Rice millers to build storage facilities with ADB loan

[Adam Xie]

Khmer times:

Selected rice millers in Battambang, Kampong Thom, and Prey Veng have been granted access to $10 million loaned by the Asian Development Bank (ADB) to build warehouses and silos.

https://www.khmertimeskh.com/50639239/r ... -adb-loan/

Another good news

[CEOCambodiaNews]

US$10 Million Agreement on Rice Warehouse and Silo Installation Signed
AKP Phnom Penh, September 04, 2019 --

Agreement has been reached to build rice warehouses and silos in three provinces, which will contribute essentially to enhancing capacity of rice processing for exports to international markets.

The agreement was signed lately by Rice-SDP (Climate Resilient Rice Commercialisation Sector Development Programme) of the Ministry of Economy and Finance, Rural Development Bank (RDB), and rice millers.

Under the agreement, selected rice millers will build rice warehouses and silos in three provinces of Battambang, Kampong Thom, and Prey Veng using US$10 million loan from the Asia Development Bank (ADB) through RDB.

Rice processing facilities are needed as Cambodia sets its goal to export a million tons of milled rice to international markets in the next three years.

So far, warehouses and silos were built in Battambang, Kampong Thom, Prey Veng, and Takeo provinces, through US$30 million emergency loan which is government-led loan scheme through RDB to rice millers.

With increased capacity to 5,000 tons for rice warehouses and 1,500 tons for silos in a bid to expand rice storage in the harvest season, the US$30 million for loans to build rice warehouses and silos carry five percent interest rate and repayments over ten years.

By Chea Vannak
https://www.akp.gov.kh/post/detail/16350

[CEOCambodiaNews]

PM HE Encourages Bangladeshi Investors to Invest in Rice Warehouse and Mill Construction in Cambodia
AKP Phnom Penh, January 06, 2020 --

Samdech Akka Moha Sena Padei Techo HE, Prime Minister of the Kingdom of Cambodia, has encouraged Bangladeshi investors to invest in constructing rice warehouses and mills in Cambodia.

According to his assistant Eang Sophalleth, the Premier made the encouragement here this afternoon while receiving courtesy call from a visiting Bangladeshi parliamentary delegation led by H.E. Muhammad Faruk Khan, Chairman of the Parliamentary Standing Committee on Foreign Affairs.

Samdech Techo HE went on that Bangladeshi investors can buy paddy rice directly from farmers and process it before exporting to Bangladesh.
https://www.akp.gov.kh/post/detail/23688