Completed Mixed AidData Chinese Aid

China Eximbank provides $27.45 million preferential buyer’s credit for Phnom Penh Port New Container Terminal Construction Project

$27.45M USD

Funder	Export-Import Bank of China (China Eximbank)
Recipient Organization	Government of Cambodia
Country	Cambodia
Start Date	Nov 04, 2010
End Date	Jul 29, 2031
Duration	7,572 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`32053`

Grant Description

China Eximbank provides $27.45 million preferential buyer’s credit for Phnom Penh Port New Container Terminal Construction Project On November 4, 2010, China Eximbank and the Government of Cambodia signed a $27,452,416 preferential buyer’s credit (PBC) agreement for the Phnom Penh Port New Container Terminal Construction Project.

📋 Loan / Grant Terms

📅 Maturity20 years

⏳ Grace Period7 years

💹 Interest Rate2%

The proceeds of the PBC were used to partially finance an EPC contract with Shanghai Construction Group.

The purpose of the project was to construct a new container terminal on the Mekong River in Kien Svay district (Khmer: ស្រុកកៀនស្វាយ) within Kandal province, about 21 kilometers south of the city of Phnom Penh. The terminal, which is connected to National Highway No. 1 (NR1), is 300 meters long and 22 meters wide.

It has two berths for 5000-ton freighters.

It was designed to deal with the surge of cargo received by the country’s main port in Phnom Penh, and handle 150,000 TEUs per year in the first stage of development. Construction was expected to start on June 20, 2011, and end on January 22, 2013. However, construction actually began on March 9, 2011.

The terminal began operations on January 1, 2013, and an official inauguration ceremony for the new terminal was held on January 22, 2013.

📋 Staff Comments

The Chinese project title is 金边港集装箱码头 or 柬埔寨金边港新建集装箱码头项目. The Khmer project title is ចំណតកំពង់ផែ កុងទីន័រថ្មី.
The PBC agreement for the project was one out of 14 agreements signed by the Chinese Government and the Government of Cambodia on December 21, 2009.

📚 Sources & References

Cambodia inaugurates China-financed new container terminal
我优买信贷支持的金边港新建集装箱码头竣工
Phnom Penh Autonomous Port’s new cargo terminal opened
Cambodia starts to build container terminal with Chinese support
China Offer Concessional Loan to Cambodia for Container Project
CDC Project Achang Irrigation Development Project in Kompong Chhang Province
CDC Phnom Penh Port New Container Terminal Project
Phnom Penh Autonomous Port
驻柬埔寨大使布建国率馆员考察金边港新建集装箱码头
驻柬埔寨大使潘广学出席金边港新建集装箱码头项目开工典礼
我优买信贷支持的金边港新建集装箱码头竣工
Project/Program Information and Implementation Arrangements
集团承建的柬埔寨金边港新建集装箱码头项目竣工
集团承建的柬埔寨金边港新建集装箱码头开工
建筑时报：上海建工已成为中国在柬主要工程承包企业 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.