Completed Mixed AidData Chinese Aid

China Eximbank provides $68.3 million preferential buyer's credit for National Road No. 62 (South Section: Kampong Thom-Tbeng Meanchey) Rehabilitation and National Road No. 8-1 and No. 8-2 Extension Project (Linked to Record ID#38785)

$68.36M USD

Funder	Export-Import Bank of China (China Eximbank)
Recipient Organization	Cambodian Ministry of Economy and Finance
Country	Cambodia
Start Date	Jun 26, 2009
End Date	Jan 10, 2030
Duration	7,503 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`32195`

Grant Description

China Eximbank provides $68.3 million preferential buyer's credit for National Road No. 62 (South Section: Kampong Thom-Tbeng Meanchey) Rehabilitation and National Road No. 8-1 and No. 8-2 Extension Project On June 26, 2009, China Eximbank and the Government of Cambodia's Ministry of Economy and Finance signed a $68,363,120 preferential buyer's credit (PBC) agreement for the National Road No.62 (South Section: Kampong Thom-Tbeng Meanchey) Rehabilitation and National Road No. 8-1 and No. 8-2 Extension Project.

📋 Loan / Grant Terms

📅 Maturity20 years

⏳ Grace Period7 years

💹 Interest Rate2%

The proceeds of the PBC were to be used by the borrower to partially finance an EPC (commercial) contract with Shanghai Construction Group (SCG).

The purpose of the project was to (a) rehabilitate the 128-km road (National Road No. 62 or RN 62) that connects Tbeng Meanchey, the capital of Preah Vihear Province, with Kampong Thom province's Kampong Svay district; (b) construct a 5.6km segment of Road No. 8-1 (RN 8-1) that connects Krabao in the Prey Veng province to Moeunchey in the Svay Rieng (Cambodia-Vietnam border); and (c) construct an 18.6 km segment of Road No. 8-2 (RN 8-2) that connects Anlong Chrey (Cambodia-Vietnam Border) to National Road No. 7 at Ponghea Krek.

SCG was the EPC contractor responsible for implementation. The project was supervised by Guangzhou Wanan Construction Supervision Company.

According to Chinese official sources, the groundbreaking ceremony for the Rehabilitation of National Road No. 62 (South Section) was held on January 27, 2010. The road was officially inaugurated on August 8, 2012.

The opening ceremony for the Extension of Roads No. 8-1 and No. 8-2 were held when National Road No. 8 was inaugurated on November 22, 2012 (see Record ID#32239).

📋 Staff Comments

This project is also known as Rehabilitation of Cambodia National Road No.62 (South Section: Kampong Thom-Tbeng Meanchey) & Extension Roads No. 8-1 & No. 8-2 Project. The Chinese project title is 柬埔寨62号公路南段修复项目.
In the Overseas Development Finance Dataset that Boston University’s Global Development Policy Center published in December 2020, it identifies the face value of the loan that supported this project as $15 million. AidData relies on the face value of the loan ($68,363,120) that is recorded in the Government of Cambodia’s aid and debt information management system, which is maintained on behalf of all ministries and agencies of the Royal Government of Cambodia by the Cambodian Rehabilitation and Development Board (CRDB) of the Council for the Development of Cambodia (CDC).
In 2008, China Eximbank provided a $57.8 million preferential buyer’s credit for the rehabilitation of the North Section of National Road No. 62 North Section (captured via Project ID#38785).

📚 Sources & References

China to help restoration of Cambodia's National Road No. 62
Cambodian PM says China leads in financing development
Cambodia inaugurates China-funded road in northern provinces
Cambodia inaugurates China-funded roads in cultural province
我优买资金支持的柬埔寨62号公路南段正式通车
Cambodia inaugurates China-funded road in northern provinces
Ground Breaking Ceremony for the Construction and Rehabilitation of National Road No.62 from the Junction of National Road No.6 (Kampomg Thom Province) to Tbaeng Meanvhey (Preah Vihear Province)
CDC National Road No. 62 (South Section) & Extension Roads No.8-1&No.8-2 Project
China’s Relations with Laos and Cambodia
Overview on Transport Infrastructure Sectors in the Kingdom of Cambodia (5th Edition)
Infrastructure Development Infrastructure Development September 2011
Project/Program Information and Implementation Arrangements
我优买资金支持的柬埔寨62号公路南段正式通车
中国政府援助柬埔寨62号公路修复项目开工
柬埔寨国家62号公路（南段）第六合同段项目
柬埔寨国家62号公路南段项目
柬埔寨62号公路南段修复项目举行开工仪式
China Overseas Development Finance
Cambodia inaugurates China-funded road 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.