WASHINGTON, April 27, 2006- The following project was approved today by the World Bank’s Board of Executive Directors:
IDA CREDIT: US$7 million
TERMS: Grace period = 10 years; Maturity = 40 years
PROJECT DESCRIPTION: The main objective of this project is to spur competition in telecommunications and continue to bring phone service to remote areas, reducing the cost of services and connecting rural communities with the outside world.
For project details, please call Stevan Jackson at (202) 458 5054 or email sjackson@worldbank.org
For more information, please visit the project website: http://web.worldbank.org/external/projects/main?pagePK=64283627&piPK=73230&theSitePK=40941&menuPK=228424&Projectid=P089989
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