The following project was approved yesterday by the World Bank's Board:
CREDIT AMOUNT: IDA-US$15 million
TERMS: Grace period=10 years, maturity=40 years
PROJECT DESCRIPTION: This project will help to secure, over the medium-term, an acceptable level of service on the Djibouti-Galafi Road which constitutes Djibouti Port's transit corridor to Ethiopia, during the period when a long-term corridor improvement scheme is being developed and implemented by the Ethiopian and Djibouti governments with assistance from the European Union. For more information, call Sharon Cox at (202) 473-2035, fax at (202) 473-7917, or e-mail Scox1@worldbank.org. |
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