Project ID: 32153

China Eximbank provides $51.9 million preferential buyer's credit for National Road No. 76 (NR 76) Rehabilitation Project (Snuol to Senmonorom Mondolkiri Section) (Linked to Project ID#32113, #32155)

Commitment amount

$ 93381821.47168478

Adjusted commitment amount

$ 93381821.47

Constant 2021 USD

Summary

Funding agency [Type]

Export-Import Bank of China (China Eximbank) [State-owned Policy Bank]

Recipient

Cambodia

Sector

Transport and storage (Code: 210)

Flow type

Loan

Level of public liability

Central government debt

Infrastructure

Yes

Category

Intent

Mixed (The next section lists the possible statuses.)

Commercial

Development

Representational

Mixed

Financial Flow Classification

OOF-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

2007-02-22

Actual start

2008-02-14

Actual complete

2012-01-31

Geography

Description

On February 22, 2007, China Eximbank and the Government of Cambodia signed a $51,900,000 preferential buyer's credit (PBC) agreement for the National Road No. 76 (NR 76) Rehabilitation Project (Snuol to Senmonorom Mondolkiri Section). The borrowing terms of the PBC were as follows: 20-year maturity, 7-year grace period, and 2% interest rate. The proceeds of the PBC were to be used by the borrower to partially finance an EPC contract with China Road and Bridge Corporation (CRBC). The purpose of the project was to rehabilitate a 127 km segment of National Road No. 76 (NR 76) between Snuol district in Mondul Kiri province and the city of Senmonorom Mondolkiri (Sen Monorom) within Kratie province. CRBC was the EPC contractor responsible for implementation. The project was supervised by Guangzhou Wanan Construction Supervision Company. Rehabilitation works began on February 14, 2008, and the road was inaugurated on January 31, 2012.

Additional details

1. This project is also known as the Project Rehabilitating the National Road No76 Junction of the NR No.7 at Snuol to Senmonorom Mondolkiri (127 km). The Chinese project title is 柬埔寨76号公路项目 or 克松至森莫诺隆76号国道 or 柬埔寨76号国道斯努至森莫诺隆段改建工程. 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. 3. A groundbreaking ceremony for the National Road No. 76 (NR 76) Extension Project was also held on January 31, 2012. It was funded by a separate $89,273,400 China Eximbank preferential buyers' credit (captured via Project ID#32155). 4. On January 22, 2007, China Eximbank committed to providing a $207 million loan package for the “two bridges and two roads” project (involving Prek Tamaek Bridge, Prek Kdam Bridge, National Road No. 6, and National Road No. 8 (captured via Project ID#32113). The project captured via Project ID#32153 is a partial fulfillment of that commitment.

Number of official sources

10

Number of total sources

17

Download the dataset

Details

Cofinanced

No

Direct receiving agencies [Type]

Government of Cambodia [Government Agency]

Implementing agencies [Type]

China Road & Bridge Corporation (CRBC) [State-owned Company]

Guangzhou Wanan Construction Supervision, Co. Ltd. [State-owned Company]

Loan Details

Maturity

20 years

Interest rate

2.0%

Grace period

7 years

Grant element (OECD Grant-Equiv)

51.7588%

Bilateral loan

Export buyer's credit

Investment project loan

Preferential Buyer's Credit