Project ID: 59193

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

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 [State-owned Policy Bank]

Recipient

Democratic Republic of the Congo

Sector

Transport and storage (Code: 210)

Flow type

Loan

Concessional

Vague

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 year

2008

Description

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: completion18. 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

Number of official sources

3

Number of unofficial sources

1

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Details

Cofinanced

No

Receiving agencies [Type]

Government of Democratic Republic of Congo [Government Agency]

Implementing agencies [Type]

SOPECO [Joint Venture/Special Purpose Vehicle]

Loan type

No Information

Gurarantee provided

No

Insurance provided

No