China Eximbank pledges $50 million Preferential Buyer's Credit loan for National Broadband Project

$50M USD

Funder	Export-Import Bank of China (China Eximbank)
Recipient Organization	Government of Cambodia
Country	Cambodia
Start Date	Feb 13, 2015
End Date	Dec 28, 2031
Duration	6,162 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`49197`

Grant Description

China Eximbank pledges $50 million Preferential Buyer's Credit loan for National Broadband Project On February 13, 2015, the Export and Import Bank of China agreed to lend Cambodia $50 million USD to finance a national broadband network project.

The loan will be given to the Cambodian government under a Preferential Buyer's Credit facility to finance the construction of the core components of a nationwide high speed optical network.

According to the bank, this would promote connectivity between the two countries, which is in line with China's initiative to build the Silk Road Economic Belt and the 21st Century Maritime Silk Road.

📚 Sources & References

China to finance national broadband project in Cambodia
CHINA TO FINANCE BROADBAND NETWORK CONSTRUCTION IN CAMBODIA
China to finance broadband network construction in Cambodia
China to finance broadband network construction in Cambodia
China to finance broadband network construction in Cambodia
China to lend Cambodia $50m for broadband plan 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.