Project ID: 32021

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

Commitment amount

$ 6290569.464

Constant 2017 USD

Summary

Funding agency [Type]

China Ministry of Commerce [Government Agency]

Recipient

Cambodia

Sector

Transport and storage (Code: 210)

Flow type

Loan

Concessional

Yes

Category

Intent

Development (The next section lists the possible statuses.)

Commercial

Development

Representational

Mixed

Financial Flow Classification

ODA-like (The next section lists the possible statuses.)

Official Development Assistance

Other Official Flows

Vague (Official Finance)

Flows categorized based on OECD-DAC guidelines

Project lifecycle

Status

Completion (The next section lists the possible statuses.)

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment year

2002

Completion

2003

2003-04-25

Actual

Geography

Description

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

This project is also known as the Repairing the Surface of Mao Tsetung Blvd. Project or the Mao Zedong Boulevard Resurfacing Project. Since loan terms for the interest-free loan are unavailable, AidData has set maturity period 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 period 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 unofficial sources

3

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Details

Cofinanced

No

Receiving agencies [Type]

Government of Cambodia [Government Agency]

Implementing agencies [Type]

China Geo-Engineering Corporation (CGC) [State-owned Company]

Loan type

Interest-Free

Maturity

20 years

Interest rate

0.0%

Grace period

10 years

Grant element

75.05159755%

Gurarantee provided

No

Insurance provided

No