Announcement of IDA Approves Five Million Five Hundred Thousand Dollars for Somalia’s Port on July 10, 1978

' \• I . HPLO FO!{. RElEASE -World Bank 1818 H Street, N.W., Washington, D.C. 20433, U.S.A. • Telephone: (202) 393-6360 IDA NEWS RELEASE NO. 79/4 JULY 10, 1978 IDA APPROVES $5.5 MILLION FOR SOMALIA'S PORT The International Development Association (IDA), the World Bank's affiliate for concessional lending to the poorest among the developing countries, has approved a $5.5 million credit for the Somali Democratic Republic's Fourth Port Project. The Somali Government is contributing $1.l million for the project. The $6.6 million project will provide a conventional tanker pier in Mogadishu's deep-water harbor. The pier will be used for receiving inbound crude oil for the Mogadishu oil refinery and for outbound refined products. The project's layout and design will make • provisions for the future handling of bulk grain, sugar and molasses at the pier • The project consists of a tanker pier for crude oil tankers of maximum 50,000 deadweight tons and for smaller tankers for transport- ing petroleum products; pipelines within the port limits; hydraulic model tests, site investigations, detailed engineering, preparation of tender documents, assistance during tendering and supervision of con- struction of the tanker terminal. It also includes site investigations, detailed engineering, preparation of tender documents and assistance during tendering by consulting engineers for a 120-meter extension of the existing banana quay in Mogadishu harbor. The $5.5 million IDA credit to the Somali Democratic Republic will be for 50 years, including 10 years of grace. It will carry no interest except for a service charge of 3/4 of 1% per annum for admin- istrative expenses. NOTE: Money figures are expressed in U.S. dollar equivalents • • FORM NO. 1121 (5-76) • T E C HN I CAL DA TA PROJECT: Fourth Port COUNTRY: Somalia TOTAL COST: $6.6 million IDA FINANCING: $5.5 million, standard IDA terms OTHER FINANCING: Government of Somalia, $1. 1 million IMPLEMENTING ORGANIZATION: Ministry of Public Works Mogadishu, Somalia. PROJECT DESCRIPTION: It consists of: a tanker pier for crude oil tankers of maximum 50,000 deadweight tons and for small products tankers; pipelines within the port limits; hydraulic model tests, site investigations,. detailed engineering, preparation of tender documents, assistance during tendering and supervision of construction of the tanker terminal; and site investigations, detailed engineering, preparation of tender documents and assistance during tendering by consulting engineers for a 120-meter extension of the existing banana quay in Mogadishu harbor. PROCUREMENT: The contract for the civil works will be awarded on the basis of international competitive bidding in accordance with World Bank guidelines. No local contractor is expected to qualify as the principal contractor, although some are likely to be eligible as subcontractors or joint venture partners • ECONOMIC RATE OF RETURN: ESTIMATED COMPLETION DATE: 15~o 1988 • - 0 -