Contract on Investment of Agriculture and Processing between the Ministry of Agriculture, Forestry and Fisheries and Pheapimex Co., Ltd

Published by: Open Development Cambodia

The Ministry of Agriculture, Forestry and Fisheries agrees to provide the concession land covering an area of 176,065 hectares located in district of Toek Phos, Samaki Meanchey and Boribo, Kampong Chhnang province for Pheapimex Co., Ltd to own and use for agriculture production last for 70 years from the date 2000 to 2070.

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Contract on Investment of Agriculture and Processing between the Ministry of Agriculture, Forestry and Fisheries and Pheapimex Co., Ltd

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Additional Info

Field	Value
Geographic area (spatial range)	Cambodia
Topics	Concessions Economic land concessions and plantations Land Public land lease
Document type	Land Concession Contract
Contracting Parties	Phea Phimex Group Co. Ltd.
Government Entity (multiple)	Minister of Agriculture Forestry and Fisheries
Document reference no.	Letter No. 852
License	CC-BY-SA-4.0
Copyright	Yes
Access and use constraints	By accessing this website or database, users agree to take full responsibility for reliance on any site information provided and to hold harmless and waive any and all liability against individuals or entities associated with its development, form and content for any loss, harm or damage suffered as a result of its use.
Version / Edition	1
Language of document	English
Province(s)	Kampong Chhnang
Metadata Reference Information	Metadata last updated on 2017-02-23. For inquiries contact: Open Development Cambodia. Address: 43 St. 208, Phnom Penh, Cambodia. Email: contact@opendevcam.net, Website: http://www.opendevcam.net
Signature date	January 8, 2000
Contact	Pheapimex Co., Ltd #17 Street 55, Sangkat Chatomuk, Khan Daun Penh, Phnom Penh. Tel: (855) 12 827 888, (855) 23 212 240.
Granted area	176065
Contract term	70
Contract term unit	Years
Guaranty deposit for contract implementation ($)	20000
Land use planning	Year1,5000 Year2,6000 Year3,7000 Year4,8000 Year5,9000 Year6,10000 Year7,11900 Year8,11900 Year9,11900 Year10,11900 Year11,11900 Year12,11900 Year13,11900 Year14,11900 Year15,11900 Year16,11900 Year17,11900
Party's obligation in the implementation of the project	The Ministry of Agriculture, Forestry and Fisheries Seeking the essential measures from the concerned institutions in order to solve any incidents/problems for which any offenders violate the company under the terms and conditions of this agreement, such as development, use of land concession locations or claiming any part of concession area. Monitoring: The implementation of the contract of the company, the environmental impact, and Technical work and the business production programs. Informing in writing to the company 3 weeks prior to monitoring property and any modification over the land concession area. The Company: Agreeing to pay the deposit and rental fee correctly in the article 4 of this contract until the deadline Agreeing to cover all the expenditures on Monitoring and Research as shown in article 1.4 Preparing business production in accordance with plans as clarified in its own technical economic report and as in article 3 Having the right to collect and distribute the products locally and internationally in conformity with applicable principles Machinery equipment, spare parts and chemical materials that are imported for the purpose of business and the duty payment are fully dependent upon the determination by the Kingdom of Cambodia Allowing the Ministry and relevant institutions to monitor and assess the environmental impacts; and must implement according to the advices by Ministry and concerned institutions over the environment related issues. Buy the agricultural products from Cambodian farmers depending on the product quality and the prices prevailing at the market. During the forest clearance for business production, if mines such as gold, gemstone or the national heritage materials (on the ground or underground) must be maintained as the state property.
Job creation summary	Recruit local workers or foreign experts in order to advise or train local workers about cropping techniques of business production according to their immediate heeds respective to the Laws of Kingdom of Cambodia, in the case that experts are not available in the country.
Environmental protection obligation	Undertaking exploitation through already prepared plans such as: clear-cutting, road construction, cropping, maintenance, etc, in respect to conditions of sustainable uses of concession and environmental impacts caused directly by business production. Every construction of infrastructure like dam, and canal vulnerably causing the severe environmental impacts to surrounding areas must be permitted by either the Ministry or the concerned institutions.
Socio-cultural protection	Taking care of living standards as well as health and education of staff, workers, and their family members by assisting, by the company’s ability, settlement buildings, hospital, religious buildings, school, and recreational centers.
Fiscal duties summary	The company agree to pay taxes or other charge fee that are obliged by the Royal Government, including export duties compatible with the future laws.
Suspension and/or revocation or termination	In the event there are risk and uncertainty, the company must inform the Ministry in writing declaring the reasons for risking. The company shall temporarily stop operating during a period of risking and uncertainty.
Related Project	https://opendevelopmentcambodia.net/profiles/economic-land-concessions/?feature_id=elc_gdc_7
Legacy reference document	Agreement_between_Pheapimex_and_MAFF__08.01.2000.pdf
Open Contracting Identifier	ocds-miumsd-29300ced-c8a8-48b9-8e8e-8e1f367b9bbc
Date uploaded	March 28, 2017, 02:30 (UTC)
Date modified	April 28, 2017, 08:07 (UTC)