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Chinese Government provides RMB 97.1 million loan — via ETCA — for National Road No. 51 (NR 51) Construction Project (Linked to Record ID#61174)
| Funder | China Ministry of Commerce |
|---|---|
| Recipient Organization | Cambodian Ministry of Economy and Finance |
| Country | Cambodia |
| Start Date | Oct 13, 2016 |
| End Date | Jan 17, 2033 |
| Duration | 5,940 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 61176 |
Grant Description
Chinese Government provides RMB 97.1 million loan — via ETCA — for National Road No. 51 (NR 51) Construction Project On October 13, 2016, China Eximbank and the Government of Cambodia's Ministry of Economy and Finance signed an RMB 252,045,640 government concessional loan (GCL) agreement for the National Road No. 51 (NR 51) Construction Project (captured in Record ID#61174).
On the same day, the Chinese Government issued a second loan to the Government of Cambodia's Ministry of Economy and Finance — through an Economic and Technical Cooperation Agreement (ETCA) — worth RMB 97,135,600 for the same project (as captured in this project).
The proceeds from these two loans were used to finance an EPC contract with China Road & Bridge Corporation (CRBC).
The purpose of the project was to construct a 37.96 km segment of National Road No. 51 (NR 51) that connects National Road No. 5 (NR 5) and National Road No. 4 (NR 4) and leads directly to Sihanoukville Port.
The 12-meter wide road segment is located in the central-southern part of Cambodia at the boundary of Kampong Speu Province and Kandal Province. CRBC was the EPC contractor responsible for implementation.
A formal groundbreaking ceremony was held on March 14, 2017 and the project was expected to reach completion on December 31, 2019. It was ultimately completed on August 12, 2020.
Staff Comments
- This project is also known as the National Road No. 51 (NR 51) Expansion Project. NR 51 is also known as the Udong-Thnal Totoeng Road. The Chinese project title is 51号国家公路 or 柬埔寨51号公路项目. The Khmer project title is ផ្លូវជាតិលេខ៥១.
- 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) records the interest rate as 2%; however, this appears to be a typographical error, as given that the RMB 97,135,600 loan (captured in this project) was funded through an ETCA, it was likely an interest-free loan, which is also confirmed in several sources (See: 31 documents to be signed between Cambodia and China (Oct 2016)).
Sources & References
- Cambodia breaks ground for construction of China-funded national road
- Project/Program Information and Implementation Arrangements, 4 Eximbank loans in Cambodia in 2016.pdf
- 熊波大使同柬埔寨副首相韶肯共同出席51号国家公路开工仪式
- 柬埔寨興建51號公路，直通西哈努克港口
- 中国援建的柬５１号公路复建工程开工
- 熊波大使同柬埔寨副首相韶肯共同出席51号国家公路开工仪式
- Overview on Transport Infrastructure Sectors in the Kingdom of Cambodia (5th Edition)
- National Road No. 51 Project (Economic and Technical Cooperation)
- Construction of NR. 51 Project
- Visions of Cambodia -- Newsletter, 31 documents to be signed between Cambodia and China (Oct 2016)
- 进出口银行融资支持的柬埔寨51号公路项目顺利移交
- 进出口银行融资支持的柬埔寨51号公路项目顺利移交
- 公司柬埔寨51号公路项目顺利移交
- 柬埔寨副首相兼内政部长苏庆出席公司承建的柬NR51号路开工典礼
- Sar Kheng - Deputy Prime Minister and Minister of the Interior of Cambodia Attends the Commencement Ceremony of Cambodia NR51 Road Constructed by CRBC
- China Overseas Development Finance
- Chinese built national road inaugurated in SW Cambodia
- National Road No. 51 Project (Economic and Technical Cooperation) Information and Implementation Arrangements 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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