Republic of Yemen

Reconstruction of Abyan

Loan No.:

594

Interest Rate:

2.5%

Beneficiary:

Abyan Reconstruction Fund

Grace Period:

5 years

Project Cost:

KD 11.2 million

Maturity:

25 years

Amount of Loan:

KD 10.0 million

Repayment:

41 semi-annual installments

Date of Loan Agreement:

11/07/2013

First Installment:

5 years following the first disbursement

Date of Effectiveness:


Objectives:

The project, which is part of the emergency program for the reconstruction of areas affected by acts of sabotage and terrorism in the Governorate of Abyan, aims at repairing the damages caused to all facilities, services, and public and private infrastructure in the Governate, as well as providing assistance to the victims of those acts and the displaced, and alleviating the suffering they endured. The project also aims at accelerating the achievement of development and social goals in the Governorate.

Description:

The project, which is expected to be completed at the end of the first quarter of 2015, aims at renovating, rehabilitating or building technical, industrial and agricultural institutes, elementary schools, and the college of education in Abyan University, in addition to an agricultural research station, a cotton mill in the city of Al Kawd, a central complex for fruits, vegetables and meat in the city Lawdar, and a coeducation secondary school in the city of Jaar. The project includes all necessary civil and construction works, supplying and installation of equipment, as well as the consultancy services to prepare and execute the project. The main components of the project can be summarized as follows:

  1. Civil Works and Supplies: This includes all civil, construction and electromechanical works necessary to renovate, rehabilitate, or build the damaged facilities included in the project. It also includes the supply and installation of classroom furniture and supplies, administrative offices, and all necessary equipment, machinery, and instruments for the laboratories and workshops.
  2. Consultancy Services: This includes preparing the studies, designs and detailed plans, the tender documents, as well as assistance in bid evaluation and project supervision.

Financing:

The Arab Fund's loan covers about 90% of the total project cost. The Yemeni Government will cover the remaining cost of the project and any additional cost that may arise.


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