KONTAN.CO.ID - JAKARTA. Indonesia has just received a US$49.6 million loan from the World Bank to finance the government’s plan to integrate city planning across the nation. The loan, approved by the World Bank’s board of executive directors on Monday, would be used to finance a government project called the National Urban Development Project (NUDP) to improve city planning and make the country benefit from the positive effects of urbanization. The program will help cities integrate sectoral plans and strategies, including master plans for transportation, housing, economic strategies and environment. In addition, it will strengthen the link between medium-term capital investment, infrastructure prioritization and financing needs.
World Bank grants US$ 49.6 million loan for Indonesia's urban planning program
KONTAN.CO.ID - JAKARTA. Indonesia has just received a US$49.6 million loan from the World Bank to finance the government’s plan to integrate city planning across the nation. The loan, approved by the World Bank’s board of executive directors on Monday, would be used to finance a government project called the National Urban Development Project (NUDP) to improve city planning and make the country benefit from the positive effects of urbanization. The program will help cities integrate sectoral plans and strategies, including master plans for transportation, housing, economic strategies and environment. In addition, it will strengthen the link between medium-term capital investment, infrastructure prioritization and financing needs.