Active Mixed AidData Chinese Aid

China Eximbank provides $116.2 million preferential buyer’s credit for Prek Tnaot Irrigation and Flood Protection Project

¥116.27M RMB

Funder	Export-Import Bank of China (China Eximbank)
Recipient Organization	Government of Cambodia
Country	Cambodia
Start Date	Jul 20, 2021
End Date	Sep 22, 2030
Duration	3,351 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`95954`

Grant Description

China Eximbank provides $116.2 million preferential buyer’s credit for Prek Tnaot Irrigation and Flood Protection Project On July 20, 2021, China Eximbank and the Government of Cambodia signed a $116,270,500 preferential buyer’s credit (PBC) agreement for the Prek Tnaot Irrigation and Flood Protection Project (Khmer:ត្តគម្រោងប្រព័ន្ធស្រោចស្រពនិងការពារទឹកជំនន់ព្រែកត្នោត).

📋 Loan / Grant Terms

📅 Maturity20 years

⏳ Grace Period7 years

💹 Interest Rate2%

By the end of calendar year 2021, the loan had achieved a 30% disbursement rate ($34,881,150 out of $116,270,500).

The purpose of the project is to deepen 20 kilometers of the Prek Tnaot River and to upgrade the sluice gates in Phnom Penh and Kandal provinces to reduce flooding.

Guangdong Foreign Construction Co., Ltd and Guangdong Yuantian Engineering Company Co., Ltd. are the contractors responsible for project implementation. Their work is being supervised by Cambodia’s Ministry of Water Resources and Meteorology.

The project officially commenced on December 1, 2021 and it was originally scheduled to reach completion in December 31, 2023. As of January 2022, the project had achieved a 22% completion rate. By May 24, 2024, the Cambodian Government reported the project is 95% completed.

📋 Staff Comments

1. This project is also known as the Prek Tnout Irrigation Development Project in Phnom Penh, Kandal and Takeo Provinces and ត្តគម្រោងប្រព័ន្ធស្រោចស្រពនិងការពារទឹកជំនន់ព្រែកត្នោត in Khmer.

📚 Sources & References

Project/Program Information and Implementation Arrangements, ទៅមើលការអនុវត្តគម្រោងប្រព័ន្ធស្រោចស្រពនិងការពារទឹកជំនន់ព្រែកត្នោត
China provides around $140 million in grants for development, របាយករណ៍ ស�ីពី គេ្រមាងឥណទនសម្បទន និងហិរ��ប្បទនឥតសំណង ែដលរជរដ� ភិបាលកម�ុ ជា បានចុះហត�េលខជាមួយស� ប័នហិរ��វត�អន�រជាតិពហុភាគី ុ និងរដ� ភិបាលបរេទសេទ�ភាគី ក�ងឆមាសទី២ ឆា� ំ២០ ុ ២១
Cambodia ODA Database
Prek Tnaot restored to prevent flooding
Ministry deepening Stung Prek Tnaot River to reduce flooding, វឌ្ឍនភាពគម្រោងការពារទឹកជំនន់ស្ទឹងព្រែកត្នោត និងពង្វាងទឹកចេញពីភូមិសាស្ត្ររាជធានីភ្នំពេញ សម្រេចបាន ៩៥%
Prek Tnout Irrigation Development Project in Phnom Penh
Kandal and Takeo Province Project/Program Information and Implementation Arrangements
PM Inspects Flood Prevention System in Phnom Penh and Satellite Areas
Stung Prek Tnaot Rehabilitation Project Nears Completion with 95% Progress Loan applications and disbursements are still being received and processed as the projects continue to evolve. Ongoing monitoring and evaluation are in place to ensure project continuity.