Loan No: | 593 | Interest Rate: | 2.5 % |
Beneficiary: | Ministry of Equipment and Transport | Grace Period: | 7 years |
Project Cost: | KD 10.3 million | Maturity: | 25 years |
Amount of Loan: | KD 9.0 million | Repayment: | 37 semi-annual installments |
Date of Board Approval: | 2013-04-02 | First Installment: | 7 years following the first disbursement |
Date of Loan Agreement: | 2013-04-02 | Date of Loan Effectiveness: | 2013-09-11 |
Objectives:
The project aims at developing the transport services on the main road network of the country, and insuring traffic safety. The project also aims at promoting trade between different regions of the country, and between Mauritania and its neighboring countries, through the completion of the connecting road between the city of Néma and the borders of Mali. The project is expected to contribute to the development of areas adjacent to the road, integrate isolated localities and improve their access to basic services.
Description:
The project, which is expected to be completed by the end of 2016, constitutes the third section of the connecting road between Néma and the borders of Mali, as the first and second sections are being implemented. It comprises of the construction and paving of the road that extends between the cities of Bassiknou and Fassala, of a total length of approximately 64 km, with two lanes, one in each direction with a width of 3.5 m, and shoulders, each with a width of 1.5 m. The project also consists of the consultancy services necessary for the supervision of the implementation. The project includes the following main components:
- Civil Works: This includes all the civil and construction works needed to construct the asphalt road, including all excavation and backfill, the construction of pavements and paving, the drainage facilities, all the necessary complementary works to ensure traffic safety, in addition to road protection works and quicksand stabilization.
- Consultancy Services: This includes consultancy services necessary for review of the design, and supervision of project implementation.
Financing:
The Arab Fund’s loan covers about 87% of the total project cost. The Mauritanian Government will cover the remaining cost of the project and any additional cost that may arise.