Logo of Phnom Penh Post newspaper Phnom Penh Post - RDB extends deadline for rice-storage bidding

RDB extends deadline for rice-storage bidding

RDB extends deadline for rice-storage bidding

The government-run Rural Development Bank (RDB) has extended the deadline to receive proposals from registered Cambodian agricultural firms to develop rice storage and drying facilities after receiving a tepid response to its finance offer, a bank official said yesterday.

Kao Thach, chief executive of RDB, said firms would be given until September 22 to submit their proposals, adding that only four companies had submitted bids by the initial September 8 deadline.

“We did not receive enough proposals for the bidding process so we need to extend the deadline . . . in order to give millers or investors more opportunities to submit their applications,” he said.

RDB announced last month that it would provide up to $15 million in low-interest loans for companies with strong track records in rice milling and storage to build and operate rice storage warehouses and rice-drying facilities.

The proposed facilities would be constructed in Kampong Thom, Prey Veng and Takeo provinces, each with the capacity to store 50,000 tonnes of paddy rice and dry approximately 1,500 tonnes of rice daily.

The project’s warehouses and drying facilities are intended to be operational in time for the next rice harvest in January.

RDB received proposals from four companies, it said in a press release. The bank indicated that two companies – Amru Rice and Anduriz Cambodge Seal & Monita Trading Import Export – applied to build and operate facilities in Kampong Thom province, while Khmer Food Group applied to develop facilities in Prey Veng province. No valid applications were received for Takeo province.

Earlier this year RDB awarded a $15 million low-interest loan to Thanakea Srov (Kampuchea) Plc, the operator of the Cambodian Rice Bank, to expand its rice storage warehouse in Battambang province and develop the first privately-owned centralised storage facility. The new facility will have capacity to store 200,000 tonnes of wet paddy rice and to process 3,000 tonnes of paddy rice daily.

MOST VIEWED

  • Prince injured, wife dies after accident

    THE wife of former First Prime Minister Prince Norodom Ranariddh, Ouk Phalla, 39, died while the prince was “severely” injured following a road accident in Preah Sihanouk province’s Prey Nub district on Sunday morning, officials said. Rananriddh, who is also the president of the Funcinpec

  • Bun Heang mocks US, threatens its citizens in scathing open letter

    After being hit with sanctions from the US Department of Treasury, Cambodian General Hing Bun Heang said he would retaliate against any US national who does not respect his country’s sovereignty, has ambitions to invade Cambodia or incites “traitors” in the Kingdom to do

  • Ranariddh 'seriously injured', his wife dies in accident in Preah Sihanouk

    THE wife of former first prime minister Prince Norodom Ranariddh has died. Ouk Phalla succumbed to injuries sustained in a traffic accident on National Road 4 in Preah Sihanouk’s Prey Nub district this morning. She and the prince were immediately rushed to the Preah Sihanouk

  • US slammed over BGU head as Foreign Ministry says sanctions violate international principles

    The Ministry of Foreign Affairs and International Cooperation (MFAIC) has condemned the US Department of Treasury for its sanctions, announced on Tuesday, against Cambodian General Hing Bun Heang for his alleged role in infringing human rights. In a statement, the ministry said it is disturbing