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Overview

China Exim Bank pledges to fund rehabilitation of Lubumbashi-Kasumbalesa Road

Commitment Year2008Country of ActivityDemocratic Republic of the CongoDirect Recipient Country of IncorporationDemocratic Republic of the CongoSectorTransport And StorageFlow TypeLoan

Status

Project lifecycle

Pipeline: Pledge

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date
Jan 1, 2008

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

Joint Venture/Special Purpose Vehicles

  • SOPECO

Loan desecription

China Exim Bank pledges to fund rehabilitation of Lubumbashi-Kasumbalesa Road

Interest typeUnknown

Narrative

Full Description

Project narrative

On April 10, 2015, DRC's Ministry of Infrastructure, Public Works and Reconstruction (MITPR) signed a concession contract with an enterprise SOPECO for the rehabilitation of Lubumbashi-Kasumbalesa road. The project is listed by the Agence Congolaise Des Grands Travaux (ACGT) as financed through a public-private partnership. It is unclear if SOPECO has Chinese equity in it, as some reports claim that it is a Chinese-owned company. The project itself is broken down into 22 components listed below. The total amount of contracts at the end of December 2016, are valued at 88,859,585.94 USD. 60,339,518.46 USD, or 68% of total funding has been disbursed. The amount remaining to be paid is 28,520,067.48. According to the Plan du Travail, China Exim Bank had pledged financing to the project in 2008. No Exim funding could be confirmed. It is unclear how much Chinese financing is committed to this project, if any. 1. Enlargement of RN1 at Kasumbalesa Border Post. Cost: $24,800,491.81. Status: implementation 2. Enlargement of exit of Lubumbashi at Kashamata. Cost: $5,658,013.80. Status: implementation 3. Asphalting of Avenues Sombe-Some and Mukoswa-Kanaga in Lumbumbashi. Cost: $1,866,927.58. Status: completion 4. Asphalting of Avenue Sumaili in Lumbumbashi. Cost: $643,203.89. Status: completion 5. Asphalting of Avenue Christophe in Lumbumbashi. Cost: $890,890.41. Status: completion 6. Asphalting of Avenue Kasimba in Lumbumbashi. Cost: $952,082.16. Status: completion 7. Asphalting of Avenue Mwenda in Lumbumbashi. Cost: $163,734.21. Status: completion 8. Asphalting of Avenue Sandoa in Lumbumbashi. Cost: $402,905.92. Status: completion 9. Rehabilitation of Avenue Mweka in Lumbumbashi. Cost: $218,085.24. Status: completion 10. Rehabilitation of Avenue André Lumbu in Lumbumbashi. Cost: $1,551,099.60. Status: implementation 11. Rehabilitation of Avenue Comas Shungu in Lumbumbashi. Cost: $494,934.42. Status: implementation 12. Rehabilitation of Avenue Ilunga in Lumbumbashi. Cost: $689,231.26. Status: implementation 13. Rehabilitation of Avenue In Mazazi in Lumbumbashi. Cost: $374,823.25. Status: implementation 14. Rehabilitation of Avenue Kalulaku in Lumbumbashi. Cost: $92,352.60. Status: implementation 15. Rehabilitation of Avenue Luly Mwamba in Lumbumbashi. Cost: $108,616.96. Status: implementation 16. Rehabilitation of Avenue Mutshebele in Lumbumbashi. Cost: $425,382.26. Status: implementation 17. Regular maintenance of Route Lubumbashi-Kasumbalesa. Cost: $628,000.80. Status: completion 18. Construction of bypass road (Route des poids Lourds) in Lubumbashi. Cost: $28,204,054.13. Status: implementation 19. Rehabilitation of RN1 section from Lubumbashi to Likasi. Cost: $14,525,754.72. Status: completion 20. Enlargement of RN1 from Kasumbalesa to Wisky. Cost: $6,768,492.53. Status: implementation 21. Kipushi toll road phase I. Cost: $81,909.66. Status: completion 22. Kipushi toll road phase II to PK 16+500. Cost: $81,909.66. Status: completion