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.