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The Algerian Democratic and People's Republic

The Mitigation of Earthquake Risks (Second Loan)

 

 

Loan No.: 332 Interest Rate: 4.5%
Beneficiary: Nat. Center for Applied
Research in Earthquake
Resistance Engineering		 Grace Period: 5 years
Project Cost: KD 5.4 million Maturity: 22 years
Amount of Loan: KD 3.5 million Repayment: 35 semi-annual installments
Date of Loan Agreement: 15/03/1997 First Installment: 5 years following the first disbursement
Date of Effectiveness: 12/07/1997    

 

 Objectives:

The project is expected to be completed in mid-2000 and aims at the following:

  1. Keeping abreast of rapid advances in the field of earthquake science and engineering.
  2. Researching construction methods, building materials and their resistance to earthquakes in Algeria.
  3. Providing technical consulting services related to the review of construction codes, and earthquake studies of large establishments whose destruction would greatly affect the national economy and the citizens’ safety.
  4. Carrying out microzone earthquake research in the areas frequently hit by earthquakes.
  5. Providing M.Sc. and Ph.D. graduates in the field of earthquake science and engineering.
  6. Providing short training courses for civil engineers, architects and senior government officials responsible for the economic and social development of the areas subjected to earthquakes.

Description:

The project consists of the Establishment of an Institute for seismology and earthquake engineering and includes the following components:

  1. The land and civil works necessary for the construction of the institute
  2. Supply of equipment and furniture for the institute.
  3. Installation of equipment and instruments.
  4. Consulting and technical services necessary for carrying out studies, preparing detailed designs and tender documents, and project supervision.
  5. Qualifying and training staff needed to manage, operate and maintain the project.

 

Financing:

The Arab Fund loan constitutes about 65% of the total project cost. The Algerian government will finance the remaining costs, The Arab Fund had previously provided a loan of KD 4.7 million (Loan No. 117/83) to finance the foreign component of the projects cost.

 

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