WASHINGTON, January 15, 2008: The following project was approved today by the World Bank’s Board of Executive Directors:
IBRD Loan: US$ 18.9 million
Terms: Maturity = 16 years; Grace = 4 years.
PROJECT DESCRIPTION: The objective of this project is to strengthen the capacity of the municipalities of Bage, Pelotas, Rio Grande, Santa Maria and Uruguaiana to provide selected infrastructure services and employment opportunities for their population. In addition, the five municipalities will benefit from improved partnerships and enhanced capacity strengthening by working together on common development priorities. Finally, the cumulative impact o f program implementation is expected to have a positive spill-over effect on economic development in other municipalities in the southern half of the State.
For more information please call:
Gabriela Aguilar at (202) 473-6768 or e-mail gaguilar2@worldbank.org
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