Liberia - Feeder Roads Project

Document of FILE copy The World BankLE y FOR OMCIAL USE ONLY Report No. P-2462-LBR 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 LIBERIA FOR A FEEDER ROADS PROJECT February 13, 1979 l This document h a redrieted dsrlbutien and my he _md by recipients only In the performance of their odlcial duties. Its eotents may not otherwise be discloed without World Bank authorization.  CURRENCY EQUIVALENTS US$1.00 - Lib. $1.00 The official monetary unit is the Liberian dollar, with par value equal to that of the US dollar. Apart from the Liberian dollar, the US dollar is a legal tender in Liberia. GOVERNMENT OF LIBERIA - FISCAL YEAR July 1 - June 30 GLOSSARY OF ABBREVIATIONS ADB - African Development Bmnk CDC - Commonwealth Development Corporation FRG - Federal Republic of Germany MCIT - Ministry of Commerce, Industry and Transport MPW - Ministry of Public Works UNDP - United Nations Development Programme USAID - United States Agency for International Development  FOR OFFICIAL USE ONLY LIBERIA - FEEDER ROADS PROJECT LOAN AND PROJECT SUMMARY Borrower: Republic of Liberia Amount: US$10.7 million equivalent Terms: To be amortized over 20 years including 5 years' grace at 7 percent interest. Project The project aims at: (a) assisting the Liberian Government Description: in building and improving feeder roads necessary to achieve its agricultural and rural development goals and; (b) estab- lishing the institutions and training staff for planning, development and maintenance of feeder roads with the close cooperation of government agencies and full participation of local communities. The project would comprise a four-year program of construction, improvement and subsequent main- tenance of about 700 miles of feeder roads and the mainte- nance of an additional 200 miles of existing feeder roads; training of local staff in feeder road planning, construc- tion and maintenance; studies for a follow-up feeder roads program; technical assistance for developing the domestic contracting industry and for strengthening transport planning and coordination. There are no special risks; however the development of MPW's capacity to execute the project will have to be closely monitored through frequent super- vision in early stages. 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.  - ii - Estimated Cost: