Mozambique - Beira Transport Corridor Project

Document of The World Bank FOR OFFICIAL USE ONLY Report No. P-5049-MOZ MEMORANDUM AND RECOMMENDATION OF THE PRESIDENT OF THE INTERNATIONAL DEVELOPMENT ASSOCIATION TO THE EXECUTIVE DIRECTORS ON A PROPOSED CREDIT OF SDR 31 MILLION (US$40 MILLION EQUIVALENT) TO THE PEOPLE'S REPUBLIC OF MOZAMBIQUE FOR THE BEIRA TRANSPORT CORRIDOR PROJECT JULY 18, 1989 This doument has a estricted distribution and may be used by recipients only In the performance of their official duties. Its contents may not otherwise be disclosed without World Bank authorization.  CURRENCY EQUIVALENTS Currency Unit - Metical (plural Meticais) US$1 715 Meticais (Mts) 05101/89 Mt 100 - US$0.14 MEASURES AND EQUIVALENTS 1 Meter (m) 3.28 Feet 1 Square Meter (m.sq) 10.76 Square Feet I Hectare 2.47 Acres 1 Kilometer - 0.62 Miles ABBREVIATIONS AND ACRONYMS AfDB - African Development Bank BCA B Beira Corridor Authority BTC 8 Beira Transport Corridor CFM(C) - Caminhos de Ferro de Mocambique (Centro) CFM(N) . Caminhos de Ferro de Mocambique (Norte) CFM(S) - Caminhos de Ferro de Mocambique (Sul) CFM,EE - Caminhos de Ferro de Mocambique, Empresa Estatal CPMZ - Companhia Pipeline Mozambique-Zimbabwe DNPCF - Direccao Nacional de Portos e Caminhos de Ferro EDF - European Development Fund EEC - European Economic Community GDR - German Democratic Republic MBA 3 Machipanda Beira Authority (Zimbabwe) MIS - Management Information System MT - Metric Ton (1,000 kg) MTC - Ministry of Transport and Communications NRZ - National Railways of Zimbabwe RENFE = Red Nacional de los Ferrocarriles Espanoles RITES = Rail India Technical and Economic Services RSA Republic of South Africa SADCC = Southern Africa Development Coordination Conferenc( SATCC = Southern Africa Transport and Communications Commission SETEP = Secretariate of State for Technical and Vocational Training UEM = University Eduardo Mondlane U.K.ODA = United Kingdom Overseas Development Administration USAID United States Agency for International Development WFP = World Food Program  FOR OMCIAL USE ONLY MOZAMBIQUE BEIRA TRANSPORT CORRIDOR PROJECT Credit and Pro1ect Summary * Borrower: People's Republic of Mozambique Beneficiary: Ministry of Transport and Communications * (MTC), National Directorate of Ports and Railways (DNPCF), The Beira Corridor Authority (BCA), Central Railway System (CFM,C), Northern Railway System (CFM,N), Southern Railway System (CFM,S), Secretariate of State for Technical and Vocational Training (SETEP). Amount: SDR 31 Million (US$40 million) Terms: Standard IDA terms with 40 years maturity Onlending Terms: 7.65% over 30 years including 5 years grace. DNPCF will bear the foreign exchange risk. Financina Plan: Local Foreign Total -------------iSS Million------------ Mozambique Goverrment 4.3 - 4.3 Proposed IDA Credit 40.0 40.0 Project cof inancing: Japan - 8.0 8.0 Spain - 3.5 3.5 Portugal - 1.0 1.0 Canada - 17.0 17.0 Sub-total Project 4.3 69.5 73.8 Other Parallel financing of the Program: EEC 3.0 70.7 73.7 Norway 0.7 16.6 17.3 Sweden 1.0 24.2 25.2 Finland 0.7 19.6 20.3 Denmark 0.8 22.4 23.2 Federal Rep. of Germany - 1.8 1.8 The Netherlands 1.0 24.4 25.4 Belgium - 2.3 2.3 Italy 0.8 22.0 22.8 U.K. - 1.8 1.8 Austria 0.1 4.7 4.8 AfDB 4.3 33.0 37.3 USAID 0.7 9.3 10.0 Canada 1.0 3.7 4.7 UNDP 0.1 0.4 0.5 Total Program 18.5 326.4 344.9 .,- - -I This document has a restricted distribution and may be used by recipients only in the performance of their official duties. Its contents may not otherwise be disclosed without World Bank authori.ation.  Estimated Disbursements FY90 FY91 FY92 FY93 FY94 FY95 FY96 Annual 4.0 12.0 10.0 6.0 5.0 2.0 1.0 Cumulative 4.0 16.0 26.0 32.0 37.0 39M0 40.0 Economic Rate of Return: 14