Contract between The Ministry of Agriculture Forestry and Fishery and Golden Land Development Co., Ltd on Agro-Industrial Plantation and Establishment of Processing Factory

The Ministry of Agriculture Forestry and Fishery agrees to grant land concession of 4,900 hectares, which situated in Phnom Srouch district, Kampong Speu province to Golden Land Development Co.,Ltd for agro-industrial plantation and processing factory establishment as the 70 years contract term.

Data Resources (1)

Data Resource Preview - Contract on Agro-Industry and Animals Farming Investments between Kampong Thom Investment Sub-Committee and Golden Farming Investment Co., Ltd

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
  • Golden Land Development Co. Ltd.
Government Entity (multiple)
  • Minister of Agriculture Forestry and Fisheries
License CC-BY-SA-4.0
Copyright Yes
Access and use constraints

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Version / Edition 1
Language of document
  • English
Province(s)
  • Kampong Speu
Metadata Reference Information

Metadata last updated on 2017-03-17. For inquiries contact:

Open Development Cambodia, Email: contact@opendevcam.net, Website: http://www.opendevcam.net Address: 43 St. 208, Phnom Penh, Cambodia

Signature date 2004-03-04
Contact

Golden Land Development Co, Ltd #242 Russian Federation Boulevard, Sangkat Kakab, Khan Dangkor, Phnom Penh. Tel: (855)23 890 307, Fax: (855) 23 890308

Granted area 4900
Contract term 70
Contract term unit Years
Guaranty deposit for contract implementation ($) 4900
Land use planning Year1, 600 Year2, 700 Year3, 800 Year4, 900 Year5, 900 Year6, 1000
Land use planning unit Ha
Party's obligation in the implementation of the project

The Ministry of Agriculture, Forestry and Fisheries

  • Providing intervention to the relevant institutions in order to address any problems involving those who commit offense and violate the rights of the company in respect of the implementation framework defined in this agreement as to the usage or confiscation of any part of the location.
  • Monitoring: The implementation of the contract of the company, The environmental impact, and Technical work and the business production program of the company.

The Company:

  • Agreeing to pay the deposit and fee in accordance with article 4 of this contract until the termination
  • Agreeing to be responsible for the expenses of the survey and study and compromise on the involved land as stated in 1.4
  • Outline management and development plan on the location and submit the plan to the Ministry in 6 months after the contract has been signed. This management plan shall have a master plan for the strategic development-location usage schedule, other technical practices and a balanced economic-financial plan for long-term development
  • Prepare the produce-exploitation work following plan as stated in technical-economy report and the contract
  • Has the right to transfer, buying, distribution, product trafficking in and outside the country following principle and effective law.
  • Machinery equipment, spare parts and chemical materials that are imported for the purpose of business production will incur additional taxes according to the law of kingdom of Cambodia
  • Allowing the Ministry and relevant institutions to monitor and evaluate its activities regarding environment impact and subsequently following the instruction of the Ministry and relevant institutions as to the protection of the environment.
Job creation summary

Has right to recruit labor forces or local technicians for advice or technical training about production-exploitation if it needs, by complying with the law of the law of the Kingdom of Cambodia. If there are no Cambodian technicians, it has right to hire foreign technicians.

Environmental protection obligation
  • Implement the production-exploitation work such as forest clearing, road construction, planting and caring – shall respect condition of natural resource sustainability and environmental impact derived from production-exploitation work.
  • Before developing the land, the company shall ask permission from the Ministry to cut down process or transport trees on the land and shall pay royalty to the ministry on the basis of the forestry law
Socio-cultural protection
  • Taking care of living and health of employees, workers and their families, required to build accommodation, hospital, pagoda, school, entertainment for them.
  • All the infrastructure such as dam, dike, which could affect the surrounding, shall obtain permission from the Ministry or the relevant authorities.
Suspension and/or revocation or termination
  • The company has the right to withdraw from the whole project or partly in uncontrollable condition after receiving agreement from the Ministry. The withdrawal or sale of factories materials cargoes ships and other transport facilities and installed materials shall be done following the law.
  • If the company withdraws from the project, it shall take full responsibility before the investment law of the Kingdom of Cambodia.
  • If the company fails to start its operation within year after the agreement signed, the royal government has the right to revoke agreement without reason and no compensation is made for any damage. Such suspension means the company deposit will be confiscated and become the state property.
Related Project

https://opendevelopmentcambodia.net/profiles/economic-land-concessions/?feature_id=elc_gdc_17

Legacy reference document Golden_Land_Development_Co.Ltd__04.06.2004.pdf
Date uploaded March 24, 2017, 02:23 (UTC)
Date modified April 26, 2017, 10:13 (UTC)