WASHINGTON, June 11, 2009 - The World Bank’s Board of Executive Directors today approved the following project:  Turkey: First Programmatic Electricity Sector Development Policy Loan  IBRD Loan: US$800 million equivalent Terms:  Euro-denominated commitment-linked flexible loan, variable spread; Maturity = 23.5 years; Grace period = 12 years Project ID: P110643 Project Description:  The First Programmatic Electricity Development Policy Loan Program for Turkey supports the implementation of the Government's program for the electricity sector. Measures undertaken by the Turkish administration and supported under the program are expected to contribute to sustaining the growth experienced by Turkey since 2002, generating employment, supporting the competitiveness of Turkish industry, and improving the living standards of its people.  Media Contact: Michael Jones (202) 473-2588 mjones2@worldbank.org  For more project information, please visit: http://web.worldbank.org/external/projects/main?pagePK=64312881&piPK=64302848&theSitePK=40941&Projectid=P110643  |
RSS