The World Bank Implementation Status & Results Report Kenya Infrastructure Finance/PPP project (P121019) Kenya Infrastructure Finance/PPP project (P121019) AFRICA EAST | Kenya | Finance, Competitiveness and Innovation Global Practice | IBRD/IDA | Investment Project Financing | FY 2013 | Seq No: 17 | ARCHIVED on 28-Jul-2021 | ISR47676 | Implementing Agencies: MINISTRY OF FINANCE, National Treasury PPP Directorate, National Treasury and Planning- PFF, Project Facilitation Fund Key Dates Key Project Dates Bank Approval Date: 15-Nov-2012 Effectiveness Date: 11-Feb-2013 Planned Mid Term Review Date: 30-May-2015 Actual Mid-Term Review Date: 18-May-2015 Original Closing Date: 31-Dec-2016 Revised Closing Date: 31-Oct-2022 pdoTable Project Development Objectives Project Development Objective (from Project Appraisal Document) The overall objective of this two-phased Adaptable Lending Program (APL) Program is to increase private investment in the Kenya infrastructure market across sectors and to sustain this participation over an extended period of time. This involves three key areas of development: (i) enabling environment; (ii) pipeline; (iii) financing. The specific objective of the APL 1 project is to improve the enabling environment to generate a pipeline of bankable Public-Private Partnership (PPP) projects. Has the Project Development Objective been changed since Board Approval of the Project Objective? Yes Board Approved Revised Project Development Objective (If project is formally restructured) The overall objective of this project is to increase private investment in the Kenya infrastructure market across sectors and to sustain this participation over an extended period of time. Components Table Name Technical Support to PPP Institutions for PPP Legal, Regulatory and PPP Financing Environment:(Cost $11.50 M) Support for Preparation of Individual PPPs:(Cost $20.00 M) Improvements to Fiscal Risk Management Framework:(Cost $5.00 M) Support for Program Management:(Cost $3.50 M) AF Component 1: Support to Institutional Strengthening:(Cost $10.00 M) AF Component 2: Support to Project Preparation and Procurement:(Cost $37.00 M) AF Component 3: Support to Project Management:(Cost $3.00 M) Overall Ratings Name Previous Rating Current Rating Progress towards achievement of PDO Satisfactory Satisfactory Overall Implementation Progress (IP) Satisfactory Satisfactory 7/28/2021 Page 1 of 6 The World Bank Implementation Status & Results Report Kenya Infrastructure Finance/PPP project (P121019) Overall Risk Rating Moderate Moderate Implementation Status and Key Decisions Component 1 - Support on Institutional Strengthening This component supports the operational costs of the PPP institutions including the PPP Unit and the PFF Secretariat. Component 2 - Support for PPP Project Preparation and Procurement Of the GoK PPP projects currently being supported by the IFPPP credit, there has been progress in the procurement of Transaction Advisors (TA) since the last ISR period for the tolling operator for toll roads PPP program, the second Nyali Bridge Project, Meru Cancer Center, Pwani Teaching Hospital, Nakuru Solid Waste Project and the development of an aviation policy for Kenya and review of the proposed medium-term investment requirements at Jomo Kenyatta International Airport (JKIA), Component 3 - Project Management This component supports the PPPU towards the PFF operationalization for provision of fiduciary, safeguards, and Monitoring and Evaluation (M&E) expertise to the Project in accordance with Bank policies and requirement 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 -- Substantial Substantial Sustainability Fiduciary -- Substantial Substantial Environment and Social -- Substantial Substantial Stakeholders -- Moderate Moderate Other -- Moderate -- Overall -- Moderate Moderate Results PDO Indicators by Objectives / Outcomes Institutional Development and Regulatory Reform IN01021545 ►Regular issuance of Government benchmark bonds in medium and long term maturities up to 7/10 year tenures (Number, custom) (Yes/No, Custom) 7/28/2021 Page 2 of 6 The World Bank Implementation Status & Results Report Kenya Infrastructure Finance/PPP project (P121019) Baseline Actual (Previous) Actual (Current) End Target Value No Yes Yes Yes Date 31-Dec-2012 15-Dec-2020 15-Dec-2020 31-Dec-2017 IN01021668 ►PPP Regulations associated with the new Law agreed to with MoF (Yes/No, Custom) Baseline Actual (Previous) Actual (Current) End Target Value No Yes Yes Yes Date 31-Dec-2012 15-Dec-2020 15-Dec-2020 31-Dec-2017 IN01021670 ►Private Capital Mobilized (Amount(USD), Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 98,830,000.00 765,830,000.00 1,250,000,000.00 Date 18-Jan-2017 15-Dec-2020 30-Jun-2021 31-Oct-2022 Pipeline of PPP transactions IN01021666 ►No. of PPP Projects that reached financial close (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 1.00 2.00 3.00 Date 18-Jan-2017 15-Dec-2020 15-Dec-2020 31-Oct-2022 IN01021669 ►Expression of Interests (EOIs) issued to prospective sponsors for three targeted PPP transactions (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 19.00 19.00 3.00 Date 31-Dec-2012 15-Dec-2020 15-Dec-2020 31-Dec-2017 Improvement of FCCL framework IN01021667 ►PPP Fiscal Commitment and Contingent Liability Framework operationalized as measured by: upstream DMO due diligence on prospective (feasibility stage) transactions completed in line with Law (Yes/No, Custom) Baseline Actual (Previous) Actual (Current) End Target Value No Yes Yes Yes Date 31-Dec-2012 15-Dec-2020 15-Dec-2020 31-Dec-2017 7/28/2021 Page 3 of 6 The World Bank Implementation Status & Results Report Kenya Infrastructure Finance/PPP project (P121019) Intermediate Results Indicators by Components Institutional Development and Regulatory Reform IN01021671 ►No. of Government officials with PPP certification from recognized institutions* (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 10.00 54.00 54.00 50.00 Date 18-Jan-2017 15-Dec-2020 15-Dec-2020 31-Oct-2022 IN01021674 ►Line Ministries and Agencies ?Nodes? for First Mover Transactions established and operational (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 67.00 67.00 2.00 Date 31-Dec-2012 15-Dec-2020 15-Dec-2020 31-Dec-2017 Preparation of a pipeline of PPP transactions IN01021672 ►Report drafted on project stakeholder engagement survey (Yes/No, Custom) Baseline Actual (Previous) Actual (Current) End Target Value No No No Yes Date 18-Jan-2017 15-Dec-2020 15-Dec-2020 31-Oct-2022 Survey on project stakeholder engagement to be done at subproject level one year after achieving the first Comments: project financial close. IN01021675 ►No. of EOIs/RFQ/RFP issued to prospective PPP private partners (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 8.00 20.00 20.00 20.00 Date 18-Jan-2017 15-Dec-2020 15-Dec-2020 31-Oct-2022 IN01021676 ►No. of Feasibility Studies approved by the PPP Committee (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 10.00 25.00 25.00 25.00 Date 18-Jan-2017 15-Dec-2020 15-Dec-2020 31-Oct-2022 7/28/2021 Page 4 of 6 The World Bank Implementation Status & Results Report Kenya Infrastructure Finance/PPP project (P121019) IN01021677 ►PPP Training Curriculum Developed and Implemented (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target Curriculum developed Consultancy TORs Consultancy TORs and approved, Value No Curriculum submitted to the Bank for submitted to the Bank implementation of NOB for NOB curriculum commenced Date 18-Jan-2017 15-Dec-2020 15-Dec-2020 31-Oct-2022 Improvement of FCCL Framework IN01021673 ►PPP FCCL approved by National Treasury Cabinet Secretary (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target Value No Yes Yes Yes Date 31-Dec-2012 15-Dec-2020 15-Dec-2020 31-Dec-2017 Performance-Based Conditions Data on Financial Performance Disbursements (by loan) Project Loan/Credit/TF Status Currency Original Revised Cancelled Disbursed Undisbursed % Disbursed P121019 IDA-51570 Effective USD 40.00 40.00 0.00 35.90 1.29 97% P121019 IDA-61210 Effective USD 50.00 50.00 0.00 11.94 43.47 22% Key Dates (by loan) Project Loan/Credit/TF Status Approval Date Signing Date Effectiveness Date Orig. Closing Date Rev. Closing Date P121019 IDA-51570 Effective 15-Nov-2012 05-Dec-2012 11-Feb-2013 31-Dec-2016 31-Oct-2022 P121019 IDA-61210 Effective 05-Jul-2017 07-Aug-2017 21-Dec-2017 31-Oct-2022 31-Oct-2022 Cumulative Disbursements 7/28/2021 Page 5 of 6 The World Bank Implementation Status & Results Report Kenya Infrastructure Finance/PPP project (P121019) PBC Disbursement Achievement Disbursed amount in Disbursement % PBC ID PBC Type Description Coc PBC Amount Status Coc for PBC Restructuring History Level 2 Approved on 24-Jun-2015 ,Level 2 Approved on 25-Jan-2019 Related Project(s) P162182-Kenya Infrastructure Finance Public Private Partnership Additional Financing Project 7/28/2021 Page 6 of 6