Overview

[Umbrella] Chinese Government provides $207 loan package for various infrastructure projects (Linked to Record ID#32239, #33058, #33057, #32153, #32146)

Commitments (Constant USD, 2023)$343,943,859

Commitment Year•2007Country of Activity•CambodiaDirect Recipient Country of Incorporation•CambodiaSector•Other MultisectorFlow Type•Loan

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Jan 22, 2007

Stakeholders

Organizations involved in projects and activities supported by financial and in-kind transfers from Chinese government and state-owned entities

Ultimate beneficial owners

At least 25% host country ownership

Funding agencies

State-owned Policy Banks

Export-Import Bank of China (China Eximbank)

Receiving agencies

Government Agencies

Government of Cambodia

Loan desecription

[Umbrella] Chinese Government provides $207 loan package for various infrastructure projects (Linked to Record ID#32239, #33058, #33057, #32153, #32146)

Interest type•Unknown

Narrative

Full Description

Project narrative

On January 22, 2007, China and Cambodia signed an agreement for China to provide $207 million US dollars of loans to Cambodia to develop its infrastructure. According to a press release issued by the Cambodian Ministry of Economy and Finance, 190 million dollars worth of preferential buyer's credit loan will go for the construction of: National Road No 8 from Khsach Kandal to the Cambodian-Vietnamese border (#32239) - US$71,512,717, the Prek Tamak Bridge (#33058) - US$43 503 619, the Prek Kdam Bridge (#33057) - US$28,783,664, and the National Road 76 from the junction of National Road No 7 in Snoul to Sen Monorom District, Mondulkiri Province (#32153) - US$51.9 million. Meanwhile, RMB 135 million (approximately $17.75 million USD) in preferential loans will be used for the construction of the Cambodian section of the Greater Mekong Sub-region Information Superhighway (#32146).