WASHINGTON, February 22, 2007 - The following project was approved today by the World Bank’s Board of Executive Directors:  IDA CREDIT: US$5 million TERMS: Grace Period = 10 years; Maturity = 20 years IBRD LOAN: US$20 million TERMS: Grace Period = 4 years; Maturity = 17 years PROJECT DESCRIPTION: The project will finance the construction of the 26 kilometer section between the cities of Milot and Rreshen, will test performance based road maintenance on a pilot basis, improve road safety, and provide further necessary technical assistance and equipment.  For project details, please callSteven Jouy at (202) 473-4215 or email:sjouy@worldbank.org    For more project information, please visit the project web site.   |
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