WASHINGTON, September 11, 2007 - The following project was approved today by the World Bank’s Board of Executive Directors: IDA CREDIT: US$15 million TERMS: Grace= 10 years; Maturity = 40 years. PROJECT DESCRIPTION: The development objectives of the project are to increase water service coverage in the cities of Beira, Quelimane, Nampula and Pemba, and to establish an institutional and regulatory framework for water management in smaller cities and towns. These development objectives are also supported by a US$15 million grant from the Africa Catalytic Growth Fund (ACGF*), which was approved on August 8, 2007. This project builds on accumulated World Bank experience in the sector, especially the ongoing National Water Development Project II (NWDP II) and its supplemental credit, totaling US$90 million, whose focus is to build physical and institutional infrastructure aimed at improving the management and production capacity of water in the country. For more information, please call John Donaldson at (202) 473 1367 or email: jdonaldson@worldbank.org For more project documents, please visit the project web site here: http://web.worldbank.org/external/projects/main?pagePK=64283627&piPK=73230&theSitePK=382131&menuPK=382166&Projectid=P104566 |
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