Signing of Japanese ODA Loan Agreement with the Kingdom of Cambodia: Contributing to increased productivity of agriculture through the improvement of the irrigation and drainage facilities of provinces in the southwest of Phnom Penh
On April 27, the Japan International Cooperation Agency (JICA) signed a loan agreement with the Royal Government of Cambodia in Phnom Penh, the capital city of Cambodia, to provide a Japanese ODA loan of up to 2,482 million yen for the Southwest Phnom Penh Irrigation and Drainage Rehabilitation and Improvement Project (II).
The objective of the project is to increase the productivity of agriculture in the impoverished region comprising Kampong Speu province, Takeo province, and Kandal province, mostly located southwest of Phnom Penh, by improving irrigation and drainage facilities. In doing so, the project will increase farmers’ incomes as well as help the region recover from COVID-19, thereby contributing to the achievement of SDGs (Sustainable Development Goals) Goals 1 (No poverty) and 2 (Zero hunger).
The yen loan for the first term (L/A signed in July 2014 for 5,606 million yen) of this project has already been provided, and the current yen loan will cover the second term.
Details for the project are provided below.
|Annual interest rate (%)||Repayment
|Southwest Phnom Penh Irrigation and Drainage Rehabilitation and Improvement Project (II)||2,482||TORF + 40bp||0.01||30||10||General untied|
Ministry of Water Resources and Meteorology
Address: #346 Monivong Boulevard, Sangkat Phsar Daeum Thkov, Khan Chamkar Morn, Phnom Penh, Cambodia