Chinese Government pledges $500 million concessional lending package for unspecified projects
Pledged amount
$ 485830935.1
Constant 2017 USD
Not recommended for aggregates
This project is not recommended for use in creating aggregated sums. See the documentation for more information about this criteria.
Umbrella project
This project is classified as an "umbrella" project, and is connected to related projects.
Summary
Funding agency [Type]
Unspecified Chinese Government Institution [Government Agency]
Recipient
Cambodia
Sector
Other multisector (Code: 430)
Flow type
Loan
Concessional
Yes
Category
Project lifecycle
Description
China and Cambodia signed a number of agreements during Prime Minister Hun Sen's visit to China April 6-10, 2013, including soft loan agreements worth $500 million USD as well as RMB 300 million in grants (as captured in Project ID#62486). The agreements were signed by Hun Sen and Chinese Premier Li Keqiang. The loans and grant money will be used mostly for infrastructure projects.Known projects drawing from the total loans promised include:#38815- RMB 329.7 million government concessional loan for Phase 2 of Stung Chikreng River Basin Water Resources Development Project#38780- RMB 126 million government concessional loan for 7th China-Cambodia Friendship Koh Thom Bridge Construction Project#62488- RMB 200 million interest-free loan through an Economic and Technical Cooperation Agreement (ETCA) for unspecified purposes
Number of official sources
0
Number of unofficial sources
4
Details
Cofinanced
No
Receiving agencies [Type]
Government of Cambodia [Government Agency]
Loan type
Concessional
Gurarantee provided
No
Insurance provided
No