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China Eximbank provides RMB 388 million government concessional loan for the Second Ring Road (West Section) of Phnom Penh Project
| Funder | Export-Import Bank of China (China Eximbank) |
|---|---|
| Recipient Organization | Cambodian Ministry of Economy and Finance |
| Country | Cambodia |
| Start Date | Oct 13, 2016 |
| End Date | Oct 04, 2027 |
| Duration | 4,008 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 61775 |
Grant Description
China Eximbank provides RMB 388 million government concessional loan for the Second Ring Road (West Section) of Phnom Penh Project On October 13, 2016, China Eximbank and the Government of Cambodia signed an RMB 388,000,000 government concessional loan (GCL) agreement for the Second Ring Road (West Section) of Phnom Penh Project.
The proceeds of the GCL were to be used by the borrower to finance an EPC (commercial) contract with Shanghai Construction Group (SCG). The purpose of the project was to construct a 16.67 km ring road southwest of the city of Phnom Penh.
The road was designed to run across two lanes from Russian Federation Blvd to National Road No. 2 and across the districts of Dangkor, Sen Sok and Meanchey heading south to Takmao town. SCG was the EPC contractor responsible for implementation. Construction started on March 6, 2017. The project had achieved a 50% completion rate as of November 2017.
It was ultimately completed on April 12, 2018.
Staff Comments
- This project is also known as the West Second Ring Road of Phnom Penh Project and the West Section of The Second Ring Road of Phnom Penh Project. The Chinese project title is 柬埔寨金边市第二环线（西段）项目. The Khmer project title is ផ្លូវក្រវ៉ាត់ក្រុងខ្សែទី២.
- 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
- Oral News
- 熊波大使出席金边市第二环线（西段）工程开工仪式
- 柬埔寨中国优惠贷款路桥项目动工
- Project/Program Information and Implementation Arrangements
- 集团柬埔寨金边市第二环线（西段）项目俄罗斯大道分离式立交桥正式通车
- 进出口银行与柬埔寨经济财政部签署四个“两优”项目贷款协议
- 上海建工承建的柬埔寨金边第二环线项目开工
- 洪森出席集团柬埔寨金边市第二环线（西段）项目开工典礼
- Ring Road Construction is Crucial for Urbanisation
- About Usd62m Second Ring Road in Phase Ii Completes 51%
- China's 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.
All Grantees
Cambodian Ministry of Economy and Finance
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