India: Himachal Pradesh State Roads Project

WASHINGTON, June 5, 2007 - The following project was approved today by the World Bank’s Board of Executive Directors:

 

IBRD Loan: US$220 million

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

OBJECTIVE: The goal of the project is to upgrade priority segments of the Himachal Pradesh core road network, including widening of formation and pavement strengthening of about 450km of roads, and implementation of ancillary social, environmental and bio-engineering measures. It will also support periodic maintenance and minor rehabilitation of about 2,000km of roads. This will reduce transport costs and to improve traffic flows.

For more information, please call Benjamin Crow at (202) 473-5105 or email:

Bcrow@worldbank.org