Project ID: 35595

China Eximbank provides RMB 291 million government concessional loan for Prek Stung Keo Water Resources Development Project

Commitment amount

$ 59872672.931441866

Adjusted commitment amount

$ 59872672.93

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

Completion (The next section lists the possible statuses.)

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment

2010-11-04

Actual start

2011-01-05

Actual complete

2015-01-05

Geography

Description

On November 4, 2010, China Eximbank and the Government of Cambodia signed an RMB 291,000,000 government concessional loan (GCL) agreement for the Prek Stung Keo Water Resources Development Project. 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 Foreign Construction Company (GDFC). The purpose of the project was to improve the livelihood of farmers and increase agricultural productivity and crop production in Kampot Province. GDFC was the EPC contractor responsible for project implementation. The project was supervised by Guangzhou Wanan Construction Supervision Company. The project commenced on January 5, 2011, and it was completed on January 5, 2015.

Additional details

1. The Chinese project title is 柬埔寨贡布省Prek Stung Kev水利资源发展项目. 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.

Number of official sources

11

Number of total sources

14

Download the dataset

Details

Cofinanced

No

Direct receiving agencies [Type]

Government of Cambodia [Government Agency]

Implementing agencies [Type]

Guangzhou Wanan Construction Supervision, Co. Ltd. [State-owned Company]

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

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