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

  • Norway: landslide closes bridge amid concerns for infrastructure
    February 12, 2015
    A bridge carrying one of Norway’s busiest motorways remains closed after a major earth slide severely damaged its supporting columns this week. The bridge closure comes as Norway’s Public Roads Administration said it is concerned about the condition of 104 bridges throughout the country, although they remain safe to use. Two of the foundation pillars of the bridge at Holmestrand, along the Highway E-18 through Vestfold County, were affected and dropped a span by up to 1.5m, creating a severe dip and crack
    Read More
  • Kosovo's award-winning green highway construction
    March 20, 2012
    A new highway is proving an economic lifeline for the tiny country of Kosovo – Mike Woof reports. Road projects in Europe rarely meet such widespread public approval and support as the new Route 7 highway being built in the new Balkan state of Kosovo. The first sections of the new road opened to traffic in November 2011, with locals turning out in large numbers to celebrate the event. The official opening was carried out by the country’s prime minister Hashim Thaçi, president Atifete Jahjaga, and members of
    Read More
  • SSL settles legal issues, Champlain Bridge to open December 21
    April 18, 2018
    Montreal will get its new Champlain Bridge just before Christmas, a date agreed upon by the Canadian government and the SNC-Lavalin-led consortium. The agreement settles an outstanding lawsuit that the Consortium had filed regarding costs increases of around US$186.5 million relating to the transportation of oversized parts and delays to the bridge's construction, according to media reports. Last month SNC-Lavalin, head of the Signature on the Saint-Laurent Group (SSL), had said that the bridge over the
    Read More
  • Graphene-enhanced pavements join UK Live Labs programme
    September 1, 2020
    While some parts of the world are on pause, road construction and new technology trials are still underway, as these stories demonstrate - Kristina Smith reports
    Read More

Highlighted Content