Completed Mixed AidData Chinese Aid

China Eximbank provides $26.7 million preferential buyer's credit for 5th Cambodia-China Friendship New Chroy Changvar Bridge Project

$26.75M USD

Funder	Export-Import Bank of China (China Eximbank)
Recipient Organization	Government of Cambodia
Country	Cambodia
Start Date	Dec 13, 2010
End Date	Aug 29, 2030
Duration	7,199 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`32249`

Grant Description

China Eximbank provides $26.7 million preferential buyer's credit for 5th Cambodia-China Friendship New Chroy Changvar Bridge Project On December 13, 2010, China Eximbank and the Government of Cambodia signed a $26,752,000 preferential buyer’s credit (PBC) agreement for the 5th Cambodia-China Friendship New Chroy Changvar Bridge 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 China Road and Bridge Corporation (CRBC).

The purpose of the project was to construct a 719-meter bridge over the Tonle Sap River, which is located in Phnom Penh's Russei Keo district, connecting the capital Phnom Penh on the west side of the river to National Road No. 6 (NR 6) on the east side of the river.

The bridge was designed to run in parallel with the existing Cambodia-Japan Friendship Bridge, or Chroy Changvar Bridge. The road width is 14-m, with 8cm asphalt concrete pavement.

The ultimate aim of the project is to address traffic congestion in/out of Phnom Penh; previously there was only one bridge, the Cambodia-Japan Friendship Bridge, to manage the route in/out of the city from three different directions. CRBC was the EPC contractor responsible for project implementation.

The project was supervised by Guangzhou Wanan Construction Supervision Company. A formal groundbreaking ceremony was held on November 2, 2011 and the project was completed on April 9, 2014. On October 22, 2015, a bridge opening ceremony was held.

📋 Staff Comments

This project is also known as the Design and Construction of 719m Chroy Changvar Bridge Project, the 5th Cambodia-China Friendship Bridge Project, the New Chroy Changvar Bridge Project, and the 2nd Chroy Changvar Bridge across Tonle Sap River Project. The Chinese project title is 柬埔寨金边水净华新桥项目.
In the Overseas Development Finance Dataset that it published in December 2020, Boston University’s Global Development Policy Center identifies this project as being supported by a $28 million China Eximbank loan and a loan commitment year of 2011. AidData relies on the face value of the loan ($26,752,000) and the loan commitment year (2010) that are 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).

📚 Sources & References

Work on Cambodia-China Friendship Bridge begins - agency
第五座中柬友谊大桥开工建设
THE CLOSURE OF NEW CHROY CHANGVAR BRIDGE IN PHNOM PENH
CAMBODIA IS SUCCESSFULLY REALIZED
Completion ceremony of new Chroy Changvar Bridge in Phnom Penh
Cambodia
Project Summary Report: New Chroy Changvar Bridge
Selected Comments during the Groundbreaking Construction Ceremony to Build the Second Bridge at Jroy Jangva
Project of 2nd Chroy Changvar Bridge in Phnom Penh over Tonle Sap River
Second Chroy Changvar Bridge Open For Traffic Tomorrow
驻柬埔寨大使潘广学出席金边水净华新桥开工仪式
Project of Design -Build of New Chroy Changvar Bridge in Phnom Penh
China Overseas Development Finance
Project/Program Information and Implementation Arrangements for New Chroy Changvar Bridge 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.