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China Eximbank provides $43 million preferential buyer’s credit for Phase 2 of Sreng Water Basin Development Project (Linked to Record ID#35568)
| Funder | Export-Import Bank of China (China Eximbank) |
|---|---|
| Recipient Organization | Government of Cambodia |
| Country | Cambodia |
| Start Date | Jun 09, 2014 |
| End Date | Jan 06, 2033 |
| Duration | 6,786 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 62150 |
Grant Description
China Eximbank provides $43 million preferential buyer’s credit for Phase 2 of Sreng Water Basin Development Project On June 9, 2014, China Eximbank and the Government of Cambodia signed a $43,035,551 preferential buyer’s credit (PBC) agreement for Phase 2 of the Sreng River Basin Water Resources Development Project.
The proceeds of the PBC were used to partially finance an EPC contract with Sinohydro Bureau 8 Co., Ltd., which was signed on December 5, 2013.
The purpose of this project was to increase the supply of irrigated water to Oddar Meanchey, Siem Reap, and Banteay Meanchey provinces in northwest Cambodia.
Upon completion, it was expected that the project would be able to cover 31,600 hectares of farmland in the rainy season and 25,500 hectares of farmland in the dry season. Northwest Engineering Corporation Ltd. was the contractor responsible for project design. Sinohydro Bureau 8 Co., Ltd. was the contractor responsible for project implementation.
The project commenced on October 15, 2014, and it was successfully completed and handed over to the Cambodian Government on March 30, 2017.
Staff Comments
- The Chinese project title is 斯伦水利开发项目（二期）or 斯伦河二期工程.
- 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.
- China Eximbank also provided a loan for Phase 1 of the Sreng Water Basin Development Project (captured in Project ID#35568).
Sources & References
- Project/Program Information and Implementation Arrangements
- 斯伦河枢纽成功拦蓄柬埔寨特大洪水 地方政府发来感谢信
- 斯伦河二期获柬埔寨王国工程建设领域最高荣誉
- 水电八局斯伦河二期项目获柬埔寨王国“鲁班奖”
- 中国电建签订柬埔寨斯伦水利开发项目（二期）总承包协议
- 柬埔寨斯伦河二期工程全线封顶
- 西北院与中国水电签订斯伦水利开发项目（二期）设计与技术服务合同
- CHINA-AID PROJECTS IN CAMBODIA PROUD ACHIEVEMENTS UNDER THE BELT AND ROAD INITIATIVE
- China Overseas Development Finance
- Sreng River Basin Water Resources Development Project/Program Information and Implementation Arrangements 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.
All Grantees
Government of Cambodia
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