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

Countries
  • Congo, Republic of
Geographic location 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
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
B
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Mar 7, 2017
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
GOVERNMENT OF THE REPUBLIC OF CONGO
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
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, this amount is converted to USD ($) on the date of disclosure. 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, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents 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
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed 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
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Contact Information
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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.

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