The World Bank DRC Multi-modal Transport (P092537)

Transcription

1 AFRICA Congo, Democratic Republic of Transport Global Practice IBRD/IDA Specific Investment Loan FY 2010 Seq No: 10 ARCHIVED on 06-Mar-2015 ISR17792 Implementing Agencies: Key Dates Key Project Dates Board Approval date:29-jun-2010 Planned Mid Term Review Date:11-Nov-2013 Original Closing Date:31-Dec-2015 Effectiveness Date:15-Apr-2011 Actual Mid-Term Review Date:11-Nov-2013 Revised Closing Date:30-Jun-2018 Project Development Objectives Project Development Objective (from Project Appraisal Document) The Multimodal Transport Project's (MTP) development objectives are: (i) to improve transport connectivity inthedemocracticrepublicof Congo (DRC) so as to support national economic integration, (ii) to restore Société Nationale des CheminsdeFer ducongo (NationalRailway Company of DRC - SNCC) financial and operational viability, and (iii) to implement a sectorwidegovernanceplan and strengthen transport state-owned enterprises (SOEs) operational performances. Has the Project Development Objective been changed since Board Approval of the Project Objective? No PHRPDODEL Components Name Component 1: SNCC recovery plan:(cost $ M) Component 2: Operational performance strengthening and improved governance of the sector:(cost $40.45 M) Component 3: International trade procedures simplification and infrastructure investment:(cost $2.00 M) Component 4: Project management:(cost $18.70 M) Overall Ratings Name Previous Rating Current Rating Progress towards achievement of PDO Unsatisfactory Unsatisfactory Overall Implementation Progress (IP) Moderately Satisfactory Moderately Satisfactory 3/6/2015 Page 1 of 8

2 Overall Risk Rating -- High Implementation Status and Key Decisions Overall implementation of the Project and disbursements of the grant continue to make good progress. 1. Track rehabilitation works (780 kilometers over three years) and of rolling stock rehabilitation (600 wagons) have started and are progressing according to schedule. The 18 new locomotives financed under the Project are expected by Mid These investments may not achieve their expected impact on SNCC operational performance if the company does not solve its challenges in reducing its operating costs and in attracting more customers. As of February 2015, the bulk of World Bank financing to operating costs has expired, and the World Bank is expecting from the Government a revised recovery plan. In the absence of a viable recovery plan, there is a high risk to project performance. 2. Implementation of Component 2 activities remains moderately satisfactory. Voluntary actions from the part of the relevant SOEs and the Government to restructure and build the institutional capabilities of these SOEs must still be taken. Key issues related to this PDO are: (i) the Government and RVF need to find additional financing for the 18 eligible retirees that could not benefit from the first social plan; (ii) the need for the Government to make a decision on the restructuring of SCTP and the implementation of the corresponding PPP strategy. The mission discussed with the Ministers of Transport and of Portfolio the opportunity to reallocate the planned support to SCTP; and (iii) the need for the Government to adopt a strategy for air transport, and to make progress on the Technical Assistance proposed by ICAO and the Belgian Civil Air Authority. 3. Regarding Component 3, the studies and technical assistance under two trust funds financed by the Trade Facilitation Facility have been completed. The Governement has yet to implement the recommandation of the report on trade facilitation. Following a Restructuring of the project in July 2014, the component will now focuses on the reconstruction of the Beach Ngobila ferry passenger terminal in Kinshasa, which works started in October Risks Systematic Operations Risk-rating Tool Risk Category Rating at Approval Previous Rating Current Rating Political and Governance High Macroeconomic Substantial Sector Strategies and Policies Substantial Technical Design of Project or Program Substantial Institutional Capacity for Implementation and Sustainability Substantial Fiduciary Substantial Environment and Social Substantial Stakeholders Substantial Other Overall High 3/6/2015 Page 2 of 8

3 Results Project Development Objective Indicators Direct project beneficiaries (Number, Core) Value Female beneficiaries (Percentage, Core Supplement) Value SNCC: Average transit time of mining exports by rail between the Copperbelt region and the Zambian border (Days, Custom) Value SNCC: Mainline locomotives dispatch reliability (breakdowns per 100,000 km) (Number, Custom) Value SNCC: Total transport volumes in Traffic Units (TU millions) (Number, Custom) 3/6/2015 Page 3 of 8

4 Value SNCC: Staff productivity (TU/staff/year) (Number, Custom) Value Date 31-Dec Dec Nov Dec-2015 SNCC: Cash flow from operations before Interests, Taxes and Amortization (million US$) (Amount(USD), Custom) Value Number of transport SOEs to achieve improvement of operational performance targets (Number, Custom) Value Number of individual transport SOEs to adopt a governance plan (Number, Custom) Value /6/2015 Page 4 of 8

5 Overall Comments Intermediate Results Indicators SNCC: Cumulative length of rehabilitated and upgraded rail track (Kilometers, Custom) Value SNCC: Cumulative number of staff taking retirement (Number, Custom) Value RVA: Cumulative number of ADS-B systems installed (Number, Custom) Value RVA: Average annual number of Air Traffic System (ATS) incidents (airprox) (Number, Custom) Value /6/2015 Page 5 of 8

6 RVA: Average annual number of Air Traffic System (ATS) incidents (comms) (Number, Custom) Value SCTP (ex-onatra): CFMK total transport volumes (Metric ton, Custom) Value Completion of annual procurement and financial audits of SOEs (Yes/No, Custom) Value N N Y Y Average passenger transit time at Beach Ngobila passenger terminal (Hours, Custom) Value Date 31-Dec May Nov Dec /6/2015 Page 6 of 8

7 The National Committee on Transport and Trade Facilitation is in place and effective (Yes/No, Custom) Value N N N Y Date 31-Dec May Nov Dec-2015 Overall Comments Data on Financial Performance Disbursements (by loan) Project Loan/Credit/TF Status Currency Original Revised Cancelled Disbursed Undisbursed Disbursed P IDA-H5950 Effective XDR % P IDA-H8590 Effective XDR % Key Dates (by loan) Project Loan/Credit/TF Status Approval Date Signing Date Effectiveness Date Orig. Closing Date Rev. Closing Date P IDA-H5950 Effective 29-Jun Jul Apr Dec Jun-2018 P IDA-H8590 Effective 11-Jun Jul Oct Jun Jun-2018 Cumulative Disbursements 3/6/2015 Page 7 of 8

8 Restructuring History Level 2 Approved on 15-Jul-2014 Related Project(s) P DRC-Multi-Modal Transp Additional Financing 3/6/2015 Page 8 of 8