China Eximbank provides RMB 209 million government concessional loan to Cambodia for Phase 2 of Kanghot Irrigation Development Project (Linked to Project ID#32187)

On March 31, 2012, China Eximbank and the Government of Cambodia signed an RMB 209,000,000 government concessional loan (GCL) agreement [China Eximbank GCL No. 2012 (52) Total No. (402)] for Phase 2 of the Kanghot Irrigation Development Project. The borrowing terms of the loan were as follows: 20-year maturity, 7-year grace period, and 1.25% interest rate. The proceeds from the loan were used to partially finance an EPC contract with Guangdong Foreign Construction Company (GDFC). The purpose of the project was to construct an irrigation system in the Kanghot (or Kang-hot or Konghot) area within Battambang Province. GDFC was the EPC contractor responsible for implementation. The project began on November 1, 2012 and was completed on November 1, 2016.

Additional details

1. The Chinese project title is 马德望省刚霍（Kanghot）灌溉系统开发项目 or 马德望Kanghot灌溉发展项目——第II期水利工程 or KANGHOT灌溉发展二期项目. 2. This 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. 3. China Eximbank also provided a PBC loan for Phase 1 of the Kanghot Irrigation Development Project (as captured via Project ID#32187).

Number of official sources

13

Number of total sources

17