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Disclosable Restructuring Paper - Lao National Road 13 Improvement and Maintenance - P163730 (English)

The objective of the Lao National Road 13 Improvement and Maintenance Project is to improve the road condition, safety and climate resilience on critical sections of National Road 13. The Project is co-financed by AIIB. The AIIB co-financing loan was approved by the AIIB Board on April 4, 2019 and will be effective by July 2019. Amendment to the IDA Financing Agreement is required to extend the co-financing effectiveness deadline of the AIIB loan which is currently set as April 30, 2019. In addition, there is a need to extend the date for submission of the first technical audit report to the World Bank to September 30, 2020 considering the current timeline for implementation of the road works. For the technical audit report for the following years during the project implementation, the recipient shall furnish it to the World Bank by December 15 each year. The World Bank received a formal request from the Ministry of Finance dated April 12, 2019 to amend the Financing Agreement to (i) extend the co-financing effectiveness deadline of the AIIB loan to July 31, 2019 and (ii) extend the date for submission of the first technical audit report to September 30, 2020.

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Citation

Southivong,Sombath

Disclosable Restructuring Paper - Lao National Road 13 Improvement and Maintenance - P163730 (English). Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/963121556509818489/Disclosable-Restructuring-Paper-Lao-National-Road-13-Improvement-and-Maintenance-P163730