Overview

China Eximbank provides RMB 126 million government concessional loan for 7th China-Cambodia Friendship Koh Thom Bridge Construction Project

Commitments (Constant USD, 2023)$21,188,327

Commitment Year•2013Country 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: Apr 8, 2013

Start (actual): Mar 25, 2013

End (actual): Feb 13, 2017

First repayment: Dec 31, 2019

Last repayment: Dec 27, 2032

Geospatial footprint

Map overview

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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. More detailed locational information can be found at https://www.openstreetmap.org/way/474269184#map=16/11.1101/105.0605

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

Cambodian Ministry of Economy and Finance

Implementing agencies

State-owned companies

China Road & Bridge Corporation (CRBC)

Loan desecription

China Eximbank provides RMB 126 million government concessional loan for 7th China-Cambodia Friendship Koh Thom Bridge Construction Project

Grace period•7 yearsGrant element•61.4196%Interest rate (t₀)•1.25%Interest type•Fixed Interest RateMaturity•20 years

Narrative

Full Description

Project narrative

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.

Staff comments

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.