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

  • Road rebuilds planned for south east Nigeria
    April 18, 2018
    Work is starting in Nigeria for a major upgrading project of the dual carriageway connecting the cities of Aba and Port Harcourt. Situated in the south east of the country, the road link provides an important connection both to and from Port Harcourt. In recent years the road has become extremely potholed, so much so that heavy trucks have switched to other routes instead. This is a major problem as Port Harcourt is one of Nigeria’s key industrial cities. The plans call for the reconstruction of the route
    Read More
  • Weigh-in-motion key to maximising road life
    February 24, 2012
    The market and technology for weigh-in-motion systems continues to evolve – Mike Woof writes. for both mature and developing highway infrastructure networks, traffic densities play an important role in determining road wear and life. Monitoring traffic volumes and individual vehicle weight is crucial for ensuring roads can cope in the long term and that maintenance can be planned, while the problem of overloading can be eliminated.
    Read More
  • Funding found for Ethiopia road project
    June 4, 2015
    The World Bank is offering Ethiopia a loan worth US$370 million for the construction of a new expressway. The Ethiopian Roads Authority (ERA) will use the loan to construct the 57km Batu Ziway-Arsi Negele section of the 203km Modjo-Awassa expressway. The loan will be repaid over 38 years with six years of grace period. The Modjo-Awassa expressway has four sections, with the 52km Arsi-Negele section to be funded by China EXIM Bank. Korea EXIM Bank will finance the 37km Meki-Ziway section and the African Deve
    Read More
  • Cutting road deaths around the world
    February 27, 2020
    A new funding source will help cut road deaths around the world.
    Read More

Highlighted Content