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Overview

Bank of China provides RMB 130,690,000 loan for Battambang Conch Cement Plant Project (Linked to Record ID#62459)

Commitments (Constant USD, 2023)$20,580,359
Commitment Year•2017Country of Activity•CambodiaDirect Recipient Country of Incorporation•CambodiaSector•Industry, Mining, ConstructionFlow Type•Loan

Status

Project lifecycle

Completion

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date
Jun 23, 2017
Start (actual)
Jun 23, 2017
End (actual)
Jun 1, 2018
Last repayment (originally scheduled)
Jan 1, 2018

Geospatial footprint

Map overview

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This project involved the construction of the cement plant in Ratanak Mondol district and Battambang Province. More detailed locational information can be found at https://www.openstreetmap.org/way/706566064

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 ownershipAt least 25% Chinese ownership

Funding agencies

State-owned Commercial Banks

  • Bank of China (BOC)

Receiving agencies

Joint Venture/Special Purpose Vehicles

  • Battambang Conch Cement Co., Ltd

Implementing agencies

Joint Venture/Special Purpose Vehicles

  • Battambang Conch Cement Co., Ltd

State-owned companies

  • Anhui Conch Cement Company

Guarantors

State-owned companies

  • Anhui Conch Cement Company

Collateral providers

Private Sector

  • Battambang KT Cement Co., Ltd.

Loan desecription

Bank of China provides RMB 130,690,000 loan for Battambang Conch Cement Plant Project

Interest type•UnknownMaturity•1 years

Collateral

An equity pledge from Battambang KT Cement Co., Ltd

Narrative

Full Description

Project narrative

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 Record 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.