WASHINGTON, June 21, 2007 - The following project was approved today by the World Bank’s Board of Executive Directors:
IBRD LOAN: $ 145 million
TERMS: Grace = 8 years; Maturity = 20 years.
PROJECT DESCRIPTION:The project introduces a public-private partnership model that aims at improving the livelihood and increasing the income of people in the reclaimed desert land to the West of the Nile Delta through: (i) mitigating further environmental degradation caused by excessive drawdown of the groundwater resources; and (ii) establishing a framework to support the financial sustainability of irrigation infrastructure in the region.
For more information, please contact Dina El Naggar at (202) 473-3245 or email:
Delnaggar@worldbank.org.
For more project documents, please visit the project web site.
|
RSS