Sierra Leone

Sierra Leone: Water supply project

Format
Report
Source
Posted
Originally published
WASHINGTON, June 16, 2005 - The following project was approved today by the World Bank's Board of Executive Directors:

IDA CREDIT AMOUNT: US$3.2 million

TERMS: Grace period = 10 years; Maturity = 40 years

PROJECT DESCRIPTION: This supplemental urban water supply credit will allow the Government of Sierra Leone to settle the legitimate claims of foreign and local contractors, without jeopardizing the implementation of the Poverty Reduction Strategy. The credit will retain the same objectives as the original project whose aim is to improve water supply and sanitation services in Freetown and ensure that water supply and sanitation services are sustained. For more information, please call Aby Toure at (202) 473-8302 or email: akonate@worldbank.org

Urban Water Supply - Supplemental

This supplemental credit will provide financing to settle outstanding payments due to foreign and local contractors, under projects financed by the International Development Association (IDA). At project restructuring, uncertainties remained on the completion of the contracts signed before the war, which along with other factors, created a funding gap for the project. Therefore, the supplemental credit will provide additional resources allowing the Government of Sierra Leone settle the legitimate claims of foreign and local contractors, without jeopardizing the implementation of the Poverty Reduction Strategy. All contractors' claims have been duly reviewed, and, the Region's procurement staff visited the country to monitor such review, found satisfactory. The staff is also satisfied with current investigations regarding the mis-procurement of goods under the original credit, which is not connected to any contract, or contractors covered by the supplemental credit. Such settlement of arrears will help the Guma Valley Water Company (GVWC) improve its financial viability, and contribute to overall, the external creditworthiness of the country.**

Last Updated June 16 2005

Basic Information
Project Status
Pipeline
Region
Africa
Country/Area
Sierra Leone
Major Sector (Sector) (%)
Water, sanitation and flood protection (Water supply) (100%)
Old Major Sector
N/A
Old Sector
N/A
Env Category
C
Project ID
P094848
Bank Team Lead (Last Name, First)
Verspyck, Richard
Approval Date
N/A
Closing Date
N/A
Borrower
GOVERNMENT OF SIERRA LEONE
Implementing Agency
GUMA VALLEY WATER CO.
Financial
Main Loan/Credit #
N/A
IBRD Commitment *
IDA Commitment *
3.2
IBRD + IDA Commitment *
3.2
Grant Amount *
Total Project Cost *
3.2
Product Line
IBRD/IDA
Lending Instrument
Specific Investment Loan
Development Outcomes And Goals
Targeted Thematic Outcomes...
Supporting this Broader Dev't Goal
Infrastructure services for private sector development
N/A (CAP)
Access to urban services and housing
N/A (CAP)
Pollution management and environmental health
Environmental commons (GPG); Ensure environmental sustainability (MDG)
Water resource management
Environmental commons (GPG); Ensure environmental sustainability (MDG)

*Commitment at Board in USD$ millions. Does not reflect any cancellations. Pipeline and dropped projects display the forecast amount. Total project cost includes non-Bank funding.

** The project summary is drawn from the PAD, SAR, or PGD abstract and may not accurately reflect the project's current nature.

*** Project documents are posted to this website as soon as they reach certain milestones (more info.). For example, Project Appraisal Documents are processed and made available through this website a few days after Board approval. If you find that a report which should be here is unavailable, contact Infoshop .