Posted by Aby Toure (In Washington - akonate@worldbank.org) and Obadiah Tohomdet (Abuja - otohomdet@worldbank.org) on
WASHINGTON, July 6, 2006 - The World Bank Board of Executive Directors today approved an International Development Association (IDA) credit* of US$200 million....
WASHINGTON, July 6, 2006 - The World Bank Board of Executive Directors today approved an International Development Association (IDA) credit* of US$200 million for the Lagos Metropolitan Development and Governance project in Nigeria.
This project aims to increase sustainable access to basic urban services through investments in critical infrastructure.
'The Lagos Metropolitan Development and Governance project is consistent with the Country Partnership Strategy that supports Nigeria's National Economic, Empowerment and Development Strategy through improved service delivery for human development and improved transparency and accountability for better governance," said Deepali Tewari, the World Bank Task Team Leader of the project.
The project has three components:
The first component Infrastructure will
(i) reduce flooding in eastern Lagos through support for the cleaning of all six drainage systems and the reconstruction of two of the six systems, and the development of a long term technical solution to flooding;
(ii) enhance the efficiency of the solid waste sector by segregating collection, transfer and disposal of solid waste and initiate private sector participation in solid waste transfer and disposal;
(iii) rehabilitate neighborhood roads, drains, schools, and clinics and support improved access to water for over one million slum dwellers in nine selected slums;
The second component Public Governance and Capacity Building will institutionalize data driven planning and results monitoring of government programs and policies, public finance reforms to improve budgeting and expenditure management, and support leadership development programs.
The third component Urban Policy will finance knowledge management and communications to strengthen metropolitan policy dialogue and public-private partnerships, particularly around infrastructure and sustainable service delivery, land management, and property taxation.
*The credit is provided on standard International Development Association (IDA) terms, with a commitment fee of 0.35 percent, a service charge of 0.75 percent over a 40 year period of maturity which includes a 10-year grace period.