WASHINGTON, May 29, 2008- The following project was approved today by the World Bank’s Board of Executive Directors: IDA Credit: USD$ 30 Million TERMS: Maturity = 40 Years; Grace Period = 10 Years PROJECT DESCRIPTION: The Local Urban Infrastructure Development Project aims to increase and sustain access of urban residents to basic infrastructure and services, particularly those living in deprived settlements. To achieve this objective, the project will: (i) support capacity development of local governments and other stakeholders in charge of urban development to plan, program, deliver and maintain infrastructure and services in the selected cities; and (ii) finance local infrastructure investments in selected cities (roads and drainage works, water supply, food markets, truck terminals, etc.). For more information, please call Aby Konate at (202) 473-8302 or e-mail here at akonate@worldbank.org For project information, please visit: http://web.worldbank.org/external/projects/main?pagePK=64283627&piPK=73230&theSitePK=40941&menuPK=228424&Projectid=P095949 |