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

  • Trimble helps bring Indonesia up to speed on the latest heavy construction technology
    March 28, 2014
    Indonesian infrastructure investment is seeing major highway expansion - Simon Gould writes Over the next 12 years, Indonesia has planned some massive infrastructure investments, under a master plan aimed at bringing it up to developed country status by 2025. Its Government’s Masterplan for Acceleration and Expansion of Indonesia's Economic Development (MP3EI) envisages infrastructure spending of US$400 billion between 2011 and 2025 to help achieve this (see sidebar for more on MP3EI). With limited funds of
    Read More
  • The new agile world of the construction equipment industry
    June 22, 2015
    while worldwide for 2015 a crystalball would be helpful, in Europe the sector has already listed specific priorities it wants to tackle, and among these are the upcoming emissions regulations (see separate story), external trade and access to foreign markets, and market surveillance.
    Read More
  • Quebec to build new Mercier Bridge for Montreal city
    May 12, 2017
    The Canadian province of Quebec plans to build a US$219 million bridge across the St Lawrence River alongside the existing Mercier Bridge in the city of Montreal. Provincial government cabinet ministers Pierre Moreau and Geoff Kelley confirmed that a new bridge is forthcoming, but gave schedule for procurement or construction start, according to local media. However, Moreau said the work will begin probably before the new Champlain Bridge is finished at the start of 2019. Construction of the new Champlain B
    Read More
  • Serbia and Bosnia consider options for a Belgrade-Sarajevo project
    December 19, 2016
    Serbia and Bosnia have started talks on constructing a fast highway between the Serbian capital Belgrade and Sarajevo, capital of Bosnia and Herzegovina. Serbian Vice President Zorana Mihajlovic met with the Bosnian minister of transport, Ismir Jusko, to agree on forming a joint working group to consider routes and road construction, according to the Serbian newspaper B92. Mihajlovic said that Serbia's main focus is for building the 100km Pozega-Visegrad section, of which 60km is in Serbia and 40km in
    Read More

Highlighted Content