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Overview

Chinese Government provides $2,558,125 interest-free loan for 1st Cambodia-China Friendship (Sekong) Bridge Construction Project (Linked to Record ID#61165, #61166, #32077)

Commitments (Constant USD, 2023)$5,381,620
Commitment Year2004Country of ActivityCambodiaDirect Recipient Country of IncorporationCambodiaSectorTransport And StorageFlow TypeLoan

Status

Project lifecycle

Completion

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date
Jan 1, 2004
Start (actual)
Nov 18, 2004
End (actual)
Apr 29, 2008
First repayment
Dec 29, 2013
Last repayment
Dec 27, 2023

Geospatial footprint

Map overview

Visualizes the AidData-provided feature geometry for this project.

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The purpose of this project was to construct a 1056.84 meter bridge over the Sekong River — knnown as the 1st Cambodia-China Friendship Bridge and the Sekong Bridge —near the town of Stung Treng. The bridge links Stung Treng Province to National Road No.7 (AH11) that goes all the way from Skuon to Luang Prabang in Laos. More detailed locational information can be found at https://www.openstreetmap.org/way/51433825#map=16/13.5376/105.9903

Stakeholders

Organizations involved in projects and activities supported by financial and in-kind transfers from Chinese government and state-owned entities

Ultimate beneficial owners

At least 25% host country ownership

Funding agencies

Government Agencies

  • China Ministry of Commerce

Receiving agencies

Government Agencies

  • Government of Cambodia

Implementing agencies

State-owned companies

  • Shanghai Construction Group General Co.

Loan desecription

Chinese Government provides $2,558,125 interest-free loan for 1st Cambodia-China Friendship (Sekong) Bridge Construction Project

Grace period10 yearsGrant element75.0516%Interest rate (t₀)0%Interest typeFixed Interest RateMaturity20 years

Narrative

Full Description

Project narrative

In 2004, the Chinese Government and the Government of Cambodia signed a $2,558,125 interest-free loan agreement for the 1st Cambodia-China Friendship (Sekong) Bridge Construction Project . The purpose of this project was to construct a 1056.84m bridge over the Sekong River — known as the 1st Cambodia-China Friendship Bridge and the Sekong Bridge —near the town of Stung Treng. The bridge links Stung Treng Province to National Road No.7 (AH11) that goes all the way from Skuon to Luang Prabang in Laos. The total project cost was $15 million USD . Shanghai Construction Group (SCG) was the contractor responsible for implementation. On November 18, 2004, a groundbreaking ceremony was held for the construction of National Road No.7 and the Sekong Bridge. Then, in 2006, Cambodian Prime Minister Hun Sen visited the construction site and suggested that the bridge be named the ‘Cambodia-China Friendship Bridge’. On April 29, 2008, an inauguration ceremony was held for National Road No.7 and the Sekong Bridge . This project is closely related to the Kratie-Trapeang Kriel Section of National Road No.7 (NR 7) Rehabilitation Project, for which the Chinese Government and the Government of Cambodia signed letters of exchange regarding a $60,980,000 loan on November 2, 2002 (captured in linked Record ID#61165). The loan proceeds were drawn in part from an economic and technical cooperation agreement (ETCA) that the parties signed on November 27, 2003, which is captured in linked Record ID#32077. Also on November 2, 2002, the Chinese Government and the Government of Cambodia signed a $2,430,000 grant agreement for the Kratie-Trapeang Kriel Section of National Road No.7 (NR 7) Rehabilitation Project (captured in Record ID#61166).

Staff comments

1. The Chinese project title is 中柬友好第一桥 or 湄公河西公大桥 or 湄公河大桥. The Khmer project title is ស្ពានសេកុង ខេត្តស្ទឹងត្រែង. 2. Since loan terms for the interest-free loan are unavailable, AidData has set maturity period to 20 years by default and grace period to 10 years by default per China's Foreign Assistance White Paper (http://www.cidca.gov.cn/2018-08/06/c_129925064_3.htm) which states that the maturity period of interest-free loans is 20 years, with a drawdown period of 5 years, grace period of 5 years, and repayment over 10 years. AidData treats the drawdown period as providing 5 years of additional grace.