IBRD Loan: US$60.0 Million
TERMS: Maturity = 17 year; Grace Period = 4 years
PROJECT DESCRIPTION: The ARP III Large-Scale Oil Polluted Land Cleanup Project will support the State Environment Program to curtail environmental degradation in the Absheron Peninsula, by improving: (i) the State Oil Company of Azerbaijan Republic's capacity and effectiveness in environmental management and in cleaning up of oil-polluted land in the Absheron Peninsula, and (ii) the quality of soil conditions in oil-polluted lands cleaned up under the project.
