Date
Timeline Description

The Port and Waterways Project will undertake the modernization of Belgium's transport system.

Detail Description

The Ports and Waterways Project will provide financing for the modernization of the Belgian transport system. The loan will cover part of five projects designed to improve and modernize ports and inland waterways. Specifically, the loan will fund: the completion of the Baudouin Lock at the Port of Antwerp; the construction of two canals; the completion of the Ghent canal ring; and the construction of a dam and locks at Neuville. There is a need to increase the capacity of many sections of the canals that have not been modernized since their construction in the nineteenth century. Once completed these improvements will ensure Belgium has a modern network of waterways for the transport of bulk cargo.

Image Timeline
Men working on concrete beams (30232669; Credit: The World Bank).
Image Timeline Caption

Men working on concrete beams (30232669; Credit: The World Bank).

Resource
Title
Port and Waterways Project
Description
P037360: Approved Dec. 10, 1954
The profile contains project and financial information and lists of project documents and archival records.
Image
Port and Waterways Project
Event
46
Title
Statement by President Black
Image
Statement by President Black
Description
Dec. 15, 1954
President Black makes a statement on the occasion of the signing of an agreement for a $20 million loan to Belgium made simultaneously with a $30 million issue of Belgian government bonds on the US market (1535619).
Event
46
Title
Correspondence from the Belgian Ministry of Finance to the World Bank
Image
Correspondence from the Belgian Ministry of Finance to the World Bank
Description
Jan. 25, 1962
The letter provides information on the progress on work in connection with the Ghent and Charleroi-Brussels canals and explains the reasons for the delay (1535619).
Event
46
Image
Bayemont railway bridge
Title
Bayemont railway bridge
Description
c.1954
The bridge was financed by the World Bank (30232669; Credit: The World Bank).
Event
46
Image
Men working on concrete beams
Title
Men working on concrete beams
Description
c.1954
Cementing ends of cables that run through prefabricated concrete beams (30232669; Credit: The World Bank).
Event
46
Title
Ports and Waterways Project: Appraisal Report
Image
Ports and Waterways Project: Appraisal Report
Description
Document date: Dec. 1, 1954
The report appraises the proposed project, looks at the Austrian power industry, and provides justification for the project.
Event
46
Title
Interview with Hugh Ripman
Image
Interview with Hugh Ripman
Description
Interview date: July 17 and 18, 1968
On page 11 of the transcript, Ripman briefly discusses the loans to Belgium.
Event
46
Title
Interview with Davidson Sommers
Image
Interview with Davidson Sommers
Description
Interview date: August 2, 1961
On pages 21-22, Sommers discusses the Bank's conflicted lending policy regarding Belgium.
Event
46
Title
Interview with Alexander Stevenson
Image
Interview with Alexander Stevenson
Description
Interview date: August 10, 1961
On pages 25-28 of the transcript, Stevenson discusses the evolution of the Bank's lending policy for Belgium.
Event
46
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