This map shows projects in the 2012 State Budget, as well as the road west from Liquica financed by a grant from the Asian Development Bank (ADB). No loan agreements have been signed yet, although the Japanese (JICA) one for the Dili-Baucau road (blue) and the ADB loans for the Dili-Liquica and Tibar-Gleno (red) roads are imminent. The World Bank loans for the roads south from Dili (green) won't be contracted until November 2012, and others are next year or later.
The graph shows La'o Hamutuk's projections of the annual cost of repaying the loans on the map. Figures for the JICA, ADB and World Bank loans come the lenders, but those from China and the not-yet-identified financer for the South Coast Highway are estimates by La'o Hamutuk (yellow cells in the table below).
The map and graph include the following loans:
|Project||Financed by||Loan||Grace period (yrs)||Term (yrs)||Interest rate||Total repaid|
|Dili-Liquica-Gleno roads||ADB ADF concessional||$9.1m||8||32||1.0% / 1.5%||$12m|
|Dili-Liquica-Gleno roads||ADB OCR commercial||$30.9m||5||25||LIBOR + 0.19%||$46m|
|Dili-Ainaro, Same, Ermera roads||WB IDA concessional||$20m||10||25||2.5%||$28m|
|Dili-Ainaro, Same, Ermera roads||WB IBRD commercial||$20m||5||30||LIBOR + 0.46%||$32m|
|Dili-Baucau road||JICA concessional||$68.7m||10||30||0.7%||$77m|
|Dili drainage||China Ex-Im bank||$40m||10||25||3.0%||$60m|
|Manatuto-Natarbora road||ADB commercial (?)||$75m||5||25||LIBOR + 0.19%||$110m|
Tasi Mane highway
This is only the foot in the door. Some estimate that Timor-Leste may borrow six billion dollars to finance the Strategic Development Plan, and even more if we pay to build components of the Tasi Mane petroleum infrastructure project in addition to the Suai Supply Base.