Overview

China Eximbank provides $31.9 million preferential buyer’s credit for 4th China-Cambodia Friendship-Takhmao Bridge Project

Commitments (Constant USD, 2023)$41,150,505

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): Jun 6, 2011

End (actual): Apr 3, 2014

First repayment: Dec 30, 2016

Last repayment: Dec 27, 2029

Geospatial footprint

Map overview

Visualizes the AidData-provided feature geometry for this project.

Loading map…

The purpose of this project was to construct a bridge across the Bassac River in Kandal Province connecting National Road No. 2 (NR 2) on the west side of the river to National Road No. 1 (NR 1) in the east side of the river. The bridge, which was designed to be 855 meters long and 13.5 meters wide, is located about 13 kilometers southeast of the capital Phnom Penh. The connecting road is 11.1 kilometers long and an important part of the No. 2 ring road in Phnom Penh. More detailed locational information can be found at https://www.openstreetmap.org/way/255755623

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

Shanghai Construction Group General Co.

State-owned Policy Banks

Export-Import Bank of China (China Eximbank)

Loan desecription

China Eximbank provides $31.9 million preferential buyer’s credit for 4th China-Cambodia Friendship-Takhmao Bridge 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 13, 2010, China Eximbank and the Government of Cambodia signed a $31,995,392 preferential buyer’s credit (PBC) agreement for the 4th China-Cambodia Friendship-Takhmao Bridge Project. The borrowing terms of the PBC were as follows: 20-year maturity, 7-year grace period, and 2% interest rate. The proceeds of the PBC were used to partially finance an EPC contract with Shanghai Construction Group (SCG). The purpose of this project was to construct a bridge across the Bassac River in Kandal Province connecting National Road No. 2 (NR 2) on the west side of the river to National Road No. 1 (NR 1) in the east side of the river. The bridge, which was designed to be 855 meters long and 13.5 meters wide, is located about 13 kilometers southeast of the capital Phnom Penh. The connecting road is 11.1 kilometers long and an important part of the No. 2 ring road in Phnom Penh. SCG was the EPC contractor responsible for implementation. A formal groundbreaking ceremony was held on July 6, 2011, and the project was completed on April 3, 2014. On August 3, 2015, a formal bridge inauguration ceremony was held.

Staff comments

1. This project is also known as the 855m Takhmao Bridge over Tonle Bassac River and its Connecting Road Project or the Takmao Bridge Project. The Chinese project title is 巴萨河达克茂大桥. 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. The loan for this project is part of the $100 million of preferential loans that were pledged by the Chinese Government on January 15, 2007. Another project related to the pledge is the construction of National Road No. 57 (captured in Record ID#32105).