Rice bank project awards contracts
Thaneakea Srov (Kampuchea) Plc, the recipient of a low-interest $15 million loan from the state-run Rural Development Bank, inked contracts on April 24 with three companies to build and outfit its massive 200,000-tonne capacity silo and warehouse facility in Battambang province. The facility, which will have an attached mill capable of processing 3,000 tonnes of paddy rice a day, signed a construction agreement with the Cambodian company NGY Investment. It will also purchase machinery from Taiwan’s Agrosun Co Ltd, and Thailand’s International Rice Engineering Co Ltd, according to an announcement by the Rural Development Bank yesterday. Phou Puy, CEO of Thaneakea Srov, said the construction of the facility would begin shortly, with the silo portion expected to be completed by August while the rice mill should be fully operational for the 2018 harvest season.
