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Iran: Urban Upgrading and Housing Reform Project

Date: May 25, 2004
WASHINGTON, May 25, 2004—The following project was approved today by the World Bank’s Board:

LOAN AMOUNT:  US$80 million

TERMS: Grace period =5 years; Maturity = 17 years
PROJECT DESCRIPTION: The project objectives are to improve the living conditions in under-serviced neighborhoods in up to five provincial capital cities and; prepare the systems, capacity, and regulatory foundation and initiate market based housing sector reforms. To ensure that investments in upgrading are of high priority to their beneficiaries, municipalities are expected to undertake a strategic planning process with significant community participation. For more information, please call Sereen Juma at (202) 473-7199, or e-mail For more project  information visit:

For more information, please visit the Projects website.

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