CDB provides RMB 457,390,000 loan for Battambang Conch Cement Plant Project (Linked to Project ID#62464)
Commitment amount
$ 77998095.11857706
Adjusted commitment amount
$ 77998095.12
Constant 2021 USD
Summary
Funding agency [Type]
China Development Bank (CDB) [State-owned Policy Bank]
Recipient
Cambodia
Sector
Industry, mining, construction (Code: 320)
Flow type
Loan
Level of public liability
Private debt
Infrastructure
Yes
Category
Project lifecycle
Geography
Description
On June 23, 2017, Bank of China Jinbian Branch issued an RMB 130,690,000 ($20 million) to Battambang Conch Cement Co., Ltd for the Battambang Conch Cement Plant Project. This loan, which is captured in linked ProjectID#62464, had a 1-year maturity. Then, on August 28, 2017, China Development Bank also issued an RMB 457,390,000 loan with a 10-year maturity for the same project (as captured in this project). Anhui Conch Cement Company, the parent company of Battambang Conch Cement Co., Ltd — a a joint venture between Chinese firm Conch International Holdings (HK) and Cambodian cement company Battambang KT Cement Co., Ltd — provided a guarantee for these loans. The construction of the cement plant in Ratanak Mondol district and Battambang Province was completed on June 1, 2018. It has the capacity to produce 5,000 tons of cement per day.
Number of official sources
6
Number of total sources
10
Details
Cofinanced
No
Direct receiving agencies [Type]
Battambang Conch Cement Co., Ltd [Joint Venture/Special Purpose Vehicle]
Implementing agencies [Type]
Anhui Conch Cement Company [State-owned Company]
Battambang Conch Cement Co., Ltd [Joint Venture/Special Purpose Vehicle]
Guarantee provider [Type]
Anhui Conch Cement Company [State-owned Company]
Loan Details
Maturity
10 years