Chinese Government provides $19.1 million for SNCC for acquisition of 60 new passenger cars (Linked to Project ID#58762, #58763, #58764, #58765, #58766, #58767, and #58769)

In 2011, the Chinese Government provided a $19.1 million loan to Société Nationale de Chemin de Fer du Congo (SNCC) — a state-owned railway company in the DRC — for the acquisition of 60 new passenger cars. This project is one of seven projects that SNCC financed through a $200 million credit line from the Chinese Government (see Project ID#58762). It is identified in the 2011 Annual Report of Cellule d'Exécution de Transport Multimodal de la République Démocratique du Congo (CEPTM). The implementation status of this project is unknown. According to a 2010 World Bank Report, the 200 million line of credit was intended to support the SNCC recovery plan, and will enable SNCC to acquire new rolling stock and railway track construction materials, as well as acquire 2 electrical substations. The same report stated that the 200 million USD was provided by China to the government of DRC, who then transferred the financing to SNCC in the form of a grant. On September 17, 2007, the Congolese Minister for Public Works & Infrastructure Pierre Lumbi and Chinese Ambassador to the DRC Wu Xexuan signed a railway project agreement. The agreement envisaged (a) the construction of a 700 km new line between the river port of Ilebo and Kinshasa, and (b) rehabilitation of the 1,067 mm gauge lines linking Sakania and Lubumbashi in the province of Katanga to Ilebo and from Kinshasa to Matadi. It is unclear if the proceeds from this $19,1 million loan to SNCC in 2011 were used to facilitate the implementation of the same railway project.

Additional details

1. The French project title is Acquisition de 60 voitures à passagers neuves. 2. The loan is not included in the database of Chinese loan commitments that SAIS-CARI released in 2020 and re-released in 2021.

Number of official sources

5

Number of total sources

6