MANO RIVER UNION ROAD (EIB-20180114)

Countries
  • Liberia
Where the impacts of the investment may be experienced.
Financial Institutions
  • European Investment Bank (EIB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Bank Risk Rating
U
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Borrower
MINISTRY OF PUBLIC WORKS - REPUBLIC OF LIBERIA
The holder of the loan, grant, or other investment.
Sectors
  • Transport
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 22.98 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Currency conversion note:
Bank reported EUR 20 million
Converted using 2018-10-10 exchange rate.
Project Cost (USD)
$ 63.19 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Currency conversion note:
Bank reported EUR 55 million
Converted using 2018-10-10 exchange rate.
Bank Documents
Primary Source

Original disclosure @ EIB website

Updated in EWS Mar 18, 2019

Disclosed by Bank Jun 20, 2018


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Project Description

According to bank disclosed information, the EIB loan will fund upgrading and paving of SanniquelliAS-Loguatou road, a major link connected with the Trans-West African Highway linking Nouakchott-Dakar-Lagos. In particular, the project concerns the rehabilitation of 47 km of the gravel road and other infrastructures. The project will contribute to the reduction of poverty by improving transport infrastructures and the conditions alongside the rehabilitated road connecting Liberia to Ivory Coast.

The overall objective is to boost the post-conflict economic recovery of the two countries in the Mano River Union (MRU) region by improving intra-community and regional trade. Specifically, the project seeks to improve transport conditions in order to reduce costs, facilitate free movements of persons and goods and increasing living conditions of the surrounding communities.

 

Investment Description
  • European Investment Bank (EIB)
Contact Information

*Contact information not provided at the time of disclosure*

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