The World Bank Report No: ISR15194 Implementation Status & Results Colombia CO-National Macroproyectos Social Interest Program Project (P110671) Public Disclosure Copy Operation Name: CO-National Macroproyectos Social Interest Program Project Project Stage: Implementation Seq.No: 7 Status: ARCHIVED Archive Date: 30-Jun-2014 (P110671) Country: Colombia Approval FY: 2011 Product Line: IBRD/IDA Region: LATIN AMERICA AND CARIBBEAN Lending Instrument: Specific Investment Loan Implementing Agency(ies): Key Dates Board Approval Date 11-Jan-2011 Original Closing Date 31-Dec-2014 Planned Mid Term Review Date 01-Mar-2013 Last Archived ISR Date 01-Dec-2013 Effectiveness Date 20-Jun-2011 Revised Closing Date 31-Dec-2014 Actual Mid Term Review Date 14-Oct-2013 Project Development Objectives Project Development Objective (from Project Appraisal Document) The Project development objective is to enable access to affordable housing solutions for low-income beneficiaries. Has the Project Development Objective been changed since Board Approval of the Project? Yes No Component(s) Component Name Component Cost Low-Income Land and Housing Development 38.00 Technical Assistance Program 0.50 Project Management 1.50 Overall Ratings Previous Rating Current Rating Public Disclosure Copy Progress towards achievement of PDO Unsatisfactory Unsatisfactory Overall Implementation Progress (IP) Unsatisfactory Unsatisfactory Overall Risk Rating Substantial Implementation Status Overview The project’s progress toward achieving the Project Development Objective (PDO) and the Progress Implementation is rated as unsatisfactory (U) and it is unlikely that the Project will meet its Project Development Objective. During the last CPPR (November 2013) the Bank, DNP and the Ministry of Finance agreed to restructure the project to cancel US$34.2 million that were not expected to be disbursed prior to the project’s closing date (December 30, 2014) while keeping US$5.3 million to fund a low-income housing development sub- project in the city of Neiva. n Page 1 of 4 The World Bank Report No: ISR15194 Locations No Location data has been entered Public Disclosure Copy Results Project Development Objective Indicators Indicator Name Core Unit of Measure Baseline Current End Target 40,000 low income beneficiaries with access to Number Value 0.00 0.00 40000.00 affordable housing in the project areas Date 13-Oct-2009 30-May-2014 31-Dec-2014 Comments Finance approximately 10,000 supply-side Number Value 0.00 0.00 10000.00 housing grants for land development and Date 13-Oct-2009 30-May-2014 31-Dec-2014 secondary infrastructure associated with small Comments andmedium size mixed-use land and housing development Subprojects Intermediate Results Indicators Indicator Name Core Unit of Measure Baseline Current End Target Subproject investments include mix of uses Text Value - Yes (multi-income residential, commercial and Date 30-May-2014 31-Dec-2014 green areas) Comments 100% of Subprojects include a minimum of Percentage Value 0.00 0.00 100.00 50% social interest housing units (VIS) Date 30-May-2014 31-Dec-2014 including 25% of priority interest housing units Comments (VIP) 100% of parcels of selected Subproject sites Percentage Value 0.00 0.00 100.00 have access to networked water supply Date 30-May-2014 31-Dec-2014 Comments Public Disclosure Copy 100% of selected Subproject sites have access Percentage Value 0.00 0.00 100.00 to adequate sanitation. Date 13-Oct-2009 30-May-2014 31-Dec-2014 Comments 100% of parcels of selected Subproject sites Percentage Value 0.00 0.00 100.00 with access to an adequate drainage system. Date 13-Oct-2009 30-May-2014 31-Dec-2014 Comments Page 2 of 4 The World Bank Report No: ISR15194 100% of parcels with access to roads with Percentage Value 0.00 0.00 100.00 public transport stops at a distance of less than Date 30-May-2014 31-Dec-2014 500 m Comments Public Disclosure Copy Development of a land trust instrument Text Value - Yes Date 30-May-2014 31-Dec-2014 Comments Instrument completed but is not in used given the new government priorities which prioritize public housing Development of a real estate development Text Value 0 Yes model Date 30-May-2014 30-Apr-2012 Comments Model completed but is not in used given the new government priorities which prioritize public housing Bidding processes for Subproject Contracts Text Value - 9 Months require an average of 9 months from tender to Date 13-Oct-2009 30-May-2014 signing. Comments Data on Financial Performance (as of 21-Feb-2014) Financial Agreement(s) Key Dates Project Ln/Cr/Tf Status Approval Date Signing Date Effectiveness Date Original Closing Date Revised Closing Date P110671 IBRD-79980 Effective 11-Jan-2011 22-Mar-2011 20-Jun-2011 31-Dec-2014 31-Dec-2014 Disbursements (in Millions) Project Ln/Cr/Tf Status Currency Original Revised Cancelled Disbursed Undisbursed % Disbursed P110671 IBRD-79980 Effective USD 40.00 40.00 0.00 0.50 39.50 1.00 Public Disclosure Copy Disbursement Graph Page 3 of 4 The World Bank Report No: ISR15194 Public Disclosure Copy Key Decisions Regarding Implementation The Government submitted a project restructuring request to the Bank on April 30, 2014. The request includes: (i) cancellation of US$ 34.2 million (85.5% of the total loan amount); and (ii) extension of the closing date to December 30, 2015 in order to implementthe Neiva sub-project. The Bank is processing the approval of the restructuring package to cancel the amount as per the Government’s request, however, an extension of the closing date will not be included as part of the restructuring given the poor project performance Restructuring History Level two Approved on 09-Jun-2014 Related Projects There are no related projects. Public Disclosure Copy Page 4 of 4