| WASHINGTON, November 5, 2009 - The World Bank’s Board of Executive Directors today approved the following projects: IDA Grant (Central African Republic): US$67 million equivalent IDA Credit (Republic of Cameroon): US$150 million equivalent Terms: Maturity = 40 years; Grace Period = 10 years Project ID: P115259 Project Description: The Transport and Transit Facilitation Project for the Central African Republic and the Republic of Cameroon aims to facilitate regional trade among the CEMAC member states and improve access to world markets for the Central African Republic, the Republic of Cameroon, and the Republic of Chad. The additional financing will help finance the costs associated with: (a) the completion of some of the original Project activities, most of which were funded by other donors and (b) the enhancement of the project's capacity to achieve its objectives. Media Contact Francois Gouahinga 202-473-0696 fgouahinga@worldbank.org For more project information, please visit: http://web.worldbank.org/external/projects/main?pagePK=64283627&piPK=73230&theSitePK=40941&menuPK=228424&Projectid=P115259 |
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