Project ID: 32168

China Eximbank provides RMB 629 million government concessional loan for National Road No. 57B (NR 57B) Rehabilitation Project

Commitment amount

$ 120055001.1

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

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

2009

Implementation

2011

2011-03-21

Actual start

Completion

2014

2014-03-10

Actual

Geography

Description

On December 21, 2009, China Eximbank and the Government of Cambodia signed an RMB 629,091,787 government concessional loan (GCL) agreement for the National Road No. 57B (NR 57B) Rehabilitation Project. The borrowing terms of the GCL are as follows: 20-year maturity, 7-year grace period, and 1.25% interest rate. The proceeds from the GCL were used to finance an EPC contract with China Road and Bridge Corporation (CRBC).The purpose of the project was to rehabilitate three segments of National Road No. 57B (NR 57B) measuring 176.39 km in length: Thmor-Kol-Bavel-Sampov Loun; Baval-Phum Samseb-Phnom Prik; and Phnum Samset-Kamrieng-O Da. NR 57B is connected to National Road No. 5 (NR 5) in Battambang Province.CRBC was the EPC contractor responsible for project implementation. The project was supervised by Guangzhou Wanan Construction Supervision Company. A groundbreaking ceremony was held on March 21, 2011. The project was officially completed and the road was opened to traffic on March 10, 2014.

Additional details

The Chinese project title is 柬57B号公路修复项目.

Number of official sources

17

Number of unofficial sources

7

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Details

Cofinanced

No

Receiving agencies [Type]

Government of Cambodia [Government Agency]

Implementing agencies [Type]

China Road & Bridge Corporation (CRBC) [State-owned Company]; Government of Cambodia [Government Agency]; Guangzhou Wanan Construction Supervision, Co. Ltd. [State-owned Company]

Loan type

Concessional

Maturity

20 years

Interest rate

1.25%

Grace period

7 years

Grant element

61.41959185%

Gurarantee provided

No

Insurance provided

No