|Sicomines photo credit: http://www.forumdesas.org|
Moise Ekanga, executive secretary of the Office for the Coordination and Monitoring of the Sino-Congolese Programme, announced that the DRC had received "$1.5 billion for Sicomines and infrastructure projects including road construction and hospitals, but funding and implementation have been more difficult than expected ... with projects having faced long delays."
A long-mooted hydropower project, Busanga, is now to be financed out of the copper-backed credit line (50%), with the Chinese partners in Sicomines providing the rest. And Sicomines is expected to produce its first copper cathodes by the end of October. Only seven years after the deal was signed.
h/t to China Africa Project