Sinohydro Corp and China Railway Group

The state auditor in Congo has demanded an additional $17 billion of investments from a 2008 deal with Chinese investors, which is currently under negotiation. The deal in question involves Sinohydro Corp and China Railway Group, who agreed to build roads and hospitals in exchange for a 68% stake in Sicomines, a joint venture with Congo’s state mining company Gecamines. President Felix Tshisekedi’s government has been reviewing the agreement, which was initially made with his…