The World Bank Implementation Status & Results Report Khyber Pass Economic Corridor Project (P159577) Khyber Pass Economic Corridor Project (P159577) SOUTH ASIA | Pakistan | Transport Global Practice | IBRD/IDA | Investment Project Financing | FY 2018 | Seq No: 2 | ARCHIVED on 08-Apr-2019 | ISR36487 | Implementing Agencies: Islamic Republic of Pakistan (acting through Economic Affairs Division [EAD]), National Highways Authority (NHA) Key Dates Key Project Dates Bank Approval Date: 14-Jun-2018 Effectiveness Date: -- Planned Mid Term Review Date: -- Actual Mid-Term Review Date: -- Original Closing Date: 28-Jun-2024 Revised Closing Date: 28-Jun-2024 pdoTable Project Development Objectives Project Development Objective (from Project Appraisal Document) The PDO is to expand economic activity between Pakistan and Afghanistan by improving regional connectivity and promoting private sector development along the Khyber Pass corridor. Has the Project Development Objective been changed since Board Approval of the Project Objective? No Components Table Name I. Expressway Development:(Cost $402.75 M) II. Development of the Khyber Pass Economic Corridor:(Cost $75.00 M) III. Project Management:(Cost $5.00 M) Overall Ratings Name Previous Rating Current Rating Progress towards achievement of PDO Satisfactory Satisfactory Overall Implementation Progress (IP) Satisfactory Satisfactory Overall Risk Rating Substantial Substantial Implementation Status and Key Decisions The Board of Executive Directors of the World Bank has approved the International Development Association (IDA) credit of SDR 320.30 million (US$ 460.6 million equivalent) for the Khyber Pass Economic Corridor Project (KPEC) (Credit No. 6270-PK) on June 14, 2018. The project is pending effectiveness, as Government's internal approval process is underway. which is expected to be completed soon. 4/8/2019 Page 1 of 5 The World Bank Implementation Status & Results Report Khyber Pass Economic Corridor Project (P159577) Risks Systematic Operations Risk-rating Tool Risk Category Rating at Approval Previous Rating Current Rating Political and Governance Substantial Substantial Substantial Macroeconomic Substantial Substantial Substantial Sector Strategies and Policies Moderate Moderate Moderate Technical Design of Project or Program Substantial Substantial Substantial Institutional Capacity for Implementation and Sustainability Substantial Substantial Substantial Fiduciary Moderate Moderate Moderate Environment and Social Substantial Substantial Substantial Stakeholders Moderate Moderate Moderate Other Low Low Low Overall Substantial Substantial Substantial Results PDO Indicators by Objectives / Outcomes Expand economic activity between Pakistan and Afghanistan IN00686050 ►Reduction in travel time for heavy trucks (semi trailers) between Peshawar and Torkham (Minutes, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 120.00 120.00 120.00 72.00 Date 07-Mar-2018 01-Aug-2018 30-Mar-2019 29-Mar-2024 IN00686056 ►Reduction in time spent by commercial trucks (all types) crossing into Pakistan at Torkham (Hours, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 13.00 13.00 13.00 6.00 Date 07-Mar-2018 01-Aug-2018 30-Mar-2019 29-Mar-2024 IN00686057 ►Number of firms benefiting from investments in economic infrastructure financed by the project (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 500.00 Date 07-Mar-2018 01-Aug-2018 30-Mar-2019 29-Mar-2024 4/8/2019 Page 2 of 5 The World Bank Implementation Status & Results Report Khyber Pass Economic Corridor Project (P159577) IN00686058 Of which, 10 percent are women owned and/or managed firms (Number, Custom Breakdown) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 50.00 Date 07-Mar-2018 01-Aug-2018 30-Mar-2019 29-Mar-2024 IN00686059 ►Annual volume of cross border trade at Torkham border in both directions (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 100.00 100.00 100.00 120.00 Date 30-Jun-2018 01-Aug-2018 30-Mar-2019 29-Mar-2024 Intermediate Results Indicators by Components Component I: Expressway Development IN00686062 ►Reduction in fatal road accidents (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 10.00 Date 01-Jan-2018 01-Aug-2018 30-Mar-2019 30-Jun-2023 Component II: Development of the Khyber Pass Economic Corridor IN00686060 ►Kilometers of developed or upgraded secondary roads connecting to the Peshawar Torkham Expressway (Kilometers, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 40.00 Date 01-Jan-2018 01-Aug-2018 30-Mar-2019 29-Mar-2024 IN00686063 ►Master plan completed for the Western Greater Peshawar region (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 1.00 Date 01-Jan-2018 01-Aug-2018 30-Mar-2019 15-Apr-2020 IN00686064 ►Transportation terminals constructed (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 2.00 4/8/2019 Page 3 of 5 The World Bank Implementation Status & Results Report Khyber Pass Economic Corridor Project (P159577) Date 01-Jan-2018 01-Aug-2018 30-Mar-2019 29-Mar-2024 Components I and II IN00686061 ►Grievances responded and/or resolved within the stipulated service standards of response times (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 100.00 Date 15-Aug-2018 01-Aug-2018 30-Mar-2019 29-Mar-2024 Overall Comments IR The project is yet to be declared effective as Government's internal approval process is yet to be completed, hence physical activities have not commenced. Data on Financial Performance Disbursements (by loan) Project Loan/Credit/TF Status Currency Original Revised Cancelled Disbursed Undisbursed % Disbursed Not P159577 IDA-62700 USD 460.60 460.60 0.00 0.00 451.90 0% Effective Key Dates (by loan) Project Loan/Credit/TF Status Approval Date Signing Date Effectiveness Date Orig. Closing Date Rev. Closing Date Not P159577 IDA-62700 14-Jun-2018 -- -- 28-Jun-2024 28-Jun-2024 Effective Cumulative Disbursements 4/8/2019 Page 4 of 5 The World Bank Implementation Status & Results Report Khyber Pass Economic Corridor Project (P159577) Restructuring History There has been no restructuring to date. Related Project(s) There are no related projects. 4/8/2019 Page 5 of 5