China Eximbank provides $242.2 million preferential buyer's credit for Thnal Kaeng-Ang Kroeung Segment of National Road No. 6 (NR 6) Reconstruction Project (Linked to Project ID#38722, ID#61163)

On June 13, 2012, China Eximbank and the Government of Cambodia signed a $242,269,000 preferential buyer's credit (PBC) agreement for the Thnal Kaeng-Ang Kroeung Segment of the National Road No. 6 (NR 6) Reconstruction 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 partially finance a $255 million EPC contract with Shanghai Construction Group (SCG). The Thnal Kaeng-Ang Kroeung Segment of the National Road No. 6 (NR 6) Reconstruction Project was part of a larger initiative that was implemented in three phases (through three separate projects). It was referred to as “Phase 3” of the larger initiative. It involved the expansion of a 248.525 km of NR 6 between Thnal Kaeng (Thnol Kaing) and Ang Kroeung. More specifically, it involved an expansion of three segments of NR 6: a 28.725 km segment between Thnal Kaeng District and Skun District in Kampong Thom Province; a 102.9 segment between Skun District to Stueng Saen District in Kampong Thom Province; and 116.9 km segment between Stueng Saen District and Ang Kroeung District in Siem Reap Province. The ultimate objective of Phase 3 was to increase connectivity between the capital city of Phnom Penh and the ancient capital city of Siem Reap and other northwest regions. SCG was the EPC contractor responsible for implementation. The project was supervised by Guangzhou Wanan Construction Supervision Company. Construction officially started on March 5, 2013. The project was completed and the road segment was opened for use on June 11, 2018. China Eximbank also financed Phase 1 (also known as the National Road No. 61 (NR. 61) Rehabilitation Project) and Phase 2 (also known as the Siem Reap-Kampong Cham Segment of the National Road No. 6A (NR 6A) Enlargement Project) of the larger initiative. Phase 1 is captured in Project ID#38722 and Phase 2 is captured in Project #61163. The loan (PBC) agreements for all three phases were signed on June 13, 2012.

Additional details

1. This project is also known as the Reconstruction Project of Thnal Kaeng to Ang Kroeung Segment of National Road No. 6 and the Construction and Rehabilitation of NR 6 (Thnol Kaing-Skun-Kampong ThomAng Kroeung. The Chinese project title is 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 or 柬埔寨国家6号公路改造项目.

Number of official sources

17

Number of total sources

21