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

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

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

3