Additional Financing CAB4 (WB-P158299)

Countries
  • Gabon
Where the impacts of the investment may be experienced.
Financial Institutions
  • World Bank (WB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Active
Bank Risk Rating
B
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.
Voting Date
Jun 29, 2016
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
GOVERNMENT OF GABON
The holder of the loan, grant, or other investment.
Sectors
  • Communications
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
$ 23.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 25.10 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ WB website

Updated in EWS Sep 24, 2017

Disclosed by Bank Mar 1, 2016


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Project Description
The objective of the Additional financing of the Fourth Phase of the Central African Backbone Program Project (CAB4) Project is to contribute to increase geographical reach and usage of regional broadband network services and to reduce their prices in the territory of the Gabonese Republic. This Project Paper (PP) seeks the approval of the Executive Directors to provide an additional loan in the amount of US$23 million to the Gabonese Republic for the fourth phase of the Central African Backbone Program (CAB4 project, Loan No. 8150-GA). The Additional Financing (AF) will leverage US$2.10 million of additional counterpart financing and includes a restructuring of the CAB4 project involving: (a) changes to the project components; (b) extension of the CAB4 project closing date to be coterminous with the closing date of the AF; (c) revisions to the Results Framework; and (d) application of the most recent procurement guidelines, dated January 2011 and revised July 2014.
Investment Description
  • World Bank (WB)
Contact Information
Borrower/Client/Recipient Name: Gabonese Republic Contact: Radwan Charafeddine Title: Conseiller du Président de la République Email: radwan.charafe@presidence.ga Implementing Agencies Name: CN-TIPPEE Contact: Richard Dammas Title: Permanent Secretary Email: tippeegabon@cntippee.org ACCOUNTABILITY MECHANISM OF WORLD BANK The World Bank Inspection Panel is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by a World Bank-financed project. If you submit a complaint to the Inspection Panel, they may investigate to assess whether the World Bank is following its own policies and procedures for preventing harm to people or the environment. You can contact the Inspection Panel or submit a complaint by emailing ipanel@worldbank.org. You can learn more about the Inspection Panel and how to file a complaint at: http://ewebapps.worldbank.org/apps/ip/Pages/Home.aspx.