Morocco - Telecommunications Sector Restructuring Project

v#-!,' -1"r Dmt of The World Bank FOR OMICJAL USE ONLY MICROFI CHE CUPY RYepr,rt. No. :P- 5823 MoR Type: (PM) Title: TELECOMMUNICATIONS SET,FT )RREST R N P-5823-l;ER Author: BARUI, ALAIN Ext. :32347 PooDm:H4093 Dept. :MN1JE MEKRAiDUM AND RECOMMENDATION OF TUE PRESIDENT OF THE INTEATIOINAL BANK FOR COLNSTRUCTION AND DEVEPME TO THE EXECUI VE DIRECTORS ON A PROPOSED LOAN IN AN AMOUNT EQUIVALENT TO US$100 MILLION TO THE NATIONAL POST AND TELECOMMUNICATIONS AUTHORITY (ONPT) WITH THE GUARANTEE OF THE KINGDOM OF MOROCCO FOR A TELECOMMUNICATIONS SECTOR RESTRUCTURING PROJECT DECEMBER 16, 1992 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.  ENCg Y AND EUIVALE I Currency Unit - Moroccan Dirham (DR) US$1.00 - DR 8.80 (end-February, 1992) DH 1.00 - US$ 0.11 WEIGHTS AND MEASUES Metric System US Svstem i meter (m) = 3.2808 Feet (ft) 1 kilometer (km) 0.6214 mile (mi) 1 square kilometer (km2) 0.3861 square mile (mi2) 1 metric ton (m ton) = 0.9842 long ton (ig ton) 1 kilogram (kg) 2.2046 pounds (lbs) AB TIATONS AND ACRONYNS DEL - Direct Exchange (telephone) Line DFI - Direct Foreign Investment BC - European Community IBI - European Investment Bank INPT - Institut National des Postes et T6l6communicatione ISDN - Integrated Services Digital Network MPT - Ministry of Post and Telecommunications ONPT - Office National des Postes et T6l6communications (National Post and Telecommunications Authority) PERL - Public Enterprise Rehabilitation Loan VAT - Value-added tax MOROCCO - FCL YEAR January 1 - December 31  FOR OFFICIAL USE ONLY !BL300UGUNICA!ION S3COR URESRUCTURIN PROJECT Loan and Proiect SumFary vgrrwewrs National Post and Telecommunications Authority (ONPT). Guarantor: Kingdom of Morocco. Aoounts US$100 million equivalent. To=$$ 20 years, including a 5 year grace period, at the Bank's standard variable interest rate. linancia Plan: L.ocal Fo-reign Total