Project ID: 35591

China Eximbank provides RMB 209 million government concessional loan to Cambodia for Phase 2 of Kanghot Irrigation Development Project (linked to #32187)

Commitment amount

$ 33742272.86

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

Loan

Concessional

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

Completion (The next section lists the possible statuses.)

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment year

2012

Completion

2016

2016-11-01

Planned

2016-11-01

Actual

Description

On March 31, 2012, China Eximbank and the Government of Cambodia signed an RMB 209,000,000 government concessional loan (GCL) agreement [China Eximbank GCL No. 2012 (52) Total No. (402)] for Phase 2 of the Kanghot Irrigation Development Project. The borrowing terms of the loan were as follows: 20-year maturity, 7-year grace period, and 1.25% interest rate. The proceeds from the loan were used to partially finance an EPC contract with Guangdong Foreign Construction Company (GDFC).The purpose of the project was to construct an irrigation system in the Kanghot (or Kang-hot or Konghot) area within Battambang Province. GDFC was the EPC contractor responsible for implementation. The project began on November 1, 2012 and was completed on November 1, 2016.China Eximbank also provided a PBC loan for Phase 1 of the Kanghot Irrigation Development Project (captured in linked Project ID#32187).

Additional details

The Chinese project title is 马德望省刚霍(Kanghot)灌溉系统开发项目 or 马德望Kanghot灌溉发展项目——第II期水利工程 or KANGHOT灌溉发展二期项目. This 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

13

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

1.25%

Grace period

7 years

Grant element

61.41959185%

Gurarantee provided

No

Insurance provided

No