Logo of Phnom Penh Post newspaper Phnom Penh Post - India loan signed to fund dam in Kampong Speu

India loan signed to fund dam in Kampong Speu

India loan signed to fund dam in Kampong Speu

India’s state-owned Export-Import Bank agreed to loan $36.92 million to the Cambodian government to fund the development of a dam and reservoir in Kampong Speu province.

The loan will fund the construction of the water management system on the Stung Sva Hab river in Phnom Srouch district. The Sva Hab sits upstream of Stung Prek Tnout, which provides irrigation for parts of Kampong Speu, Phnom Penh and Kandal provinces.

“When there is so much rain during rainy season, the dam will help to store water and stop it from flowing downstream [to Stung Prek Tnout], which will help reduce flooding,” said Chan Youttha, a spokesperson for the Ministry of Water Resources and Meteorology. “In the dry season, the dam will release water to [Stung Prek Tnout], and then it will be used for consumption and agriculture.”

The loan agreement was signed in New Delhi on Saturday by Preeti Saran, secretary (East) of the Ministry of External Affairs of India, and Phan Phalla, undersecretary of state at the Ministry of Economy and Finance. No details about the conditions or terms of the loan were made available.

Youttha said he expected construction on the dam to begin later this year or early next year, and estimated it would take three years to complete the project.

MOST VIEWED

  • Reuters: US Embassy fired 32 staff members for sharing pornography

    The United States Embassy in Phnom Penh has fired 32 non-diplomatic staff members who were allegedly caught exchanging pornographic images and video, including of minors, according to the news agency Reuters. Four sources, who spoke on condition of anonymity, told Reuters the content was shared in

  • Our 2018 guide to spending Khmer New Year in Phnom Penh

    Khmer New Year festivities are upon us. For the next few days, travellers will be making their way to their home provinces to eat, celebrate, play traditional games and visit a pagoda with offerings. If you will be staying put in Phnom Penh for the

  • US think tank warns of China's 'ulterior motives'

    A US think tank on Tuesday warned that spreading Chinese investment in the Indo-Pacific follows a pattern of leveraging geopolitical influence at the expense of the nations receiving investment, including Cambodia. The report looks at a sample of 15 Chinese port development projects, noting that the

  • More than three tonnes of ivory reportedly bound for Cambodia seized in Mozambique

    A total of 3.5 tonnes of ivory reportedly bound for Cambodia was seized by authorities in Mozambique late last week, according to the NGO Convention on International Trade in Endangered Species of Wild Fauna and Flora (CITES). CITES' information was based on a report from the