Project ID: 38815

China Eximbank provides RMB 329.7 million government concessional loan for Phase 2 of Stung Chikreng River Basin Water Resources Development Project in Kampong Thom Province (Linked to Project ID#38771)

Commitment amount

$ 52109583.85

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

Implementation (The next section lists the possible statuses.)

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment year

2013

2020-09-09

Planned completion

Description

On April 8, 2013, China Eximbank and the Government of Cambodia signed an RMB 329,750,000 government concessional loan (GCL) agreement [China EXIMBANK GCL No. 2012 (19) Total No. (464)] for Phase 2 of the Stung Chikreng River Basin Water Resources Development Project in Kampong Thom Province. The borrowing terms of the GCL were as follows: 20-year maturity, 7-year grace period, and 1.25% interest rate.The purpose of this project was to construct an irrigation dam and increase the supply of irrigated water to arable land in Kampong Thom Province. Upon completion, the project expected to cover a river catchment area of 4,357 km² — identified as a potential storage reservoir for irrigation in a 1984 study conducted by Mekong River Committee (MRC) — and hold about 550 million cubic meters of water. The project commenced on September 9, 2013 and was expected to reach completion in September 9, 2020.Phase I of the Stung Chikreng River Basin Water Resources Development Project is captured in linked Project ID#38771.

Additional details

This project is also known as Phase 2 of Staung Chikreng River Basin Water Resources Development Project. The Chinese project title is 柬埔寨暹粒省芝格楞水资源开发项目二期.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

9

Number of unofficial sources

3

Download the dataset

Details

Cofinanced

No

Receiving agencies [Type]

Government of Cambodia [Government Agency]

Loan type

Concessional

Maturity

20 years

Interest rate

1.25%

Grace period

7 years

Grant element

61.41959185%

Gurarantee provided

No

Insurance provided

No