Overview

China Eximbank provides $44.9 million preferential buyer’s credit for National Road No. 41 (NR 41) Construction Project (Junction NR4 Thnal Toteung-Chum Kiri Section)

Commitments (Constant USD, 2023)$57,775,912

Commitment Year•2010Country 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 13, 2010

Start (actual): May 18, 2011

End (actual): Jun 29, 2015

First repayment: Dec 30, 2016

Last repayment: Dec 27, 2029

Geospatial footprint

Map overview

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The purpose of this project was to construct a 95.28 km segment along National Road No. 41 (NR 41) that runs from the junction of National Road No.4 (NR 4) in Thnal Toteung to Chum Kiri District (Khmer: ស្រុកជុំគីរី) in Kampot Province. This road connects the Cambodian capital of Phnom Penh with the country’s southwestern coastal area. More detailed locational information can be found at https://www.openstreetmap.org/way/172422177#map=14/11.4474/104.6603 and https://www.openstreetmap.org/way/171206523#map=12/11.0663/104.5048 and https://www.openstreetmap.org/way/386116627#map=11/10.9211/104.4212 and https://reconnectingasia.csis.org/database/projects/national-road-no-41-thnal-toteung-chumkiri/b529d11c-221c-459e-9f9a-e3ebabb7551e/

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

Implementing agencies

State-owned companies

China Road & Bridge Corporation (CRBC)
Guangzhou Wanan Construction Supervision, Co. Ltd.

Loan desecription

China Eximbank provides $44.9 million preferential buyer’s credit for National Road No. 41 (NR 41) Construction Project (Junction NR4 Thnal Toteung-Chum Kiri Section)

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 13, 2010, China Eximbank provided a $44,992,000 preferential buyer’s credit (PBC) agreement for National Road No. 41 (NR 41) Construction Project (Junction NR4 Thnal Toteung-Chum Kiri Section). 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 construct a 95.28 km segment along National Road No. 41 (NR 41) that runs from the junction of National Road No.4 (NR 4) in Thnal Toteung to Chum Kiri District (Khmer: ស្រុកជុំគីរី) in Kampot Province. This road connects the Cambodian capital of Phnom Penh with the country’s southwestern coastal area. CRBC was the EPC contractor responsible for implementation. Guangzhou Wanan Construction Supervision Company was the contractor responsible for project supervision. The groundbreaking ceremony was held on May 18, 2011, and the project was completed on June 29, 2015.

Staff comments

1. This project is also known as the Construction of National Road No. 41 (NR 41) from Junction NR4 Thnal Toteung-Chum Kiri Project. The Chinese project title is 柬埔寨41号公路. 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.