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Overview

China Eximbank provides RMB 388.7 million government concessional loan for Eighth Cambodia-China Friendship Bridge Stung Treng-Krouch Chhmar (Phase 1 of National Road No. 71 C) Project (Linked to Record ID#92544)

Commitments (Constant USD, 2023)$61,220,152
Commitment Year•2017Country of Activity•CambodiaDirect Recipient Country of Incorporation•CambodiaSector•Transport And StorageFlow Type•Loan

Status

Project lifecycle

Completion

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date
May 16, 2017
Start (actual)
Feb 9, 2018
End (actual)
Nov 23, 2021
First repayment
Dec 31, 2023
Last repayment
Dec 27, 2036

Geospatial footprint

Map overview

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The purpose of the project is to construct a 1.13 km reinforced concrete bridge — that crosses the Mekong River — and an 8.3-km connecting road. The Stung Trang-Kroch Chhmar Bridge is 13.5 meters wide and 15 meters high and it located in Boeung Deng Village, Prek Kak Commune, Stung Trang District, and Kampong Cham Province. This project is considered to be the first phase of the National Highway No. 71C, which will run from Stung Treng district in Tbong Khmum Province to Chamka Leu district in Kampong Cham Province. More detailed locational information can be found at https://www.openstreetmap.org/way/666835788

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

State-owned Policy Banks

  • Export-Import Bank of China (China Eximbank)

Receiving agencies

Government Agencies

  • Cambodian Ministry of Economy and Finance

Implementing agencies

State-owned companies

  • Shanghai Construction Engineering Group (SCG) (上海建工)

Loan desecription

China Eximbank provides RMB 388.7 million government concessional loan for Eighth Cambodia-China Friendship Bridge Stung Treng-Krouch Chhmar (Phase 1 of National Road No. 71 C) Project

Grace period•7 yearsGrant element•61.4196%Interest rate (t₀)•1.25%Interest type•Fixed Interest RateMaturity•20 years

Narrative

Full Description

Project narrative

On May 16, 2017, at the 2017 “Belt and Road” International Cooperation Summit Forum and under the joint witness of Chinese Premier Li Keqiang and Prime Minister Hun Sen of the Royal Government of Cambodia, China Eximbank and the Government of Cambodia's Ministry of Economy and Finance signed an RMB 388,762,000 government concessional loan (GCL) agreement for the Eighth Cambodia-China Friendship Bridge Stung Treng-Krouch Chhmar (Phase 1 of National Road No. 71 C) Project. The GCL carried the following terms: 20-year maturity, 7-year grace period, and 1.25% interest rate. The proceeds of the GCL were to be used by the borrower to finance an EPC (commercial) contract with Shanghai Construction Group (SCG). The purpose of the project is to construct a 1.13 km reinforced concrete bridge — that crosses the Mekong River — and an 8.3-km connecting road. The Stung Trang-Kroch Chhmar Bridge is 13.5 meters wide and 15 meters high and it located in Boeung Deng Village, Prek Kak Commune, Stung Trang District, and Kampong Cham Province. This project is considered to be the first phase of the National Highway No. 71C, which will run from Stung Treng district in Tbong Khmum Province to Chamka Leu district in Kampong Cham Province. SCG was the EPC contractor responsible for implementation. On May 16, 2016, an inspection of National Highway No. 71C was undertaken to gauge the feasibility of building and repairing the road. The project officially commenced on February 9, 2018, and construction was originally expected to be complete in early 2021. As of February 2020, the project was 84% complete. As of July 3, 2020, the project was 87% complete. As of December 7, 2020, the project was 96.4% complete. On November 23, 2021, Cambodian Prime Minister Samdech Techo Hun Sen cut the ribbon to inaugurate the Eighth Cambodia-China Friendship Bridge.

Staff comments

The project is also known as the Eighth Cambodia-China Friendship Bridge or Stung Trang-Krauch Chhmar Bridge Over Mekong River Project, Phase Ⅰ of the National Road 71C Project, the Stueng Trang - Krouch Chhmar Bridge Project, or the Stueng Trang-Grochma Bridge and Connecting Road Project. The Chinese project title is 柬斯登特朗-格罗奇马湄公河大桥项目 or 第八座柬中友谊大桥 or 71C号国家公路项目一期工程. The second phase of the project is captured in Record ID#92544. The China Eximbank loan that supported this project is not included in the Overseas Development Finance Dataset that Boston University’s Global Development Policy Center published in December 2020.