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China Eximbank provides RMB 671 million government concessional loan for Nak Leoung-Thnal Torteung Section of National Road No. 11 (NR 11) Construction Project
| Funder | Export-Import Bank of China (China Eximbank) |
|---|---|
| Recipient Organization | Cambodian Ministry of Economy and Finance |
| Country | Cambodia |
| Start Date | May 16, 2017 |
| End Date | Mar 11, 2033 |
| Duration | 5,778 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 61171 |
Grant Description
China Eximbank provides RMB 671 million government concessional loan for Nak Leoung-Thnal Torteung Section of National Road No. 11 (NR 11) Construction Project On May 16, 2017, China Eximbank and the Government of Cambodia's Ministry of Economy and Finance signed an RMB 671,067,000 government concessional loan (GCL) agreement for the Nak Leoung-Thnal Torteung Section of National Road No. 11 (NR 11) Construction Project.
The proceeds of the GCL were to be used by the borrower to finance an EPC (commercial) contract with China Road and Bridge Corporation (CRBC).
The purpose of the project is to construct a 96.48 km segment of National Road No. 11 (NR 11) that runs from Nak Leoung to Thnal Torteung. NR 11 connects National Road 1 (NR 1) in Prey Veng Province to National Road 7 (NR 7) in Tbong Khmum province. CRBC was the EPC contractor responsible for implementation.
The project entered implementation on March 23, 2018, and it was originally expected to reach completion on September 16, 2020. Cambodia’s Minister of Public Works and Transport Sun Chanthol conducted an-site project inspection on May 4, 2020. On December 6, 2021, the Cambodia National Highway was officially opened to traffic.
Staff Comments
- This project is also known as the National Highway 11 Reconstruction Project and the Construction of National Road No. 11 (NR 11) Project from Nak Leoung to Thnal Torteung. The Chinese project title is 柬11号公路建设项目. The Khmer project title is ផ្លុវ សែនតសូ.
- 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
- 金融时报：路桥连起中柬情 中国进出口银行发挥政策性金融优势助力中柬合作
- 熊波大使同洪森首相共同出席11号公路改建工程开工仪式
- Project/Program Information and Implementation Arrangements
- Overview on Transport Infrastructure Sectors in the Kingdom of Cambodia (5th Edition)
- 驻柬埔寨大使熊波同洪森首相共同出席11号公路改建工程开工仪式
- 进出口银行与柬埔寨经济财政部签署贷款协议
- Infrastructure Development
- Minister of Public Works drills road to prove no corruption
- 中国援柬埔寨11号国家公路改扩建工程通车
- China Overseas Development Finance
- Construction of National Road No. 11 Project (Nak Leoung - Thnal Torteung) Information and Implementation Arrangements
- PM to inaugurates National Road 11 and Prey Veng City Roads this morning 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
Cambodian Ministry of Economy and Finance
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