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

  • Rebuilding a historic bridge linking the US and Canada
    March 8, 2016
    While many road authorities in North America are finding it difficult to stretch their bridge assets beyond half a century, one bridge is closing in on its centenary - David Arminas reports The international Peace Bridge, connecting the Canadian province of Ontario with the US state of New York, is 88 years young this year, and still going strong.
    Read More
  • Asphalt advances and industry innovations in paving
    May 20, 2014
    Asphalt paving technology continues to develop, benefiting from new technologies and new diesel engines - Mike Woof reports The asphalt paving equipment market is seeing the introduction of new low emission engines that will meet the Tier 4 Final regulations for Europe and North America. These have required some major engineering changes, with firms now having to install bulky exhaust after-treatment systems and additional cooling for engines and turbos.
    Read More
  • Rwanda highway Rwanda's major highway construction aids regional integration
    May 8, 2012
    Shem Oirere reports on plans for a major highway to Rwanda to other parts of Africa Construction of a 78km highway stretch that links Rwanda to the rest of Eastern Africa will start in May. State Minister in Charge of Transport Dr Alex. Nzahabwanimana said the contract for the US$54 million project has already been awarded to German construction company Strabag International.
    Read More
  • Rwanda highway Rwanda's major highway construction aids regional integration
    April 16, 2012
    Shem Oirere reports on plans for a major highway to Rwanda to other parts of Africa Construction of a 78km highway stretch that links Rwanda to the rest of Eastern Africa will start in May. State Minister in Charge of Transport Dr Alex. Nzahabwanimana said the contract for the US$54 million project has already been awarded to German construction company Strabag International.
    Read More

Highlighted Content