74943
                                 United Republic of Tanzania

                       Additional Financing and Restructuring for the
                        Second Central Transport Corridor Project

                               SUMMARY OF DISCUSSIONS ∗

                              Meeting of the Executive Directors

                                          January 15, 2013


             Executive Directors approved the restructuring and additional credit to the
      United Republic of Tanzania for the Second Central Transport Corridor Project
      (CTCP2-AF), in the amount of SDR64.9 million (US$100 million equivalent) on
      the payment terms and conditions set out in the President’s Memorandum
      (IDA/R2012-0293).

              Directors expressed support for the more focused objectives associated
      with the Bus Rapid Transit which would provide a reliable and cost effective
      mass transit system on the selected corridor in Dar es Salaam city. Directors
      noted the increased project cost but appreciated assurances that the project
      remains economically viable. They also welcomed the actions taken to address
      social safeguards challenges during the implementation. Finally, Directors
      emphasized the importance of building on lessons learned from a complex project
      like this both within the Bank and its partners.




∗
This summary is not an approved record.