WASHINGTON, January 24, 2006- The following project was approved today by the World Bank’s Board of Executive Directors: IDA GRANT: $15 million IDA CREDIT: $184.02 million TERMS: Grace period = 10 years; Maturity = 40 years PROJECT DESCRIPTION: The threefold objective of the project is to (i) improve the trade environment through the effective implementation of the East African Community Customs Union Protocol adopted in March 2004; (ii) enhance the efficiency of transport and logistics services along key transport corridors by reducing non tariff barriers and uncertainty of transit time; and (iii) improve railway services in Kenya and Uganda. For more information, please call In Washington Herbert Boh (202) 473- 3548 or email hboh@worldbank.org For project documents please visit: http://web.worldbank.org/external/projects/main?pagePK=64283627&piPK=73230&theSitePK=40941&menuPK=228424&Projectid=P079734 |
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