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Overview

China Eximbank provides $15.2 million preferential buyer's credit (PBC) loan for National Road 3762 (NR 3762) Rehabilitation Project

Commitments (Constant USD, 2023)$21,126,341
Commitment Year•2009Country of Activity•CambodiaDirect Recipient Country of Incorporation•CambodiaSector•Transport And StorageFlow Type•Loan

Status

Project lifecycle

Completion

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date
Dec 21, 2009
Start (actual)
Sep 1, 2010
End (actual)
Dec 1, 2012
First repayment
Dec 31, 2015
Last repayment
Dec 27, 2028

Geospatial footprint

Map overview

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The purpose of this project was to rehabilitate a 26.45 km segment of National Road 3762 (NR 3762) that connects Senmonorom, the capital of Mondulkiri Province to Dak Dam, also in Mondulkiri Province. More detailed locational information can be found at https://www.openstreetmap.org/directions?engine=fossgis_osrm_car&route=12.45686%2C107.18652%3B12.42081%2C107.30866#map=16/12.4322/107.2583

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

  • Cambodian Ministry of Economy and Finance

Implementing agencies

Government Agencies

  • Cambodia Ministry of Public Works and Transport

State-owned companies

  • China Road & Bridge Corporation (CRBC)

Loan desecription

China Eximbank provides $15.2 million preferential buyer's credit (PBC) loan for National Road 3762 (NR 3762) Rehabilitation Project

Grace period•7 yearsGrant element•56.0077%Interest rate (t₀)•2%Interest type•Fixed Interest RateMaturity•20 years

Narrative

Full Description

Project narrative

On December 21, 2009, China Eximbank and the Government of Cambodia's Ministry of Finance signed a $15,228,192 preferential buyer's credit (PBC) loan agreement for the National Road 3762 (NR 3762) Rehabilitation Project. The borrowing terms of the loan were as follows: 20-year maturity, 7-year grace period, 2% interest rate . The proceeds of the loan were to be used by the borrower to partially finance an EPC contract with China Road & Bridge Corporation (CRBC). The purpose of this project was to rehabilitate a 26.45 km segment of National Road 3762 (NR 3762) that connects Senmonorom, the capital of Mondulkiri Province to Dak Dam, also in Mondulkiri Province. CRBC was the EPC contractor responsible for implementation. The project officially commenced on September 01, 2010 and was completed on December 01, 2012. The construction period was originally expected to last 27 months.

Staff comments

1. This project is also known as the Design-Build of National Road 3762 Rehabilitation Project. The Chinese project title is 柬埔寨3762号公路. 2. The China Eximbank PBC loan that supported this project is not included in the Overseas Development Finance Dataset that Boston University’s Global Development Policy Center published in December 2020. 3. The loan agreement for this project was one out of 14 agreements signed by the Chinese Government and the Government of Cambodia on December 21, 2009.