WASHINGTON, December 6, 2007 - The following project was approved today by the World Bank’s Board of Executive Directors: IBRD Loan: US$15.3Million TERMS: Maturity=19 years; Grace= 2years PROJECT DESCRITPION: The objective of the project is to increase production and market access of rural families living in the Chambo and Chanchan-Chimbo river basins within Chimborazo Province, through investments in irrigation and roads improvement. The major outcome indicators are: increased value of production and increased production sales. By the end of the project, approximately 17,500 rural families are expected to have increased their value of production by 10 percent and 15,000 rural families are expected to have increased their sales by 5 percent. For more information please call Gabriela Aguilar Martinez (202) 473-6768 or email gaguilar2@worldbank.org |
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