IDA CREDIT: US$18 million
TERMS: Grace Period = 10 years; Maturity = 35 years.
PROJECT DESCRIPTION: The additional financing of the project will bridge a financing gap caused by higher cost of works and construction materials, beyond the control of the State Government. The project aims to expand or rehabilitate over 500 kilometers of the state's core road network—around half of the state's total core network. So far, around 210 km maintenance roads have been completed and opened to traffic, reducing travel time of about 50 percent. In addition, 42 percent of the core road network has been improved to good condition and maintenance backlog has decreased to 800 km from 1,000 km.
