WASHINGTON, April 26, 2007 - The following project was approved today by the World Bank’s Board of Executive Directors:
IDA CREDIT: US$ 37 million
TERMS: Maturity = 35 years; Grace Period = 10 years
PROJECT DESCRIPTION: The objective of the project is to ensure continued maintenance activities and to prevent deterioration in the country’s key national and provincial road networks until its National Transport Development Plan becomes operational shortly. Maintenance works on existing roads in two new provinces – Gulf Province and Western Province, is also included in the Additional Finance package. This increases the number of project provinces from six to eight.
For more information, please call Muhamad Al Arief at (202) 458-5964 or email:
malarief@worldbank.org
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