WASHINGTON, June 17, 2004—The following project was approved today by the World Bank’s Board:
CREDIT AMOUNT: US$15 Million
TERMS: Grace period = 10 years; Maturity = 40 years
PROJECT DESCRIPTION: The project aims to build a strong governance, institutional, and service delivery framework that will enable efficient and sustainable delivery of water, and sewerage services to the population of Nairobi. The three main project components will: 1) support the operationalization, and strengthening of a new autonomous asset holding entity - Nairobi Water Services Board (NWSB) – and a new autonomous and ring-fenced water, and sewerage service provision company for Nairobi - Nairobi City Water and Sewerage Company (NWSC); 2) support selected activities aimed at strengthening the commercial, financial, and technical operations of NWSC; and 3) support monitoring of project activities, implementation of a complementary communication program in support of the new institutional transformation in services provision. For more information, please call Herbert Boh at (202) 458-8418, fax at 473-7917, or e-mail Hboh@worldbank.org. For project information documents, please visit: http://web.worldbank.org/external/projects/main?pagePK=104231&piPK=73230&theSitePK=40941&menuPK=228424&Projectid=P049618
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