India - Madras Urban Development Project

Document of FILE COPY The World Bank FOR OFFICIAL USE ONLY Report No. P-1944-IN REPORT AND RECONMENDATION OF THE PRESIDENT OF THE INTERNATIONAL DEVELOPMENT ASSOCIATION TO THE EXECUTIVE DIRECTORS ON A PROPOSED CREDIT TO THE GOVERNMENT OF INDIA FOR A MADRAS URBAN DEVELOPMENT PROJECT February 24, 1977 This docment has a restricted distribution and may be used by recipients only In the performance of their official duties. Its contents may not otherwise be disclosed without World Bank authoriation.  CURRENCY EQUIVALENTS (as of January 12, 1977) Rs 1.00 = Paise 100 US$1.00 Rs 8.91 Rs 1.00 = US$0.1122 Rs 1 million US$112,200 (Since September 24, 1975, the Rupee has been officially valued relative to a "basket" of currencies. As these currencies are now floating, the U.S. Dollar/Rupee exchange rate is subject to change. Conversions in the Appraisal Report were made at US$1 td Rs 9.00). FISCAL YEAR April 1 - March 31 LIST OF ABBREVIATIONS AND ACRONYMS GTN = Government of Tamil Nadu MMDA Madras Metropolitan Development Authority ICICI Industrial Credit and Investment Corporation of India IDBI = Industrial Development Bank of India TNHB Tamil Nadu Housing Board TNSCB = Tamil Nadu Slumd Clearance Board SIDCO = Small Industries Development Corporation TNHDC = Tamil Nadu Handicrafts Development Corporation DSW = Department of Social Welfare TWAD = Tamil Nadu Water Supply & Drainage Board MC = Madras Corporation DHRW = Department of.Highways & Rural Works PTC = Pallavan Transport Corporation  FOR OFFICIAL U