China Eximbank provides RMB 126 million government concessional loan for 7th China-Cambodia Friendship Koh Thom Bridge Construction Project
Commitment amount
$ 23115929.309192248
Adjusted commitment amount
$ 23115929.31
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
Project lifecycle
Geography
Description
On April 8, 2013, China Eximbank and the Government of Cambodia's Ministry of Economy and Finance signed an RMB 126 million government concessional loan (GCL) agreement [China EXIMBANK GCL No. 2013 (28) TOTAL NO. (473)] for the 7th China-Cambodia Friendship Koh Thom Bridge Construction Project. The GCL carried the following terms: 20-year maturity, 7-year grace period, and 1.25% interest rate. The proceeds of the GCL were to be used by the borrower to finance an EPC (commercial) contract with China Road and Bridge Engineering Co., Ltd. The purpose of the project was to construct the 7th China-Cambodia Friendship Koh Thom Bridge Project, which is a bridge that crosses the Tonle Bassac River in Koh Thom district and connects National Road 21 (NR 21) and National Road 110. It is approximately 415 meters long and 13.5 meters wide and its construction was designed to connected Kandal province with neighboring Vietnam. Construction started on March 25, 2013 and the project was completed on August 8, 2016, the project was completed. The bridge was officially inaugurated on February 13, 2017, with Cambodian Prime Minister Hun Sen and Chinese Ambassador to Cambodia Xiong Bo presiding over the ceremony.
Additional details
1. This project is also known as the Koh Thom Bridge Project or the 7th China-Cambodia Friendship Bridge Project. The Chinese project title is 中国优贷项目巴萨河哥通大桥. The Khmer project title is ស្ពានមិត្តភាពកម្ពុជាចិនកោះធំ. 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.
Number of official sources
10
Number of total sources
17
Details
Cofinanced
No
Direct receiving agencies [Type]
Cambodian Ministry of Economy and Finance [Government Agency]
Implementing agencies [Type]
China Road & Bridge Corporation (CRBC) [State-owned Company]
Loan Details
Maturity
20 years
Interest rate
1.25%
Grace period
7 years
Grant element (OECD Grant-Equiv)
57.4624%