The World Bank says it has committed $US450 million to Liberia's transport sector alone over the past six years, according to Mr. Kulwinder Singh Rao, Task Team Leader, Transport Sector, World Bank-Liberia.
"These are the total funds allocated and approved for ongoing projects in the sector," Mr. Rao said here Friday.
After years of prolonged civil wars in the country, Mr. Rao said the WB has since focused its attention on rebuilding Liberia's broken infrastructure, and, he said, the transport sector is one key area where the Bank has heavily invested.
"I am happy to be here today with you on the World Bank's engagement in the Transport Sector of Liberia" Mr. Rao told a team of journalists Friday, saying further, "As you may be aware, a well performing transport sector is critical in stimulating economic growth and development of any country and more so in a country that has suffered civil upheavals."
Since the World Bank returned to Liberia in 2006, Mr. Rao noted, the International Development Association (IDA) has successfully partnered with the Government of Liberia in re-establishing basic transportation infrastructure, as well as building institutional capacity.