Ecuador - Guayas Province Highway Construction Project

RETURN TO REPORTS DESK T.0.-41a WITHIN USE WW RESTRICTED ONE WEEKI ECONOMIC oEVLeoPr T ISTTUrE This report is restricted to use within the Bank. INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT REPORT ON HIGHWAY CONSTRUCTION PROGRAM GUAYAS PROVINCE in ECUADOR January 15, 1954 TECHNICAL OPERATIONS DEPARTMENT Transportation Division  TADLZ OF COi'TIENTS I. Scope of Raport ain Source of Ilaterial 1 II. Tho Dorrou;er 1 III. Description of the PWogrami 2 IV. Estimnatedt Cost of the Progrmrai 4 V. iEIeans OL 1 inancing 5 VI. Hi,-ghway and Equi.alient !:aintenance 6 VII. Justification of the Projoct 6 VIII. Conclusions and Recaomendations 8 Appendix A - liap AppenndUx B - Cash FIov Sheet  HIGiW AY CO!'ST.CT ION PROGRA14 CUAYAS PROVINCE ECULTO R I. Scope of Report and Source of hiaterial. 1. At the request of the Ecuadorian Government a hank Viission studied the Guayas Province Highway Construction Program to determine the possibility of it being the basis of a bank loan equivalent to U. S. 38.5 million. This report covers an analysis of the Program's technical, financial, economic and organizational aspects and an appraisal of the personnel whQ would be responsible for carrying it out. 2. The report is based on data obtained from the tcuadorian Minister of Public liorks, the hank illission's inspection of existing roads and highways, conferences with business groups and Government officials, and data supplied by the Comite Ejecutivo de Vialidad (.Yighway Executive Committee) of the Province of Guayas. II. The Borrowqer. 3. The borrower would be the Comite Ejecutivo de Vialidad, hereinafter referred to as the Comite. The Comite was established by law in 1945 and has juridical personality. it has two distinct functions. One is concerned with the building of a port at Guaycaquil, and the other is the construction and maintenance of roads in Guayaquil Frovince. The Comite receives a small portion of certain taxes assessed on imports through t