DR Congo approves China construction, mining deals

The National Assembly of the Democratic Republic of Congo (DRC) approved several construction and mining deals with China, AFP reported. Despite the approval, however, DRC National Assembly President Vital Kamerhe urged caution. "The National Assembly has acknowledged the collaboration agreement with the Chinese businesses, but suggests watching out for the country’s interests when an assessment takes place," Kamerhe said. Through the deals, China will lend the DRC an estimated US$9 billion, of which US$6 billion will be spent on infrastructure and US$3 billion will be spent on the country’s mining industry. China would also build more than 9,000 kilometers of roads and railways, as well as dams, schools, hospitals and housing. China Railway Group and Sinohydro Corporation will also enter into a joint venture with the DRC’s national mining firm Gecamines as part of the agreement.