Project ID: 33058

China Eximbank provides $43.5 million preferential buyer’s credit for 3rd Cambodia-China Friendship (Prek Tamak) Bridge Construction Project (Linked to Project ID#32113)

Commitment amount

$ 78274512.19326

Adjusted commitment amount

$ 78274512.19

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

Mixed (The next section lists the possible statuses.)

Commercial

Development

Representational

Mixed

Financial Flow Classification

OOF-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

2007-02-22

Actual start

2007-06-06

Actual complete

2011-01-24

Geography

Description

On February 22, 2007, China Eximbank and the Government of Cambodia signed a $43,503,619 preferential buyer’s credit (PBC) agreement for the 3rd Cambodia-China Friendship (Prek Tamak) Bridge Construction Project. The PBC carried the following borrowing terms: a 20-year maturity, a 7-year grace period, and a 2% interest rate. The purpose of the project was to construct the Prek Tamak Bridge, which is 1,060 meters in length and 13.5 meters in width, with a designed speed of 60 km per hour. The bridge is located in the eastern part of the city of Phnom Penh. The bridge connects national road No. 6 and national road No. 8. and it is meant to form an east-west backbone transportation network and promote the construction of an economic corridor in the region. Shanghai Construction Group (SCG) was the contractor responsible for implementation. The project commenced on June 6, 2007. An inauguration ceremony for the official use of the Prek Tamak Bridge was held on January 24, 2011.

Additional details

1. This project is also known as the 1060m Prek Tamak Bridge Over the Mekong River Project. The Khmer project title is ស្ពានព្រែកតាមាក់. 2. The China Eximbank 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. On January 22, 2007, China Eximbank committed to providing a $207 million loan package for the “two bridges and two roads” project (involving Prek Tamaek Bridge, Prek Kdam Bridge, National Road No. 6, and National Road No. 8; see linked umbrella Project ID#32113). This project is a partial fulfillment of that commitment.

Number of official sources

5

Number of total sources

13

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]

Loan Details

Maturity

20 years

Interest rate

2.0%

Grace period

7 years

Grant element (OECD Grant-Equiv)

51.7588%

Bilateral loan

Export buyer's credit

Investment project loan

Preferential Buyer's Credit