Project ID: 32187

China Eximbank provides $49.9 million preferential buyer's credit loan for Phase 1 of Kanghot Irrigation Development Project (linked to #35591)

Commitment amount

$ 65070985.98

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

2010-11-26

Actual start

Completion

2013

2013-06-04

Actual

Description

On October 23, 2009, China Eximbank and the Government of Cambodia signed a $49,911,971 Preferential Buyer's Credit (PBC) loan agreement for Phase 1 of the Kanghot Irrigation Development Project. The borrowing terms of the loan were as follows: 20-year maturity, 7-year grace period, and 2% interest rate. The proceeds from the PBC were used to partially finance an EPC contract with Guangdong Foreign Construction Company (GDFC). The Cambodian government also contributed $13 million to the project.The purpose of the project was to construct an irrigation system in the Kanghot (or Kang-hot or Konghot) area within Battambang Province. It involved the construction of a river barrage and water diversion dam, water irrigation and drainage channels, and channel auxiliary buildings. Upon completion, it was expected that the project would make approximately 34.3 thousand hectares of farmland available in the Banan and Sangke districts.GDFC was the EPC contractor responsible for implementation. The project commenced on November 26, 2010 and ended on June 4, 2013.China Eximbank also provided a Government Concessional Loan (GCL) for Phase 2 of the Kanghot Irrigation Development Project (captured in linked Project ID#35591).

Additional details

The Chinese project title is 马德望省Kang-hot灌溉发展项目一期.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

14

Number of unofficial sources

4

Download the dataset

Details

Cofinanced

No

Receiving agencies [Type]

Government of Cambodia [Government Agency]

Implementing agencies [Type]

Guangdong Foreign Construction Co., Ltd (GDFC) [State-owned Company]

Loan type

Concessional

Maturity

20 years

Interest rate

2.0%

Grace period

7 years

Grant element

56.00770973%

Gurarantee provided

No

Insurance provided

No