Bank of China provides RMB 130,690,000 loan for Battambang Conch Cement Plant Project (Linked to Project ID#62459)
Commitment amount
$ 22286388.095600765
Adjusted commitment amount
$ 22286388.1
Constant 2021 USD
Summary
Funding agency [Type]
Bank of China (BOC) [State-owned Commercial 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 (BOC), Jinbian Branch issued an RMB 130,690,000 ($20 million) to Battambang Conch Cement Co., Ltd — a joint venture between Chinese firm Conch International Holdings (HK) (which is owned by Anhui Conch Cement Company Limited) and Cambodian cement company Battambang KT Cement Co., Ltd — for the Battambang Conch Cement Plant Project. This loan, which is captured in this project, 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 (captured in Project ID#62459). Anhui Conch Cement Company Limited issued a full guarantee for these loans, while Battambang KT Cement Co., Ltd. provided an equity pledge. 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
5
Number of total sources
11
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]
Collateral provider [Type]
Battambang KT Cement Co., Ltd. [Private Sector]
Collateral
An equity pledge from Battambang KT Cement Co., Ltd
Loan Details
Maturity
1 years