Logo of Phnom Penh Post newspaper Phnom Penh Post - Adding irrigation: China loan for dam on Sreng river

Adding irrigation: China loan for dam on Sreng river

Adding irrigation: China loan for dam on Sreng river

CAMBODIA collected a US$52-million loan from the Export-Import Bank of China, to develop an irrigation project on the Steung Sreng river in northwest Cambodia, according to a press release yesterday.

“It is expected, after the completion, Steung Sreng basin will be able to cover 25,000 hectares of farm land in rainy season and 3,750 hectares in dry season,” it said.

The project is aimed to irrigate areas in Oddar Meancheay, Siem Reap, and Banteay Meancheay provinces. Minister of Economy and Finance Keat Chhon and bank Deputy President Zhu Hongje signed the loan agreement yesterday.

The loan was originally announced as part of $400-million loan package agreed to in December 2009.

MOST VIEWED

  • Ethnic group ‘disappointed’ to be denied French visas to attend court

    Eleven people at the centre of a case involving seven indigenous Bunong villages in Mondulkiri province pursuing legal action in France have expressed disappointment after the French embassy in Phnom Penh denied their visa applications to attend court. A press release said the 11 included a

  • Cambodia nabs 12th place in best retirement destinations

    Cambodia is an expatriate hotspot for those dreaming of living a more luxurious lifestyle at an affordable cost, according to International Living’s Annual Global Retirement Index 2019. For the fourth year in a row, Cambodia took the top spot in the Cost of Living category.

  • EU starts EBA withdrawal

    The EU on Monday announced that it has begun the 18-month process of withdrawing the Kingdom’s access to its preferential Everything But Arms (EBA) agreement over “a deterioration of democracy [and] respect for human rights”. However, the Garment Manufacturers Association of Cambodia (GMAC) said

  • PM: War result of foreign meddling

    Prime Minister Hun Sen said on Sunday that Cambodia’s recent history of conflict was caused by foreign interference. “The wars that happened were caused by provocation, incitement, support, smearing and interference from foreign powers, and the group of ignorant people who pushed Cambodia to