Chinese Government provides $14.7 million interest-free loan loan for Pakmong-Nateuy Section of No. 13 Road (NR13) Extension Project (Linked to Project ID#64756, #38597)
Commitment amount
$ 22079547.709639445
Adjusted commitment amount
$ 22079547.71
Constant 2021 USD
Summary
Funding agency [Type]
China Ministry of Commerce [Government Agency]
Recipient
Laos
Sector
Transport and storage (Code: 210)
Flow type
Loan
Level of public liability
Central government debt
Infrastructure
Yes
Category
Project lifecycle
Geography
Description
On March 30, 2008, the Chinese Government and the Government of Laos signed an exchange of letters regarding the North Section of Pakmong-Nateuy Highway (No. 13) Extension Project. China’s Ministry of Commerce (MOFCOM) issued a $15.7 million grant (captured in Project ID#64756) and a $14.7 million interest-free loan (Project ID#64757) in support of the project. The purpose of the project was to restore a 78.8 km stretch of No. 13 Road (NR13) that runs from the Nam Ko bridge in the city of Muang Xay within Oudomxay Province (at K86+000) to the village of Nateuy in Luang Prabang Province (at K164+776.765). China Railway Third Survey and Design Institute Group Co., Ltd. was the contractor responsible for project design. Yunnan Sunshine Road and Bridge Co., Ltd was the contractor responsible for project implementation. Construction began on on May 30, 2009. Then, a formal groundbreaking ceremony took place June 22, 2009. MOFCOM conducted an on-site inspection in July 2011 and construction ended on December 31, 2011. The project passed final inspection on March 29, 2012. China Eximbank also financed the Oudomxay-Pakmong Section of No. 13 Road (NR13) Rehabilitation Project (see Project ID#38597).
Additional details
1. This project is also known as the National Road No. 1A Renovation Project, the Laos Phôngsali Province Boun Neua - Lantui 1A Road Construction Project, or the Laos Phôngsali Province Boun Neua - Lantouy 1A Road Construction Project. The Chinese project title is 老挝丰沙里省本怒至兰堆1A道路建设修整项目 or 丰沙里省国道扩建工程 or 老挝1A道路改造项目. 2. 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.
Number of official sources
9
Number of total sources
16
Details
Cofinanced
No
Direct receiving agencies [Type]
Government of Laos [Government Agency]
Implementing agencies [Type]
Yunnan Sunny Road & Bridge Co.. Ltd. [State-owned Company]
Third Railway Survey and Design Institute Group Corporation (TSDI) [State-owned Company]
Loan Details
Maturity
20 years
Interest rate
0.0%
Grace period
10 years
Grant element (OECD Grant-Equiv)
71.6021%