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| Chinese Congolese 2015 bilateral investment deal:; [REJECTED] | |
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| Tweet Topic Started: Nov 21 2014, 07:44 PM (85 Views) | |
| Vonar Roberts | Nov 21 2014, 07:44 PM Post #1 |
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Chinese Congolese 2015 bilateral investment deal: Article 1: Currency Swap The Democratic Republic of the Congo and the People's Republic of China agree to a $500 Million USD 3-year currency swap deal with the aim of bolstering trade and reducing both countries reliance on the Dollar as a medium in international trade. Article 2: Infrastructure DR.Congo Rail reconstruction program: China will pay the Democratic Republic of Congo $3.5 Billion USD for the right to lay and operate a standard gauge railway lines from Boma to Lubumbashi for a period of 25 years. As a part of this deal 20 kilometers worth of land on either side of the railway that is at least 50 kilometers outside any towns and does not have a conflicting land claim will be provided to the railway company for development purposes. As a part of this deal Chinese contractors may be brought in to develop the land's agricultural potential, energy potential, or develop the lands mineral resources. The eventual railway will extend from the Congolese port of Boma to Kinshasa, then it will head east linking Kikwit, Tshikapa, Kananga, Mwene-Ditu, Kamina, Kolwezi, Likasi, and Lubumbashi for a total distance of 2106 km for $6.318 Billion USD. Also exclusive rights will be given to Chinese companies to build a future international connection to Zambia, and the Republic of Congo by 2030. Article 2.1 Hydro Electric Projects The construction and operation Inga III dam will be contracted out to a Chinese Company. Inga III will be capable of producing 4,800 mw. The dam will be completed by 2023 with Inaga III coming online in 2019 at a projected cost of $8 to $10 Billion USD. Article 2.2 development of the Busanga Hydropower Dam The same Chinese company contracted for the Inga III dam will be contracted for the development of the Busanaga dam, which is estimated to generate 250 mw and will cost $600 Million USD. http://eng.sinohydro.com/index.php?m=content&c=index&a=show&catid=42&id=32 Chinese companies will be contracted to build and operate 1,000 mw of solar power in the Democratic Republic of Congo by 2020. As a part of this deal the Chinese companies will be the primary operators of the solar power plants, and will provide power to local industries and villages. Article 3 Financing Funding for these projects will be provided by the People's Bank of China at a interest rate of 3%, and both dams will have 15% of their energy sold to the domestic marketplace while the rest will be sold to other African nations. In particular this project will service mines in the DRC, Zambia, Namibia, and South Africa, A percentage of the revenues from all dams will cover operational costs, as well as the paying down of the Democratic Republic of Congo's debt. Article 4 Mining lease: where they don't all ready interfere with existing mining claims Concessions for mining operations will be granted to Chinese companies in Kananga, Kamina, and Kindu Article 5 Employment conditions: Chinese companies agree to pay Congolese workers at least double the Congolese minimum wage, and employ at least 65 percent of their workforce as Congolese workers. The Kanaga Arms Factory will be built in the city of Kanaga with the ability to produce up to 5,000 Type 81-1 Assault Rifles, 1,000 Type 81 LMG Squad Machine Gun, 10,000 Type 54 pistols, 550 Type 69 RPGs a year, Type 541 / 542 Grenade, as well as appropriate ammunition specs given to DRC owned ammunition plant. According to this agreement Congo will allocate $5 Million will be spent from procurement spending. Article 7: Military Equipment Deal The People's Republic of China agrees to loan to the Democratic Republic of Congo 4 UAVs. As a part of this deal Chinese leason officers will be present operating with the Drone command center, as well as 20 Chinese advisers and mechanics to maintain the aircraft. Officially these vehicles will be completely owned by the Democratic Republic of Congo, however in reality they will be leased to the Congolese government so that China can gain experience operating drones in a combat environment. China will also provide $50 million USD a year in military aid to the Democratic Republic of Congo. Article 8 Military Equipment Donation: As a part of this agreement the People's Republic of China agrees to donate the following military equipment to the Democratic Republic of Congo free of charge. 4 Type 96 tanks 25 Type 79 Tanks 300 BMP-1s 200 Type 63s 50 M-46's 60 ZSU-57-2 6 J-8 13 An-2 Colts |
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| Juggernaught | Nov 21 2014, 07:45 PM Post #2 |
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Signed, Joseph Kabila President, Democratic Republic of Congo |
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| Vonar Roberts | Nov 21 2014, 07:48 PM Post #3 |
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Signed on behalf of the People's Republic of China Xi Jinping President of the People's Republic of China Edited by Vonar Roberts, Nov 21 2014, 07:48 PM.
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| Jos1311 | Nov 24 2014, 08:49 AM Post #4 |
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Head Admin
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Rejected, please note that various contracts for the Inga-III and follow-up programs have already been signed, and these will not suddenly be awarded to Chinese companies. |
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10:53 AM Jul 11
