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China Eximbank provides RMB 1.165 billion government concessional loan for Sihanoukville-Hong Kong Submarine Cable Project
| Funder | Export-Import Bank of China (China Eximbank) |
|---|---|
| Recipient Organization | Government of Cambodia |
| Country | Cambodia |
| Start Date | Jan 01, 2023 |
| End Date | Jul 20, 2026 |
| Duration | 1,296 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 106739 |
Grant Description
China Eximbank provides RMB 1.165 billion government concessional loan for Sihanoukville-Hong Kong Submarine Cable Project In 2023, China Eximbank and the Government of Cambodia signed an RMB 1,165,995,000 government concessional loan (GCL) agreement for the Sihanoukville-Hong Kong Submarine Cable Project.
The borrower expects to repay the loan with the proceeds from the sale of internet services.
During calendar year 2023, China Eximbank disbursed RMB 232,220,000 in support of the Sihanoukville-Hong Kong Submarine Cable Project. As of early 2024, the lender planned to disburse RMB 466,887,500 in 2024 and RMB 466,887,500 in 2025.
The purpose of the project is to construct a 2,715-kilometer submarine fiber optic cable from Hong Kong to Sihanoukville.
The project also involves the construction of an optical cable landing station in Koki village, Bit Trang commune, and Prey Nob district.
Upon completion, the cable is expected to replace an existing one and make Cambodia’s internet services faster and cheaper.
CRCC Harbor & Channel Engineering Bureau Group Co., Ltd is the contracted construction firm and Creative Green Research Co., Ltd is a consultation firm. Their work is being oversee by Cambodia’s Ministry of Posts and Telecommunications.
In February 2022, an inter-ministerial working group gave the green light for the construction of the submarine fiber optic cable after reviewing the project’s Environmental and Social Impact Assessment (ESIA) report.
However, the inter-ministerial working group did ask CRCC Harbor & Channel Engineering Bureau Group Co., Ltd to reduce the impact on marine biodiversity as much as possible when digging on the seabed.
The inter-ministerial group also asked CRCC Harbor & Channel Engineering Bureau Group Co., Ltd to prepare a solid and liquid waste management plan in accordance with the technical specifications and must study carefully the coral system in the area. Project implementation officially commenced on February 17, 2023.
The project was originally scheduled for completion in 2024.
Staff Comments
1. The Chinese project title is 柬埔寨西港—中国香港海底光缆项目.
Sources & References
- Hong Kong-S’ville Submarine Fibre Optic Cable Online in 2024: Minister
- Cambodia announces submarine cable upgrade
- ODA Cambodia Record for Sihanoukville-Hong Kong Submarine Cable Project May 2023
- 柬埔寨西港—中国香港海底光缆项目正式启动！
- 香港-西港海底光缆项目将于2024年完工
- Hong Kong-Sihanoukville Submarine Fiber Optic Cable Project launched
- Cambodia Asks China to Support Seven Prioritised Infrastructure Development Projects for 2022-2024
- Gov’t Gives Green Light to Hong Kong-SHV Submarine Fibre Optic Cable Project
- Hong Kong-S’ville submarine fibre optic cable online in 2024: minister
- China Unicom to Lay Subsea Fiber Cable Linking Hong Kong and Cambodia
- Kingdom starts Hong Kong-SHV
- SHV-PP seabed fiber optic internet project
- January 2024 ODA Cambodia Record for Sihanuokville-Hongkong Submarine Cable
- Construction and configuration Submarine Cable network from Sihanoukville (Cambodia) to Hong Kong (China) 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.
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Government of Cambodia
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