WASHINGTON, January 12, 2012 - The World Bank’s Board of Executive Directors today approved the following project: IDA Credit: US$8.7 Million Equivalent Terms: Maturity = 40 years Grace = 10 years IDA Grant: US$7.1 Million Equivalent Project ID: P122811  Project Description: The additional financing for the BOUIP project aims to assist the government in increasing the availability of basic urban services in semi-formal settlements known as new housing developments (novostroiki) and increasing the availability of social infrastructure.  Contact: Jonathan Daly (202) 473-2588 Jdaly1@worldbank.org  For more information, please visit here: http://web.worldbank.org/external/projects/main?pagePK=64283627&piPK=73230&theSitePK=40941&menuPK=228424&Projectid=P122811 |