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China Eximbank provides $41.8 million preferential buyer's credit for National Road No. 57 (NR 57) Rehabilitation Project
| Funder | Export-Import Bank of China (China Eximbank) |
|---|---|
| Recipient Organization | Government of Cambodia |
| Country | Cambodia |
| Start Date | Oct 22, 2007 |
| End Date | Dec 10, 2028 |
| Duration | 7,720 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 32105 |
Grant Description
China Eximbank provides $41.8 million preferential buyer's credit for National Road No. 57 (NR 57) Rehabilitation Project On January 15, 2007, the Chinese Government pledged a $100 million preferential loan package to help the Government of Cambodia build its infrastructure, including both National Road No.10 (also known as National Road No. 57) from Battambang province to Pailin city and the Takhmao Bridge in Kandal province (see Record ID#35687).
Then, on October 22, 2007, the Government of Cambodia approved a $41,880,000 preferential buyer’s credit (PBC) agreement from China Eximbank for the National Road No. 57 (NR 57) Rehabilitation Project.
The proceeds of the PBC were to be used by the borrower to partially finance an EPC contract with China Road and Bridge Corporation (CRBC).
The purpose of the project was to rehabilitate a 144 km segment along National Road No. 57 (NR 57) that connects Battambang with Pailin (at the Cambodia-Thailand Border). CRBC was the EPC contractor responsible for implementation. The project was supervised by Guangzhou Wanan Construction Supervision Company.
Rehabilitation works commenced on March 26, 2008 and the road was officially put into use on March 13, 2012.
Staff Comments
- This project is also known as The Rehabilitation of National Road No. 57 Project, 144km, from Battambang to Pailin (Cambodia and Thailand Border) Project. The Chinese project title is 柬埔寨57号公路项目.
- The China Eximbank loan that supported this project is not included in the Overseas Development Finance Dataset that Boston University’s Global Development Policy Center published in December 2020.
Sources & References
- China pledges 100 mln USD of loans for Cambodia to build infrastructure
- Traffic Backed up on National Road 10 After Bridge Collapse
- Inauguration Ceremony (Brochure)
- Selected Comments at the Inauguration of Cambodia-China Friendship Bridge Prek Kadam
- Avalanche of loans from bountiful China
- National Road No. 57 Inaugurated
- 柬埔寨一亿美元优买信贷项下57号公路修建项目举行开工典礼
- Overview on Transport Infrastructure Sectors in the Kingdom of Cambodia (5th Edition)
- 柬埔寨一亿美元优买信贷项下57号公路修建项目举行开工典礼
- Project/Program Information and Implementation Arrangements
- Overview on Transport Infrastructure Sectors in the Kingdom of Cambodia (4th Edition) 2012
- 我优买资金支持的柬埔寨57号公路项目举行通车仪式
- Infrastructure Development Infrastructure Development September 2011
- CDC AidData
- Edit Construction of National Road No.10
- China Overseas Development Finance 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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