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LOANS & CREDITS

METROPOLITAN AREAS URBAN TRANSPORT PROJECT – Additional Financing

January 27, 2017

WASHINGTON, January 26, 2017 - The World Bank’s Board of Executive Directors today approved the following project:

Argentina – METROPOLITAN AREAS URBAN TRANSPORT PROJECT – Additional Financing

IBRD Loan: US$45 million equivalent

Terms: Maturity = 32.5 years, Grace = 7 years

Project ID: P161393

Project Description: The objective of the program is to improve the quality and sustainability of urban transport systems in Argentine Metropolitan Areas. In particular, the project will contribute to the design and creation of a multijurisdictional Metropolitan Transport Agency for the Buenos Aires Metropolitan Area (AMBA); strengthening the institutional capacity of the transport authorities in decision making, planning, priority setting, and resource allocation in urban transport; improving the quality and performance of urban transport infrastructure and/or services; and improving the physical integration and access to public transport networks in the Buenos Aires Metropolitan Area.

Media Contacts
In Washington, DC
Marcela Sánchez-Bender
Tel : +1-202-473-5863
msanchezbender@worldbank.org
In Buenos Aires
Kelly Alderson
Tel : +(54) 11-43169724
kalderson@worldbank.org

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