Project ID: 35687

China Eximbank provides $31.9 million preferential buyer’s credit for 4th China-Cambodia Friendship-Takhmao Bridge Project

Commitment amount

$ 38670691.59

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

2011-06-06

Actual start

Completion

2014

2014-04-03

Actual

Geography

Description

On December 13, 2010, China Eximbank and the Government of Cambodia signed a $31,995,392 preferential buyer’s credit (PBC) agreement for the 4th China-Cambodia Friendship-Takhmao Bridge Project. 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 used to partially finance an EPC contract with Shanghai Construction Group (SCG). The purpose of this project was to construct a bridge across the Bassac River in Kandal Province connecting National Road No. 2 (NR 2) on the west side of the river to National Road No. 1 (NR 1) in the east side of the river. The bridge, which was designed to be 855 meters long and 13.5 meters wide, is located about 13 kilometers southeast of the capital Phnom Penh. The connecting road is 11.1 kilometers long and an important part of the No. 2 ring road in Phnom Penh.SCG was the EPC contractor responsible for implementation. A formal groundbreaking ceremony was held on July 6, 2011 (see '集团承建的柬埔寨达克茂大桥项目开建”), and the project was completed on April 3, 2014 ('我优买信贷支持的巴萨河达克茂大桥顺利合龙'). On August 3, 2015, a formal bridge inauguration ceremony was held ('柬首相洪森出席我优买项目通车仪式”).The loan for this project is part of the $100 million of preferential loans that were pledged by the Chinese Government on January 15, 2007. Another project related to the pledge is the construction of National Road No. 57 (captured in Project ID#32105).

Additional details

This project is also known as the 855m Takhmao Bridge over Tonle Bassac River and its Connecting Road Project or the Takmao Bridge Project. The Chinese project title is 巴萨河达克茂大桥.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

14

Number of unofficial sources

7

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Details

Cofinanced

No

Receiving agencies [Type]

Government of Cambodia [Government Agency]

Implementing agencies [Type]

Export-Import Bank of China [State-owned Policy Bank]; Shanghai Construction Group General Co. [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