Rwanda and China have today signed Loan Framework Agreement at a meeting held at MINECOFIN main boardroom.
The aforesaid signing concerns the contribution of China to a very important infrastructure project, the Rusizi-Karongi-Rubavu Road, the Kivu Belt (Road of 185 Km, Project total cost around USD 350 million).
This loan will cover the construction of Lot 4 of the Road, Mwityazo (Nyamasheke)-to Ruvumbu (Karongi) and Lot 5, Ruvumbu to Kibuye of the Belt Road.
The Government of Rwanda was represented by Hon. Minister John Rwangombwa, Minister of Finance and Economic Planning and the Government of the People’s Republic of China represented by HE Chu Zhan, Ambassador of China in Rwanda.
The cooperation between Rwanda and China is currently 51 years old, the Chinese government has supported more than 40 projects with totally over RMB 1.3 billion since the establishment of diplomatic relationship in 1971, including the National Stadium, 36 Km of Kigali City Roads, MINAFFET Building, Kibungo Hospital and Kibungo Nurse School, Masaka Polyclinic and one Agriculture Demonstration Center.
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