IBRD Loan: US$485 million
Terms: Maturity = 30 years; Grace = 5.5 years
Project ID: P122391
Project Description: The objective of the project is to support the State Government of Rio de Janeiro in strengthening its policies for planning and managing territorial growth in the Rio de Janeiro Metropolitan Region, promoting the provision of affordable housing, and creating integrated social development programs targeting the urban poor. The Metropolitan Region of Rio de Janeiro (RMRJ), with a population of 12 million, is the nation's second largest metropolitan area. The area has entered into a new era of development, supported by new opportunities provided by being the host city of events such as the 2016 Summer Olympic Games and the 2014 World Cup.