Colombia - Domestic Aviation Development Project

FILE COPY Document of The World Bank FOR OFFICIAL USE ONLY Report No. P-2383-CO REPORT AND RECOMMENDATION OF THE PRESIDENT OF THE INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT TO THE EXECUITVE DIRECTORS ON A PROPOSED LOAN TO THE REPUBLIC OF COLOMBIA FOR AN AVIATION DEVELOPMENT PROJECT September 28, 1978 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 authorization.  CURRENCY EQUIVALENTS Average Calendar 1977 August 15, 1978 Currency Unit Peso - Col $ Col $ US$1 - Col$37.6 39.08 Col$1 US$0.0266 0.02559 WEIGHTS AND MEASURES Metric System GLOSSARY OF ABBREVIATIONS CNR Colombian National Railways CNT Corporacion Nacional de Turismo DAAC Civil Aeronautics Administration Department FALPRO Facilitation Program of UNCTAD FAN National Aeronautic Fund ICAO International Civil Aviation Organization IDA International Development Association IDB Inter-American Development Bank MOPT Ministry of Public Works and Transport (after January 1976) UNDP United Nations Development Programme FISCAL YEAR January 1 to December 31  FOR OFFICIAL USE ONLY Page 1 of 2 COLOMBIA AVIATION DEVELOPMENT PROJECT LOAN AND PROJECT SUMMARY Borrower: Republic of Colombia Executing Agency: Civil Aeronautics Administration Department (DAAC) and National Aeronautic Fund (FAN) Amount: US$61.0 million equivalent Terms: Repayment in 17 years, including 4 years of grace; interest at 7.9% per annum. Prolect Description: The project forms part of the 1978-1983 national aviation development program and would assist in providing necessary infrastructure to meet air transport demand. The project would also support the Government's efforts to strengthen institutions in the transport sector. It includes: (a) improvements to the Bogota and Cartagena airports; (b) development of a new domestic airport at Medellin; (c) provision of a facility flight inspection aircraft; (d) preparation of a Master Development Plan for Bogota airport; (e) a study of the value of the assets of the National Aeronautic Fund (FAN); (f) a study of airport user charges; (g) a study of air fare and freight rate tariff-setting policy and guidelines; (h) a study of customs procedures; and (i) technical assistance and training for the Civil Aeronautics Administration Department (DAAC) and FAN. The project would, through approximately 1990, remove the air traffic bottlenecks at the Bogota and Medellin airports and enable the Cartagena airport to accommodate forecast traffic. Concommitantly, the project would significantly increase the amount of time during which aircraft can operate safely. Moreover, the project would extend to the aviation subsector the Bank's ongoing efforts to proaote efficient development of the transport sector, with special emphasis on management, planning and operational capability. This document has a restricted distribution and may be used by recipients only in the performance of their ofcial duties. Its contents may not otherwise be disclosed without World Bank authorization.  Page 2 of 2 Estimated Cost: Local Foreign Total -------- US$ million equivalent -------- Civil Works 17.0 25.8 42.8 Buildings and Materials 5.6 5.1 10.7 Equipment 1.3 5.5 6.8 Land Acquisition 1.2 - 1.2 Engineering 2.2 2.2 4.4 Technical Assistance, Consultants and Training 0.6 1.8 2.4 Inspection Aircraft 1.5 4.5 6.0 Base Cost 29.4 44.9 74.3 Physical Contingencies 2.9 4.5 7.4 Price Contingencies 4.2 11.9 16.1 36.5 61.3 97.8 Financing Plan: Local Foreign Total --- US$ Million Equivalent ---- FAN 36.5 0.2 36.8 IBRD - 61.0 61.0 UNDP - 0.1 0.1 TOTAL 36.5 61.3 97.8 Estimated Disbursements: FY79 FY80 FY81 FY82 FY83 FY84 ---------------