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Active Mixed AidData Chinese Aid

China Eximbank provide $111.7 million preferential buyer's credit for Skun-Kampong Cham Section of National Road No.7 Upgrading Project

$111.76M USD

Funder Export-Import Bank of China (China Eximbank)
Recipient Organization Government of Cambodia
Country Cambodia
Start Date Nov 09, 2022
End Date Oct 03, 2030
Duration 2,885 days
Number of Grantees 1
Roles Recipient
Data Source AidData Chinese Aid
Grant ID 99595
Grant Description

China Eximbank provide $111.7 million preferential buyer's credit for Skun-Kampong Cham Section of National Road No.7 Upgrading Project On November 9, 2022, China Eximbank and the Government of Cambodia signed a $111,758,000 China Eximbank preferential buyer’s credit (PBC) agreement for the Skun-Kampong Cham Section of National Road No.7 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 year 2023, China Eximbank disbursed $22,351,600 in support of the Skun-Kampong Cham Section of National Road No.7 Upgrading Project. At that time, the lender planned to disburse $44,703,200 in 2024 and $44,703,200 in 2025.

The purpose of the project is to upgrade the quality of the 45.489 km Skun-Kampong Cham Section of National Road 7 (NR7) and expand it from 2 lanes to 4 lanes.

The Skun-Kampong Cham Section starts from the Skun roundabout in Cheung Prey district and ending at the roundabout on the west bank of the Kizuna Bridge in Kampong Cham.

The project will seek to improve the quality of the road from National Road Level 2 to National Road Level 1, which has a speed limit of 80 kilometers (km) per hour.

The project scope includes (1) 1 km of Skun town road and 2.229 km of Kampong Cham town road, which is to be widened to 20.50 meters by 9 cm thick rubber concrete floor on 15 meters wide; (2) the normal road section, 42.26 meters long, which is to be widened to 24.50 meters by 9 cm thick concrete pavement on 21 meters wide; (3) construction of 8 bridges (both new and old) with a total length of 156 meters, (4) the construction of a drainage network along all types of roads measuring 21,649 meters in length; and (5) construction of a location for 3 long trucks return, equipped with 2 speed cameras and 2 overweight truck scales.

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 January 9, 2023.

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

📋 Staff Comments

1. This project is also known as the National Road No.7 Project (Skun-Kampong Cham) and the National Road No.7 (NR 7) Expansion Project. The Chinese project title is 柬埔寨7号公路升级改造项目.

📚 Sources & References
  • កិច្ចព្រមព្រៀង និងកម្ចីជិត២០ ត្រូវបានចុះហត្ថលេខារួមគ្នាដោយកម្ពុជានិងចិន
  • NR7 Expansion from Skun to Downtown Kampong Cham to Begin Soon
  • Kampong Cham Governor and the Ministry of Public Works inspect the progress of the construction and expansion of NR 7
  • Expansion of NR7 Officially Begins
  • 中企承建柬埔寨7号公路升级改造项目举行开工典礼
  • Upgrading of National Road No.7 Project (Skun-Kampong Cham)
  • 中企承建的柬埔寨7号公路改造项目开工
  • 驻柬埔寨大使王文天出席7号公路升级改造项目开工典礼
  • National Road 7 Expansion Project Progresses
  • Reaches 28.76% Completion
  • Project status report for $111.7 million preferential buyer's credit for Skun-Kampong Cham Section of National Road No.7 Upgrading Project generated on 4/11/2025 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

Government of Cambodia

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