Active Development AidData Chinese Aid

China Eximbank provides RMB 116.6 million government concessional loan for Phase 2 of the 230 kV Loop Transmission Line Project (Eastern Loop Line Part II) (Linked to Record ID#62337 and #62335, #62321)

¥116.62M RMB

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	May 25, 2027
Duration	3,661 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`62340`

Grant Description

China Eximbank provides RMB 116.6 million government concessional loan for Phase 2 of the 230 kV Loop Transmission Line Project (Eastern Loop Line Part II) On May 16, 2017, China Eximbank and Cambodia's Ministry of Economy and Finance signed an RMB 116,620,120 government concessional loan (GCL) agreement for Phase 2 of the 230 kV Loop Transmission Line Project (Eastern Loop Line Part II).

📋 Loan / Grant Terms

📅 Maturity20 years

⏳ Grace Period7 years

💹 Interest Rate2%

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 February 16, 2017.

Phase 2 of the 230 kV Loop Transmission Line Project was implemented in two parts and financed with two separate China Eximbank loans. Part I is captured in Record ID#62337, and Part II is captured in this project.

Part II of the 230 kV Loop Transmission Line Project involved the construction of four new 230kV substations (including the Kampong Thom substation, the East Phnom Penh substation), the expansion of seven existing 230kV substations (including the Stung Treng substation and the Kratie substation), the construction of an 85km, 230kV double circuit transmission line from switchyard of Tatay hydropower station to the Botom Sarkor substation, and the construction of a 72 km, 115kV transmission line from Ream to Chamkar Loung.

Upon completion, the project was expected to deliver power to 250,000 non-electrified households and address the electricity needs of 850,000 users. CHMC was the EPC contractor responsible for implementation. Part II commenced on July 1, 2017 and it was expected to reach completion on May 16, 2020. As of March 2021, it was unclear if this project had reached completion.

Phase 1 of 230 kV Loop Transmission Line Project was also completed in two sections- both of which were financed by China Eximbank PBC loans: the Tonle Sap Lake Loop Line section, which is captured in Record ID#62335, and the Phnom Penh Loop Line section, which is captured in Record ID#62321.

📋 Staff Comments

This project is also known as the Transmission Line 230 KV Project Phase II (Loop Line in Eastern Part of Cambodian National Grid Part II) or Phase 2 of the 230 KV Loop Transmission Line Project (Southwest Loop Line and Eastern Loop Line Part I). The Chinese project title is 柬埔寨国家电网230kV输变电二期项目（东部环网第一部).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
Union of Journalist Federations of Cambodia
Cambodia Southwest and East Looped Network Project
The Kick - off Meeting of CHMC Cambodia East Loop Line (Phase II) Power Transmission and Transformation Project Was Convoked
Project/Program Information and Implementation Arrangements
Sinomach Today
SINOMACH TODAY
中国进出口银行与柬埔寨经济财政部签署贷款协议
中国重机柬埔寨国家电网230kV输变电二期项目正式开工
柬埔寨国家电网230kV输变电二期项目（东部环网第一部分）正式开工
CHMC And Electricité Du Cambodge (EDC)) Signed the 230kV Transmission and Transformation Project (Part 2， Phase Ⅱ) EPC Contract
公司与柬埔寨国家电力公司签署230kV输变电项目二期第2部分EPC合同
China Overseas Development Finance
BRI projects progress smoothly in Pakistan
Cambodia
Congo
Project for Construction of 230 kv Transmission Line
Stage 2 (Loop Line in Eastern Part of Cambodian National Grid Part I) Project/Program 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.