India: Karnataka Municipal Reform Project

WASHINGTON, March 14, 2006- The following project was approved today by the World Bank’s Board of Executive Directors:

 

IBRD LOAN: US$216 million

TERMS: Grace period = 5 years; Maturity = 20 years

PROJECT DESCRIPTION: The project is designed to support an evolving process of urban reforms in Karnataka that focus on large-scale restructuring of urban governance and management. These reforms are expected to result in the creation of well-governed and functioning cities that are able to finance and deliver basic urban services for the urban poor in a sustainable manner.

 

For more information, please call Benjamin Crow at (202) 473-5105 or email: bcrow@worldbank.org

For project information, please visit the project web site.