WASHINGTON, March 27, 2006 - The following projects was approved today by the World Bank’s Board of Executive Directors:
IBRD LOAN: US$100 million
TERMS: Maturity = 15 years; Grace Period = 5 years.
PROJECT DESCRIPTION: The objective of the project is to support the Buenos Aires Urban Transport Project in completing ongoing activities related to improving urban transport services in the City of Buenos Aires and the metropolitan area.The current project’s development objectives are to: (a) support the private-public partnership in improving the service quality and coverage of mass transit; (b) support infrastructure improvements defined in the concession agreements between the Government and the private sector; (c) assist in improving the conditions of traffic safety and environmental quality; and (d) help in developing an integrated urban transport (road and rail) system in the AMBA.
For more information, please call Patricia da Camara at (202) 473-4019 or email:
pdacamara@worldbank.org
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