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- Operations
- Pyongnam Irrigation Rehabilitation Project
Pyongnam Irrigation Rehabilitation Project
Korea DPR
| Borrower | Korea DPR |
| Financing Type | Public Sector |
| Instrument | Project Loan |
| Focus Area | Agriculture |
| Approved | 17.06.1999 |
| Signed | 02.12.1999 |
| Status | Completed |
| Loan Administrator | OPEC Fund |
| Executing Agency | The Ministry of Agriculture |
| Co-financiers | Government |
| OPEC Fund Contribution (US$m) | 10.00 |
| Total Project Cost (US$m) | 33.42 |
This loan helped finance Phase I of a project to rehabilitate the 106,000-hectare Pyongnam Irrigation System. The electric pumping system was replaced with a gravity-fed one, and 154 km of canal, and intake barrage, hydraulic structures and tunnels were constructed. In addition to improving farmers’ incomes, the scheme has also helped boost food security.