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LOANS & CREDITS

Macedonia: Real Estate Cadastre and Registration Project (additional financing)

May 11, 2010



IBRD Loan: US$12.1 million equivalent

Terms: Maturity = 25 years; grace period = 8 years

Project ID: P119688

Project Description: The objective of this project is to build an efficient and effective real estate cadastre and registration system, contributing to the development of efficient land and real estate markets. The additional funding will contribute to the increased satisfaction of customers by providing faster, web-enabled services with graphical data. The new funding will also contribute to greater transparency and use of digital maps and cadastre data in local government offices where the data is required for planning purposes, social services, transport networks and a host of other local government activities. The additional financing will help to bring Macedonia to a status now found in most EU countries - where geographic information is readily accessible to the public, local authorities and other public agencies as part of the drive to improve efficiency and transparency of public services.


Media Contacts
Michael Jones
Tel : (202) 473-2588
mjones2@worldbank.org

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