The World Banks Board of Executive Directors today approved a US59 million credit to begin rehabilitating the 44.3km road corridor from Gleno to Hatubuilico.The Timor-Leste Branch Roads Project will finance critical new roadworks to link the coffee growing towns of Gleno and Letefoho to the village of Hatubuilico the home of Mount Ramelau and one of Timor-Lestes most popular tourist destinations. A second phase of the project will connect improved roads from Hatubuilico to the completed Dili-Ainaro road corridor dramatically improving road access and safety for tourists farmers and coffee producers.This is the World Banks second major transport infrastructure project in Timor-Leste and the first major project to be announced as part of our new 2020-2024 Country Partnership Framework said Macmillan Anyanwu the Country Representative for Timor-Leste This investment will have positive impacts across many sectors especially for tourism and coffee farmers and is an important step towards raising productivity through improved connective infrastructure.The project will be implemented by the Ministry of Public Works and financed with a US59 million concessional credit from the World Bank International Development Association. The Government of Timor-Leste will also contribute US11.8 million with work expected to commence by September 2020 and construction activity completed by December 2023.Since 2000 the World Bank has helped the government of Timor-Leste to rebuild national infrastructure stabilize the economy and strengthen government institutions. In 2019 the World Bank Group has approved a new Country Partnership Framework which includes support for improved human capital service delivery and economic diversification investments in connective infrastructure and reforms in public financial management.
๐ Key Information
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Tender Reference No.
449318160
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Publication Date
30 Nov 2019
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Sector
Infrastructure and construction
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Notice Type
News
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Location
East timor
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Documents & Downloads
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๐ท๏ธ CPV
No CPV found
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