Public Disclosure Copy The World Bank Implementation Status & Results Report Road Upgrading and Development Project (P149955) Road Upgrading and Development Project (P149955) EUROPE AND CENTRAL ASIA | Macedonia, former Yugoslav Republic of | Transport & ICT Global Practice | IBRD/IDA | Investment Project Financing | FY 2016 | Seq No: 1 | ARCHIVED on 11-Feb-2016 | ISR22452 | Implementing Agencies: Public Enterprise for State Roads Key Dates Key Project Dates Bank Approval Date:30-Sep-2015 Effectiveness Date:30-Dec-2015 Planned Mid Term Review Date:31-Jan-2017 Actual Mid-Term Review Date:-- Original Closing Date:31-Dec-2020 Revised Closing Date:31-Dec-2020 Project Development Objectives Project Development Objective (from Project Appraisal Document) The Project Development Objectives are to improve transport connectivity for road users along Corridor VIII between Skopje and DeveBair, and to improve the asset management and planning functions of Public Enterprise for State Roads. Has the Project Development Objective been changed since Board Approval of the Project Objective? No PHRPDODEL Components Name Construction along Corridor VIII: Rankovce - Kriva Palanka:(Cost $85.50 M) Institutional and Project Implementation Support:(Cost $5.50 M) Overall Ratings Name Previous Rating Current Rating Progress towards achievement of PDO  --  Satisfactory Overall Implementation Progress (IP)  --  Satisfactory Overall Risk Rating  --  Moderate Implementation Status and Key Decisions 2/11/2016 Page 1 of 7 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Road Upgrading and Development Project (P149955) The Project was approved by the Board of Directors on September 30, 2015. The signing of the Loan and Guarantee Agreements between the Bank and the Public Enterprise for State Roads and Ministry of Finance respectively, took place on October 6, 2015. The Bank received the signed Legal Opinion on the Guarantee Agreement from Macedonia's Ministry of Justice on October 22, 2015. The Legal Opinion on the Loan Agreement was received from the PESR Legal Department on November 20, 2015. The condition of effectiveness: Project Operational Manual adopted by PESR in a manner satisfactory to the Bank; were met on December 30, 2015 and project effectiveness was declared on December 30, 2015. The project has had a good start. On November 6, 2015, a project launch workshop was organized and PESR, the Bank and all relevant national institutions, discussed the details of the new project, expected results and also identified possibilities for cooperation. The workshop was followed by technical discussions between the Bank team and PESR implementation team on procurement, financial management, safeguards and results monitoring to ensure thorough understanding of the implementation arrangements. Preparations for activities under component 1 are progressing well with the Pre-Qualification document currently under Bank review. Risks Systematic Operations Risk-rating Tool Risk Category Rating at Approval Previous Rating Current Rating Political and Governance  Moderate  --  Moderate Macroeconomic  Moderate  --  Moderate Sector Strategies and Policies  Moderate  --  Moderate Technical Design of Project or Program  Moderate  --  Moderate Institutional Capacity for Implementation and Sustainability  Moderate  --  Moderate 2/11/2016 Page 2 of 7 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Road Upgrading and Development Project (P149955) Fiduciary  Low  --  Low Environment and Social  Substantial  --  Substantial Stakeholders  Low  --  Low Other  Moderate  --  Moderate Overall  Moderate  --  Moderate Results Project Development Objective Indicators PHINDPDOTBL  Volume of freight along Corridor VIII (tones, section Rankovce - Kriva Palanka) (Number (Thousand), Custom) Baseline Actual (Previous) Actual (Current) End Target Value 43.80 -- 43.80 45.00 Date 04-May-2015 -- 01-Feb-2016 31-Dec-2020 PHINDPDOTBL  Market accessibility index along Corridor VIII (section Rankovce - Kriva Palanka) (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 138.50 -- 138.50 265.60 Date 04-May-2015 -- 01-Feb-2016 31-Dec-2020 PHINDPDOTBL  Vehicle operating cost for road users, in Euro per vehicle-km, along the project road section. (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 1.12 -- 1.12 0.92 Date 04-May-2015 -- 01-Feb-2016 31-Dec-2020 PHINDPDOTBL  Bridge maintenance and investment program developed based on Bridge Management System (BMS). (Yes/No, Custom) Baseline Actual (Previous) Actual (Current) End Target 2/11/2016 Page 3 of 7 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Road Upgrading and Development Project (P149955) Value N -- N Y Date 04-May-2015 -- 01-Feb-2016 31-Dec-2020 Overall Comments Intermediate Results Indicators PHINDIRITBL  Roads constructed, non-rural (Kilometers, Core) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 24.64 Date 04-May-2015 -- 01-Feb-2016 31-Dec-2020 PHINDIRITBL  Bridge condition survey completed (Yes/No, Custom) Baseline Actual (Previous) Actual (Current) End Target Value N -- N Y Date 04-May-2015 -- 01-Feb-2016 31-Dec-2018 PHINDIRITBL  Digitize all bridge structures as part of the larger digitized national road reference system (Yes/No, Custom) Baseline Actual (Previous) Actual (Current) End Target Value N -- N Y Date 04-May-2015 -- 01-Feb-2016 31-Dec-2017 2/11/2016 Page 4 of 7 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Road Upgrading and Development Project (P149955) PHINDIRITBL  Preparation of bridge maintenance and investment plan using the established BMS (Yes/No, Custom) Baseline Actual (Previous) Actual (Current) End Target Value N -- N Y Date 04-May-2015 -- 01-Feb-2016 31-Dec-2019 PHINDIRITBL  Percentage of beneficiaries expressing satisfaction with condition of the project roads (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 0.00 Date 04-May-2015 -- 01-Feb-2016 31-Dec-2020 Comments To be defined in the first year of the project PHINDIRITBL  Direct project beneficiaries (Number, Core) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 0.00 Date 04-May-2015 -- 01-Feb-2016 31-Dec-2020 Comments To be defined in the first year of the Project PHINDIRITBL  Female beneficiaries (Percentage, Core Supplement) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 0.00 2/11/2016 Page 5 of 7 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Road Upgrading and Development Project (P149955) PHINDIRITBL  Citizen Input to PESR during preparation and construction of the project. (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target Final Citizen’s Value Citizen committees formed -- No engagement report Date 04-May-2015 -- 01-Feb-2016 31-Dec-2020 Overall Comments Data on Financial Performance Disbursements (by loan) Project Loan/Credit/TF Status Currency Original Revised Cancelled Disbursed Undisbursed Disbursed P149955 IBRD-85250 Effective USD 90.95 90.95 0.00 0.23 90.72 0% Key Dates (by loan) Project Loan/Credit/TF Status Approval Date Signing Date Effectiveness Date Orig. Closing Date Rev. Closing Date P149955 IBRD-85250 Effective 30-Sep-2015 06-Oct-2015 30-Dec-2015 31-Dec-2020 31-Dec-2020 Cumulative Disbursements 2/11/2016 Page 6 of 7 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Road Upgrading and Development Project (P149955) Restructuring History There has been no restructuring to date. Related Project(s) There are no related projects. 2/11/2016 Page 7 of 7 Public Disclosure Copy