Overview

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

Commitments (Constant USD, 2023)$35,906,047

Commitment Year•2012Country of Activity•CambodiaDirect Recipient Country of Incorporation•CambodiaSector•Agriculture, Forestry, FishingFlow Type•Loan

Status

Project lifecycle

Completion

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Mar 31, 2012

Start (actual): Nov 1, 2012

End (planned): Nov 1, 2016

End (actual): Nov 1, 2016

First repayment: Dec 30, 2018

Last repayment: Dec 27, 2031

Geospatial footprint

Map overview

Visualizes the AidData-provided feature geometry for this project.

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The purpose of the project was to construct an irrigation system in the Kanghot (or Kang-hot or Konghot) area within Battambang Province. More detailed locational information can be found at: https://www.openstreetmap.org/relation/6608542#map=10/13.0387/103.5297

Stakeholders

Organizations involved in projects and activities supported by financial and in-kind transfers from Chinese government and state-owned entities

Ultimate beneficial owners

At least 25% host country ownership

Funding agencies

State-owned Policy Banks

Export-Import Bank of China (China Eximbank)

Receiving agencies

Government Agencies

Government of Cambodia

Implementing agencies

State-owned companies

Guangdong Foreign Construction Co., Ltd (GDFC)

Loan desecription

China Eximbank provides RMB 209 million government concessional loan to Cambodia for Phase 2 of Kanghot Irrigation Development Project

Grace period•7 yearsGrant element•61.4196%Interest rate (t₀)•1.25%Interest type•Fixed Interest RateMaturity•20 years

Narrative

Full Description

Project narrative

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.

Staff comments

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 Record ID#32187).