Project ID: 58817

China Eximbank pledges $320 million loan for construction of medium and low voltage electricity distribution networks

Pledged amount

$ 368748210.2467116

Adjusted pledged amount

$ 368748210.2467116

Constant 2021 USD

Not recommended for aggregates

This project is not recommended for use in creating aggregated sums. See the documentation for more information about this criteria.

Summary

Funding agency [Type]

Export-Import Bank of China (China Eximbank) [State-owned Policy Bank]

Recipient

Congo (DRC)

Sector

Energy (Code: 230)

Flow type

Loan

Level of public liability

Central government debt

Infrastructure

Yes

Category

Intent

Development (The next section lists the possible statuses.)

Commercial

Development

Representational

Mixed

Financial Flow Classification

Vague (Official Finance) (The next section lists the possible statuses.)

Official Development Assistance

Other Official Flows

Vague (Official Finance)

Flows categorized based on OECD-DAC guidelines

Project lifecycle

Status

Pipeline: Pledge (The next section lists the possible statuses.)

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment

2017-01-01

Description

A 2017 World Bank report stated that negotiations with China Eximbank are ongoing for the financing of the construction of two 400 kV substations on the Inga-Kinshasa line as well as medium and low voltage distribution networks, for 160 and 320 million US dollars. The first project is captured in Project ID#58815.

Additional details

Number of official sources

1

Number of total sources

1

Download the dataset

Details

Cofinanced

No

Direct receiving agencies [Type]

Government of Democratic Republic of Congo [Government Agency]

Loan Details

Bilateral loan

Investment project loan