DRC: the Sino-Congolese contract executed at 27.4% on the infrastructure and 77% on the mining investment component
The Minister of State, Minister of Infrastructures and Public Works, Mr Gisaro, made, during the Council of Ministers of September 24, the state of play of the technical and financial execution of the infrastructure projects selected within the framework of the Sino-Congolese program.
It emerges that out of a planned financing of 3 billion USD, the amount invested by the Chinese side amounts to 825 million USD (interest not included). This shows an execution rate of 27.5% of this second part of the Sino-Congolese contract.
This amount has been allocated to the execution of 40 projects, of which 27 have been completed and 13 are in progress. A six-phase sequenced program has been proposed for the disbursement of the remaining two (2) billion USD over the period 2021-2025. Hence, the need to release the tranches of 150 million USD planned for 2021 and 300 million USD for 2022.
The Minister of Infrastructures and Public Works also suggested to the Council to convince Sicomines SA, in view of the recorded cash flows, to review its cap on the financing of infrastructure projects currently amounted to 1.053 billion USD.
Coming in the same direction, the Minister of Mines, Antoinette N’Samba, looked at the technical and financial execution of the mining project concerned by this Sino-Congolese partnership. It shows that approximately 2.454 billion USD has so far been effectively invested out of planned funding of 3.2 billion USD, or an execution rate of 77%.
With regard to the major legal, technical and financial problems noted in the collaboration agreement, the Minister of Mines suggested in particular an evaluation of the execution of the mining project by an interministerial commission to determine the expenses incurred in the implementation. implementation of the project and to realize the real rate of the execution of the agreement with a view to considering the future.
