Chinese consortium to invest in road modernization project in DR Congo

Photo taken on Jan. 19, 2022 shows a stadium in Goma, the Democratic Republic of the Congo (DRC). (Photo by Zanem Nety Zaidi/Xinhua)

A subsidiary of Chinese logistics firm Jiayou International Logistics Co., Ltd. (Jiayou International, 603871.SH) plans to jointly invest in, construct and operate the Kambululu-Dilolo road and Dilolo land port modernization project in the Democratic Republic of the Congo (DRC) with a subsidiary of Chinese mining giant Zijin Mining Group Co., Ltd. (601899.SH) by forming a consortium, reported Shanghai Securities News Monday quoting Jiayou International.

The infrastructure and public works arm of DRC has granted a 30-year project concession to the consortium.

The total investment of the project is 363 million U.S. dollars.

Editor: Gao Jingyan
Today’s Recommendations

Economic Watch: Road, trade and exchange, China and ASEAN countries forge closer community

A handful of seashells are on display in a museum in southwest China's border province of Yunnan, recording the country's past history of international communication.【detailed】

Bangladesh officials urge Chinese businesses to invest more

Bangladesh Planning Minister MA Mannan on Monday asked Chinese businesses to invest more in Bangladesh for mutual benefits.【detailed】