Project proposals: Venezuela
116. The Executive Committee approved the following two projects to be implemented by the World Bank:
1. FAACA, mobile air conditioner factory conversion for fabrication of HFC-134a heat exchangers in the amount of US $3.48 million;
2. AAISA, automobile air conditioner factory conversion for assembly of HFC-134a compressors in the amount of US $620,000.
117. The Executive Committee further recommended that implementation of those two plants should not result in an additional production capacity.