| WASHINGTON, May 25, 2004—The following project was approved today by the World Bank’s Board:
CREDIT AMOUNT:Â US$55 million
TERMS: Grace period =10 years; Maturity = 20 years
PROJECT DESCRIPTION: The Transport Rehabilitation Project will help to improve transport infrastructure in the country and to strengthen the Serbian transport sector’s institutions. The project has two components. The first component is strengthening of the capacity of the Republic of Serbia Road Directorate (SRD). The project’s second component is the enhancement of road maintenance, rehabilitation, and safety. For more information, please call Miriam Van Dyck at (202) 458-2931,  or e-mail mvandyck@worldbank.org. For more project information visit: http://web.worldbank.org/external/projects/main?pagePK=104231&piPK=73230&theSitePK=40941&menuPK=228424&Projectid=P075207
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