Senegal - Second Aviation Project

Document of FILE COPY The World Bank FOR OFFICIAL USE ONLY Report No. P-2456a-S: REPORT AND RECOMMENDATION OF THE PRESIDENT OF THE INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT TO THE EXECUTIVE DIRECTORS ON A PROPOSED LOAN TO THE REPUBLIC OF SENEGAL FOR THE SECOND AVIATION PROJECT February 28, 1979 ThIb doet km a reutt dtinle and my be md by mbha.t ely In t perfomanc of tir ol5eW 1dde. Its eotabe -y ne otherwise be diclued without World Dak ubeoriation.  CURRENCY EQUIVALENTS Currency Unit: CFA Franc (CFAF) US$1.00 - CFAF 220 CFAF 1 million - US$4,545 FISCAL YEAR OF THE GOVERNMENT July 1 - June 30 FISCAL YEAR OF ASECNA January 1 - December 31 SYSTEM OF WEIGHTS AND MEASURES: METRIC 1 meter (m) . 3.28 feet (ft) 1 square meter (m2) - 10.8 square feet (sq ft) 1 kilometer (km) 2 0.62 mile (mi) 1 square kilometer (km2) - 0.386 square mile (sq mi) 1 metric ton (t) 8 2,204 pounds (lb) ABBREVIATIONS AND ACRONYMS GDP - Gross Domestic Product DSP - Directorate of Studies and Programming ME - Ministry of Equipment ASECNA - Agence pour la Securite de la Navigation Aerienne en Afrique et a Madagascar DAC - Directorate of Civil Aviation Dakar Airport - Dakar-Yoff International Airport VOR - 'Very high frequency Omi Range VASIS - Visual Approach Slope Indicator System  FOR OFFICIAL USE ONLY REPUBLIC OF SENEGAL SECOND AVIATION PROJECT Loan and Project Summary Borrower: Republic of Senegal Beneficiary: ASECNA Amount: US$7 million equivalent Terms: 15 years including 4 years of grace, with interest at 7 percent p.a. The proceeds of the loan would be relent to ASECNA on the same terms and conditions. Project Description: The project is part of Senegal's phased airport develop- ment plan which aims at maintaining Dakar's attractive- ness for international air traffic by exploiting its favoured location as an important staging point for long-range flights to Central Africa and South America. The plan also aims at promoting tourism, at improving utilization of the domestic airline fleet and at offer- ing better services by providing reliable air navigation and night flight aids. The project would be executed over the period 1979-1982 and would comprise: (a) strengthening and levelling the main runway and taxiway and improving the taxiway alignment at Dakar airport; (b) the installation of navigation aids, runway lighting and related works at Ziguinchor airport; and (c) the installation of visual approach aids at Cap Skirring airport. Benefits and Risks: By maintaining Dakar airport's suitability as a major transit and stop-over point between Europe and Latin America and between North-America and West and Central Africa, the project would contribute to maintaining and increasing foreign exchange earnings derived from landing charges, expenditures by crews on stop-overs, sale of aviation fuel, and other airport-related serv- ices. It would also ensure growth in employment in line with the expected expansion of the airport activity and related services. By rationalizing the financial structure of the Senegalese airport system, the project would reduce subsidies against operating losses paid the 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.  - 11. - Government's Treasury. Finally, it would also contri- bute to the development of the tourism industry, which the government is actively pursuing, and thereby add to foreign exchange earnings. Execution of the project should be straightforward and no technical risks are anticipated. Estimated Cost: Foreign Local Total