The Telecommunications Loan will cover the cost of constructing a building to house radio transmitter equipment to serve North Atlantic air traffic.
At the end of the Second World War, civil aviation lines operating in the North Atlantic region needed additional air navigation services based in Iceland. The transmitters were inadequately sheltered in a wartime temporary building, presenting a considerable fire risk. The Telecommunications Project loan will fund the construction of a new building to house a set of radio transmitters that furnish air-ground telecommunication services and the transfer of the transmitters and other equipment to the new site.
The profile contains project and financial information and lists of project documents and archival records.
Mr. Svoboda reports on his visit to Iceland to review the status of the radio transmitter building project (30346817).
The press release includes information on two loans to Iceland to assist the program of agricultural development and to finance the construction of a building to house radio transmitter equipment (30346817).
President Black and Icelandic delegates sign the loan for the second farm improvement project and the telecommunications project (1722464; Credit: The World Bank).
The report describes the loans, appraises them, ensures compliance with the Bank's Articles of Agreement, and recommends that the loans be granted.