Project ID: 38597

China Eximbank provides $82.5 million concessional loan for Oudomxay-Pakmong Section of No.13 Road (NR13) Rehabilitation Project (Linked to Project ID#64756 and ID#64757)

Commitment amount

$ 84026637.12

Constant 2017 USD

Summary

Funding agency [Type]

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

Recipient

Lao People's Democratic Republic

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

2012

Implementation

2014

2014-03-07

Actual start

Completion

2016

2016-06-20

Actual

Geography

Description

In 2012, China Eximbank and the Government of Laos signed a $82.5 million concessional loan for the Oudomxay-Pakmong Section of No. 13 Road (NR13) Rehabilitation Project. The loan carried a 2% interest rate and a 20 year maturity. The purpose of the project was to refurbish the 81.65 km north section of the No.13 Road (NR13), which runs from Pak Mong in Luang Prabang Province to Muang Xay in Oudomasay (Oudomxay) Province. The refurbishment involved upgrading the road surface from one with bituminous surface treatment to asphalt concrete. Yunnan Sunshine Road and Bridge Co., Ltd. and China Railway Third Survey and Design Institute Group Co., Ltd. were the contractors responsible for implementation. A groundbreaking ceremony was held on March 7, 2014, and the project was officially completed and handed over to the Lao Government on June 20, 2016. The Chinese Government also financed the Pakmong-Nateuy Section of No. 13 Road (NR13) Extension Project (see Project ID#64756 and ID#64757).

Additional details

The Chinese project title is North Section of the Pak Mong-Oudomxai Road Refurbishment Project, the Muang Xai-Pa Mong Section Rehabilitation Project of Route 13, the Rehabilitation of Muang Xay-Pakmong Section of Road No.13 Project, or Oudomxay–Pakmong Road Rehabilitation Project. The Chinese project title 老挝北13号公路孟赛-巴蒙段公路修复项目 or 老挝13号公路巴蒙至勐赛段总承包修复项目. 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

7

Number of unofficial sources

13

Download the dataset

Details

Cofinanced

No

Receiving agencies [Type]

Government of Laos [Government Agency]

Implementing agencies [Type]

China Yunnan Sunny Road and Bridge Company [State-owned Company]; Third Railway Survey and Design Institute Group Corporation (TSDI) [State-owned Company]

Loan type

Concessional

Maturity

20 years

Interest rate

2.0%

Grace period

0 years

Grant element

43.74577683%

Gurarantee provided

No

Insurance provided

No