India - Madras Water Supply and Sanitation Project

Document of The World Bank FOR OFFICIAL USE ONLY >j/ c/&29 y-X> Cf Report No. P-4581-IN MEMORANDUM AND RECOMMENDATION OF THE PRESIDENT OF THE INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT AND THE INTERNATIONAL DEVELOPMENT ASSOCIATION TO THE EXECUTIVE DIRECTORS ON A PROPOSED LOAN OF US$53.0 MILLION AND PROPOSED CREDIT OF SDR 12.5 MILLION TO INDIA FOR THE MADRAS WATER SUPPLY AND SANITATION PROJECT MAY 28, 1987 This document has a restricted distribution and may be used bY recipients onl in the performance of their official duties. Its contents may not otherwise be disclosed %ithoui World Bank authorization.  CURRENCY EQUIVALENTS Currency Unit Rupee (Rs) US$ 1.00 - Rs 13.44 Rs 1.00 - US$ 0.074 UNIT OF MEASURE METRIC SYSTEM lcd liters per capita per day PRINCIPAL ABBREVIATIONS AND ACRONYMS-USED Gor = Government of India GTN Government of Tamil Nadu MMA a Madras Metropolitan Area MMWSSB - Madras Metropolitan Water Supply and Sewerage Board UNDP = United Nations Development Programme WHO a World Health Organization FISCAL YEAR April 1 - March 31  FOR OMCAL USE ONLY INDIA MADRAS WATER SUPPLY AND SANITATION PROJECT LOAN, CREDIT AND PROJECT SUMMARY Borrower: India, acting by its President, Government of India (GOI). Beneficiaries: Government of Tamil Nadu (GTN) and Madras Metropolitan Water Supply and Sewerage Board (NMWSSB). Amount: Loan: US$53.0 million equivalent. Credit: SDR 12.5 million (11S$16.0 million equivalent). Terms: Loan: Repayment over 20 years, including five years grace, at the applicable rate of interest. Credit: Standard. On-lending GOI to GTN: As part of central assistance to States for Terms: development projects on terms and conditions applicable at the time. .TN to MMWSSB: At 8.75% annual rate of interest, with repayment over 25 years, including five years grace. GOI would bear the foreign exchange and interest rate risks. Local Foreign Total