IBRD Loan: US$200 million
TERMS: Maturity = 24.5 years; Grace = 9 years
Project Description: This project consists of four annual loans during 2007-2010, and aims to:
- Increase the quantity and efficiency of central Government spending on infrastructure through improved public service obligation (subsidy) policy, and expenditure planning and budgeting;
- Improve sub-national infrastructure services through increased sub-national government spending and an improved incentives framework;
- Increase private investment in infrastructure through the establishment of a fiscally sound, credible and transparent PPP framework; and
- Enhance governance for infrastructure through improved land acquisition, environmental protection, and procurement and audit processes within the Ministry of Public Works.