WB loans $203 mln to Turkey's Cadastre Modernization
Güncelleme Tarihi:
The World Bank (WB) approved a $203 mln loan to be used for the Cadastre Modernization Project for Turkey, WB said on Thursday. The project aims at contributing to public services by spreading and making effective e-government applications.
The term of repayment of the loan financed by International Bank for Reconstruction and Development (IBRD) will be 23.5 years, with no repayments for the first five years, according to a statement posted on the official website of the World Bank.  Â
The project aims to improve the effectiveness and efficiency of the land registry and cadastre services.
"This objective will be achieved through renovating and updating cadastre maps to support digital cadastre and land registry information; making the digital land registry and cadastre information available to public and private entities; improving customer services in land registry and cadastre offices; improving human resources in the Turkish Land Registry and Cadastre Agency (TKGM); and developing policies and capacity to introduce in Turkey best international practices in property valuation." the statement said.
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