Active Mixed AidData Chinese Aid

China Eximbank provides $57.1 million preferential buyer’s credit for National Road No. 31 Reconstruction and Upgrading Project

$57.17M USD

Funder	Export-Import Bank of China (China Eximbank)
Recipient Organization	Government of Cambodia
Country	Cambodia
Start Date	Apr 12, 2022
End Date	Jul 23, 2033
Duration	4,120 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`105091`

Grant Description

China Eximbank provides $57.1 million preferential buyer’s credit for National Road No. 31 Reconstruction and Upgrading Project On April 12, 2022, China Eximbank and the Government of Cambodia signed a $57,171,000 China Eximbank preferential buyer’s credit (PBC) agreement for the National Road No. 31 Reconstruction and Upgrading Project.

📋 Loan / Grant Terms

💰 Loan Amountcarries the following borrowing terms: a 2% interest rate

📅 Maturity20 years

⏳ Grace Period7 years

💹 Interest Rate2%

The borrower is expected to use the proceeds of the loan to finance a commercial contract with China Road and Bridge Corporation (CRBC).

During calendar years 2022 and 2023, China Eximbank disbursed $14,434,200 and $3,000,00, respectively, in support of the National Road No. 31 Reconstruction and Upgrading Project. As of early 2024, the lender planned to disburse $19,868,400 in 2024 and $19,868,400 in 2025.

The purpose of the project is to build, expand and upgrade National Road No. 32 (NR32), a 53.53 km road that runs from the junction of National Road No. 3 (NR3) at Bek Kous point to the Kampong Trach district town (market) at the junction of National Road No. 33 (NR33).

The project scope includes (1) widening the body of the road to 12 meters (AC concrete floor, 7 cm thick) according to Chinese standards, (2) building a new, 60 meter bridge, (3) building sewers in 126 places that measure 1762.5 meters in length, (4) building drainage in 8 places, and (5) equipping the road with speed cameras in 5 places.

CRBC is the EPC contractor responsible for project implementation. Guangzhou Wanan Construction Supervision Co., Ltd. is responsible for project supervision. A groundbreaking ceremony took place on December 30, 2022.

The project’s originally scheduled commencement and completion dates were May 1, 2022 and September 30, 2025, respectively.

📋 Staff Comments

1. The Chinese project title is 31号公路升级改造工程.

📚 Sources & References

驻柬埔寨大使王文天同洪森首相共同出席31号和33号公路升级改造项目开工典礼
National Road No. 31 and No. 33 in Kampot and Kep Provinces with a Length of More Than 106 Kilometers
柬埔寨首相洪森出席31、33号公路升级改造项目开工典礼
Two More Roads to be Upgraded with China’s Financial Assistance
Work on China-funded national roads begins in Cambodia's southwestern provinces
Ground Broken on NR31 & NR33 Expansion Project
National Road No. 31 restoration and quality improvement project achieves 100%
Project status report for $57.1 million preferential buyer’s credit for National Road No. 31 Reconstruction and Upgrading Project generated on 4/11/2025
National Road No .31 Reconstruction and Upgrading Project Loan applications and disbursements are still being received and processed as the projects continue to evolve. Ongoing monitoring and evaluation are in place to ensure project continuity.