China Eximbank provides $8.075 million preferential buyer’s credit for Nam Mang III Irrigation Development Project (Linked to Project ID#63225 and Project ID#63233)

On March 11, 2011, China Eximbank signed a preferential buyer’s credit (PBC) agreement for the Nam Mang III Irrigation Development Project (or Nam Mang 3 Irrigation Development Project). The borrowing terms of the PBC are unknown. However, it is known that the borrower was to use the PBC proceeds to finance 95% of the $8.5 million cost of a commercial (EPC) contract with Guangdong No.3 Water Resources and Hydropower Engineering Board (广东省水利水电第三工程局). The purpose of the project was to construct and upgrade existing irrigation channels and streams — measuring around 17,700 meters in length — that link three reservoirs supported by the Nam Mang III Hydroelectric Power Plant (also funded by China Eximbank; see Project ID#63225 and Project ID#63233). The system was then to be fed by an additional reservoir, Nam Pod, which is located about 7 km from the existing Nam Mang 3 reservoir in the mountainous area of Phou Khao Khouay. Guangdong No.3 Water Resources and Hydropower Engineering Board (广东省水利水电第三工程局) was the EPC contractor responsible for implementation. The construction phase of the Nam Mang 3 Irrigation Development Project (Nam Pot) began in February 2012 and concluded in November 2013, six months ahead of schedule. The project was reportedly able to supply water to about 1,560 hectares of rice paddies in the dry season and more than 2,000 ha in the wet season.

Additional details

This project is also known the Nam Mang 3 Irrigation Project, the NM3 Irrigation Project, and the Nam Mang 3 Irrigation Expansion Project. The Chinese project title is 老挝南梦三灌溉发展项目 or 的万象省南梦三水利灌溉项目. 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

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