Chinese Government provides RMB 200 million interest-free loan — via ETCA — for Kratie-Trapeang Kriel Section of National Road No.7 (NR 7) Rehabilitation Project (linked to Record ID#61165, #61166, #38851)

Project narrative

On November 2, 2002, the Chinese Government and the Government of Cambodia signed letters of exchange regarding a $60,980,000 loan for the Kratie-Trapeang Kriel Section of National Road No.7 (NR 7) Rehabilitation Project (captured in linked Record ID#61165). The loan carried the following borrowing terms: 20-year maturity, 10-year grace period, and 0% interest rate. The loan proceeds were drawn in part from an economic and technical cooperation agreement (ETCA) that the parties signed on November 27, 2003, which is captured in this project. It is unclear if the ETCA proceeds went toward other sub-projects. Also on November 2, 2002, the Chinese Government and the Government of Cambodia signed a $2,430,000 grant agreement for the Kratie-Trapeang Kriel Section of National Road No.7 (NR 7) Rehabilitation Project (captured in Record ID#61166). The purpose of the project was to rehabilitate a 196.8 km segment of National Road No.7 (NR 7) between Kratie and Trapeang Kriel. This road segment was considered to be the last section of the Sihanoukville–Phnom Penh–Stung Treng–Pakse–Savannakhet Subcorridor (SEC-4) in Cambodia. Shanghai Construction Group (SCG) was the contractor responsible for implementation. A formal groundbreaking ceremony was held on November 18, 2004 ("援柬埔寨7号国道项目专辑（一）") and the road inauguration ceremony was held on April 29, 2008 ("中国援柬埔寨7号公路举行竣工通车仪式"). In 2004, the Chinese Government and the Government of Cambodia signed a $2,558,125 interest-free loan agreement for the 1st Cambodia-China Friendship (Sekong) Bridge Construction Project, which is closely related to the Kratie-Trapeang Kriel Section of National Road No.7 (NR 7) Rehabilitation Project (see linked Record ID#38851).