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(LKD) HIGHWAY SECTOR LOAN

Abstract*

The proposed loan will support FHD's (Federal Highway Department) highway sector program over the 1981-91 period. The aims of the program are to protect the existing road assets with a realistic rehabilitation program tailored to available resources, to carry out an appropriate maintenance program, and improve efficiency and cost effectiveness. The loan will finance 33% of FHD's capital works program, about 65% of the cost of specialized equipment...

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

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Development Objective

STRENGTHENING, REHAB & PERIODIC MAINT OF FED HIGHWAYS, BRIDGE REPLACEMENT, REHAB & MAINTENANCE

Key Details

Project Details

  • P002073

  • Closed

  • Dieter E. Schelling

  • N/A

  • Nigeria

  • June 16, 1988

  • (as of board presentation)

    June 16, 1988

  • March 30, 1990

  • US$ 250.00 million

  • C

  • Not Applicable

  • June 30, 1997

  • BANK APPROVED

  • March 11, 2021

  • Notes

Finances

Financing Plan (US$ Millions)

No data available.
Financier Commitments
International Bank for Reconstruction and Development 250.00

Total Project Financing (US$ Millions)

Product Line IBRD/IDA
IBRD Commitment 250.00
IDA Commitment N/A
IBRD + IDA Commitment 250.00
Lending Instrument
Grant Amount N/A
Total Project Cost** 118.00

Summary Status of World Bank Financing (US$ Millions) as of July 31, 2025

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No data available.
Financier Approval Date Closing Date Principal Disbursed Repayments Interest, Charges & Fees

Detailed Financial Activity as of July 31, 2025

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No data available.
Period Financier Transaction Type Amount (US$)
Jun 16, 1988 IBRD-29630 Loan Commitment 250,000,000.00

Footnotes

Ratings

IMPLEMENTATION RATINGS

No data available.

COMPLETION RATINGS

No data available.

INDEPENDENT EVALUATION RATINGS

INDICATORICR REVIEW: 04-20-1998PROJECT PERFORMANCE ASSESSMENT REPORT:
Outcome RatingUnsatisfactory N/a
Risk To Development OutcomeNot RatedN/a
Bank PerformanceUnsatisfactoryN/a
Borrower PerformanceUnsatisfactoryN/a
Government PerformanceUnsatisfactoryN/a
Implementing AgencyUnsatisfactoryN/a
Icr QualitySatisfactoryN/a
M&e QualityNot RatedN/a

Results Framework

No data available.