China Eximbank pledges to finance modernization of the Kinshasa-Matadi Railway and Port of Matadi
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
Transport and storage (Code: 210)
Flow type
Loan
Level of public liability
Central government debt
Infrastructure
Yes
Category
Project lifecycle
Description
A report from the Office for Coordination and Monitoring of the Sino-Congolese Program (BCPSC) in 2013 stated that a contract for the modernization of the Kinshasa-Matadi Railway and Port of Matadi (French project name: modernisation du Chemin de fer Kinshasa - Matadi et du Port de Matadi) will be negotiated by Chinese companies SinoHydro and CREC and funded by the China Eximbank. As of 2020 however, the ACGT website did not list this project as one that is funded through the Sino-Congolese Program. The ACGT reported that a concession contract for RN1 Kinshasa-Matadi was signed on November 09, 2010, between the DRC (Licensing Authority), represented by MITPR, and the company CREC 7 / SOPECO (Concessionaire). This contract was updated on April 10, 2015. It is not clear if this is the same contract to modernize the Kinshasa-Matadi Railway that was pledged in this project. The RN1 Kinshasa-Matadi project is listed as one that will be financed through a Public-Private-Partnership on the ACGT website, and is captured in project #59231.
Additional details
AidData codes the project status as pledge for now as it is uncertain whether any Chinese financing was committed since the 2013 BCPSC report. This project is potentially a duplicate of project #59231.
Number of official sources
3
Number of total sources
3
Details
Cofinanced
No
Direct receiving agencies [Type]
Government of Democratic Republic of Congo [Government Agency]