WASHINGTON, February 14, 2019 - The World Bank’s Board of Executive Directors today approved the following project:
IBRD Loan: US$ 35 million equivalent
Terms: Maturity = 30 years
Project ID: P165973
The project aims to reduce flood risks by upgrading critical drainage infrastructure in the Saramacca Canal, as well other secondary and tertiary systems. It will also optimize the overall maintenance of the canal and navigation; reduce the inundation time for property and businesses; develop a flood forecasting service; and implement an emergency response in the event of a natural disaster.
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