First Neighborhood Improvement Loan

The objectives of the Program are: (i) to legalize the property rights (ii) to provide public basic infrastructure and urban and communities facilities (iii) to strengthen the neighborhoods organizations and their capacity to resolve issues related with their habitat. (iv) to increase the supply of urbanized land and low cost housing.

Project Detail

Country

Uruguay

Project Number

UR-L1009

Approval Date

November 12, 2008

Project Status

Closed

Project Type

Loan Operation

Sector

URBAN DEVELOPMENT AND HOUSING

Subsector

NEIGHBORHOOD UPGRADING

Lending Instrument

Investment Loan

Lending Instrument Code

INV

Modality

ESP (Specific Investment Operation)

Facility Type

Environmental and Social Impact Category (ESIC)

Category B: Likely to cause mostly local and short-term negative environmental and associated social impacts and for which effective mitigation measures are readily available

Total Cost

USD 100,000,000.00

Country Counterpart Financing

USD 30,000,000.00

Original Amount Approved

USD 70,000,000.00