China Eximbank provides RMB 280.9 million government concessional loan for Phase 1 of the Stung Chikreng River Basin Water Resources Development Project in Siem Reap Province

Project narrative

On December 26, 2013, China Eximbank and the Government of Cambodia signed an RMB 280,900,000 government concessional loan (GCL) agreement [China EXIMBANK GCL No. 2013 (55) Total No. (500)] for Phase 1 of the Stung Chikreng River Basin Water Resources Development Project in Siem Reap Province. The borrowing terms of the GCL were as follows: 20-year maturity, 7-year grace period, and 1.25% fixed interest rate. The proceeds from the loan were used to finance an EPC contract with Guangdong Construction Engineering Construction Co., Ltd. (GDFC). This project involved the construction of two flood control dams (total length of 13.20 kilometers), the excavation of a large mainstream channel measuring 14.50 meters in length, the construction of 1 sluice gate, the construction of 25 water culverts, and the construction of 13 bridges. Upon completion, the project was expected to use the water resources of the Chikreng River irrigate to 18,200 hectares of arable land in Siem Reap Province during the rainy season and 3,200 hectares of irrigated arable land in Siem Reap Province during the dry season. The project was also expected to provide drinking water to local rural areas and reduce flood damages in the lower reaches of the Chikreng River. Guangdong Construction Engineering Construction Co., Ltd. (GDFC) was the contractor responsible for project implementation. Construction began on February 16, 2015 and ended on May 31, 2018. The project was officially completed and handed over to the local authorities on April 4, 2018.