Central African Backbone SOP3 Republic of Congo Additional Financing (WB-P160292)

Countries
  • Congo, Republic of
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
Mar 7, 2017
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 THE REPUBLIC OF CONGO
The holder of the loan, grant, or other investment.
Sectors
  • Infrastructure
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
$ 5.00 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)
$ 5.00 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 23, 2017

Disclosed by Bank Jan 19, 2017


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Project Description
The proposed additional credit would help finance the costs associated with (i) the completion of connectivity infrastructure in Congos western region (active equipment) from Pointe Noire to Mbinda along the CFCO railway infrastructure, as well as (ii) the support to a local ICT incubator such as Yekolab, and the establishment of a Digital Development Fund in the Republic of Congo. The construction of this fiber optic infrastructure was included under the CAB3 project s scope as originally defined at appraisal. However, there are insufficient funds under the original IDA Credit to finance some key equipment due to cost overruns incurred in the delivery of the rest of the civil works and of the active equipment (notably termination and shelters equipment). Counterpart funding that was supposed to cover these extra costs has been delayed due to severe budget constraints. Construction of this fiber optic link and related active equipment at the shelter level continue to be vital to the international connectivity of Congo and its connection to Gabon as originally intended, and it will lead to more fully realizing the benefits of other structures already financed in the sector, most notably the PCN (Projet de Couverture National) and the upcoming infrastructure project funded by the African Development Bank. In addition, the proposed Additional Financing will scale up activities in component 3 by establishing and providing seed money for a new Digital Development Fund (Fonds de Développement du Numérique), aiming at leveraging private investors willing to promote entrepreneurship in the ICT sector in Congo, creation of local content, and create new job opportunities for youth in the country. The parent project is AFCC2/RI-Central African Backbone - APL3 - Republic of Congo (P122398)
Investment Description
  • World Bank (WB)
Contact Information
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