China Eximbank provides $9.4 million preferential buyer's credit for National Road No. 61 (NR. 61) Rehabilitation Project (Linked to Project ID#61163, #61164)

On October 27, 2010, China Eximbank and the Government of Cambodia signed a $9,494,528 preferential buyer's credit (PBC) agreement for the National Road No. 61 (NR. 61) Rehabilitation Project. The borrowing terms of the PBC 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 finance 95% of the cost of an EPC contract with Shanghai Construction Group (SCG).The National Road No. 61 (NR. 61) Rehabilitation Project was part of a larger initiative that was implemented in three phases (through three separate projects). It was referred to as “Phase 1” of the larger initiative, and it involved the rehabilitation of a 16 km segment of the NR. 61 that connects Prek Kdam Bridge to a junction along National Road 6 (NR 6) in Thnol Keng village of Kampong Cham's Batheay district. The goal of the project was to facilitate traffic by widening the road to 11.5 meters.SCG was the EPC contractor responsible for implementation. The project was supervised by Guangzhou Wanan Construction Supervision Company. Construction began on June 1, 2010 and the planned construction period was 24 months. The project was ultimately completed on June 28, 2014.China Eximbank also financed Phase 2 (also known as The Enlargement Project of Siem Reap - Kampong Cham Segment of National Road No. 6A Project or 援柬埔寨国家6A号公路) and Phase 3 (also known as the Reconstruction Project of Thnal Kaeng to Ang Kroeung Segment of National Road No. 6 Project or 扩修6号公路磅湛省巴提县弯路至暹粒省安格隆地区路段) of the larger initiative. Phase 2 is captured in Project ID#61163 and Phase 3 is captured in Project ID #61164. The loan (PBC) agreements for all three phases were signed on June 13, 2012.

Additional details

This project is also known as the Prek Kdam-Thnol Keng Segment of the National Road No. 61 (NR. 61) Rehabilitation Project, the NR.61 (Prek Kdam-Thnol Keng NR.6A) Project, and the Thnal Keang-Prek Kdam Bridge Road Rehabilitation Project.The China Eximbank loan that supported National Road No. 61 (NR. 61) Rehabilitation Project (i.e. Phase 1) 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

3