China Eximbank provides RMB 291 million government concessional loan for Prek Stung Keo Water Resources Development Project

Project narrative

On November 4, 2010, China Eximbank and the Government of Cambodia signed an RMB 291,000,000 government concessional loan (GCL) agreement for the Prek Stung Keo Water Resources Development Project. The borrowing terms of the GCL were as follows: 20-year maturity, 7-year grace period, and 1.25% interest rate. The proceeds from the loan were used to finance an EPC contract with Guangdong Foreign Construction Company (GDFC). The purpose of the project was to improve the livelihood of farmers and increase agricultural productivity and crop production in Kampot Province. GDFC was the EPC contractor responsible for project implementation. The project was supervised by Guangzhou Wanan Construction Supervision Company. The project commenced on January 5, 2011, and it was completed on January 5, 2015.