Project ID: 32119

China Eximbank provides RMB 510.7 million government concessional loan for National Road No. 78 (NR 78) Construction and Rehabilitation Project

Commitment amount

$ 112300526.59077583

Adjusted commitment amount

$ 112300526.59

Constant 2021 USD

Summary

Funding agency [Type]

Export-Import Bank of China (China Eximbank) [State-owned Policy Bank]

Recipient

Cambodia

Sector

Transport and storage (Code: 210)

Flow type

Loan

Level of public liability

Central government debt

Infrastructure

Yes

Category

Intent

Development (The next section lists the possible statuses.)

Commercial

Development

Representational

Mixed

Financial Flow Classification

ODA-like (The next section lists the possible statuses.)

Official Development Assistance

Other Official Flows

Vague (Official Finance)

Flows categorized based on OECD-DAC guidelines

Project lifecycle

Status

Completion (The next section lists the possible statuses.)

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment

2009-05-19

Actual start

2009-11-12

Actual complete

2012-12-06

Geography

Description

On May 19, 2009, China Eximbank and the Government of Cambodia signed an RMB 510,770,000 government concessional loan (GCL) agreement for the National Road No. 78 (NR 78) Construction and Rehabilitation Project. Then, on June 18, 2009, the Government of Cambodia approved the loan. The borrowing terms of the GCL are as follows: a 20-year maturity, a 7-year grace period, and a 2% interest rate. The proceeds from the GCL were used to finance 95% of the cost and EPC contract worth $73.3 million with Shanghai Construction Group (SCG). The remaining 5% of the EPC contract cost was funded by the Government of Cambodia. The purpose of this project was to construct and rehabilitate a 120.984 km segment of National Road No. 78 (NR 78) that runs from O Pong Moan in Strung Treng Province to Ban Lung Provincial Town in Ratanakiri Province. NR 78 is an important transportation route connecting central and northeastern Cambodia. The construction of this road was meant to improve the economic and social development of northeastern Cambodia. SCG was the EPC contractor responsible for project implementation. The project was supervised by Guangzhou Wanan Construction Supervision Company. A groundbreaking ceremony was held on November 12, 2009. The project was officially completed and the road was opened to traffic on December 6, 2012.

Additional details

1. The Chinese project title is 柬埔寨78号公路修复项目. 2. This China Eximbank loan is not included in the Overseas Development Finance Dataset that Boston University’s Global Development Policy Center published in December 2020.

Number of official sources

9

Number of total sources

16

Download the dataset

Details

Cofinanced

No

Direct receiving agencies [Type]

Government of Cambodia [Government Agency]

Implementing agencies [Type]

Shanghai Construction Group General Co. [State-owned Company]

Guangzhou Wanan Construction Supervision, Co. Ltd. [State-owned Company]

Loan Details

Maturity

20 years

Interest rate

2.0%

Grace period

7 years

Grant element (OECD Grant-Equiv)

51.7588%

Bilateral loan

Government Concessional Loan

Investment project loan