The World Bank Report No: ISR2698 Implementation Status & Results Croatia Public Disclosure Copy Rijeka Gateway II (P102365) Operation Name: Rijeka Gateway II (P102365) Project Stage: Implementation Seq.No: 5 Status: ARCHIVED Last Modified Date: 26-Jan-2011 Country: Croatia Approval FY: 2009 Product Line: IBRD/IDA Region: EUROPE AND CENTRAL ASIA Lending Instrument: Specific Investment Loan Implementing Agency(ies): Port of Rijeka Authority Key Dates Board Approval Date 11-Dec-2008 Original Closing Date 15-Dec-2014 Planned Mid Term Review Date Last Archived ISR Date 18-Jun-2010 Effectiveness Date 14-Jul-2009 Revised Closing Date 15-Dec-2014 Actual Mid Term Review Date Project Development Objectives Project Development Objective (from Project Appraisal Document) The overall project development objective is to develop the capacity, financial performance, and quality of services in the port of Rijeka to meet growing traffic demand, through public-private partnerships, while facilitating urban renewal by enabling the relocation of port activities. Has the Project Development Objective been changed since Board Approval of the Project? Yes No Component(s) Component Name Component Cost Port Terminal Development 98.98 Port Service Enhancement 9.34 Project Implementation 8.46 Public Disclosure Copy Overall Ratings Previous Rating Current Rating Progress towards achievement of PDO Satisfactory Satisfactory Overall Implementation Progress (IP) Satisfactory Moderately Satisfactory Overall Risk Rating Implementation Status Overview Overall, the project continues to progress well, despite delays compared to the original schedule. While traffic contracted in 2009, container traffic volumes in the port of Rijeka showed signs of recovery in 2010. The construction of the Brajdica Container Terminal is progressing well, while the bidding procedure for the Zagreb Container Terminal is ongoing. The approach to public private partnership in the port is proceeding with the selection of an international private partner for the Adriatic Gate company expected to be completed in 2011. Page 1 of 6 The World Bank Report No: ISR2698 Results Public Disclosure Copy Project Development Objective Indicators Indicator Baseline Current End Target Indicator Name Value Value Value Increased Rijeka port container capacity (kTEU) 150 150 575 Date Date Date 31-Dec-2007 31-Dec-2009 31-Dec-2014 Type Unit of Measure Comment Comment Comment Custom Indicator Text Indicator Baseline Current End Target Indicator Name Value Value Value Increased container traffic (kTEU) 145 131 280 Date Date Date 31-Dec-2007 31-Dec-2009 31-Dec-2014 Type Unit of Measure Comment Comment Comment Custom Indicator Text versus target of 150kTEU Indicator Baseline Current End Target Indicator Name Value Value Value Improved PRA operating ratio: ratio of operating expenses to total 153% 157% 120% operating revenue Date Date Date 31-Dec-2007 31-Dec-2009 31-Dec-2014 Type Unit of Measure Comment Comment Comment Custom Indicator Text versus target of 150% Indicator Baseline Current End Target Public Disclosure Copy Indicator Name Value Value Value Reduced subsidies for interest as percentage of operating revenues 46% 19.6% 10% Date Date Date 31-Dec-2007 31-Dec-2009 31-Dec-2014 Type Unit of Measure Comment Comment Comment Custom Indicator Text versus target of 45% Page 2 of 6 The World Bank Report No: ISR2698 Indicator Baseline Current End Target Public Disclosure Copy Indicator Name Value Value Value Increased container terminal efficiency (move per crane per hour) 18 20 22 Date Date Date 31-Dec-2007 31-Dec-2009 31-Dec-2014 Type Unit of Measure Comment Comment Comment Custom Indicator Text versus target of 18 Indicator Baseline Current End Target Indicator Name Value Value Value Private Sector investments (USD million) 0 0 25 Date Date Date 31-Dec-2007 31-Dec-2009 31-Dec-2014 Type Unit of Measure Comment Comment Comment Custom Indicator Text Updates take place on an annual basis (full year results). Indicator Baseline Current End Target Indicator Name Value Value Value Portion of dry cargo port activities carried out by operators with a 29% 29% 85% private majority ownership Date Date Date 31-Dec-2007 31-Dec-2009 31-Dec-2012 Type Unit of Measure Comment Comment Comment Custom Indicator Text versus target of 45% Updates take place on an annual basis (full year results). Indicator Baseline Current End Target Public Disclosure Copy Indicator Name Value Value Value Redevelopment of urban area (ha) 0 0 7 Date Date Date 31-Dec-2007 31-Dec-2009 31-Dec-2014 Type Unit of Measure Comment Comment Comment Custom Indicator Text Updates take place on an annual basis (full year results). Intermediate Results Indicators Page 3 of 6 The World Bank Report No: ISR2698 Indicator Baseline Current End Target Public Disclosure Copy Indicator Name Value Value Value Port Terminal Development Component. Contruction of Brajdica 0% Done Container Terminal extension completed (2011) Date Date Date 31-Dec-2007 30-Apr-2010 31-Dec-2011 Type Unit of Measure Comment Comment Comment Custom Indicator Text Not due - construction started Indicator Baseline Current End Target Indicator Name Value Value Value Contruction of Zagreb Terminal infrastructure completed (2014) 0% Done Date Date Date 31-Dec-2007 31-Dec-2009 31-Dec-2014 Type Unit of Measure Comment Comment Comment Custom Indicator Text Not yet due Indicator Baseline Current End Target Indicator Name Value Value Value Area for urban redevelopment available ( at least 7 ha) (2012) 0 ha 7 ha Date Date Date 31-Dec-2007 31-Dec-2009 31-Dec-2012 Type Unit of Measure Comment Comment Comment Custom Indicator Text Not due Indicator Baseline Current End Target Indicator Name Value Value Value Selection of a private developer to redevelop the Delta/Port of Baross not done done Public Disclosure Copy area (Sep 2010) Date Date Date 31-Dec-2007 31-Dec-2009 31-Dec-2010 Type Unit of Measure Comment Comment Comment Custom Indicator Text Not due Page 4 of 6 The World Bank Report No: ISR2698 Indicator Baseline Current End Target Public Disclosure Copy Indicator Name Value Value Value Signed concession agreements for at least two port terminals (2011) 0 1 2 agreements based on cost Date Date recovery principles 31-Dec-2007 30-Apr-2010 Date Type Unit of Measure Comment Comment 31-Dec-2011 Custom Indicator Text Concession for Brajdica Container Comment Terminal signed Indicator Baseline Current End Target Indicator Name Value Value Value Development of port environmental protection plan (2010) not available In place Date Date Date 31-Dec-2007 31-Dec-2009 31-Dec-2010 Type Unit of Measure Comment Comment Comment Custom Indicator Text Not yet due - selection of company ongoing Indicator Baseline Current End Target Indicator Name Value Value Value Quality supervision of works continuous Satisfactory continuous Date Date Date 31-Dec-2008 30-Apr-2010 31-Dec-2014 Type Unit of Measure Comment Comment Comment Custom Indicator Text Details to be provided in Project Progress Report Public Disclosure Copy Data on Financial Performance (as of 03-Aug-2009) Financial Agreement(s) Key Dates Project Loan No. Status Approval Date Signing Date Effectiveness Date Closing Date P102365 IBRD-76380 Effective 11-Dec-2008 17-Apr-2009 14-Jul-2009 15-Dec-2014 Disbursements (in Millions) Project Loan No. Status Currency Original Revised Cancelled Disbursed Undisbursed % Disbursed P102365 IBRD-76380 Effective USD 122.50 122.50 0.00 0.30 122.19 0.00 Disbursement Graph Page 5 of 6 The World Bank Report No: ISR2698 Public Disclosure Copy Key Decisions Regarding Implementation N/A Restructuring History There has been no restructuring to date. Related Projects There are no related projects. Public Disclosure Copy Page 6 of 6