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 (Linked to Project ID#38815)

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% 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 April 18, 2017. The project was officially completed and handed over to the local authorities on April 4, 2018.

Additional details

1. This project is also known as Phase 1 of Staung Chikreng Water Resources Development Project. The Chinese project title is 柬埔寨芝格楞河水资源开发一期项目 or 柬埔寨暹粒省芝格楞水资源开发项目一期. 2. In the Overseas Development Finance Dataset that it published in December 2020, Boston University’s Global Development Policy Center identifies this project as being supported by a $330 million loan; however, the Government of Cambodia’s aid and debt information management system — maintained on behalf of all ministries and agencies of the Royal Government of Cambodia by the Cambodian Rehabilitation and Development Board (CRDB) of the Council for the Development of Cambodia (CDC) — indicates that the face value of the China Eximbank GCL is RMB 280,900,000. 3. China Eximbank also provided a second GCL worth RMB 329,750,000 for Phase 2 of the Stung Chikreng River Basin Water Resources Development Project (captured in Project ID#38815).

Number of official sources

13

Number of total sources

17