Completed Mixed AidData Chinese Aid

China Eximbank provides $84.9 million preferential buyer's credit for Phases 5 and 6 of Rural Grid Extension Project (Linked to Record ID#32216, #62326, #62331)

$84.98M USD

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	May 12, 2033
Duration	6,055 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`62333`

Grant Description

China Eximbank provides $84.9 million preferential buyer's credit for Phases 5 and 6 of Rural Grid Extension Project On October 13, 2016, China Eximbank and the Government of Cambodia's Ministry of Finance signed a $84,982,500 preferential buyer's credit (PBC) agreement for Phases 5 and 6 of the Rural Grid Expansion Project.

📋 Loan / Grant Terms

📅 Maturity20 years

⏳ Grace Period7 years

💹 Interest Rate2%

The proceeds of the PBC were to be used by the borrower to partially finance a $100 million 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 March 30, 2016.

The fifth and sixth phases of the project, which covered 11 provinces in Cambodia, involved the construction of one 2525 km medium-voltage transmission line; the installation of pole-mounted equipment; the construction of two new 115kV substations, the construction of a 22km, 115kV high-voltage transmission line that connects the two substations; and an expansion of the Sihanoukville substation.

The ultimate purpose of the project was to improve the power supply situation in various provinces and cities and provide power to 50,000 families in no-power-supply areas. CHMC was the EPC contractor responsible for implementation. Construction began on December 13, 2016, and the project completed on August 30, 2019.

Phases 5 and 6 were completed about 6 months ahead of the schedule.

📋 Staff Comments

The Chinese project title is 柬埔寨农村电网扩建工程五、六期项目.
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 Phases 5 and 6 as $100 million. AidData relies on the face value ($84,982,500) 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).
China Eximbank also financed Phases 1, 2, 3, and 4 of the Rural Grid Extension Project. Phase 1 is captured via Project ID#32216. Phase 2 is captured via Project ID#62326. Phases 3 and 4 are captured via Project ID#62331.

📚 Sources & References

Sinomach Today
Project/Program Information and Implementation Arrangements
Enhancement Public Transportation, 4 Eximbank loans in Cambodia in 2016
中国重机柬埔寨农网扩建五、六期项目提前竣工
柬埔寨农村电网扩建五、六期项目启动会召开
一线故事：柬埔寨农网五六期项目提前竣工的“秘密”
Rural Grid Extension Project Phase 5 and 6
Cambodia Rural Grid Extension Phase 5 & Phase 6 EPC Project Contract Officially Signed
Electricite de Cambodge Annual Report 2015
CHMC Cambodian Rural Grid Extension Phase Ⅴ-Ⅵ Project Was Accomplished Ahead of Schedule
Transportation of All Transformers in CHMC Cambodia Rural Grid PhaseⅤ-Ⅵ Project Was Accomplished
Cambodia Rural Grid Extension Phase 5 & Phase 6 EPC Project Contract Officially Signed
CHMC Signed the Loan Agreement for the Cambodia Rural Grid Expansion (Phase Ⅴ
PhaseⅥ) Project
BU_PITCH_ENGLISH_2019-clean5.xlsx
China Overseas Development Finance
Project status report for $84.9 million preferential buyer's credit for Phases 5 and 6 of Rural Grid Extension Project generated 0n 4/11/2025
Annual Report 2016 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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