Project ID: 33092

China Eximbank provides $44.9 million preferential buyer’s credit for National Road No. 41 (NR 41) Construction Project (Junction NR4 Thnal Toteung-Chum Kiri Section)

Commitment amount

$ 54294218.61

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

2010

Implementation

2011

2011-05-18

Actual start

Completion

2015

2015-06-29

Actual

Geography

Description

On December 13, 2010, China Eximbank provided a $44,992,000 preferential buyer’s credit (PBC) agreement for National Road No. 41 (NR 41) Construction Project (Junction NR4 Thnal Toteung-Chum Kiri Section). The borrowing terms of the loan were as follows: 20-year maturity, 7-year grace period, 2% interest rate. The proceeds of the loan were to be used by the borrower to partially finance an EPC contract with China Road & Bridge Corporation (CRBC).The purpose of this project was to construct a 95.28 km segment along National Road No. 41 (NR 41) that runs from the junction of National Road No.4 (NR 4) in Thnal Toteung to Chum Kiri District (Khmer: ស្រុកជុំគីរី) in Kampot Province. This road connects the Cambodian capital of Phnom Penh with the country’s southwestern coastal area.CRBC was the EPC contractor responsible for implementation. Guangzhou Wanan Construction Supervision Company was the contractor responsible for project supervision. The groundbreaking ceremony was held on May 18, 2011, and the project was completed on June 29, 2015.

Additional details

This project is also known as the Construction of National Road No. 41 (NR 41) from Junction NR4 Thnal Toteung-Chum Kiri Project. The Chinese project title is 柬埔寨41号公路.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

13

Number of unofficial sources

4

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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]; 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