Chinese Government provides RMB 24 million interest-free loan — via ETCA — for Mao Tse Toung Boulevard Resurfacing Project (linked to #32025)

On February 20, 2002. the Chinese Government and the Government of Cambodia signed an exchange of letters regarding an RMB 24 million interest-free loan for the Mao Tse Toung Boulevard Resurfacing Project. The loan proceeds were drawn from an economic and technical cooperation agreement (ETCA) that the parties signed on December 24, 2001 (see Project ID#32025). The purpose of the project was to resurface 5.1 km of Mao Tse Toung Boulevard in the capital city of Phnom Penh. It also involved repairs to footpaths, signs and road markings, traffic signals, and the drainage system of Mao Zedong Boulevard. China Geo-Engineering Corporation was the contractor responsible for implementation. The project commenced on October 4, 2002 and ended on April 25, 2003.

Additional details

1. This project is also known as the Repairing the Surface of Mao Tsetung Blvd. Project or the Mao Zedong Boulevard Resurfacing Project. 2. Since the borrowing terms of the interest-free loan are unavailable, AidData has set maturity= to 20 years by default and grace period to 10 years by default, per China's Foreign Assistance White Paper (http://www.cidca.gov.cn/2018-08/06/c_129925064_3.htm) which states that the maturity of interest-free loans is 20 years, with a drawdown period of 5 years, grace period of 5 years, and repayment over 10 years. AidData treats the drawdown period as providing 5 years of additional grace.

Number of official sources

3

Number of total sources

6