WASHINGTON, June 20, 2007 - The following project was approved today by the World Bank’s Board of Executive Directors:
IBRD LOAN: US$50 million
TERMS: Grace period = 5 years; Maturity = 17 years.
PROJECT DESCRIPTION: This additional financing will support the implementation of priority flood protection works along the banks of the Danube and Sava rivers. This will allow for a significant expansion of flood protection activities, thus reducing the risk from flooding to life, land, crops, property, and infrastructure.
For more information, please call Steven Jouy, at (+1-202) 473-4215 or email: sjouy@worldbank.org
For more project information, please visit the project web site.
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