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Overview

China Eximbank provides RMB 340 million government concessional loan for Rehabilitation of Government Communication Networks Project

Commitments (Constant USD, 2023)$59,773,459
Commitment Year•2011Country of Activity•Democratic Republic of the CongoDirect Recipient Country of Incorporation•Democratic Republic of the CongoSector•CommunicationsFlow Type•Loan

Status

Project lifecycle

Implementation

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date
Oct 14, 2011
First repayment (originally scheduled)
Dec 31, 2015
Last repayment (originally scheduled)
Dec 27, 2030

Stakeholders

Organizations involved in projects and activities supported by financial and in-kind transfers from Chinese government and state-owned entities

Ultimate beneficial owners

At least 25% host country ownership

Funding agencies

State-owned Policy Banks

  • Export-Import Bank of China (China Eximbank)

Receiving agencies

Government Agencies

  • Government of Democratic Republic of Congo

Implementing agencies

Government Agencies

  • l’Agence Nationale des Renseignements

Private Sector

  • Huawei Technologies Co., Ltd.

Loan description

China Eximbank provides RMB 340 million government concessional loan for Rehabilitation of Government Communication Networks Project

Grace period•5 yearsGrant element•59.9425%Interest rate (t₀)•1%Interest type•Fixed Interest RateMaturity•20 years

Narrative

Full Description

Project narrative

On October 14, 2011, China Eximbank and the Government of the Democratic Republic of Congo signed an RMB 340,000,000 government concessional loan (GCL) agreement [CHINA EXIMBANK GCL n° 6 (2010) TOTAL n° (303)] for the Rehabilitation of Government Communication Networks Project. The GCL carried the following terms: 20 year maturity, 5 year grace period, 1% interest rate, and a 0.75% commitment fee. According to Government of the DRC's Aid Management Platform (AMP), the USD commitment value of the loan was $54,175,090.53 and final disbursements through the loan amounted to $55,649,825.83. The proceeds from the GCL were used to pay Huawei for its work on contract #0001800904020A, that was signed between Huawei and l’Agence Nationale des Renseignements on April 22, 2009. Huawei Technologies was the contractor responsible for implementation of the Rehabilitation of Government Communication Networks Project.

Staff comments

1. This project is also known as the Government Internal Telecom Network Project. The French project title is Réseau gouvernemental en RDC or Contrat de Fourniture pour le Projet du réseau public. 2. In the database of Chinese loan commitments that SAIS-CARI released in July 2020, it does not record the borrowing terms of this loan. AidData records the borrowing terms that are reported in 2013 Public Debt Audit published by the Government of the Democratic Republic of Congo (20 year maturity, 5 year grace period, 1% interest rate, and a 0.75% commitment fee).