China Eximbank pledges $50 million Preferential Buyer's Credit loan for National Broadband Project
Pledged amount
$ 56113778.47894762
Adjusted pledged amount
$ 56113778.47894762
Constant 2021 USD
Not recommended for aggregates
This project is not recommended for use in creating aggregated sums. See the documentation for more information about this criteria.
Summary
Funding agency [Type]
Export-Import Bank of China (China Eximbank) [State-owned Policy Bank]
Recipient
Cambodia
Sector
Communications (Code: 220)
Flow type
Loan
Level of public liability
Central government debt
Infrastructure
Yes
Category
Project lifecycle
Description
On February 13, 2015, the Export and Import Bank of China agreed to lend Cambodia $50 million USD to finance a national broadband network project. The loan will be given to the Cambodian government under a Preferential Buyer's Credit facility to finance the construction of the core components of a nationwide high speed optical network. According to the bank, this would promote connectivity between the two countries, which is in line with China's initiative to build the Silk Road Economic Belt and the 21st Century Maritime Silk Road.
Number of official sources
1
Number of total sources
6
Details
Cofinanced
No
Direct receiving agencies [Type]
Government of Cambodia [Government Agency]