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

  • Hun Sen to ‘step down’ if he loses Sam Rainsy bet over Kem Sokha

    Hun Sen has promised to step down as prime minister while opposition figure Sam Rainsy pledges to turn himself in as forfeits if the long-term political rivals lose a “bet” over the future of former opposition leader Kem Sokha, who is on bail awaiting trial

  • UAE prince seeks to invest in Cambodia

    The UAE has expressed interest in Cambodian oil and gas exploration. Minister of Mines and Energy Suy Sem said this was the result of his discussions with Sheikh Ahmed bin Dalmook bin Juma al-Maktoum, a member of the royal family who visited him on Wednesday.

  • Smith calls for ‘release’ of Sokha as visit ends

    At a press conference to conclude her 11-day visit to Cambodia, UN Special Rapporteur for Human Rights in Cambodia Rhona Smith on Thursday called for treason charges against former opposition leader Kem Sokha to be dropped and for him to be released from “restricted detention”.

  • PM denies ‘nepotism’ claims

    Prime minister Hun Sen denied on Thursday that nepotism was involved in the recent promotions of the children of senior government officials. He said they had been “trained” and were entirely capable of carrying out their duties while being open to “punishment” like anyone else.