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LOANS & CREDITS

Bhutan: Second Urban Development Project

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Washington DC, April 29, 2010—The World Bank's Board of Executive Directors today approved the following project.

IDA Credit: US$12 million equivalent
Terms: Maturity = 20 years; Grace = 10 years
Project ID: P090157

Project Description: The Second Urban Development Project for Bhutan aims to proposed project development objectives are to: (i) support Bhutan’s municipal reform program by strengthening municipal management systems in Thimphu and Phuentsholing; and (ii) improve infrastructure services in northern Thimphu where no formal services are currently available.