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Mozambique - Beira Railway Project : restructuring (Vol. 2) : Data sheet (English)

The objectives of the Beira Railway Project for Mozambique are to: (i) make cost effective and efficient transport available for the freight and passenger traffic in the Zambezi valley to accelerate economic growth and reduce poverty in the sub-region; (ii) increase international traffic through the Beira Railway System; and (iii) ensure the operational, managerial and financial sustainability of the Beira Railway System. The project is a US$158 million project with International Development Association (IDA) contribution of US$110 million and foreign private commercial investment of US$48 million. The project became effective on March 15, 2005. A restructuring approved by the country director was completed in March 2009. The project is scheduled to close on December 31, 2011. The implementing entities are in full compliance with the Bank's financial management requirements. Currently, there are no overdue audit reports and interim financial report from these entities. The reallocation is consistent with the Operation Policy (O.P) 13.05 and the Bank Procedures (B.P) 13.05 and complies with all the requirements.

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Mozambique - Beira Railway Project : restructuring (Vol. 2) : Data sheet (English). Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/712201468052834376/Data-sheet