Active Mixed AidData Chinese Aid

China Eximbank provides $64 million preferential buyer's credit for National Road No. 41 (NR41) Reconstruction and Upgrading Project (Linked to Record ID#33092)

$64.09M USD

Funder	Export-Import Bank of China (China Eximbank)
Recipient Organization	Government of Cambodia
Country	Cambodia
Start Date	Apr 12, 2022
End Date	Jan 08, 2031
Duration	3,193 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`99364`

Grant Description

China Eximbank provides $64 million preferential buyer's credit for National Road No. 41 (NR41) Reconstruction and Upgrading Project On April 12, 2022, China Eximbank and the Government of Cambodia signed a $64,087,000 China Eximbank preferential buyer’s credit (PBC) agreement for the National Road No. 41 Reconstruction and Upgrading Project.

📋 Loan / Grant Terms

💰 Loan Amountcarries the following borrowing terms: a 2% interest rate

📅 Maturity20 years

⏳ Grace Period7 years

💹 Interest Rate2%

The borrower is expected to use the proceeds of the loan to finance a commercial contract with China Road and Bridge Corporation (CRBC).

During calendar years 2022 and 2023, China Eximbank disbursed $12,817,400 and $17,089,867, respectively, in support of the National Road No. 41 Reconstruction and Upgrading Project. As of early 2024, the lender planned to disburse $17,089,866 in 2024 and $17,089,866 in 2025.

The purpose of the project is to expand and upgrade National Road No. 41 (NR41), a 95.26 km road which connects Thnal Totueng in Kampong Speu province, at the intersection of NR4 in Kandal, with Chum Kiri district in Kampot, at the intersection of NR3.

The project scope includes (1) widening the 95.26 km road to 12 meters (with a cm thick AC rubber concrete floor) according to Chinese Standard Level 2, (2) extending a 200 meter bridge from 7 meters to 12 meters wide, (3) constructing corner drains along the road with 120 covers, (4) constructing drainage infrastructure in 158 places along the road, (5) constructing drainage boxes in 37 places along the road, and (6) equipping the road with the speed cameras in 8 places.

The 95 km road project is expected to connect major international ports such as the Sihanoukville Autonomous Port and Kampot multi-purpose port, as well as the logistics center under construction at the Kampot tourism port and a newly-constructed Kep-Koh Tonsay tourism port.

It is also expected to connect eco-tourism sites in Preah Sihanouk, Kep and Kampot provinces through NR3, NR4, NR31 and NR33. CRBC is the EPC contractor responsible for project implementation. Guangzhou Wanan Construction Supervision Co., Ltd. is responsible for project supervision. A groundbreaking ceremony took place on December 26, 2022.

The project’s originally scheduled commencement and completion dates were September 1, 2022 and December 31, 2025, respectively.

📋 Staff Comments

The Chinese project title is 柬埔寨41号公路升级改造项目.
China Eximbank also financed the construction of NR41 (as captured via Project ID#33092).

📚 Sources & References

Cambodia's national road to be upgraded with funds from China
Project/Program Information and Implementation Arrangements
PM launches $67M revamp for 95km-long National Road 41
柬埔寨首相洪森出席柬41号公路升级改造项目开工典礼
Cambodian Highway 41 Upgrading and Reconstruction Project Started
Project/Program Information and Implementation Arrangements (National Road No. 41 Reconstruction and Upgrading Project)
Groundbreaking Ceremony For Reconstruction And Upgrading Of NR41
Renovation of 95km NR41 Officially Begins
China Funds Construction of 30 Roads in Cambodia
Cambodia's national road to be upgraded with funds from China
PM launches $67M revamp for 95km-long National Road 41
中企承建柬埔寨41号公路升级改造项目举行开工典礼
NR 41 Restoration Project Achieves 97% Completion with Over USD 67 Million Investment
National Road No. 41, over 95 kilometres long, 100% completed
Project status report for $64 million preferential buyer's credit for National Road No. 41 (NR41) Reconstruction and Upgrading Project generated on 4/11/2025
Groundbreaking ceremony held for Chinese-built Highway No. 41 upgrading project in Cambodia
National Road No.41 Reconstruction and Upgrading Project 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.