The Treasury said on Monday it had secured135 million euros in funds from the World Bank for a digital mapping project to update its land registry system. The Treasury said in a written statement that work on the project had already commenced, noting also that the World Bank had provided the loan for the financing of the Land Registry and Cadastre Modernization Project, to be implemented by the Land Registry and Cadastre Agency (TKGM) and Ministry of Public Works and Settlement.
The World Bank's executive board approved the project on May 1. The loan contract was agreed and signed Monday with a 23.5-year repayment period and a five-year grace period to disburse the funds accordingly.
The objective of the Land Registry and Cadastre Modernization Project is to enhance the "effectiveness and efficiency of the land registry and cadastre services." The objective according to the Treasury will be achieved with the following five aims: renovating and updating cadastre maps to support digital cadastre and land registry information; improving service quality of land registry and cadastre offices; integrating land registry and cadastre information into e-government activities; improving the TKGM's human resources and institutional capacity; and developing policies and capacity to introduce property valuation in Turkey parallel to the best international practices.
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Quelle/Source: Today's Zaman, 11.06.2008
