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Overview

China Eximbank pledges preferential loan for National Road No. 10 Construction Project

Commitment Year•2019Country of Activity•CambodiaDirect Recipient Country of Incorporation•CambodiaSector•Transport And StorageFlow Type•Loan

Status

Project lifecycle

Implementation

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date
Jan 1, 2019
Start (actual)
Mar 9, 2020
End (planned)
Dec 31, 2023

Geospatial footprint

Map overview

Visualizes the AidData-provided feature geometry for this project.

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The purpose of this project was to fund the construction of National road 10 More detailed location information can be found at: https://www.openstreetmap.org/directions?engine=fossgis_osrm_car&route=12.6227%2C102.8524%3B11.6813%2C103.0258#map=9/12.1199/102.7771

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

  • Government of Cambodia

Implementing agencies

State-owned companies

  • China Road & Bridge Corporation (CRBC)

Loan description

China Eximbank pledges preferential loan for National Road No. 10 Construction Project

Interest type•Unknown

Narrative

Full Description

Project narrative

In 2019, the Chinese Government began negotiations with the Government of Cambodia for the for National Road No. 10 Construction Project. At the time, China Eximbank was expected to provide a preferential loan to at least partially if not fully cover the total project cost equal to $118 million. It is unclear whether these funds were ever formally committed. The borrowing terms are unknown. The purpose of this project is to build a 199 km road that starts in Samlot District in Battambang Province, passes through Veal Veng District in Pursat Province, and then ends in Koh Kong Province. China Road and Bridge Corporation (CRBC) is the (EPC) contractor responsible for implementation. On March 9, 2020, Chinese Ambassador Wang Wentian attended the opening ceremony for this project. The project was expected to achieve completion by December 2023. As of March 2022, the project was 60% completed.