Liberia considers more World Bank funding amid caution

Liberia is considering a World Bank offer of a US$500 million loan for more road projects, according media reports. Information Minister Eugene Nagbe said the government is also talking to the International Monetary Fund (IMF) and the African Development Bank as part of plans to use the loan for highway construction. Nagbe reportedly said, however, that representatives of the US, China and other development partners have cautioned the government over increased borrowing for major projects. Building and
August 15, 2018 Read time: 1 min

Liberia is considering a World Bank offer of a US$500 million loan for more road projects, according media reports.

Information Minister Eugene Nagbe said the government is also talking to the 3684 International Monetary Fund (IMF) and the 1586 African Development Bank as part of plans to use the loan for highway construction.

Nagbe reportedly said, however, that representatives of the US, China and other development partners have cautioned the government over increased borrowing for major projects.

Building and maintaining roads in Liberia is fraught with major difficulties, according to many analysts, not least due to heavy rains, lack of maintenance, overloaded trucks and the long rainy season which can last up to eight months.

Finance & Funding

For more information on companies in this article

Related Content

  • Record attendance for Istanbul’s E&E conference
    June 14, 2012
    The Eurasphalt & Eurobitume 2012 event in Turkey has attracted record attendance figures, although final figures were not available at the time of writing.
    Read More
  • TRA 2014 showcases the best of cutting-edge transport research and thinking
    July 1, 2014
    Despite tight finances due to the current global economic climate, the recent Transport Research Arena (TRA) 2014 show in Paris showed how innovative transport research, largely using cutting-edge ITS, is creating safer and smarter highways of the future. Guy Woodford reports How far can you drive around a car race track with no other vehicles on it on half a glass of fuel while attempting to maintain a speed of 60kph? After taking up the challenge offered by the Eco Driving Simulator using SiVIC (Simulatio
    Read More
  • Buying bitumen: do you know enough?
    December 2, 2014
    Changes to the way bitumen is produced and traded mean that traditional ways of specifying – and buying - it may not be enough - Frank Albrecht, MD of Albr3cht Supply Concepts, explained why to Kristina Smith Traditionally, we have specified bitumen using two values: the penetration (pen) and ring and ball figures which define the hardness of the bitumen and its softening point respectively. Taking that approach today is risky, warns Frank Albrecht, managing director of Albr3cht Supply Concepts. “It’s not
    Read More
  • Strong investment growth in the world’s highways was a key driver in John Deere and Wirtgen coming together
    December 21, 2017
    John Deere’s recent acquisition of the Wirtgen Group was driven by the way in which two leading equipment manufacturers could come together with no product overlap and target strong investment growth in the world’s highways sector
    Read More

Highlighted Content