MULTITRANCHE FINANCING FACILITY ANNUAL REPORT 2012

Transcription

1 1 MULTITRANCHE FINANCING FACILITY ANNUAL REPORT 2012 SOUTH ASIA DEPARTMENT Table 1: List of Multitranche Financing Facility Approvals, 2012 DMC/ Approval Date Sector Theme Instrument a Type b Amount ($ million) c Tranche Tranche/ Amount ($ million) c Ratio Signing Date Effective -ness Cofinan -cing d Risk Categorization e Tranche Safeguards Categorization f Bangladesh 2006 Railway Sector Program ( No. 0004) - Tranche ) - Tranche ) - Tranche 2 (Loan No.2845) 2012 Power System Expansion & Efficiency Improvement Program ( No. 0073) - Tranche ) 10 Oct 06 TC GRO/ CAD 13 Feb 07 TC GRO/ CAD 13 Feb 07 TC GRO/ CAD 22 Dec 11 TC GRO/ RCI/ ENV 28 Nov 12 EN GRO/ CAD/ ENV 12 Dec 12 EN GRO/ CAD/ ENV (ADF) L Pr % 15 Feb 07 L Pr (ADF) 6.98% 15 Feb Apr Apr 07 - Complex - Complex EC=B, IR=A, IP=C - Complex EC=B, IR=A, IP=C L Pr % 27Aug12 5 Nov 12 - Complex EC=B, IR=A, IP=C Complex L/Gr Pr % Not yet signed (EIB loan) 7.00 (EIB grant) (IDB) Complex EC=B, IR = B, IP=C

2 2 DMC/ Approval Date Sector Theme Instrument a Type b Amount ($ million) c Tranche Tranche/ Amount ($ million) c Ratio Signing Date Effective -ness Cofinan -cing d Risk Categorization e Tranche Safeguards Categorization f India 2005 Rural Roads Sector II Program ( No. 0001) - Tranche ) - Tranche ) - Tranche ) - Tranche ) - Tranche ) 2006 Uttaranchal Power Sector Program ( No. 0003) - Tranche ) - Tranche ) - Tranche ) - Tranche ) 20 Dec 05 TC GRO/ GOV 31 Jul 06 TC GRO/ GOV Complex L Pr f 23.20% 29 Aug Mar 08 TC GRO L Pr g 5.08% 28 Mar Sep 08 TC GRO L Pr % 10 Nov 08 7 Aug 09 TC GRO/ GOV/ CAD 6 Jul 10 TC GRO/ GOV/ CAD 30 Mar 06 EN GRO/ ENV L Pr % 3 Sep 09 L Pr % 2 Aug Oct 06 - Low risk EC=B, IR=B, IP=B 9 Jul 08 - Low risk EC=B, IR=C, IP=B 5 Jan 09 - Low risk EC=B, IR=C, IP=C 26 Nov Oct 10 - Low risk EC=B, IR=C, IP=C - Low risk EC=B, IR=C, IP=C Complex 2 Jan 07 EN GRO L Pr % 22 Feb Dec 08 EN GRO L Pr % 25 Feb 09 8 Jan 09 EN GRO L Pr % 25 Feb Oct 12 EN GRO/ ENV L Pr % Not yet signed 29 Mar Apr Apr 09 - Low risk EC=A, IR=A, IP=B - Low risk EC=B, IR=B, IP=B - Low risk EC=B, IR=C, IP=C - Low risk EC=B, IR=C, IP=C

3 3 DMC/ North Karnataka Urban Sector Program ( No. 0006) - Tranche ) - Tranche ) - Tranche ) Approval Date Sector Theme 6 Dec 06 MS SOD/ CAD GRO 26 Jan 07 MS SOD/ CAD/ GRO 14 Jun 10 MS SOD/ CAD/ GRO 22 Aug 12 WMS ENV/ CAD Instrument a Type b Tranche Date Amount ($ million) c Amount ($ million) c Tranche/ Ratio Signing Effective -ness Cofinan -cing d Risk Categorization Complex L Sec % 23 Jan 08 L Sec % 16 Dec 10 L Pr % Not yet signed 25 Apr 08 1 Mar 11 Tranche Safeguards Categorization f - Low risk EC=B, IR=B, IP=C - Low risk EC=B, IR=B, IP=C - Low risk EC=B, IR=B, IP=C Uttarakhand State Road Program ( No. 0010) - Tranche ) - Tranche ) 18 Dec 06 TC GRO/ GOV 2 Jan 07 TC GRO/ GRO Complex L Pr % 25 Oct Oct 08 TC GRO L Pr % 10 Feb Jan Apr 09 - Complex EC=A, IR=A, IP=B - Low risk EC=B, IR=B, IP=B 2007 Madhya Pradesh Power Sector Program ( No. 0011) - Tranche ) - Tranche ) - Tranche ) 29 Mar 07 EN GRO/ GOV/ CAD/ PSD 4 Apr 07 EN GRO/ GOV/ CAD 4 Apr 07 EN GRO/ GOV/ CAD 21 Aug 07 EN GRO/ GOV Complex L Pr % 12 Apr 07 L Pr % 12 Apr 07 L Pr % 23 Aug May May Sep 07 - Low risk EC=B, IR=B, IP=B - Low risk EC=B, IR=B, IP=B - Low risk EC=B, IR=B, IP=C

4 4 DMC/ - Tranche ) - Tranche ) - Tranche ) Approval Date Sector Theme 21 Aug 07 EN GRO/ PSD/ GOV 13 Apr 09 EN GRO/ ENV/ GOV/ 21 Dec 10 EN GRO/ PSD Tranche Instrument Type b Amount ($ million) c Amount ($ million) c Tranche/ Ratio Signing L Pr % 7 Mar 08 L Pr % 27 May 09 L Pr % 10 May 11 Date Effective -ness 11 Jun 08 7 Sep Jun 11 Cofinan -cing d Risk Categorization e Tranche Safeguards Categorization f - Low risk EC=B, IR=C, IP=C - Low risk EC=B, IR=C, IP=C - Low risk EC=B, IR=B, IP=C Jammu and Kashmir Urban Sector Development Program ( No. 0012) - Tranche ) - Tranche ) Rajasthan Urban Sector Development Program ( No. 0015) - Tranche ) - Tranche ) - Tranche ) 31 May 07 WMS GRO/ GOV/ CAD 4 Jun 07 WMS GRO/ GOV/ CAD 26 Oct 12 WMS GRO/ CAD/ ENV 31 Oct 07 MS ENV/ SOD/ GRO 8 Nov 07 WMS ENV/ SOD/ GRO 19 Jan 09 WMS SOD/ GRO/ ENV 13 Dec 10 WMS GRO/ SOD/ ENV Complex L Pr % 28 Dec 07 L Pr % Not yet signed 25 Mar 08 - Complex EC=B, IR=A, IP=C - Complex EC=B, IR=A, IP=C Complex L Pr % 17 Jan 08 L Sec % 18 Feb 09 L Sec % 17 Mar Feb Apr Jun 11 - Low risk EC=B, IR=B, IP=B - Low risk EC=B, IR=B, IP=B - Low risk EC=B, IR=B, IP=C

5 5 DMC/ India Infrastructure Project Financing Facility i ( No. 0017) - Tranche ) - Tranche ) 2008 Uttarakhand Urban Sector Development Program ( No. 0018) - Tranche ) - Tranche ) Approval Date Sector Theme 14 Dec 07 MS GRO/ PSD/ CAD 20 Dec 07 MS GRO/ PSD/ CAD 24 Feb 09 MS GRO/ PSD/ CAD 24 Jan 08 MS GRO/ ENV/ CAD 1 Feb 08 WMS GRO/ ENV 3 Nov 11 WMS ENV/ GOV/ CAD Instrument a Type b Tranche Date Amount ($ million) c Amount ($ million) c Tranche/ Ratio Signing Effective -ness Cofinan -cing d Risk Categorization Complex L Pr % 3 Mar 08 L Pr % 26 Feb Apr Mar 09 Tranche Safeguards Categorization f - Complex EC=FI, IR=B. IP=A - Low risk EC=FI, IR=B, IP=B Complex L Pr % 23 Oct 08 L Pr % Not yet signed 17 Dec 08 - Low risk EC=B, IR=B, IP=C - Low risk EC=B, IR=B, IP=C National Power Grid Development Program ( No. 0019) - Tranche ) - Tranche ) - Tranche ) 28 Mar 08 EN GRO/ PSD 28 Mar 08 EN GRO/ PSD 3 Mar 09 EN GRO/ ENV Complex L Pr % 28 Mar 08 L Pr g 20.66% 27 Mar 09 7 Dec 11 EN GRO L Pr % 30 Mar Jun May 09 7 May 12 - Low risk EC=B, IR=B, IP=B - Low risk EC=B, IR=B, IP=B - Low risk EC=B, IR=B, IP=C

6 6 DMC/ Orissa Integrated Irrigated Agriculture and Water Management Program ( No. 0022) - Tranche ) - OFID 8240) Himachal Pradesh Clean Energy Development Program ( No. 0023) - Tranche ) - Tranche ) - Tranche ) - Tranche ) 2009 North Eastern Region Capital Cities Development Program ( No. 0030) - Tranche ) Approval Date Sector Theme 18 Sep 08 ANR GRO/ GOV/ CAD 26 Sep 08 ANR GRO/ GOV/ CAD Instrument a Type b Tranche Date Amount ($ million) c Amount ($ million) c Tranche/ Ratio Signing Effective -ness Cofinan -cing d h (OFID) L Pr h 10.47% 25 Feb 09 8 Oct Mar Oct 08 EN GRO/ ENV/ CAD 27 Oct 08 EN GRO/ ENV/ CAD 8 Dec 09 EN GRO/ ENV 22 Oct 10 EN GRO/ ENV 2 Oct 12 EN GRO/ ENV 1 Jun 09 WMS ENV/ GOV/ CAD 1 Jul 09 WMS ENV/ GOV/ CAD 4 Jun May (OFID) Risk Categorization e Complex Complex Complex L Pr % 10 Nov 08 L Pr % 12 Mar 10 L Pr % 17 Jan 11 L Pr % 19 Nov Dec May Mar 11 Not yet effective Tranche Safeguards Categorization f EC=B, IR=B, IP=B - Complex EC=A, IR=A, IP=B - Complex EC=A, IR=A, IP=B - Complex EC=A, IR=A, IP=C - Complex EC=A, IR=A, IP=C Low risk L Pr % 4 Aug Nov 09 - Low risk EC=B, IR=B, IP=C

7 7 DMC/ - Tranche ) Second Infrastructure Project Financing Facility ( No. 0037) - Tranche ) j - Tranche ) k - Tranche ) Approval Date Sector Theme 16 Dec 11 WMS ENV/ GOV/ CAD 17 Nov 09 MS PSD/ GRO/ CAD 27 Nov 09 MS PSD/ GRO/ CAD 7 Dec 10 MS PSD/ GRO/ CAD 1 Dec 11 MS PSD/ GRO/ CAD Tranche Instrument Type b Amount ($ million) c Amount ($ million) c Tranche/ Ratio Signing L Pr % 19 Nov 2012 Date Effective -ness Not yet effective Cofinan -cing d Risk Categorization e Tranche Safeguards Categorization f - Low risk EC=B, IR=B, IP=B Complex L Pr % 22 Dec 09 L Pr % 17 Mar 11 L Pr % 21 Mar Mar 10 - Complex EC=FI, IR=B, IP=B 8 Apr 11 - Complex EC=FI, IR=FI, IP-FI 24 Apr 12 - Complex EC=FI, IR=FI, IP-FI Assam Power Sector Enhancement Program ( No. 0038) - Tranche ) - Tranche ) - Tranche ) 18 Nov 09 EN GRO/ PSD/ CAD 27 Nov 09 EN GRO/ PSD/ CAD 5 Oct 10 EN CAD/ GRO/ Low risk L Pr % 10 Feb 10 L Pr % 17 Jan 11 ENV/ 4 Nov 11 EN GRO L Pr % 27 Feb 12 5 May 10 - Low risk EC=B, IR=B, IP=A 1 Apr 11 - Low risk EC=B, IR=B, IP=C 16 Apr 12 - Low risk EC=B, IR=B, IP=C 2010 National Capital Region Urban Infrastructure Financing Facility ( No. 0044) - Tranche ) 10 Aug 10 MS ENV/ GRO/ CAD 18 Aug 10 MS ENV/ GRO/ CAD Complex L FI-Pr % 17 Mar Jun 11 - Complex EC=FI, IR=B, IP=C

8 8 DMC/ Agribusiness Infrastructure Development Program ( No. 0045) - Tranche ) - Tranche 2 (Loan No.2837) Approval Date Sector Theme 16 Sep 10 ANR GRO/ PSD 24 Sep 10 ANR GRO/ PSD 19 Dec 11 ANR GRO/ PSD Instrument a Type b Tranche Date Amount ($ million) c Amount ($ million) c Tranche/ Ratio Signing Effective -ness Cofinan -cing d Risk Categorization Complex L Pr % 9 Jul 12 L Pr % 18 Jan Aug 12 9 Apr 12 Tranche Safeguards Categorization f - Complex EC=B, IR=C, IP=C - Low risk EC=B, IR=C, IP=C Infrastructure Development Program for Tourism ( No. 0046) - Tranche ) - Tranche ) 28 Sep 10 WMS GRO/ CAD/ ENV 4 Oct 10 WMS GRO/ CAD/ ENV Complex L Pr % 20 Jul Oct Dec 11 WMS GRO L Pr % 2 Apr Jun 12 - Complex EC=B. IR=C, IP=C - Low risk EC=B, IR=C, IP=C Sustainable Coastal Protection and Management Program ( No. 0049) - Tranche ) 29 Sep 10 ANR GRO/ CAD/ ENV 6 Oct 10 ANR GRO/ CAD/ ENV Complex L Pr % 17 Aug Nov 11 - Complex EC=A, IR=C, IP=C

9 9 DMC/ Assam Integrated Flood and River Erosion Risk Management Program ( No. 0050) - Tranche ) 2011 Madhya Pradesh Energy Efficiency Project ( No. 0057) - Tranche ) - Tranche ) North Eastern State Road Program ( No. 0058) - Tranche ) Approval Date Sector Theme 19 Oct 10 ANR GRO/ CAD/ ENV/ SOD 25 Oct 10 ANR GRO/ CAD/ ENV/ SOD 7 Jul 11 EN GRO/ ENV 15 Jul 11 EN GRO/ ENV 14 Dec 11 EN GRO/ ENV 21 Jul 11 TC GRO/ CAD 22 Aug 11 TC GRO/ CAD Instrument a Type b Tranche Date Amount ($ million) c Amount ($ million) c Tranche/ Ratio Signing Effective -ness Cofinan -cing d Risk Categorization Complex L Pr % 10 May 11 4 Aug 11 Tranche Safeguards Categorization f - Complex EC=A, IR=A, IP=B Complex L Pr % 17 Aug 11 L Pr % 27 Feb Oct 11 9 May 12 - Low risk EC=B, IR=B, IP=C - Low risk EC=B, IR=B, IP=C Low risk L Pr % 9 Jul Oct 12 - Complex EC=B, IR=A, IP=B Railway Sector 31 Aug 11 TC GRO/ Complex Program ENV/ GOV/ ( No. 0060) CAD - Tranche ) 18 Oct 11 TC GRO L Pr % 9 Jul Oct 12 - Complex EC=B, IR=A, IP=B

10 10 DMC/ Himachal Pradesh Clean Energy Transmission ( No. 0062) - Tranche ) Assam Urban Infrastructure Project ( No. 0064) - Tranche ) 2012 Rural Connectivity Program ( No. 0069) - Tranche ) Bihar Urban Infrastructure Development Program ( No. 0067) - Tranche ) Approval Date Sector Theme 30 Sep 11 EN GRO/ ENV/ CAD 18 Oct 11 EN GRO/ ENV/ CAD 30 Sep 11 WMS ENV/ SOD/ CAD 18 Nov 11 WMS ENV/ SOD/ CAD 12 Jul 12 TC GRO/ CAD/ ENV 22 Aug 12 TC GRO/ CAD/ ENV/ PSD 29 Mar 12 WMS ENV/ GOV/ CAD 13 Apr 12 WMS SOC/ CAD/ PSD Instrument a Type b Tranche Date Amount ($ million) c Amount ($ million) c Tranche/ Ratio Signing Effective -ness Cofinan -cing d Risk Categorization Complex L Pr % 15 Dec Jan 12 Tranche Safeguards Categorization f - Low risk EC=B, IR=B, IP=C Complex L Pr % 9 Mar Apr 12 - Complex EC=B, IR=B, IP=C Complex L Pr % Not yet signed - Complex EC=B, IR=C, IP=C Complex L Pr % Not yet signed - Complex EC=B, IR=B, IP=C

11 11 DMC/ Sri Lanka Approval Date Sector Theme Instrument a Type b Amount ($ million) c Tranche Tranche/ Amount ($ million) c Ratio Signing Date Effective -ness Cofinan -cing d Risk Categorization e Tranche Safeguards Categorization f 2012 Greater Colombo Water and Wastewater Management Improvement Program ( No. 0072) - Tranche ) - Tranche ) 25 Oct 12 WMS ENV/ CAD/ GOV/ SOC 22 Nov 12 WMS ENV/ CAD/ GOV/ SOC 22 Nov 12 WMS ENV/ CAD/ GOV/ (OCR) (ADF Loan) L Pr (OCR) L Pr (ADF Loan) 24.48% % Not yet signed % Not yet signed - Complex - Low risk EC=B, IR=B, IP=C - Low risk EC=B, IR=B, IP=C SOC ANR=agriculture and natural resources, CAD=capacity development, EC=environment category, EDU=education, EN=energy, ENV=environmental sustainability, FI=finance, GEN=gender equity, GOV=governance, GRO=economic growth, HS=health and social protection, IN=industry and trade, IP=indigenous people, IR=involuntary resettlement, MS=multi-sector, PSD=private sector development, PSM=public sector management, RCI=regional cooperation and integration, SOD=social development, TC=transport and ICT, WMS=water supply and other municipal infrastructure and services. Note: The source of funds is ordinary capital resources, unless otherwise indicated a Indicate if L=loans, Gr=grants or Gu=guarantees b Indicate if Pr=project, Sec=sector, or FI=financial intermediation c Indicate amount approved and/or any cancellation d Information on cofinancing administered. e In accordance to para. 6 of OM D11 (complex or low risk). f Applies to tranches only. f Tranche amount after closing. g Tranche amount after cancellation. h Major change in implementation approved on 13 Feb 2009 for administration of $30 million OPEC Fund for International Development (OFID) cofinancing made available to Tranche 1, and cancellation of $30.7 million OCR from and Tranche 1 (from original amount of $ million and Tranche 1 amount of $47.2 million for OCR). I Closed on 13 November 2012 j Closed on 14 September k Closed on 23 October Source: Asian Development Bank staff.

12 12 Table 2: Approved Multitranche Financing Facility Performance, 2012 DMC/ Availability Period (years) a Age Time Relative Elapsed Age (years) b (%) c Approved Tranches Tranche Processing d RRP Projected Tranches e Expected Tranches Delays f (T, P, R) Tranche Performance g (T, P, R) Compliance with Undertakings (S, PS, U) Overall Performance Rating (T, P, R) h Suspended or Cancelled Bangladesh 2006 Railway Sector R T S T No Program ( No. 0004) - Tranche 1 (Loan 13 Feb No. 2316) - Tranche 1 (Loan 13 Feb No. 2317) - Tranche 2 (Loan 22 Dec No.2845) - Tranche Tranche Power System Expansion and Efficiency Improvement Program ( No. 0073) 6 Not applicable (Facility approved on 28 November 2012) - Tranche 1 (Loan 12 Dec No. 2966) - Tranche Tranche India 2005 Rural Roads Sector II Program ( No. 0001) - Tranche 1 (Loan No. 2248) T T S T No 31 Jul

13 13 DMC/ - Tranche 2 (Loan No. 2414) - Tranche 3 (Loan No. 2445) - Tranche 4 (Loan No. 2535) - Tranche 5 (Loan No. 2651) Availability Period (years) a Age Time Relative Elapsed Age (years) b (%) c Tranche Processing d Approved Tranches RRP Projected Tranches e Expected Tranches 17 Mar Sep Aug Jul Delays f (T, P, R) Tranche Performance g (T, P, R) Compliance with Undertakings (S, PS, U) Overall Performance Rating (T, P, R) h Suspended or Cancelled 2006 Uttaranchal Power Sector Program ( No. 0003) - Tranche 1 (Loan No. 2309) - Tranche 2 (Loan No. 2498) - Tranche 3 (Loan No. 2502) - Tranche 4 (Loan No. 2924) 10 i 7 68 T T S P No 2 Jan Dec Jan Oct North Karnataka T T S T No Urban Sector Program ( No. 0006) - Tranche 1 (Loan 26 Jan No. 2312) - Tranche 2 (Loan 14 Jun No. 2638) - Tranche 3 (Loan 22 Aug Jun 2012 No. 2882) - Tranche Jun 2013 Uttarakhand State Road Program ( No. 0010) - Tranche 1 (Loan No. 2308) R T S T No 2 Jan

14 14 Age Tranche Processing d DMC/ Availability Period (years) a Time Elapsed (years) b Relative Age (%) c Approved Tranches RRP Projected Tranches e Expected Tranches - Tranche 2 (Loan 22 Oct No. 2458) - Tranche Delays f (T, P, R) Tranche Performance g (T, P, R) Compliance with Undertakings (S, PS, U) Overall Performance Rating (T, P, R) h Suspended or Cancelled 2007 Madhya Pradesh Power Sector Program ( No. 0011) - Tranche 1 (Loan No. 2323) - Tranche 2 (Loan No. 2324) - Tranche 3 (Loan No. 2346) - Tranche 4 (Loan No. 2347) - Tranche 5 (Loan No. 2520) - Tranche 6 (Loan No. 2732) T T S P No 4 Apr Apr Aug Aug Apr Dec Jammu and P T PS P No Kashmir Urban Sector Development Program ( No. 0012) - Tranche 1 (Loan 4 Jun No. 2331) - Tranche 2 (Loan 26 Oct No. 2925) - Tranche Rajasthan Urban T T S T No Sector Development Program ( No. 0015) - Tranche 1 (Loan No. 2366) 8 Nov

15 15 DMC/ - Tranche 2 (Loan No. 2506) - Tranche 3 (Loan No. 2725) India Infrastructure Project Financing Facility ( No. 0017) - Tranche 1 (Loan No. 2404) - Tranche 2 (Loan No. 2509) Availability Period (years) a Age Time Relative Elapsed Age (years) b (%) c Tranche Processing d Approved Tranches RRP Projected Tranches e Expected Tranches 19 Jan Dec Delays f (T, P, R) Tranche Performance g (T, P, R) Compliance with Undertakings (S, PS, U) Overall Performance Rating (T, P, R) h Suspended or Cancelled T T S T No 20 Dec Dec Dec Feb 09 1 Nov Feb Uttarakhand P T S T No Urban Sector Development Program ( No. 0018) - Tranche 1 (Loan 1 Feb No. 2410) - Tranche 2 (Loan 3 Nov No. 2797) - Tranche Tranche TBD National Power Grid Development Program ( No. 0019) - Tranche 1 (Loan No. 2415) - Tranche 2 (Loan No. 2510) - Tranche 3 (Loan No. 2823) T T S T No 28 Mar Mar Dec

16 16 Age Tranche Processing d Compliance Availability Time Relative RRP Tranche with Overall Performance Suspended Period Elapsed Age Approved Projected Expected Delays f Performance g Undertakings Rating or DMC/ (years) a (years) b (%) c Tranches Tranches e Tranches (T, P, R) (T, P, R) (S, PS, U) (T, P, R) h Cancelled Orissa Integrated P P S P No Irrigated Agriculture and Water Management Program ( No. 0022) - Tranche 1 (Loan 26 Sep No. 2444) - Tranche Tranche Himachal T T S T No Pradesh Clean Energy Development Program ( No. 0023) - Tranche 1 (Loan 27 Oct No. 2461) - Tranche 2 (Loan 8 Dec No. 2596) - Tranche 3 (Loan 22 Oct No. 2687) - Tranche 4 (Loan 2 Oct No. 2914) - Tranche 5 TBD TBD 2009 North Eastern T P S T No Region Capital Cities Development Program ( No.0030) - Tranche 1 (Loan 1 Jul No. 2528) - Tranche 2 (Loan 16 Dec Dec 11 No. 2834) - Tranche

17 17 DMC/ Second Infrastructure Project Financing Facility ( No. 0037) - Tranche 1 (Loan No. 2586) - Tranche 2 (Loan No. 2717) - Tranche 3 (Loan No. 2822) Assam Power Sector Enhancement Program ( No. 0038) - Tranche 1 (Loan No. 2592) - Tranche 2 (Loan No. 2677) - Tranche 3 (Loan No. 2800) Age Tranche Processing d Compliance Availability Time Relative RRP Tranche with Overall Performance Suspended Period (years) a Elapsed (years) b Age (%) c Approved Tranches Projected Tranches e Expected Tranches Delays f (T, P, R) Performance g (T, P, R) Undertakings (S, PS, U) Rating (T, P, R) h or Cancelled T T S T No 27 Nov Nov Nov 09 7 Dec 10 7 Dec 10 7 Dec 10 1 Dec Mar Mar T T S T No 27 Nov Oct Nov National Capital T P S T No Region Urban Infrastructure Financing Facility ( No. 0044) - Tranche 1 (Loan 18 Aug 10 Jun 2010 Jun 2010 No. 2660) - Tranche Agribusiness Infrastructure Development Program ( No. 0045) - Tranche 1 (Loan No. 2669) P P S P No 24 Sep

18 18 Availability Period (years) a Age Time Relative Elapsed Age (years) b (%) c Tranche Processing d Approved Tranches RRP Projected Tranches e Expected Tranches 19 Dec DMC/ - Tranche 2 (Loan No.2837) - Tranche Tranche Delays f (T, P, R) Tranche Performance g (T, P, R) Compliance with Undertakings (S, PS, U) Overall Performance Rating (T, P, R) h Suspended or Cancelled Infrastructure T T S T No Development Program for Tourism ( No. 0046) - Tranche 1 (Loan 4 Oct No. 2676) - Tranche 2 (Loan 15 Dec No. 2833) - Tranche Sustainable P T S P No Coastal Protection and Management Program ( No. 0049) - Tranche 1 (Loan 6 Oct No. 2679) - Tranche Tranche Tranche TBD Assam Integrated T P S T No Flood and River Erosion Risk Management Program ( No. 0050) - Tranche 1 (Loan 25 Oct No. 2684) - Tranche

19 19 DMC/ 2011 Madhya Pradesh Energy Efficiency Project ( No. 0057) - Tranche 1 (Loan No. 2764) - Tranche 2 (Loan No. 2830) Availability Period (years) a Age Time Relative Elapsed Age (years) b (%) c Approved Tranches Tranche Processing d RRP Projected Tranches e Expected Tranches Delays f (T, P, R) Tranche Performance g (T, P, R) Compliance with Undertakings (S, PS, U) Overall Performance Rating (T, P, R) h Suspended or Cancelled T T S T No 15 Jul Dec North Eastern P T T T No State Road Program ( No. 0058) - Tranche 1 (Loan 22 Aug No. 2770) - Tranche Railway Sector T T S T No Program ( No. 0060) - Tranche 1 (Loan 18 Oct No. 2793) - Tranche Tranche Tranche Himachal T T S T No Pradesh Clean Energy Transmission ( No. 0062) - Tranche 1 (Loan 18 Oct No. 2794) - Tranche Tranche Assam Urban T R S T No Infrastructure Project ( No. 0064) - Tranche 1 (Loan 18 Nov No. 2806) - Tranche

20 20 Availability Period (years) a Age Time Relative Elapsed Age (years) b (%) c Approved Tranches Tranche Processing d RRP Projected Tranches e Expected Tranches DMC/ 2012 Rural Connectivity Program ( No. 0069) - Tranche 1 (Loan 22 Aug No. 2881) - Tranche Tranche Tranche Bihar Urban Infrastructure Development Program ( No. 0067) - Tranche 1 (Loan Delays f (T, P, R) Tranche Performance g (T, P, R) T Not yet effective T Not yet effective 13 Apr No. 2861) - Tranche Tranche Tranche Compliance with Undertakings (S, PS, U) Overall Performance Rating (T, P, R) h Suspended or Cancelled S T No S T No Sri Lanka 2012 Greater Colombo Water and Wastewater Management Improvement Program ( No. 0072) - Tranche 1 (Loan No. 2947) - Tranche 1 (Loan T Not yet effective 22 Nov Nov No. 2948) - Tranche Tranche Tranche DMC = developing member country, P = potential problem, PS = partly satisfactory, R = at risk, S = satisfactory, T = on track, U = unsatisfactory S T No

21 21 Note: The source of funds is ordinary capital resources, unless otherwise indicated. a approval date to completion date (in years) b Time elapsed = 31 Dec approval date (in years) c relative age = Time elapsed / availability period (%) d Indicate approval, projected and expected dates. e Based on eoperations data. RRP of some projects does not contain a tranche program which is required in this report. eoperations and webpage have a program with an expected year of approval, but this was inputted retroactively post project approval, i.e. when eoperations was launched in f Contributors to Delays are (i) substantial delays in tranche processing and/or (ii) substantial delays in tranche implementation. Timeliness in Tranche processing will be evaluated against the tranche sequencing program forecasted in the RRP. Tranches processed (i) within one year of the forecasted period will be given an on track (T) rating; (ii) between 1 and 2 years of the forecasted date will be given a Potential problem (P) rating and (iii) beyond 2 years of the forecasted date will be given an at risk (R) rating. For s where a time-bound tranche sequencing program was not forecasted in the RRP, only, delays will be determined on the following grounds: (i) if less than 2 years have passed since approval of the previous tranche (up to the stage where the entire has been turned into tranches), a T rating is granted, (ii) if more than 2 years but less than 3 years have elapsed, a P rating is given; and (iii) if more than 3 years have elapsed, a R rating applies. Delays in tranche implementation leading to forecasted extensions on Availability Period, which require Board approval, would trigger a R rating. f Extract tranche information from Tranche Overall Rating in Table A{x}.5. Poor performance ( at risk ) on 33% or more of the tranches (by number) would place the at risk (R). Potential problem rating on 33% or more of the tranches (by number) would categorize the as potential problem (P), unless a red rating is triggered. Other ratings will result on track (T). g Status of compliance with undertakings: provide explanatory text if gaps are identified and actions taken to achieve compliance). The assessment should include compliance with Safeguards and PCP requirements, as well as any timely Reform implementation targets. Non-compliance with more than 3 undertaking will place the facility in U (unsatisfactory). Non-compliance with any safeguards, PCP and/or reform implementation undertakings will place the in U (unsatisfactory). Noncompliance with 2 undertakings (other than those outlined in the preceding sentence), will place the facility as partly satisfactory. Compliance with all undertakings with a maximum of one exception (other than those outlined before), will signify a satisfactory criteria. h The facility will be rated on the basis of 3 separate parameters: (i) delays, (ii) tranche performance and (iii) compliance with undertakings. Poor performance (red - "R" rating) on account of the 3 indicators will place the facility at risk and may lead to its suspension and possible cancellation; poor performance (red rating) on account of 2 parameters will indicate potential problems ("P")and would require RDs to draw an action plan to rectify the facility s performance. I validity period extended from 7 to 10 years on 10 August Source: Asian Development Bank staff.

22 22 Table 3: Status of Multitranche Financing Facility Approvals Progress, 2012 DMC/ Bangladesh / a Progress b c Risks Plans in Place e DMF to Road Map Material Changes To Invest. Program/Plan f Changes in Structure/ Scope (M, m) 2006 Railway Sector Program ( No. 0004) Improve the performance of the railways sector through enhanced efficiency BR becomes a commercially focused rail service provider BR corporate governance is improved Assessment of outcome requires post implementation surveys, which will be undertaken upon full completion The actions as agreed upon in the reform program for Bangladesh Railway are now under implementation N Delay in Government s achievement of reform milestones Close follow-up being done N N N m extension of availability period approved on 11 Aug 11; last date of submission of PFR moved from 1 Dec 2011 to 10 Oct 2015 and last disbursement date is 10 Oct Power System Expansion & Efficiency Improvement Program ( No. 0073) BR safety record is Improved Increased access to clean and reliable supply of electricity in Bangladesh Output Improved efficiency in electricity generation, transmission and generation Increased renewable energy use Not yet signed (Facility approved on 28 Nov 2012) N N N m

23 23 DMC/ / a Progress b c Risks Plans in Place e DMF to Road Map Material Changes To Invest. Program/Plan f Changes in Structure/ Scope (M, m) Enhanced capacity of power sector agencies and farmer organizations India Project management system in place 2005 Rural Roads Sector II Program ( No. 0001) Improved connectivity of rural community to markets, district headquarters, and other centers of economic activity via Program Roads Assessment of outcome requires post implementation surveys, which will be undertaken upon full completion Y None Close follow-up being done N N N None Construction and upgrading of rural roads into all-weather standard Physical progress is on track 2006 Uttaranchal Power Sector Program ( No. 0003) Improved community participation s Clean Energy Development Expansion of the electric power service area and improvements in the reliability and quality of supply; and promotion of energy efficiency by Construction activities of all 5 SHPs are ongoing. Action plan was prepared to accelerate progress of project implementation. N Delays in power sector reforms Tariffs set below costrecovery levels Generating capacity, Continuous close coordination with the Government, EA and IA N N The components for the Hydrological Information System (HIS) were dropped from the scope and Sobla-ISHPP m

24 24 DMC/ / a Progress b c Both UED and UJVNL are committed to accelerate progress and will be closely monitoring project implementation. renovating, modernizing, and upgrading existing hydropower plants Transmission Expansion New associated hydropower plants connected to the state s grid and the northern region grid within 6 months of commissioning Capacity Building Sector sustainability resulting from continued reforms and improvements in operational efficiency Clean Energy Development New small hydropower plants. Energy efficiency improvements by renovating, modernizing, and upgrading existing hydropower plants Development of hydrometeorological monitoring network The Amendment to the Loan Agreement extended project closing date up to 30 June 2014 and added an additional scope for Sobla-I SHP. PMO HRD and Training Specialist are in place; awaiting submission of Training Master Plan to conduct training for PMO, UJVNL, & PTCUL staffs. Risks including associated facilities not financed by ADB, not commissioned in a timely manner Delays in transmission construction Regulatory approval for rights-of-way in forest areas is not obtained in a timely manner Increase in prices of raw materials and fuel for construction operations exceeds contingency and inflation forecasts Plans in Place e DMF to Road Map Material Changes To Invest. Program/Plan f was included. Similarly, a transmission project (Lohari Nagpala - Koteshowr 400 kv DC) originally under Tranche 2 has been cancelled after the government request. Instead, other 4 transmission subprojects have been included under Tranche 2 financing. Changes in Structure/ Scope (M, m) Transmission Expansion Construction of eight high voltage

25 25 DMC/ / a Progress b c transmission lines and associated substations Risks Plans in Place e DMF to Road Map Material Changes To Invest. Program/Plan f Changes in Structure/ Scope (M, m) Capacity Building Training of the Uttaranchal Energy Department and implementing agencies staff for project management and implementation; development of human resource management program; upgrading of information technology systems North Karnataka Urban Sector Program ( No. 0006) Design of state-level power trading company s Improved basic urban services for at least the 4.3 million people living in the initially identified 25 Program ULBs Not yet measurable at this time Y There may be insufficient funds to cover the entire scope set forth at approval Careful subproject prioritization and scrutiny of bid prices N N N None Improved and sustainable infrastructure services within Program ULBs that will in turn benefit the agriculture, industry and tourism sectors Not yet measurable at this time Performance-based First contract

26 26 DMC/ / a Progress b c deferred payment structure (PBDPS) and/or performancebased management contract (PBMC) modalities implemented and interest generated in other Indian states being awarded Risks Plans in Place e DMF to Road Map Material Changes To Invest. Program/Plan f Changes in Structure/ Scope (M, m) Implemented investment program for sanitation Implemented investment program for water supply Implemented investment program for slum improvement in Program ULB slums Implemented investment program for non-municipal infrastructure Implemented investment program for urban transport Physical works in progress; 262km new sewers built; 8.05km new drains built First schemes being commissioned; physical works in progress; 536km new pipes network built; 46km existing pipes rehabilitated Physical works in progress; 2,509 HH served w/ water; 5,323 HH served with sewer Physical works in progress Not yet started

27 27 DMC/ / a Progress b c improvement Risks Plans in Place e DMF to Road Map Material Changes To Invest. Program/Plan f Changes in Structure/ Scope (M, m) Uttarakhand State Road Program ( No. 0010) Improved institutional Capacity s Increased efficiency of inter- and intrastate transport services Enhanced sustainability of road network in good condition Implementation of property tax reforms in ULBs; application of the Fund-Based Accounting System; introduction of volumetric water and sewerage tariffs and introduction of PPP contract Assessment of outcome requires post implementation surveys, which will be undertaken upon full completion N Aside from risks specified in the RRP, no other risks have been identified Close monitoring being done N N N None Increased operational transparency and governance of PWD National road development programs synergized Paved, repaired, or rehabilitated state roads Physical progress is on track Staff with improved skills and revised operating procedures

28 28 DMC/ 2007 Madhya Pradesh Power Sector Program ( No. 0011) / a Progress b c Sustainable and commercially operated power sector companies. Transmission expansion Improvement in operational efficiency, voltage profile, and power delivery capacity of Madhya Pradesh Progress substantially on track Risks Plans in Place e DMF to Road Map Material Changes To Invest. Program/Plan f Changes in Structure/ Scope (M, m) Y None None N N N None Distribution enhancement Reduction in system losses and improved supply quality and reliability Capacity sector institutions strengthened Improved energy efficiency Increased private sector participation Transmission expansion Construction of transmission lines for power evacuation and strengthening of transmission systems

29 29 DMC/ / a Progress b c Distribution enhancement in east distribution zone Installation of remote metering and highvoltage distribution systems; renovation of substation protection system and customer service lines; implementation of SCADA Risks Plans in Place e DMF to Road Map Material Changes To Invest. Program/Plan f Changes in Structure/ Scope (M, m) Distribution enhancement in central distribution zone Installation of highvoltage distribution system and remote metering for industrial consumers, and consumer metering; renovation of substation protection system and, distribution system strengthening; and distribution transformer metering Distribution enhancement in west distribution zone Installation of highvoltage distribution system, substation protection system, SCADA, Jyoti Gram Yojna, distribution system strengthening, distribution

30 30 DMC/ / a Progress b c transformer metering, and capacitor banks Risks Plans in Place e DMF to Road Map Material Changes To Invest. Program/Plan f Changes in Structure/ Scope (M, m) Nonphysical investments Development of MIS for power trade function. Establishment of Energy Conservation Fund Facilitation of private sector participation in distribution through piloting strategic partnership modality and expanding franchising scheme Jammu and Kashmir Urban Sector Development Program ( No. 0012) Financial sustainability of power sector s Improved living environment and employment opportunities for the 2.4 million people living in Srinagar, Jammu and other participating towns with tourism potential Tranche 1 About 1 million people of Srinagar benefitted from improved solid waste management facilities. The expected physical progress up to 31 December 2012 is 60%. Tranche 2 Out of 12 civil works contract packages, bids have been invited Y State s commitment to reform and remoteness of locations (R, P) Extensive awareness, capacity building programs and exposure visits Use of local resources and staff consultants for monitoring Regular engagement with the executing agency and the government for N N N None

31 31 DMC/ / a Progress b c for 10 packages. Improved capacities of participating institutions in managing sector reforms and service delivery About 200 staff of line agencies has been trained on service delivery of water supply system. Risks Plans in Place e timely implementation of reforms DMF to Road Map Material Changes To Invest. Program/Plan f Changes in Structure/ Scope (M, m) Urban Infrastructure Improvement Implemented investment program for water supply Implemented investment program for underground sewerage system and supply of sanitation maintenance equipment Implemented investment program for municipal solid waste processing and treatment with development of sanitary landfill sites Implemented investment program for road and junction capacity augmentation and road safety improvements Implemented investment program for other 4.5 km raw water pipeline laid 86 km of sewer laid Sanitary landfill site of capacity 250 MT per day has been commissioned The works related to road improvement activities are included in Tranche 2. Two road improvement contracts are under bid evaluation stage.

32 32 DMC/ / a Progress b c municipal/urban infrastructure Risks Plans in Place e DMF to Road Map Material Changes To Invest. Program/Plan f Changes in Structure/ Scope (M, m) Capacity Building and Institutional Development Semi-autonomous entities responsible for water supply, sewerage and drainage operations for Srinagar and Jammu cities established E-governance system established E-governance system established Improved financial performance inclusive of tariff revisions for municipal corporation services Improved accounting and Improved financial management systems, procedures and practices (including double entry system) Knowledge Management and About 200 staff of line agencies has been trained on service delivery of water supply system. Consultant selection is ongoing to support the ERA to carry out institutional audit and prepare reform implementation plan. Water tariff has been doubled in Consultant selection is ongoing to support the ERA to carry out institutional audit and prepare reform implementation plan. About 200 staff of line agencies

33 33 DMC/ Rajasthan Urban Sector Development Program ( No. 0015) / a Progress b c Capacity Building have been trained on service delivery of water supply system s Not yet due Y Increased access to sustainable urban infrastructure and services for 1.6 million people in the Program ULBs by the end of the Program (2014) Improved capacity of, and sustainable management of urban services by, the Program ULBs by the end of the Program (2014) Implemented investment program for water supply Implemented investment program for wastewater management 1,172km of water supply pipes laid 254km of sewage pipelines laid Risks Effectiveness of the infrastructure to be developed depends on the level of ownership and commitment shown by the state and the Program ULBs. (R,P) State and the ULBs must be committed to institutional change and financial reforms, particularly cost recovery and the longterm sustainability of the assets and services. (R,P) Plans in Place e Extensive awareness, capacitybuilding programs Regular engagement with the executing agency and the government for timely implementation of reforms DMF to Road Map Material Changes To Invest. Program/Plan f Changes in Structure/ Scope (M, m) N N N N Implemented investment program for solid waste management Implemented 2 landfill site under construction 14km of drains

34 34 DMC/ / a Progress b c investment program for urban drainage constructed Risks Plans in Place e DMF to Road Map Material Changes To Invest. Program/Plan f Changes in Structure/ Scope (M, m) Implemented investment Program for urban roads and transport 1 rail over bridge completed Implemented investment program for social infrastructure Firefighting equipment delivered Implemented investment program for support infrastructure for cultural heritage 2 heritages sites improved Implemented investment program for capacity development Seminars and workshops held India Infrastructure Project Financing Facility ( No. 0017) Program implemented and well managed s Increased private sector participation in infrastructure development through PPPs In progress As an appropriate measure, IIPFF has achieved this outcome by catalyzing investments of around $5.5 billion (based on the total project costs estimated at Rs306 billion) from the private sector for financing 30 subprojects Y None Not applicable N N N None

35 35 DMC/ / a Progress b c under a PPP modality. Risks Plans in Place e DMF to Road Map Material Changes To Invest. Program/Plan f Changes in Structure/ Scope (M, m) Containing and reducing fiscal deficit through private sector participation in infrastructure While the fiscal deficit remained below 3% on average over the period of the 11th FYP, in line with India s Fiscal Responsibility and Budget Management Act of 2003, it remains a suboptimal indicator since fiscal deficits depend on many variables beyond the project s scope including GDP growth and revenue collection. It is therefore suggested to use declining government expenditure on infrastructure as a percentage of overall government capital expenditures as an improved indicator to measure this outcome. The percentage of capital

36 36 DMC/ / a Progress b c expenditures (roads, bridges and civil aviation) decreased from 7.6% in FY to 4.4% in FY highlighting the positive effect of private infrastructure investments for greater fiscal space in India Risks Plans in Place e DMF to Road Map Material Changes To Invest. Program/Plan f Changes in Structure/ Scope (M, m) Improved lending terms of IIFCL for infrastructure subprojects While IIPFF did not lead to direct reduction of borrowing costs for the specific subprojects, it provided IIFCL the opportunity to provide refinance and takeout finance schemes to facilitate incremental lending to the infrastructure sector by addressing banks exposure and asset-liability mismatch constraints to enable banks to continue financing projects and sustain investor interest in PPP. In this regard, IIPFF

37 37 DMC/ / a Progress b c has achieved the outcome of increased availability of long-term funds for infrastructure in India, thus enabling IIFCL and consortium lenders to finance longer tenor infrastructure projects. Risks Plans in Place e DMF to Road Map Material Changes To Invest. Program/Plan f Changes in Structure/ Scope (M, m) Improved capacity in IIFCL to ensure that ADB funds are used for subprojects that conform to Environmental and Social Safeguards Framework (ESSF) through relevant TA support Improved resource management and project risk assessment capabilities in IIFCL The respective performance targets of this outcome have been met since (i) IIFCL staff is able to understand and assess the project according to the adopted ESSF; and (ii) an increasing number of projects for ESSF compliance are being assessed. IIFCL s credit appraisal teams have been strengthened in terms of number and capacity, and an improved risk model system was introduced in 2009 with support from ADB s piggybacked

38 38 DMC/ / a Progress b c technical assistance. Risks Plans in Place e DMF to Road Map Material Changes To Invest. Program/Plan f Changes in Structure/ Scope (M, m) High quality infrastructure assets created in various subsectors across the country Availability of longterm funding to IIFCL and improved ability of IIFCL to provide long-term financing to subprojects International credit rating attained by IIFCL and periodically updated Improved (i) financial policies, (ii) staff capacity, and (iii) risk management systems of IIFCL Development and implementation of ESSF IIPFF achieved the expected outputs by (i) financing 30 subprojects, thereby fully disbursing the allocated $500 million of IIPFF; (ii) reducing the gap in duration between asset and liability portfolio; (iii) improving financial policies, including voluntary prudential measures in line with RBI requirements, staff capacity, and an improved risk management system, including the expected fully automated credit appraisal process; and (iv) formally adopting the ESSF system in 2007 and the updated ESSF as per ADB s safeguard policy statement in 2010.

39 39 DMC/ 2008 Uttarakhand Urban Sector Development Program ( No. 0018) / a Progress b c s Increased access to better quality and sustainable urban infrastructure and services by about 3.8 million people expected to be living in the Program towns by the end of program period (2016) Not yet due Risks Plans in Place e DMF N None Not applicable Y (retrofitted to comply with DMF guidelines) to Road Map Material Changes To Invest. Program/Plan f Changes in Structure/ Scope (M, m) N N None Improved urban governance, management, and finance resulting in sustainable service delivery Improved Urban Infrastructure and Services Implemented investment program for water supply Implemented program for sewerage system and sanitation Implemented program in solid waste management Implemented program for roads and transportation Not yet due 10 contracts awarded 2 contracts awarded Not yet started Not yet started

40 40 DMC/ / a Progress b c Risks Plans in Place e DMF to Road Map Material Changes To Invest. Program/Plan f Changes in Structure/ Scope (M, m) Implemented investment program in slum upgrading Not yet started National Power Grid Development Program ( No. 0019) Capacity Development and Program Management Implemented assistance to support the attainment of the Uttarakhand government s urban governance, finance, and servicedelivery improvement action plan for (i) strengthening of ULBs, (ii) restructuring of WSS utilities for efficient and financially sustainable service delivery, (iii) increasing local revenues and improving financial management, and (iv) preparing PPP packages for selected subprojects National Power Grid strengthening and augmentation/ expansion with transmission bottlenecks removed and losses reduced Being implemented under consultancy contracts Tranche 1 and 2 All envisaged 29 packages have been signed Achieved overall implementation progress of about 68% Y None Not applicable Y N Original Project 1 (Transmission project for evacuation of hydropower from Uttarakhand) removed. N

41 41 DMC/ Orissa Integrated Irrigated Agriculture and Water Management Program ( No. 0022) / a Progress b c Upgrading transmission corridor from Uttaranchal ±800kV HVDC Northeastern Northern/Western Interconnector s Enhanced productivity, water-use efficiency, and sustainability of irrigated agriculture in the selected existing schemes in the river basins having 215,000 ha designed command area Improved institutional performance of irrigation service delivery (with PIM) and water resources management (with IWRM) Productive and Sustainable Irrigated Agriculture Management Systems Participatory planning and WUA strengthening (a) Participatory scheme planning with feasibility studies and SIP; (b) Tranche 3 All original 7 contracts have been signed by Oct This has suffered from delays mainly due to procurement related challenges in the initial 2 years of project start up. Scheduled date for loan closure is September Proposed two year loan extension for completion of tranche 1 activities. N Risks scheduled closure is September Current proposal for extension of tranche 1 until September Proposed Tranche 2 to commence in Tranche 4 likely to be consolidated in to Tranche 3. However, overall duration remains limited even for implementation of Tranches-2 and 3. Plans in Place e Government requested to submit loan extension request for tranche 1. Extension for 2 years from September 2013 to September Though water user association strengthening, participatory irrigation management, and minor lift irrigation activities are making sound progress, there are delays in civil works implementation DMF to Road Map Material Changes To Invest. Program/Plan f Changes in Structure/ Scope (M, m) N N N N

42 42 DMC/ / a Progress b c WUA micro plans; (c) Strengthened WUAs: viable WUAs set up to become effective community organization, ready to receive investment support and to enhance agriculture production and women s participation Risks Plans in Place e DMF to Road Map Material Changes To Invest. Program/Plan f Changes in Structure/ Scope (M, m) Irrigation and associated infrastructure including CAD: good quality infrastructure designed and constructed, following appraised plan and WUA micro plans Agriculture development and livelihood enhancement: stipulated services in SIPs and micro plans provided, and set targets are achieved Sustainable O&M systems established: irrigation schemes operated and maintained on a sustainable basis Institutions Strengthened and Project Management