Chinese funding worth US$7 billion for DRC infrastructure

A Chinese funding package worth US$7 billion will be used for DRC infrastructure.
Finance & Funding / February 9, 2024 25 seconds Read
By MJ Woof
Chinese firm SICOMINES will invest US$7 billion into infrastructure in DR Congo as part of an agreement with the country’s government over access to mineral rights – image courtesy of © Fedor Sidorov|

A funding package worth US$7 billion from China will improve infrastructure in the Democratic Republic of the Congo (DR Congo). The package is being supplied by the Chinese firm SICOMINES, with most of the funds being used for road improvements and highway construction. Road maintenance and improvements will be carried out to existing links.

The package is part of an agreement SICOMINES and the DR Congo Government made in 2008. This deal exchanged the mining rights for certain copper and cobalt deposits in DR Congo for investment in infrastructure.