Public Disclosure Copy The World Bank Implementation Status & Results Report Pacific Regional Connectivity Program 2:Palau-FSM Connectivity Project (P130592) Pacific Regional Connectivity Program 2:Palau-FSM Connectivity Project (P130592) EAST ASIA AND PACIFIC | Micronesia, Federated States of | Transport & ICT Global Practice | IBRD/IDA | Investment Project Financing | FY 2015 | Seq No: 3 | ARCHIVED on 10-Oct-2016 | ISR25334 | Implementing Agencies: Department of Transport, Communication and Infrastructure Key Dates Key Project Dates Bank Approval Date:17-Dec-2014 Effectiveness Date:11-Mar-2015 Planned Mid Term Review Date:31-Oct-2017 Actual Mid-Term Review Date:-- Original Closing Date:31-Jan-2020 Revised Closing Date:31-Jan-2020 Project Development Objectives Project Development Objective (from Project Appraisal Document) The development objective of the Project is to reduce the cost and increase the availability of ICT services needed to support social and economic development in the Recipient's territory. Has the Project Development Objective been changed since Board Approval of the Project Objective? No PHRPDODEL Components Name Component 1A Palau-Yap-Guam Cable System:(Cost $22.50 M) Component 1B Chuuk-Pohnpei Cable System:(Cost $18.50 M) Component 1C Kosrae Connectivity:(Cost $3.50 M) Component 2 Technical Assistance:(Cost $2.25 M) Component 3 Project Management:(Cost $0.75 M) Overall Ratings Name Previous Rating Current Rating Progress towards achievement of PDO  Moderately Satisfactory  Moderately Satisfactory Overall Implementation Progress (IP)  Moderately Satisfactory  Moderately Satisfactory 10/10/2016 Page 1 of 6 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Pacific Regional Connectivity Program 2:Palau-FSM Connectivity Project (P130592) Overall Risk Rating  Substantial  Substantial Implementation Status and Key Decisions The Project became effective as of March 11, 2015. A Project Coordinator was appointed on June 10, 2015. Specialist advisers have been retained to assist on legal and transactional issues associated with sector development and investment issues including: (i) the future ownership of existing and new international connectivity assets; (ii) possible financial and ownership restructuring of FSMTC; and (iii) transactional issues implementing the proposed connectivity infrastructure investments and institutional restructuring. An individual technical consultant has been retained on an interim basis to continue to support technical project management activities for Yap and Chuuk cable investments. Priorities are (a) completing the FSMTC restructuring, the OAE establishment, plus the establishment of the independent Regulator and; (b) expediting the recruitment of technical project management support to supervise construction activities for the Yap and Chuuk cables, and prospectively the new Kosrae cable. Risks Systematic Operations Risk-rating Tool Risk Category Rating at Approval Previous Rating Current Rating Political and Governance  --  Moderate  Moderate Macroeconomic  --  Low  Low Sector Strategies and Policies  --  Low  Low Technical Design of Project or Program  --  High  High Institutional Capacity for Implementation and Sustainability  --  High  High Fiduciary  --  High  High Environment and Social  --  Low  Low Stakeholders  --  Moderate  Moderate Other  --  --  -- Overall  --  Substantial  Substantial Results Project Development Objective Indicators PHINDPDOTBL  Access to telephone services (mobile phones per 100 people) (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 30.00 -- -- 80.00 Date 25-Sep-2014 -- -- 31-Jan-2020 10/10/2016 Page 2 of 6 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Pacific Regional Connectivity Program 2:Palau-FSM Connectivity Project (P130592) PHINDPDOTBL  Access to Internet Services (number of subscribers per 100 people) (Number, Core) Baseline Actual (Previous) Actual (Current) End Target Value 2.00 -- -- 40.00 Date 25-Sep-2014 -- -- 31-Jan-2020 PHINDPDOTBL  Wholesale Internet bandwidth price (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 1800.00 -- -- 700.00 Date 25-Sep-2014 -- -- 31-Jan-2020 PHINDPDOTBL  Direct project beneficiaries (Number, Core) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- -- 42000.00 Date 25-Sep-2014 -- -- 31-Jan-2020 PHINDPDOTBL  Female beneficiaries (Percentage, Core Supplement) Baseline Actual (Previous) Actual (Current) End Target Value 50.00 -- -- 50.00 PHINDPDOTBL  Internet bandwidth available (Mbps) (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 38.00 -- -- 20150.00 10/10/2016 Page 3 of 6 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Pacific Regional Connectivity Program 2:Palau-FSM Connectivity Project (P130592) Date 25-Sep-2014 -- -- 31-Jan-2020 PHINDPDOTBL  Impact on Telecom sector of World Bank Technical Assistance (composite score: 1- low impact to 5-high impact) (Number, Core) Baseline Actual (Previous) Actual (Current) End Target Value 2.00 -- -- 5.00 Date 25-Sep-2014 -- -- 31-Jan-2020 PHINDPDOTBL  Retail Price of Internet Services (per Mbit/s per Month, in US$) (Amount(USD), Core) Baseline Actual (Previous) Actual (Current) End Target Value 65.00 -- -- 20.00 Date 30-Sep-2014 -- -- 31-Jan-2020 Overall Comments Intermediate Results Indicators PHINDIRITBL  Length of fiber optic cable access (km) (Kilometers, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- -- 1950.00 Date 25-Sep-2014 -- -- 31-Jan-2020 10/10/2016 Page 4 of 6 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Pacific Regional Connectivity Program 2:Palau-FSM Connectivity Project (P130592) PHINDIRITBL  Regulatory capacity strengthened (Yes/No, Custom) Baseline Actual (Previous) Actual (Current) End Target Value N -- -- Y Date 25-Sep-2014 -- -- 31-Jan-2020 Overall Comments Data on Financial Performance Disbursements (by loan) Project Loan/Credit/TF Status Currency Original Revised Cancelled Disbursed Undisbursed Disbursed P130592 IDA-D0040 Effective XDR 32.10 32.10 0.00 4.52 27.58 14% Key Dates (by loan) Project Loan/Credit/TF Status Approval Date Signing Date Effectiveness Date Orig. Closing Date Rev. Closing Date P130592 IDA-D0040 Effective 17-Dec-2014 06-Mar-2015 11-Mar-2015 31-Jan-2020 31-Jan-2020 Cumulative Disbursements 10/10/2016 Page 5 of 6 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Pacific Regional Connectivity Program 2:Palau-FSM Connectivity Project (P130592) Restructuring History Level 2 Approved on 13-Feb-2016 Related Project(s) P161308-Add'l Financing FSM Connectivity Project ,P161363-P2: Palau-FSM Connectivity Project: AF Kosrae Connectivity 10/10/2016 Page 6 of 6 Public Disclosure Copy