This Supplemental Credit to the Djibouti International Road Corridor Rehabilitation Project Is needed to provide supplementary financing for the ongoing International Road Corridor Rehabilitation Project. It is crucial to complete the rehabilitation of the road which connects the Port of Djibouti with neighboring Ethiopia, which fully depends on the Djibouti port for all foreign maritime trade, and for the massive and recurrent shipments of food aid to millions of Ethiopians. The supplementary financing is needed to cover higher than expected costs for physical road rehabilitation works, and ultimately to allow the existing International Road Corridor Rehabilitation Project to reach its original development objectives. The proposed credit would be on standard IDA terms, with a maturity of 40 years.
Details
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Document Date
2003/04/02
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Document Type
Project Paper
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Report Number
P7582
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Volume No
1
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Total Volume(s)
1
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Country
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Region
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Disclosure Date
2010/07/01
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Doc Name
Djibouti - Supplemental Credit to the International Road Corridor Rehabilitation Project
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Keywords
Finance, Private Sector & Infrastructure;road section;civil works;Acquired Immune Deficiency Syndrome;supplemental credit;Country Assistance Strategies;country assistance strategy;road rehabilitation works;Junior Professional Associate;human resource base;condition of effectiveness;minor repair work;construction and operation;road safety issue;procurement and disbursement;high traffic volume;Road User Fees;financial management capacity;incidence of hiv;financial management specialist;per capita income;weights and measure;impact of adjustment;Environmental Management Plan;Human Immunodeficiency Virus;economies of scale;emergency food aid;emergency repair;road work;financing plan;Financing plans;physical work;Consulting services;average cost;project costing;supplementary financing;heavy traffic;maritime trade;local contractor;poverty category;environmental problem;road corridor;road connection;commercial bank;secondary road;regional transit;transit corridor;foreign expenditure;local expenditure;emergency works;competitive bidding;external developments;strategic location;audit arrangement;legal opinion;financial reporting;acceptable accounting;government contribution;reporting requirement;reporting system;effectiveness condition;private concessionaire;project financing;budgetary situation;social aspect;road width;foreign trade;urban development;targeted assistance;small states;infrastructure service;exchange restriction;direct intervention;educational enrolment;financing requirement;health needs;construction supervision;procurement arrangement;private investment;procurement issue;inadequate maintenance;emergency solution;emergency operation;good road;social indicator;school enrolment;Infant Mortality;liberal trade;institutional strengthening;Economic Policy;employment generation;exchange system;engineering consultant;insufficient funding;
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Citation
Djibouti - Supplemental Credit to the International Road Corridor Rehabilitation Project (English). Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/314101468772165674/Djibouti-Supplemental-Credit-to-the-International-Road-Corridor-Rehabilitation-Project