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

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.

Additional details

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).

Number of official sources

5

Number of total sources

8