India - West Bengal Forestry Project

Document of The World Bank FOR OFFICIAL USE ONLY MICROFICHE COPY Report No. P- 5650-IN Type: (PM) ReportNo.P-5650-IN CLARK, A. / X80296 / E10007/ AS4AG MEMORANDUM AND RECOMMENDATION OF THE PRESIDENT OF THE INTERNATIONAL DEVELOPMENT ASSOCIATION TO THE EXECUTIVE DIRECTORS ON A PROPOSED CREDIT -OF SDR 24.4 MILLION TO INDIA FOR A WEST BENGAL FORESTRY PROJECT FEBRURY 25, 1992 This document has a restricted distribution and may be used by recipients only in the performance o their ofricial duties., Its contents may not otherwise be disclosed without World Bank authorization.  (as of July 1, 1991) Currency Unit - Rupees (Rs.) US$ 1 - RS. 26.0 WEIGHTS AWn MEASURER The metric system is used throughout the report AUMTATIONS AND ACRONXtiMA ARDD - Animal Resources Development Department ERR - Economic Rate of Return FD - Forest Department FDC - Forest Development Corporation FPC - Forest Protection Committee GDP - Gross Domestic Product GOI - Government of India GOWB - Government of West Bengal ICB - International Competitive Bidding IRR - Internal Rate of Retuxn LCB - Local Competitive Bidding NGO - Non Government Organization NPV - Net Present Value NWFP - Non-Wood Forest Products SOE - Statement of Expenditure EIs:La,'aa GOI, GOWB - April 1 to March 31  FOR OmcJ4 USE ONLY WEST BENGAL IORESTRY PROJECT Cradit and Prolect sunmarg India, Acting by its President Beneficiary: The Forest Department and Animal Resources Development Department of the Government of West Bengal (GOWB) Amount.: IDA Credit SDR 24.4 million (US$ 34.0 million equivalent) Standard, with 35 years maturity. Onlending Terms: From the Government of India (GOI) to GOWB as part of central assistance to the state for development projects on terms and conditions applicable at the time. GOI wi-l assume the foreign exchange risk. Financ ing Plan: Thocal rarein Tot-al