The World Bank West Africa Regional Fisheries Program in Liberia - ACGF (P159912) REPORT NO.: RES29208 RESTRUCTURING PAPER ON A PROPOSED PROJECT RESTRUCTURING OF WEST AFRICA REGIONAL FISHERIES PROGRAM IN LIBERIA - ACGF APPROVED ON SEPTEMBER 30, 2016 TO MINISTRY OF FINANCE AND DEVELOPMENT PLANNING ENVIRONMENT & NATURAL RESOURCES AFRICA Regional Vice President: Makhtar Diop Country Director: Henry G. R. Kerali Senior Global Practice Director: Karin Erika Kemper Practice Manager/Manager: Magda Lovei Task Team Leader: Berengere P. C. Prince, Jingjie Chu, Sachiko Kondo The World Bank West Africa Regional Fisheries Program in Liberia - ACGF (P159912) ABBREVIATIONS AND ACRONYMS The World Bank West Africa Regional Fisheries Program in Liberia - ACGF (P159912) Note to Task Teams: The following sections are system generated and can only be edited online in the Portal. BASIC DATA Product Information Project ID Financing Instrument P159912 Investment Project Financing Original EA Category Current EA Category Approval Date Current Closing Date 30-Sep-2016 31-Aug-2017 Organizations Borrower Responsible Agency Ministry of Finance and Development Planning Ministry of Agriculture, Bureau of National Fisheries, Project Development Objective (PDO) Original PDO Complete key construction works at Mesurado Pier and Robertsport landing site. OPS_TABLE_PDO_CURRENTPDO Summary Status of Financing Net TF Approval Signing Effectiveness Closing Commitment Disbursed Undisbursed TF-A3199 30-Sep-2016 21-Nov-2016 21-Nov-2016 31-Aug-2017 4.20 3.30 .90 Policy Waiver(s) Does this restructuring trigger the need for any policy waiver(s)? No The World Bank West Africa Regional Fisheries Program in Liberia - ACGF (P159912) Note to Task Teams: End of system generated content, document is editable from here. I. PROJECT STATUS AND RATIONALE FOR RESTRUCTURING Note: Formatting instructions for this document. A. Project Status 1. The project has completed the Mesurado Pier construction. It is at the stage of final hand-over. The Bureau of National Fisheries (BNF) has developed a moving plan. Various certifications and logistics are under preparation. 2. Robersport landing site is nearly completed. The Community Center has been taken over by C.M.A. with offices operative and fully furnished. Gear Shop & Repair Center were completed and fishermen started to bring their gear to the shops. Sanitary fixtures have been installed everywhere. Ovens and the smokers are ready to be tested. Kru Town bridge was completed and the Community Centre rehabilitation is almost completed. The only thing remaining is the casting for the landing area, the access to the clinic. 3. Harper Coastal Station was completed and waiting for the final approval by the supervision consultant. B. Rational for Restructuring 4. The rational for this restructuring is because the cold storage will not be delivered before the project closing due to the delay of the contract with suppliers. Therefore, it needs to be taken out from the Grant Agreement. The World Bank West Africa Regional Fisheries Program in Liberia - ACGF (P159912) II. DESCRIPTION OF PROPOSED CHANGES Note: Formatting instructions for this document. B. Revision of Grant Agreement 1. Remove “cold storage” from the Grant Agreement (a) Due to the delay of the contract with the supplier, the cold storage will not be delivered within the project period, therefore, the Grant Agreement needs to be revised to take “the cold storage” out. Note to Task Teams: The following sections are system generated and can only be edited online in the Portal. I. SUMMARY OF CHANGES Changed Not Changed Reallocation between Disbursement Categories ✔ Other Change(s) ✔ Change in Implementing Agency ✔ Change in Project's Development Objectives ✔ Change in Results Framework ✔ Change in Components and Cost ✔ Change in Loan Closing Date(s) ✔ Cancellations Proposed ✔ Additional Financing Proposed ✔ Change in Disbursements Arrangements ✔ Change in Disbursement Estimates ✔ Change in Overall Risk Rating ✔ Change in Safeguard Policies Triggered ✔ The World Bank West Africa Regional Fisheries Program in Liberia - ACGF (P159912) Change of EA category ✔ Change in Legal Covenants ✔ Change in Institutional Arrangements ✔ Change in Financial Management ✔ Change in Procurement ✔ Change in Implementation Schedule ✔ IV. DETAILED CHANGE(S) OPS_DETAILEDCHANGES_REALLOCATION _TABLE REALLOCATION BETWEEN DISBURSEMENT CATEGORIES Financing % Current Allocation Actuals + Committed Proposed Allocation (Type Total) Current Proposed TF-A3199-001 | Currency: USD iLap Category Sequence No: 1 Current Expenditure Category: GDS,WKS,NCS,CS 4,200,000.00 2,799,580.74 4,200,000.00 100.00 100.00 Total 4,200,000.00 3,503,047.64 4,200,000.00 Note to Task Teams: End of system generated content, document is editable from here.