World Bank will grant USD 100 M to improve access to basic services in vulnerable neighborhoods
The loan will benefit 26,000 inhabitants of Greater Buenos Aires who will have access to better services and social infrastructure
June 19, 2019
The World Bank approved additional financing for USD 100 million for the Province of Buenos Aires within the framework of the Urban Transformation project of the Buenos Aires Metropolitan Area. The main goal is to improve the living conditions and basic services in the neighborhoods of Villa Itatí and Villa Azul (Quilmes district) and Carlos Gardel (Morón district).
The project supports the province’s plan to better integrate neighborhoods into the urban fabric. There will be works to provide basic services (sewage, drinking water and electricity), to consolidate the pedestrian road scheme, to improve the public space and to foster social, employment and productive development opportunities.
The approved project is the result of the joint work of the Under-secretariat of International Financial Relations of the Ministry of Treasury, the officials of the government of the Province of Buenos Aires and the technical team of the World Bank. The operation will create opportunities and will improve the inclusion of vulnerable families.