Colombia - Current economic position and prospects (Vol. 5 of 5) : Projects for external financing in 1969

fRETURN TO RESTRICTED REPORTS DESK Report No. WH-188a WITHIN ONE WEEK This report was prepared for use within the Bank ond its aoffiliated orgonizations. They do not accept responsibility for its accuracy or completeness. The report may not be published nor may it be quoted as representing their views. INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT INTERNATIONAL DEVELOPMENT ASSOCIATION CURRENT ECONOMIC POSITION AND PROSPECTS OF COLOMBIA (in five volumes) VOLUME V PROJECTS FOR EXTERNAL FINANCING IN 1969 December 20, 1968 Western Hemisphere  CURRENCY EQUIVALENTS (as of November 4, 1968) 1 U.S.$ - 16.77 Pesos 1 Peso (Ps.) = US$Oo5Q96 1 iMillion Pesos = us$59,630  INTRODUCT ION Table 1 indicates the financing obtained for developmxnt proj- ects since the last Consultative Group meeting of June 1967. It shows that $22.9 million was committed in the second semester of 1967 for two loans for railroad rehabilitation. In calendar 1968, $215.6 million of project loans were signed. Another $58.8 million of external financing for the Alto Anchicaya hydro project was due for consideration by the Board of the IDB in December 1968, which, if taken into account, would bring the total external financing of development projects in 1968 to $274.4 million. The Table excludes program type assistance, commitments for which amounted during this period to $73 million from the U.S. Table 2 shows the list of projects presented to members of the Consultative Group for consideration at the meeting of the Group which is scheduled for january 30 and 31, 1969. The description and justifi- cation of each individual project is attached to this Table. Table 3 gives preliminary listings of the development projects which may come to be presented for external financing in 1970-73. This Table presents only a tentative forecast of the possible shape of future project lists. As projects listed for the first semester of 1970 mature, and their priority becomes confirmed by the Government, they will be presented to the Consultative Group as addenda to the 1969 Project List, to be distributed to Group members with periodic reports on the status of that List.  Table I: EXTF&NkL FI1IANCING FOR DEV?7ZOPXENT PROJECTS CBTAIIED DURING JULY 1967 - DECE1.ER 1968 Terms Amount (Interest Rate, (tisS Sector and Project Lender Duration, Grace Period) Nlillions) I . PCJLgER T7 lmrd Pfnovr Expansion IBRD 6.25 percent; 20 years 18.' Program--Empresa de Joint yincluding 3-1/2 years inergia Electrica de Lenders~ grace period 7.D Bogota 2. Rio Prado, Electraguas Japanese 6 percent; 13 yrs Suppliers 2.9 3. National Power Inter- IBRD 6.50 percent; 25 years 18.0 connection, Intercon- Joint 2/including 3-1/2 years neexicn Electrica S.A. Lenders- grace period 3. 8. Power Equipment, 3.5 percent; 15 years 2.C Electraguas Franco 6.85 percent; 10 years 1.2- 5. Alto Anchicaya, C. VC. XDB/ 3/ 58.8 Canada - 122. 3 II. TR.AN-PPOIC ICY 1. Trans-Caribbean High- IDB 3.25 percent; 20 years way, Government of including 2 years grace Colombia period 12.7 2. Highway Construction IBRD 6.25 percent; 2b years 17.2 and Maintenance, including 4 years grace Government of Colombia period 3. Railroad Rehabilitation S3ain 6.5;) percent; 13 years Program, Ferrocarriles including 1-1/2 years grace Nacionales de Colombia period 11.3 Mexico and IDB 7 percent; 10 years 11.65/ IEER 6.25 percent; 20 years including 3 years grace period 18.3 i. Multipurpose Transport U.S. 8 percent; 5 years Planes, Government of Bank 3.8 Colombia  Terrms Amrount (Interest Rate, (US$ Sector and Project tender Duration, Grace Period) Millions) III. WATER AND SEWEAGE Bogota Water Supply, IBHP 6.25 percent; 20( years 14.O Empresa de Acueducto Joint h1including 4-1/1 years 3.0 y AJeantarillado de Lenders- grace period Bogota 17. D IV. EDUCAT 10N 1. Development Program, IDB 2.25 percent; 20 years 6.6 Universidad del VTalle including h4-112 years grace period 2. Comprehensive High IBHP 6.25 percent; 25 years 7.6 School Program--1t including 10 years grace Phase, Government of it. 2 Colombia V. Horjgpl Housing Project, Instituto 2.25 percent; 25 years 9.1 de Credito Territorial IDB grace including 3-1/2 years grace period 9.1 VI. AGRICUT'URE 1. Agricultural Credit IDB 6.50 percent; 10 years 12.2 5 Program, Caja including 3-1/2 years Agraria grace period 2. Livestock Credit IDB 3.25 percent; 15 years 10.7 Program, Panco Holland including 3-1/2 years 1.7 Ganadero grace period 3. Agricultural Eouipment, U.S. Caja Agraria Bank 2.4 27.0  3- Tens Amount (Interest Rate, (US$ Sector and Project Lender Duration Grace Period) Millions) VII. INDUSTRY 1. Polyethylene Plant, TDB 6.50 percent; 12 years Empresa Colombiana de including 2-1/2 years Petroleo of grace 5.C 2. Development Finance IBRD 6.25 percent; 15 years 12.5 Companies through (composite aflortization Private Investment based on sub-projects) Fund, Banco de la Republica 3. Instituto de Fomento U.S. Industrial Dank 5.10 C22.5 VIII. CO>fUWMICATIONIS Telephone Equirsnent, Suppliers 2.2 Empresa de Telefor4as de Bogota 2.2 IX. TECFliICAL ASSISTAU4CE National Development Proj- IDB 3.25 percent; 17 years 3.1 ects Fund (FOMADE), Govern- including 4-l/2 years ment of Cclombia grace period 3.1 X. PlISCElrLa:OUs Palace of Justice, Bogota, U.S. Government of Colcurbia Bank 5.3 5