WASHINGTON, September 18, 2007 - The following project was approved today by the World Bank’s Board of Executive Directors:
IBRD LOAN: US$100 million
TERMS: Maturity = 20 years; Grace = 8 years.
PROJECT DESCRIPTION: The project aims to support local development in Alexandria by removing key infrastructural constraints, reducing barriers to investment, and ensuring the socioeconomic integration of the poor.
For more information, please call: Dina El Naggar at (202) 473-3245 or email:
Delnaggar@worldbank.org
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