China Eximbank provides $82.5 million concessional loan for Oudomxay-Pakmong Section of No.13 Road (NR13) Rehabilitation Project (Linked to Project ID#64756 and ID#64757)
Commitment amount
$ 96865193.52888222
Adjusted commitment amount
$ 96865193.53
Constant 2021 USD
Summary
Funding agency [Type]
Export-Import Bank of China (China Eximbank) [State-owned Policy Bank]
Recipient
Laos
Sector
Transport and storage (Code: 210)
Flow type
Loan
Level of public liability
Central government debt
Infrastructure
Yes
Category
Project lifecycle
Geography
Description
In 2012, China Eximbank and the Government of Laos signed a $82.5 million concessional loan for the Oudomxay-Pakmong Section of No. 13 Road (NR13) Rehabilitation Project. The loan carried a 2% interest rate and a 20 year maturity. The purpose of the project was to refurbish the 81.65 km north section of the No.13 Road (NR13), which runs from Pak Mong in Luang Prabang Province to Muang Xay in Oudomasay (Oudomxay) Province. The refurbishment involved upgrading the road surface from one with bituminous surface treatment to asphalt concrete. Yunnan Sunshine Road and Bridge Co., Ltd. and China Railway Third Survey and Design Institute Group Co., Ltd. were the contractors responsible for implementation. A groundbreaking ceremony was held on March 7, 2014, and the project was officially completed and handed over to the Lao Government on June 20, 2016.
Additional details
1. The Chinese project title is North Section of the Pak Mong-Oudomxai Road Refurbishment Project, the Muang Xai-Pa Mong Section Rehabilitation Project of Route 13, the Rehabilitation of Muang Xay-Pakmong Section of Road No.13 Project, or Oudomxay–Pakmong Road Rehabilitation Project. 2. The Chinese project title 老挝北13号公路孟赛-巴蒙段公路修复项目 or 老挝13号公路巴蒙至勐赛段总承包修复项目. 3. 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. 4. The Chinese Government also financed the Pakmong-Nateuy Section of No. 13 Road (NR13) Extension Project (as captured via Project ID#64756 and ID#64757).
Number of official sources
7
Number of total sources
20
Details
Cofinanced
No
Direct receiving agencies [Type]
Government of Laos [Government Agency]
Implementing agencies [Type]
China Yunnan Sunny Road and Bridge Company [State-owned Company]
Third Railway Survey and Design Institute Group Corporation (TSDI) [State-owned Company]
Loan Details
Maturity
20 years
Interest rate
2.0%
Grace period
0 years
Grant element (OECD Grant-Equiv)
40.2296%