Azerbaijan- Absheron Rehabilitation Program (ARP) I: Contaminated Sites Rehabilitation (S) Project

WASHINGTON, June 17, 2008- The following project was approved today by the World Bank’s Board of Executive Directors:

IBRD Loan: US$74.50 Million

TERMS: Maturity = 17 years, Grace Period = 4 years

PROJECT DESCRIPTION: The ARP I Contaminated Sites Rehabilitation Project will support the Environment State Program to curtail environmental degradation in the Absheron Peninsula, by assisting in decontamination of former iodine production sites and the development of a strategy for remediation/containment of Naturally Occurring Radioactive Materials (NORM) contaminated sites.  The project will also provide support to develop institutional capacity for the cleanup of former oil production sites.

For more information, please call Michael Jones (202) 473-2588 or e-mail here at mjones2@worldbank.org.

For more project information http://web.worldbank.org/external/projects/main?pagePK=64283627&piPK=73230&theSitePK=301914&menuPK=301947&Projectid=P104985