Republic of Congo - Construction SectorRepublic of Congo - Construction
Overview
The Republic of Congo is actively improving infrastructure. In recent years, new airports, dams, bridges, roads, stadiums, and administrative buildings have been constructed. Chinese construction firms are heavily involved in these projects. Construction in the country has slowed down after the completion of the 2015 African Games projects and the fall in oil prices. Some private construction work continues but most government projects have stalled. The Republic of Congo has initiated a program called “Municipalisation Accélérée”, which consists of selecting one city each year that will be the beneficiary of a vast program of construction projects to build roads, schools, dams, hospitals, and airports, and ending with the celebration of Independence Day in the selected regional capital every August 15th. This program has benefited eleven cities so far and has been linked to the construction of five national airports, several hospitals and numerous roads.Awarding of contracts, however, is not always transparent. Some contracts appear to have been awarded to private Chinese firms on a non-competitive basis, likely because project funding is provided by Chinese government loans to the government of the Republic of Congo. Most of the largest contracts between the Republic of Congo and China are not published.
2014 | 2015 | 2016 | 2017 (Estimated 1st Semester) | |
---|---|---|---|---|
Total Local Production | 611 | 691 | 711 | 621 |
Total Exports | ||||
Total Imports | ||||
Imports from the US | ||||
Total Market Size | ||||
Exchange Rates | 493.53 | 591.42 | 592.44 |
Unit= millions of dollars