Completed Development AidData Chinese Aid

Chinese Government provides RMB 24 million interest-free loan — via ETCA — for Mao Tse Toung Boulevard Resurfacing Project (Linked to Record ID#32025)

¥24M RMB

Funder	China Ministry of Commerce
Recipient Organization	Government of Cambodia
Country	Cambodia
Start Date	Feb 20, 2002
End Date	Jan 26, 2032
Duration	10,932 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`32021`

Grant Description

Chinese Government provides RMB 24 million interest-free loan — via ETCA — for Mao Tse Toung Boulevard Resurfacing Project On February 20, 2002. the Chinese Government and the Government of Cambodia signed an exchange of letters regarding an RMB 24 million interest-free loan for the Mao Tse Toung Boulevard Resurfacing Project.

The loan proceeds were drawn from an economic and technical cooperation agreement (ETCA) that the parties signed on December 24, 2001 (see Record ID#32025). The purpose of the project was to resurface 5.1 km of Mao Tse Toung Boulevard in the capital city of Phnom Penh.

It also involved repairs to footpaths, signs and road markings, traffic signals, and the drainage system of Mao Zedong Boulevard. China Geo-Engineering Corporation was the contractor responsible for implementation. The project commenced on October 4, 2002 and ended on April 25, 2003.

📋 Staff Comments

This project is also known as the Repairing the Surface of Mao Tsetung Blvd. Project or the Mao Zedong Boulevard Resurfacing Project.
Since the borrowing terms of the interest-free loan are unavailable, AidData has set maturity= to 20-years by default and grace period to 10-years by default, per China's Foreign Assistance White Paper (http://www.cidca.gov.cn/2018-08/06/c_129925064_3.htm) which states that the maturity of interest-free loans is 20-years, with a drawdown period of 5-years, grace period of 5-years, and repayment over 10-years. AidData treats the drawdown period as providing 5-years of additional grace.

📚 Sources & References

China to help repair road in Cambodia's capital.
China to Help Repair Mao Zedong Boulevard in Phnom Penh
China’s Relations with Laos and Cambodia
INVENTORY OF ODA SUPPORTED PROGRAMS/PROJECTS BY DONOR: 2002
Annual Report 2002
INVENTORY OF ODA SUPPORTED PROGRAMS/PROJECTS BY DONOR: 2002 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.

All Grantees

Government of Cambodia

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