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World Bank to provide $110.83-m loan for TN health system project

Our Bureau

New Delhi , Jan. 5

THE agreements for the World Bank's assistance to the Tamil Nadu Health System Development Project were signed in the Capital today.

The World Bank is providing a loan of $110.83 million for the project.

An official release said that the total cost of the project is estimated at $131.59 million, with IDA loan amounting to $110.83 million and the Government of Tamil Nadu contributing the rest.

The IDA credit is available under standard terms and is repayable in 35 years including a grace period of 10 years.

The project would be implemented over a period of five years and is expected to be completed by March 31, 2010.

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