France Provides US$23.3 million Loan to Cambodia to Upgrade Irrigation System

The French Agency for Development (AFD) has decided to provide over US$23.3 million in a loan and grant aid to Cambodia to rehabilitate and upgrade irrigation systems in Battambang and Banteay Meanchey provinces.

First Secretary of the Embassy of the French Republic in Cambodia Mr Fabrice Έtienne, Director of the French Development Agency (AFD) Oph–lie Bourhis, and Minister of Economy and Finance HE Aun Pornmoniroth signed the agreement on Wednesday 3 November.

Of the total budget, US$23 million is a concessional loan from AFD for the rehabilitation of 16 irrigation systems damaged by the floods in October 2020, eight of which are located in Battambang province and seven in Banteay Meanchey province.

Another US$0.346 million is a grant aid through the Facility for Support, Preparation, and Implementation of Project (FAPS) for the feasibility study of the Svay Chek River Rehabilitation Project in Banteay Meanchey province.

HE Aun Pornmoniroth stated that the financing of AFD and FAPS to Cambodia is clearly in response to the priority needs to contribute to the development and recovery of the Cambodian economy after the COVID-19 crisis by promoting agriculture and rural development.

- Video Advertisement -

Related Post

A $117 Million Economic Lifeline: Prime Minister Hun Manet Inaugurates Newly Expanded National Road 7

The newly upgraded 4-lane highway connecting Skun and Kampong Cham town is projected to deliver a 15.27% economic return, slashing travel times and boosting agricultural trade… In a major boost to Cambodia’s internal logistics network, a vital 45.489-kilometer section of National Road 7 connecting the Skun roundabout to the Kizuna Bridge roundabout in Kampong Cham […]

Maritime Geopolitical Rivalry Intensifies as Vietnam Accelerates $4 Billion Deep Sea Port Project in the Far South

The massive infrastructure development on Hon Khoai Island serves as both an economic gateway for the Mekong Delta and a strategic maritime shield amid shifting regional dynamics Ho Chi Minh City: The geopolitical and trade landscape of Southeast Asia is entering a highly competitive phase as nations across the region race to build strategic advantages. […]

Field Assessments Underway for Kandal Province New Strategic Bridge

A joint delegation evaluates four potential sites for the Koh Khsach Tonlea crossing to enhance rural connectivity and market access In a significant step forward for Cambodia’s infrastructure development, a multi-institutional technical team has launched a comprehensive field survey to determine the optimal location for the upcoming Koh Khsach Tonlea Bridge project in Kandal Province. […]

Cambodia Completes Major Expansion of National Road 7 Connecting Skun and Kampong Cham

The $117 million infrastructure upgrade backed by China is set for an official inauguration by Prime Minister Hun Manet in July… The extensive upgrade of National Road 7, stretching over 45 kilometers to connect the hub of Skun with Kampong Cham town, has officially reached 100% completion. To mark this infrastructural milestone, a formal handover […]

Cambodia to Upgrade National Road 4 Section in Chbar Mon to Drive Regional Economic Growth

The Kampong Speu Provincial Administration recently announced a comprehensive infrastructure initiative aimed at upgrading the aesthetics and functionality of a key section of National Road 4 within Chbar Mon City. The project is strategically designed to transform the province into a vital economic and commercial center for the region. This development plan was detailed in […]

Bassac Riverbank Stabilization Project in Kandal Reaches 60% Completion

The ongoing infrastructure initiative to reinforce the Bassac riverbank in Sampov Poun City, Kandal Province, has achieved a significant milestone, with construction teams completing approximately 60% of the designated works. Local authorities and engineering crews remain heavily committed to accelerating the remaining phases to ensure the project concludes entirely on schedule. During a recent field […]