Loading grant details…
China Eximbank provides RMB 47 million government concessional loan for Phase 2 of Rural Grid Extension Project (Linked to Record ID#32216, #62331, and #62333
| Funder | Export-Import Bank of China (China Eximbank) |
|---|---|
| Recipient Organization | Cambodian Ministry of Economy and Finance |
| Country | Cambodia |
| Start Date | Sep 29, 2014 |
| End Date | Jul 03, 2032 |
| Duration | 6,487 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 62326 |
Grant Description
China Eximbank provides RMB 47 million government concessional loan for Phase 2 of Rural Grid Extension Project On September 29, 2014, China Eximbank and the Government of Cambodia's Ministry of Finance signed an RMB 47,088,128 government concessional loan (GCL) agreement for Phase 2 of the Rural Grid Expansion Project.
The proceeds of the GCL were to be used by the borrower to finance an EPC (commercial) contract between Electricite du Cambodge (EDC) — the country’s state-owned electricity utility — and China National Heavy Machinery Corporation (CHMC), which was signed on January 24, 2014.
The purpose of the second phase of the project was to construct more than 2,040 km of distribution lines and 220 km of transmission lines in 14 provinces, including Kandal, Kampong Speu, Kampong Chhnang, Pursat, Siem Reap, Oddar Meanchey, Preah Vihear, Kampong Cham, Kratie, Stung Treng, Ratanakiri, Mondulkiri, Koh Kong, and Preah Sihanouk.
CHMC was the EPC contractor responsible for implementation. Construction started on December 4, 2014. China Eximbank conducted an on-site project inspection on April 26, 2016.
Phase 2 was ultimately completed on September 28, 2016, when the General Manager of Electricite du Cambodge officially issued the project completion certificate.
Staff Comments
- The Chinese project title is 柬埔寨农村电网扩建工程二期 or 柬埔寨农村电扩建二期工程项目.
- In the Overseas Development Finance Dataset that Boston University’s Global Development Policy Center published in December 2020, it identifies the face value of the loan that supported Phase 2 as $90 million. AidData relies on the face value (RMB 47,088,128) that is 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 differ on the exact scope of the EPC contract. One CHMC source states that the EPC contractor was responsible for installing 750 km of overhead lines, 50 km of underground cables, 15 km of underground cable through a river.
- China Eximbank also financed Phases 1, 3, 4, 5, and 6 of the Rural Grid Extension Project. Phase 1 is captured in Project ID#32216. Phases 3 and 4 are captured in Project ID#62331. Phases 5 and 6 are captured in Project ID#62333.
Sources & References
- Project/Program Information and Implementation Arrangements
- 中国进出口银行优贷部视察柬埔寨农村电网扩建工程
- CDC Project Achang Irrigation Development Project in Kompong Chhang Province
- CHMC Signed Project Contract for Cambodia Rural Grid Extension Phase Ⅲ and Phase Ⅳ
- Electricite de Cambodge Annual Report 2015
- Concessional Loan Department, the Export-Import Bank of China
- Inspected Cambodia Rural Grid Extension Project
- EPC CONTRACT SIGNING OF CAMBODIA RUAL GRID EXPANSION PROJECT (PHASE II)
- CHMC Signs EPC Contract for Rural Power Grid Expansion Project (Phase-II) in Cambodia
- BU_PITCH_ENGLISH_2019-clean5.xlsx
- China Overseas Development Finance
- Rural Grid Extension Project Phase II 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
Interested in applying for this grant?
Complete our application form to express your interest and we'll guide you through the process.
Apply for This GrantQuick Summary
Related Grants
