New Democrat (Monrovia)

Liberia: World Bank Boosts Transport Sector

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.

Ads by Google

Copyright © 2013 New Democrat. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica publishes around 2,000 reports a day from more than 130 news organizations and over 200 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.