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Phase 1B of Lesotho Highlands… (1)

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Complaint > Phase 1B of Lesotho Highlands Water Project, 1st Request

Eligibility: 12-Eligibility Report (English)

...President of receipt of the Request (meaning “Registration” under the Panel’s Operating Procedures).2 THE LOAN The Bank’s Executive Directors approved a loan of USD45 million equivalent for Phase 1B on June 4, 1994.3 The borrower of record is the Lesotho Highlands Development Authority (LHDA) but the loan will be serviced directly by the Trans Caledon Tunnel Authority (TCTA) on behalf of South Africa. The Bank is accepting guarantees of performance and repayme...
WB Inspection Panel - Lesotho - 1998