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 #32113, #32155)

Commitment amount

$ 81038481.76

Constant 2017 USD

Summary

Funding agency [Type]

Export-Import Bank of China [State-owned Policy Bank]

Recipient

Cambodia

Sector

Transport and storage (Code: 210)

Flow type

Export Buyer's Credit

Concessional

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 year

2007

Implementation

2008

2008-02-14

Actual start

Completion

2012

2012-01-31

Actual

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.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 (see Project ID#32155).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; see linked umbrella Project ID#32113). This project is a partial fulfillment of that commitment.

Additional details

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.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.

Number of official sources

10

Number of unofficial sources

7

Download the dataset

Details

Cofinanced

No

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 type

Concessional

Maturity

20 years

Interest rate

2.0%

Grace period

7 years

Grant element

56.00770973%

Gurarantee provided

No

Insurance provided

No