Romania: Mine Closure, Environmental and Socio-Economic Regeneration Project

WASHINGTON, December 16, 2004  - The following project was approved today by the World Bank’s Board of Executive Directors:

LOAN AMOUNT: US$120 million

TERMS: Grace period = 5 years; Maturity = 17 years

PROJECT DESCRIPTION: This project will  assist the Government of Romania in closing uneconomic mining enterprises in an environmentally sustainable manner, while helping to facilitate the socio-economic regeneration of the mining regions. For more information, please call Merrell Tuck-Primdahl at (202) 473-9516, or email: mtuckprimdahl@worldbank.org. For project information documents, visit: http://web.worldbank.org/external/projects/main?pagePK=104231&piPK=73230&theSitePK=40941&menuPK=228424&Projectid=P087807