Public Disclosure Copy The World Bank Implementation Status & Results Report Regional Development Project (P126033) Regional Development Project (P126033) EUROPE AND CENTRAL ASIA | Georgia | Social, Urban, Rural and Resilience Global Practice Global Practice | IBRD/IDA | Specific Investment Loan | FY 2012 | Seq No: 5 | ARCHIVED on 26-Aug-2015 | ISR20169 | Implementing Agencies: Georgia Municipal Development Fund Key Dates Key Project Dates Board Approval date:20-Mar-2012 Effectiveness Date:31-May-2012 Planned Mid Term Review Date:14-Oct-2013 Actual Mid-Term Review Date:26-May-2014 Original Closing Date:31-Dec-2016 Revised Closing Date:31-Dec-2016 Project Development Objectives Project Development Objective (from Project Appraisal Document) The Project Development Objective is to improve infrastructure services and institutional capacity to support the development of tourism-based economy and cultural heritage circuits in the Kakheti region Has the Project Development Objective been changed since Board Approval of the Project Objective? No PHRPDODEL Components Name Infrastructure Investment:(Cost $56.90 M) Institutional Development:(Cost $3.10 M) Overall Ratings Name Previous Rating Current Rating Progress towards achievement of PDO  Satisfactory  Satisfactory Overall Implementation Progress (IP)  Satisfactory  Satisfactory Overall Risk Rating  Moderate  Moderate Implementation Status and Key Decisions 8/26/2015 Page 1 of 7 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Regional Development Project (P126033) The Project is on track to achieve its development objective. The overall implementation is assessed as satisfactory. Considerable progress has been made under this Infrastructure Investment Component. Urban regeneration activities in Telavi and Kvareli are completed, including (i) rehabilitation of municipal infrastructure and utilities in historic city cores; and (ii) conservation and upgrading of public spaces are completed, including three public parks in Telavi and one park in Kvareli. Restoration and civil works are ongoing in Dartlo heritage village, BatonisTsikhe Castle, Vardisubani entrance to Telavi, Tusheti Road, KetevanTsamebuli Street in Telavi and Kvevri Workshop in Ikalto, and works will soon be launched in Dartlo. Under the Public Infrastructure to Private Investments Component works are completed in nine contracts, one is underway (Shalaury wine cellar). The Project has so far leveraged about US$17 million of private sector investment “directly” generated under this subcomponent. Several other private investments have also opened in Kakheti as an “indirect” result of the project’s intervention, whose monetary value is still under surveying and evaluation. Under Institutional Development Component, all TORs have been prepared and contracts for these activities are moving forward on: (i) destination management, promotion and marketing; (ii) skilled workforce development and capacity building; (iii) performance monitoring and evaluation activities, and (iv) supervision of construction and sustainable site management of cultural heritage. 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  --  Substantial  Substantial Institutional Capacity for Implementation and Sustainability  --  Low  Low Fiduciary  --  Low  Moderate Environment and Social  --  Moderate  Moderate Stakeholders  --  Low  Low Other  --  --  -- Overall  --  Moderate  Moderate 8/26/2015 Page 2 of 7 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Regional Development Project (P126033) Results Project Development Objective Indicators PHINDPDOTBL  Increase weighted average number of hours per day of piped water services in project areas (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 8.00 12.00 14.00 24.00 Date 30-May-2012 24-Dec-2014 30-Jun-2015 31-Dec-2016 PHINDPDOTBL  Reduce weighted average vehicle operating cost due to improved urban roads (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 100.00 90.00 80.00 75.00 Date 30-May-2012 24-Dec-2014 30-Jun-2015 31-Dec-2016 PHINDPDOTBL  Increase volume of private sector investments (Amount(USD), Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 10.00 17000000.00 50000000.00 Date 30-May-2012 24-Dec-2014 30-Jun-2015 31-Dec-2016 PHINDPDOTBL  Increase number of hotel beds in circuit route areas (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 1610.00 2719.00 2838.00 1932.00 Date 30-May-2012 24-Dec-2014 30-Jun-2015 31-Dec-2016 PHINDPDOTBL  Increase points of sales (tickets, souvenirs shops, restaurants, hotels, guesthouse and family houses) in renovated culture heritage sites and cities (Number, Custom) 8/26/2015 Page 3 of 7 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Regional Development Project (P126033) Baseline Actual (Previous) Actual (Current) End Target Value 248.00 300.00 310.00 323.00 Date 30-May-2012 24-Dec-2014 30-Jun-2015 31-Dec-2016 Overall Comments Intermediate Results Indicators PHINDIRITBL  Piped household water connections that are benefiting from rehabilitation works undertaken by the project (Number, Core) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 4258.00 4258.00 500.00 Date 30-May-2012 24-Dec-2014 30-Jun-2015 31-Dec-2016 PHINDIRITBL  Number of people in urban areas provided with access to all-season roads within a 500 meter range under the project (Number, Core) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 40400.00 84100.00 50000.00 Date 30-May-2012 24-Dec-2014 30-Jun-2015 31-Dec-2016 PHINDIRITBL  Number of private investment proposals approved (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 10.00 11.00 10.00 Date 30-May-2012 24-Dec-2014 30-Jun-2015 31-Dec-2016 8/26/2015 Page 4 of 7 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Regional Development Project (P126033) PHINDIRITBL  Number of redeveloped culture heritage sites along the the tourist circuit (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 11.00 11.00 11.00 Date 30-May-2012 24-Dec-2014 30-Jun-2015 31-Dec-2016 PHINDIRITBL  Production/Distribution of new maps based on geotourism database (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 19449.00 19449.00 10000.00 Date 30-May-2012 24-Dec-2014 30-Jun-2015 31-Dec-2016 PHINDIRITBL  Number ofstablished and operating of destinataion management offices (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 3.00 Date 30-May-2012 24-Dec-2014 30-Jun-2015 31-Dec-2016 PHINDIRITBL  Number of buildings restored in Telavi, Kvareli and Dartlo (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 210.00 217.00 150.00 Date 30-May-2012 24-Dec-2014 30-Jun-2015 31-Dec-2016 8/26/2015 Page 5 of 7 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Regional Development Project (P126033) PHINDIRITBL  Direct project beneficiaries (Number, Core) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 54900.00 87800.00 30800.00 Date 30-May-2012 24-Dec-2014 30-Jun-2015 31-Dec-2016 PHINDIRITBL  Female beneficiaries (Percentage, Core Supplement) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 28504.00 45770.00 16140.00 Overall Comments Data on Financial Performance Disbursements (by loan) Project Loan/Credit/TF Status Currency Original Revised Cancelled Disbursed Undisbursed Disbursed P126033 IBRD-81480 Effective USD 60.00 60.00 0.00 54.52 5.48 91% Key Dates (by loan) Project Loan/Credit/TF Status Approval Date Signing Date Effectiveness Date Orig. Closing Date Rev. Closing Date P126033 IBRD-81480 Effective 20-Mar-2012 28-Mar-2012 31-May-2012 31-Dec-2016 31-Dec-2016 Cumulative Disbursements 8/26/2015 Page 6 of 7 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Regional Development Project (P126033) Restructuring History There has been no restructuring to date. Related Project(s) There are no related projects. 8/26/2015 Page 7 of 7 Public Disclosure Copy