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China Eximbank pledges preferential loan for National Road No. 10 Construction Project
| Funder | Export-Import Bank of China (China Eximbank) |
|---|---|
| Recipient Organization | Government of Cambodia |
| Country | Cambodia |
| Start Date | Jan 01, 2019 |
| End Date | Aug 30, 2028 |
| Duration | 3,529 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 89547 |
Grant Description
China Eximbank pledges preferential loan for National Road No. 10 Construction Project In 2019, the Chinese Government began negotiations with the Government of Cambodia for the for National Road No. 10 Construction Project.
At the time, China Eximbank was expected to provide a preferential loan to at least partially if not fully cover the total project cost equal to $118 million. It is unclear whether these funds were ever formally committed. The borrowing terms are unknown.
The purpose of this project is to build a 199 km road that starts in Samlot District in Battambang Province, passes through Veal Veng District in Pursat Province, and then ends in Koh Kong Province. China Road and Bridge Corporation (CRBC) is the (EPC) contractor responsible for implementation. On March 9, 2020, Chinese Ambassador Wang Wentian attended the opening ceremony for this project.
The project was expected to achieve completion by December 2023. As of March 2022, the project was 60% completed.
Sources & References
- [FRESH NEWS] - កម្ពុជា កំពុងចរចាខ្ចីប្រាក់ពីចិន សាងសង់ផ្លូវជាតិលេខ១០ ពីស្រុកសំឡូត បាត់ដំបង ទៅកោះកុង ដែលអាចបើកការដ្ឋាននៅចុងឆ្នាំនេះ (VIDEO INSIDE)
- The construction of National Road No. 10 connecting 3 provinces has achieved more than
- 中方优贷柬埔寨10号公路动工
- 耗资1.8亿美元，中国援建柬埔寨10号公路即将动工
- PM announces new National Road 10
- National Road 10 project construction on track
- National Road No. 10 Connecting the Border Area to the Sea Area, 60% Complete
- 驻柬埔寨大使王文天出席10号公路开工暨55号公路通车仪式
- NATIONAL NEWSChina provides nearly $ 3 billion in loans to Cambodia, while Cambodia does not discriminate funding sources, 10号公路全长180公里 3月份举行动工仪式
- 耗资1.8亿美元的10号公路项目已完成近60%
- Construction of National Road from Samlot-Veal Veng-Koh Kong (NR. 1551) 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.
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Government of Cambodia
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