The World Bank GY Flood Risk Management (P147250) REPORT NO.: RES28152 DOCUMENT OF THE WORLD BANK RESTRUCTURING PAPER ON A PROPOSED PROJECT RESTRUCTURING OF GY FLOOD RISK MANAGEMENT APPROVED ON JUNE 4, 2014 TO COOPERATIVE REPUBLIC OF GUYANA SOCIAL, URBAN, RURAL AND RESILIENCE GLOBAL PRACTICE LATIN AMERICA AND CARIBBEAN Regional Vice President: Jorge Familiar Calderon Country Director: Tahseen Sayed Khan Senior Global Practice Director: Ede Jorge Ijjasz-Vasquez Practice Manager/Manager: Ming Zhang Task Team Leader: Sergio Dell'anna The World Bank GY Flood Risk Management (P147250) I. BASIC DATA Product Information Project ID Financing Instrument P147250 Investment Project Financing Original EA Category Current EA Category Partial Assessment (B) Partial Assessment (B) Approval Date Current Closing Date 04-Jun-2014 31-Jan-2019 Organizations Borrower Responsible Agency Agriculture Sector Development Unit (ASDU), Ministry of Cooperative Republic of Guyana Agriculture Project Development Objective (PDO) Original PDO The objective of the project is to reduce the risk of flooding in the low-lying areas of the East Demerara. Summary Status of Financing Net Ln/Cr/Tf Approval Signing Effectiveness Closing Commitment Disbursed Undisbursed IDA-54740 04-Jun-2014 10-Oct-2014 25-Nov-2014 31-Jan-2019 11.89 10.69 0 Policy Waiver(s) Does this restructuring trigger the need for any policy waiver(s)? No II. SUMMARY OF PROJECT STATUS AND PROPOSED CHANGES The World Bank GY Flood Risk Management (P147250) The IDA Credit of US$11.89 equivalent for the Flood Risk Management Project was approved on June 4, 2014 and is scheduled to close on January 31, 2019. The project development objective is to reduce the risk of flooding in the low- lying areas of the East Demerara. The project comprises three components: priority works for flood reduction; institutional strengthening for flood risk reduction; and project management and implementation support. Project implementation is progressing well, most of the activities have been completed, and end-of-project targets of outcome and intermediate indicators are expected to be achieved on completion of the remaining activities. A summary of the status of activities by component is provided below. The only critical on-going activity requiring the proposed extension is the rehabilitation of the north-eastern dam of East Demerara Water Conservancy (EDWC). Component 1: Priority Works for Flood Risk Reduction - The three planned project pump stations at Buxton, Hope Enmore and Lusignan have been operational since July 2018 and reduce the exposure to recurrent floods of more than 47,000 people. Equipment to strengthen the capacity of the NDIA has been already delivered and is in use. Automatic weather stations have been installed at Kofi and Maduni. Rehabilitation of 4 km of the 67 km of the north-eastern dam of the East Demerara Water Conservancy (EDWC) is on- going since August 2016. Works on this critical infrastructure to reduce the risk of flooding in the low-lying areas of East Demerara, including the Georgetown metropolitan area, are proceeding well, with good quality. However, the works have been affected by: (i) a six month delay in awarding the supervision contract due to a procurement complaint, which has since been resolved; and (ii) the discovery of seepage in the drain flanking the sea-ward side of the dam, which needed to be de-watered and infilled before works could proceed. Component 2: Institutional Strengthening for Flood Risk Reduction – The Construction Supervision and Quality Assurance Plan and Instrumentation Plan, as well as Operations Maintenance and Surveillance Plan, have been prepared and were used by NDIA to guide construction of the North-Eastern Dam of EDWC. Component 3: Project Management and Implementation Support – The Project Coordinator, the Project Engineer, and specialist staff, including social and environmental specialists, have been hired. Computers and other equipment have been purchased. The project is in compliance with all legal covenants, as well as Bank safeguards and fiduciary policies. There are no overdue audit reports and no unaddressed issues from audit reports. The proposed 12 month extension of the Credit closing date - from the current January 30, 2019 to January 30, 2020 - will enable the rehabilitation of 4 km of the north-eastern dam of EDWC to be completed and successfully achieve project objectives. This will be the first extension of the Credit closing date. Due to the strengthening of the US dollar against the Special Drawing Rights (SDRs), the original US dollar equivalent credit amount of US$11.89 million has been reduced to around US$10.24 million, i.e., a reduction of around US$1.65 million (13.8%). Currently, almost 100% of the remaining Credit funds have been committed (there is a small undisbursed amount of USD 162.67) and this shortfall will result in some outputs not being completed (e.g., preparation of the Emergency Preparedness Plan, hydraulic and hydrologic modelling and Rehabilitation of Existing Irrigation Structures). An additional financing to fill the financing gap is under consideration. III. DETAILED CHANGES The World Bank GY Flood Risk Management (P147250) LOAN CLOSING DATE(S) Original Revised Proposed Proposed Deadline Ln/Cr/Tf Status Closing Closing(s) Closing for Withdrawal Applications IDA-54740 Effective 31-Jan-2019 30-Jan-2020 30-May-2020