WASHINGTON, June 20, 2007 - The following project was approved today by the World Bank’s Board of Executive Directors:  IBRD LOAN: US$18 million. TERMS: Grace period = 5 years; Maturity = 17 years. IDA CREDIT: US$10 million TERMS: Grace Period = 10 years Maturity = 20 years. PROJECT DESCRIPTION: This project will allow the Government to complete the original goal of the project (cost overrun) and scale up energy efficiency improvements to include: rehabilitation of the heat supply system of one large complex of buildings, such as the Nis Clinical Center; lighting in schools; energy efficiency improvements in social buildings, such as orphanages; and energy efficiency improvements in additional schools and hospitals across Serbia.  For more information, please call Steven Jouy, at (+1-202) 473-4215 or email: sjouy@worldbank.org For more project information, please visit the project web site.
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