Project ID: 32176

China Eximbank provides $31 million preferential buyer's credit for Kampong Trabek River Flood Control Project

Commitment amount

$ 40434028.89

Constant 2017 USD

Summary

Funding agency [Type]

Export-Import Bank of China [State-owned Policy Bank]

Recipient

Cambodia

Sector

Agriculture, forestry, fishing (Code: 310)

Flow type

Export Buyer's Credit

Concessional

Yes

Category

Intent

Mixed (The next section lists the possible statuses.)

Commercial

Development

Representational

Mixed

Financial Flow Classification

OOF-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

Completion (The next section lists the possible statuses.)

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment year

2009

Implementation

2010

2010-11-24

Actual start

Completion

2015

2015-03-21

Actual

Description

On December 21, 2009, China Eximbank and the Government of Cambodia signed a $31,014,469 preferential buyer’s credit (PBC) agreement for the Kampong Trabek River Flood Control Project. The agreement was signed by Cambodian Secretary of State and Minister of Economy and Finance, H.E. On Poan Monirath and the Chairman of China Eximbank, Mr. Li Ruogu. The proceeds from the loan were used to partially finance an EPC contract with Guangdong Construction Engineering Construction Co., Ltd. (GDFC).The purpose of this project was to improve flood control standards and upgrade land utilization, cultivation conditions, and grain output in Prey Veng Province. It involved the construction of a flood control dyke on both banks of Preaek Tra Beak river together with field irrigation and drainage system so as to provide an irrigation water source and ensure drainage capability.GDFC was the contractor responsible for implementation. The project commenced on November 24, 2010 and was completed by March 21, 2015.

Additional details

The Chinese project title is Kampong Trabek河防洪项目 or 柬埔寨菠萝勉省防洪工程.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.

Number of official sources

12

Number of unofficial sources

5

Download the dataset

Details

Cofinanced

No

Receiving agencies [Type]

Government of Cambodia [Government Agency]

Implementing agencies [Type]

Guangdong Construction Engineering Group Co. [State-owned Company]

Loan type

Concessional

Gurarantee provided

No

Insurance provided

No