Project ID: 38851

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

Commitment amount

$ 5057312.985

Constant 2017 USD

Summary

Funding agency [Type]

China Ministry of Commerce [Government Agency]

Recipient

Cambodia

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

2004

Completion

2008

2008-04-29

Actual

Geography

Description

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 (See: China’s Foreign Aid for Road and Bridge Construction in Cambodia; GSJ: Volume 9, Issue 5, May 2021, Online: ISSN 2320-9186). 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 (See: Overview on Transport Infrastructure Sectors in the Kingdom of Cambodia (5th Edition), pg.19).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 (see '柬埔寨政府首相洪森亲自主持中援7号公路及中柬友好第一桥竣工通车仪式').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 Project 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 ProjectID#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 Project ID#61166).

Additional details

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. 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.

Number of official sources

7

Number of unofficial sources

5

Download the dataset

Details

Cofinanced

No

Receiving agencies [Type]

Government of Cambodia [Government Agency]

Implementing agencies [Type]

Shanghai Construction Group General Co. [State-owned Company]

Loan type

Interest-Free

Maturity

20 years

Interest rate

0.0%

Grace period

10 years

Grant element

75.05159755%

Gurarantee provided

No

Insurance provided

No