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

  • ‘Kingdom one of safest to visit in Covid-19 era’

    The Ministry of Tourism on January 12 proclaimed Cambodia as one of the safest countries to visit in light of the Kingdom having been ranked number one in the world by the Senegalese Economic Prospective Bureau for its success in handling the Covid-19 pandemic. In rankings

  • Kingdom accepts Chinese vaccine, PM first to get jab

    Prime Minister Hun Sen said China would offer Cambodia an immediate donation of one million doses of the Covid-19 vaccine produced by the Sinopharm company. In an audio message addressing the public on the night of January 15, he said Cambodia has accepted the offer and

  • Reeling in Cambodia’s real estate sector

    A new norm sets the scene but risks continue to play out in the background A cold wind sweeps through the streets of Boeung Trabek on an early January morning as buyers and traders engage in commerce under bright blue skies. From a distance, the

  • Hun Sen: Lakes filled in for national developments

    Prime Minister Hun Sen has announced continued operations to fill some lakes in Phnom Penh to create land for developments, though he is against the unrelated practice of damming rivers or blocking waterways. Speaking at the inauguration of the Ministry of Public Works and Transport

  • Koh Preus upgrades 70% complete

    Initial construction of a nearly $30 million tourism infrastructure project on Preah Sihanouk province’s Koh Preus Island is “about 70 per cent complete”, according to an official with the developer. Heng Thou, construction site manager of Angela Real Estate Co Ltd (ARE), told The Post that

  • Local media loses a giant, and The Post a great friend

    Cheang Sokha, a gifted and streetwise reporter who rose to the highest ranks of Cambodian media and was beloved for his sharp intelligence, world-class humour and endless generosity, died on Friday in his hometown of Phnom Penh. He was 42. His wife, Sok Sophorn, said he