Major Infrastructure Programs
In 2007 China agreed to lend the DRC US$5bn for two major transport infrastructure projects to link mineral-rich Katanga, specifically Lubumbashi, by rail to an ocean port (Matadi) and by road to the Kisangani river port, and to improve its links to the transport network of Southern Africa in Zambia. The two projects would also link the major parts of the country not served by water transport, and the main centres of the economy. Loan repayments will be from concessions for raw materials which China desperately needs: copper, cobalt, gold and nickel, as well as by toll revenues from the road and railway. In the face of reluctance by the international business community to invest in DRC, this represents a revitalisation of DRC's infrastructure much needed by its government.
The China Railway Seventh Group Co. Ltd will be in charge of the contract, under signed by the China Railway Engineering Corporation, with construction to be started from June 2008.
Read more about this topic: Transport In The Democratic Republic Of The Congo
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