China Eximbank provides $78.1 million preferential buyer’s credit for National Road No. 44 (NR 44) Rehabilitation Project

Project narrative

On June 13, 2012, China Eximbank and the Government of Cambodia signed a $78,192,000 preferential buyer’s credit (PBC) agreement for the National Road No. 44 (NR 44) Rehabilitation Project. The PBC carried the following terms: 20-year maturity, 7-year grace period, and 2% interest rate. The proceeds of the PBC were to be used by the borrower to partially finance an EPC (commercial) contract with China Road and Bridge Corporation (CRBC). The purpose of the project was to rehabilitate a 139.61 km segment of National Road No. 44 (NR 44) that crosses Kampong Speu Province and connects to National Road No. 4 (NR 4) and National Road No. 5. The road runs from km No.48 of NR 4 to km 39 of NR 5. It passes through Chbar Mon city and three districts of Kampong Speu Province (Chbar Mon, Aural, and Udong). The project sought to expand the width of the road to 11 meters to improve transportation conditions and accessibility. CRBC was the EPC contractor responsible for implementation. The project was supervised by Guangzhou Wanan Construction Supervision Company. A groundbreaking ceremony was held on May 6, 2013, and the project was completed on August 2, 2016 ("我优买资金支持的柬埔寨44号公路项目开工").