Completed Mixed AidData Chinese Aid

China Eximbank provides $71.5 million preferential buyer’s credit for National Road No. 8 (NR 8) Rehabilitation Project (Ksach Kandal to Vietnam Border Section) (Linked to Record ID#32113, #32195)

$71.51M USD

Funder	Export-Import Bank of China (China Eximbank)
Recipient Organization	Government of Cambodia
Country	Cambodia
Start Date	Feb 22, 2007
End Date	Jun 28, 2032
Duration	9,258 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`32239`

Grant Description

China Eximbank provides $71.5 million preferential buyer’s credit for National Road No. 8 (NR 8) Rehabilitation Project (Ksach Kandal to Vietnam Border Section) On February 22, 2007, China Eximbank and the Government of Cambodia signed a $71,512,717 preferential buyer’s credit (PBC) agreement for the National Road No. 8 (NR 8) Rehabilitation Project (Ksach Kandal to Vietnam Border Section).

📋 Loan / Grant Terms

💰 Loan Amountwere as follows: a 20-year maturity

📅 Maturity20 years

⏳ Grace Period7 years

💹 Interest Rate2%

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

The purpose of the project was to rehabilitate a 109 km segment of National Road No. 8 (NR 8) between Ksach Kandal and the country’s eastern border with the Vietnam Border.

The starting point of this road is the Mekong River Bridge in Gala Province and the ending point is the eastern Cambodia-Vietnam border.

The geographical distribution of National Road No. 8 is as follows: 45% in Kandal Province, 10% in Kampong Cham Province, and 45% in Prey Veng Province.

The ultimate purpose of the project was to increase the well-being of the residents of Ksach Kandal, Kom Jai Mear, and Svay Ontour districts.

They previously had to rely on the ferry or boats from Prek Tamak's port to travel to Phnom Penh and other places in the central and eastern parts of the country. SCG was the EPC contractor responsible for implementation. The project was supervised by Guangzhou Wanan Construction Supervision Company.

A groundbreaking ceremony was held on March 15, 2007 and the originally anticipated duration of the construction period was 40 months. On November 22, 2012, a road opening ceremony was held for NR 8, Road No. 8-1, and No. 8-2.

📋 Staff Comments

The Chinese project title is 柬埔寨8号公路及其支线.
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.
Road No. 8-1 and No. 8-2 were supported by a separate China Eximbank preferential buyer's credit (capture via Project ID#32195).
On January 22, 2007, China Eximbank committed to providing a $207 million loan package for the “two bridges and two roads” project (involving Prek Tamaek Bridge, Prek Kdam Bridge, National Road No. 6, and National Road No. 8 (captured via Umbrella Project ID#32113). This project is a partial fulfillment of that commitment.

📚 Sources & References

Cambodia inaugurates China-funded road in eastern part
Cambodia/China: Cambodia inaugurates China-funded road in eastern part
我优买资金支持的柬埔寨8号公路及其支线正式通车
China gives Cambodia 207m dollars in loans for infrastructure
Cambodia holds ceremony for construction of national road No. 8
Inauguration Ceremony for the Official Use of National Road No. 8
CDC Project Rehabilitating the National Road No.8 from Ksach kandal to Vietnam Border (109 km)
Remarks at the Inauguration Ceremony of the construction Site of National Road No. 8 (109km)
驻柬埔寨大使潘广学在8号公路及其支线通车仪式上的致辞
Overview on Transport Infrastructure Sectors in the Kingdom of Cambodia (5th Edition)
柬埔寨首相洪森视察湄公河大桥项目混凝土灌注桩施工现场
柬埔寨首相洪森视察湄公河大桥项目混凝土灌注桩施工现场
柬埔寨2亿美元优买信贷项下2路2桥项目全部开工建设
柬埔寨2亿美元优买信贷项下2路2桥项目全部开工建设
Infrastructure Development Infrastructure Development September 2011
China Export-Import Bank loans to Cambodia 2018
Project/Program Information and Implementation Arrangements
我优买资金支持的柬埔寨8号公路及其支线正式通车
驻柬埔寨大使潘广学在8号公路及其支线通车仪式上的致辞
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.