Democratic+Republic+of+the+Congo+Infrastructure+Projects

China Highly Likely To Continue Infrastructure Investments In The Democratic Republic Of Congo In The Next Five Years That Correspond To PNGSM Investments, Specifically And Heavily In Mining
In the next five years China is highly likely to continue to invest in the Democratic Republic of Congo infrastructure projects. There have been a total of 4 infrastructure projects totaling USD 629 million that include various infrastructure developments such as hydroelectric dams and fiber-optic cables. Due to the DRCs performance in PNGSM, the Chinese are highly likely to invest in infrastructure projects that coincide with the country’s strategic mineral resources. In 2007 an infrastructure for mines barter deal, was signed which would provide USD 9 billion, later reduced to USD 6 billion because of IMF concerns, in which China would improve Congolese infrastructure in exchange for mineral deposits. As of December 2012 the implementation of the Sicomines agreement has been suspended because China Exim Bank withdrew financial support for the project; Sicomines is looking for new financial backing and has been in negotiation to secure financing with China Development Bank, Bank of China, and China Exim Bank. Between 2008 and 2012, there have reportedly been a total of 13 infrastructure projects implemented with USD 458 million disbursed under the Sicomines agreement. To read the full report, click here
 * Executive Summary: **

In September 2007 China and the DRC signed an agreement for a USD 9 billion loan from the Exim Bank of China, but was later reduced to USD 6 billion due to pressure from the IMF. It would improve Congolese infrastructure and develop mines in the Mashamba basin, the Dima basin, the Dik Colline D syncline, and Kolwezi. In exchange China would receive access to any of the minerals in the country which are capable of being developed. To read the full report on the Sicomines deal, click here
 * Discussion: **

In March 2011, President Joseph Kabila and Chen Yuan, chairman of the China Development Bank, signed an agreement to fund growth in the DRC. The agreement covers multiple sectors, including mining, oil, road building and agriculture and the total USD amount is unknown.

The list below outlines miscellaneous infrastructure projects in the Democratic Republic of Congo that did not correspond to petroleum, natural gas and strategic mineral investments. These infrastructure projects total USD 629 million and vary among telecommunications networks, electric dams and general infrastructure projects.

(USD) || Location || Key Chinese Companies Involved || Description || Corresponds To || million || Kinshasa, Lumbashi, Lake Tangayika, Kalemie, Uvira, Kisangani, Mbandaka || Eximbank, China International Telecommunication Construction Corporation (CITCC) || Building of an optical transmission network || Misc. || million || Kinshasa, Moanda || China International Telecommunication Construction Corporation (CITCC) and Eximbank || Building of an optical transmission network || Misc. || million || Unknown || Chinese government || Grant for infrastructure || Misc. || million || Bas-Congo province || Eximbank || Build a hydroelectric dam || Misc. ||
 * Date || Price
 * 2008 || 221
 * 2008 || 35
 * 2011 || 6
 * 2011 || 367

** Analytic Confidence: **
Analytic confidence is high. Source reliability ranges from medium to high. There is no conflict between sources. The analyst had low expertise on the subject, worked alone while also collaborating with a group, and did not use a structured analytic method. The subject is moderately complex and the deadline was moderately easy to meet.


 * Analyst: ** James Gibson