WASHINGTON, June 24, 2008- The following projects were approved today by the
World Bank’s Board of Executive Directors:
IBRD Loan: US$150 million
TERMS: Maturity = 25 Years; Grace Period = 6 Years
Program Description: The city of Xi'an, home to the world-renowned Terracotta Army and other cultural relics, faces a huge challenge of balancing preservation of its cultural heritage with the demands of a modern city. Through the new Xi’an Sustainable Urban Transport Project, bus prioritization, bicycle routs, traffic calming and speed-reducing strategies will be introduced in an effort to foster better road use and access to cultural sites.
For more information, please call Mohamad Al-Arief at (202) 458-5964 or email malarief@worldbank.org.
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