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

• Kongleaphy Keam
• 4 November 2021
• Uncategorized
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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.

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