DRC to Invest $7 Billion from Chinese Contract Revisit in Road Infrastructure
The Democratic Republic of Congo (DRC) aims to address its significant road infrastructure deficit by investing the entire $7 billion secured through renegotiating the SICOMINES contract with China.
Freddy Yodi Shembo, Director General of the Agency for Steering, Coordination, and Monitoring of Collaboration Agreements, highlighted this strategy during a press briefing alongside Government Spokesperson Patrick Muyaya Katembwe on March 19, 2024.
Shembo emphasized that while the funds may not cover the entire road network, priority would be given to integrative projects that enhance connectivity and foster development across the country.
Furthermore, he outlined the agency’s role in initiating and managing large-scale public-private partnership projects, extending beyond the Sino-Congolese program to engage with partners globally.
Assuring rigorous oversight, Shembo pledged to ensure transparent and accountable utilization of funds to construct sustainable roads, signaling a new era of infrastructure development in the DRC.
