Russian Federation: Cadastre Development Project

WASHINGTON, July 5, 2005- The following project was approved today by the World Bank’s Board of Executive Directors:

IBRD LOAN AMOUNT: $100 million

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

PROJECT DESCRIPTION: This project aims to improve the information flow and rationalize normative and operational procedures for the Unified State Cadastre of Immovable Property so as to facilitate development of real property markets, improve the quality of services provided by the offices of the Cadastre Agency, and strengthen linkages with other organizations. The project has four   main components: Institutional Development of the Real Estate Cadastre; Cadastre System Interrelations; Real Estate Taxation Development; and Project Monitoring and Management. For more information, please call Miriam Van Dyck at (202) 458-2931, or email: mvandyck@worldbank.org. For project information documents, visit: http://web.worldbank.org/external/projects/main?pagePK=104231&piPK=73230&theSitePK=40941&menuPK=228424&Projectid=P078420