Project ID: 38815

China Eximbank provides RMB 329.7 million government concessional loan for Phase 2 of Stung Chikreng River Basin Water Resources Development Project in Kampong Thom Province (Linked to Project ID#38771)

Commitment amount

$ 60495854.68020749

Adjusted commitment amount

$ 60495854.68

Constant 2021 USD

Summary

Funding agency [Type]

Export-Import Bank of China (China Eximbank) [State-owned Policy Bank]

Recipient

Cambodia

Sector

Agriculture, forestry, fishing (Code: 310)

Flow type

Loan

Level of public liability

Central government debt

Infrastructure

Yes

Category

Intent

Development (The next section lists the possible statuses.)

Commercial

Development

Representational

Mixed

Financial Flow Classification

ODA-like (The next section lists the possible statuses.)

Official Development Assistance

Other Official Flows

Vague (Official Finance)

Flows categorized based on OECD-DAC guidelines

Project lifecycle

Status

Implementation (The next section lists the possible statuses.)

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment

2013-04-08

Actual start

2013-09-09

Planned complete

2020-09-09

Geography

Description

On April 8, 2013, China Eximbank and the Government of Cambodia signed an RMB 329,750,000 government concessional loan (GCL) agreement [China EXIMBANK GCL No. 2012 (19) Total No. (464)] for Phase 2 of the Stung Chikreng River Basin Water Resources Development Project in Kampong Thom Province. The borrowing terms of the GCL were as follows: 20-year maturity, 7-year grace period, and 1.25% interest rate. The purpose of this project was to construct an irrigation dam and increase the supply of irrigated water to arable land in Kampong Thom Province. Upon completion, the project expected to cover a river catchment area of 4,357 km² — identified as a potential storage reservoir for irrigation in a 1984 study conducted by Mekong River Committee (MRC) — and hold about 550 million cubic meters of water. The project commenced on September 9, 2013 and was expected to reach completion in September 9, 2020.

Additional details

1. This project is also known as Phase 2 of Staung Chikreng River Basin Water Resources Development Project. The Chinese project title is 柬埔寨暹粒省芝格楞水资源开发项目二期. 2. The 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. Phase I of the Stung Chikreng River Basin Water Resources Development Project is captured via Project ID#38771.

Number of official sources

9

Number of total sources

12

Download the dataset

Details

Cofinanced

No

Direct receiving agencies [Type]

Government of Cambodia [Government Agency]

Loan Details

Maturity

20 years

Interest rate

1.25%

Grace period

7 years

Grant element (OECD Grant-Equiv)

57.4624%

Bilateral loan

Government Concessional Loan

Investment project loan