Public Disclosure Copy The World Bank Implementation Status & Results Report Rijeka Gateway II (P102365) Rijeka Gateway II (P102365) EUROPE AND CENTRAL ASIA | Croatia | Transport & Digital Development Global Practice | IBRD/IDA | Investment Project Financing | FY 2009 | Seq No: 20 | ARCHIVED on 26-Jun-2018 | ISR33112 | Implementing Agencies: Port of Rijeka Authority, Ministry of Finance, Port of Rijeka Authority Key Dates Key Project Dates Bank Approval Date:11-Dec-2008 Effectiveness Date:14-Jul-2009 Planned Mid Term Review Date:15-Dec-2011 Actual Mid-Term Review Date:15-Dec-2013 Original Closing Date:15-Dec-2014 Revised Closing Date:31-Dec-2018 Project Development Objectives Project Development Objective (from Project Appraisal Document) The overall project development objective is to develop the capacity, financial performance, and quality of services in the port ofRijeka to meet growing traffic demand, through public-private partnerships, while facilitating urban renewal by enabling therelocation of port activities. Has the Project Development Objective been changed since Board Approval of the Project Objective? Yes Board Approved Revised Project Development Objective (If project is formally restructured)PHRPDODEL The overall project development objective is to develop the capacity, financial performance, and quality of services in the port of Rijeka to meet growing traffic demand, through public-private partnerships. Components Name Port Terminal Development:(Cost $150.70 M) Port Service Enhancement:(Cost $8.10 M) Project Implementation (including front end fee and interests):(Cost $6.20 M) Overall Ratings Name Previous Rating Current Rating Progress towards achievement of PDO  Moderately Satisfactory  Moderately Satisfactory Overall Implementation Progress (IP)  Moderately Satisfactory  Moderately Satisfactory Overall Risk Rating  High  High 6/26/2018 Page 1 of 12 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Rijeka Gateway II (P102365) Implementation Status and Key Decisions Construction of the Zagreb Container Terminal (ZCT) is progressing well and is on track to be completed by end December 2018. Development of the Port Community System is underway. The consultancy on ZCT concession is expected to produce reports with recommendations in early 2018. Preparations for the Zagreb rail connection / Intermodal Rail yard construction, are completed. 6/26/2018 Page 2 of 12 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Rijeka Gateway II (P102365) 6/26/2018 Page 3 of 12 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Rijeka Gateway II (P102365) 6/26/2018 Page 4 of 12 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Rijeka Gateway II (P102365) 6/26/2018 Page 5 of 12 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Rijeka Gateway II (P102365) 6/26/2018 Page 6 of 12 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Rijeka Gateway II (P102365) Risks Systematic Operations Risk-rating Tool Risk Category Rating at Approval Previous Rating Current Rating 6/26/2018 Page 7 of 12 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Rijeka Gateway II (P102365) Political and Governance  --  Moderate  Moderate Macroeconomic  --  Moderate  Moderate Sector Strategies and Policies  --  Low  Low Technical Design of Project or Program  --  Moderate  Moderate Institutional Capacity for Implementation and Sustainability  --  Moderate  Moderate Fiduciary  --  Low  Low Environment and Social  --  Moderate  Moderate Stakeholders  --  Low  Low Other  --  High  High Overall  --  High  High Results Project Development Objective Indicators PHINDPDOTBL  Increased Rijeka port container capacity (kTEU) (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 150.00 400.00 400.00 750.00 Date 31-Dec-2007 06-Dec-2017 31-May-2018 31-Dec-2018 PHINDPDOTBL  Increased container traffic (kTEU) (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 145.00 243.00 243.00 300.00 Date 31-Dec-2007 06-Dec-2017 31-May-2018 31-Dec-2018 PHINDPDOTBL  Improved PRA operating ratio: ratio of operating expenses to total operating revenue (Text, Custom) 6/26/2018 Page 8 of 12 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Rijeka Gateway II (P102365) Baseline Actual (Previous) Actual (Current) End Target Value 153% 92% 92% 120% Date 31-Dec-2007 06-Dec-2017 31-May-2018 31-Dec-2018 PHINDPDOTBL  Reduced subsidies for interest as percentage of operating revenues (maximum) (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 46% 1% 1% 10% Date 31-Dec-2007 06-Dec-2017 31-May-2018 31-Dec-2018 PHINDPDOTBL  Increased container terminal efficiency (move per crane per hour) (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 18.00 22.00 22.00 22.00 Date 31-Dec-2007 06-Dec-2017 31-May-2018 31-Dec-2018 PHINDPDOTBL  Private Sector investments (USD million) (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 92.00 92.00 71.00 Date 31-Dec-2007 06-Dec-2017 31-May-2018 31-Dec-2018 PHINDPDOTBL  Portion of dry cargo port activities carried out by operators with a private majority ownership (Text, Custom) 6/26/2018 Page 9 of 12 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Rijeka Gateway II (P102365) Baseline Actual (Previous) Actual (Current) End Target Value 29% 71% 71% 65% Date 31-Dec-2007 06-Dec-2017 31-May-2018 31-Dec-2018 Overall Comments Intermediate Results Indicators PHINDIRITBL Port Terminal Development Component. Construction of Brajdica Container Terminal extension completed (2011) (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0% 100% 100% 100% Date 31-Dec-2007 31-Dec-2015 31-Dec-2015 15-Jun-2017 PHINDIRITBL  Construction of Zagreb Terminal infrastructure completed (2014) (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0% 75% 85% 100% Date 31-Dec-2007 06-Dec-2017 31-May-2018 31-Dec-2018 PHINDIRITBL  Signed concession agreements for at least two port terminals (2011) (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target 2 agreements based on cost Value 0.00 1.00 1.00 recovery principles Date 31-Dec-2007 06-Dec-2017 31-May-2018 31-Dec-2018 6/26/2018 Page 10 of 12 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Rijeka Gateway II (P102365) PHINDIRITBL  Development of port environmental protection plan (2010) (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target Value not available In place In place In place Date 31-Dec-2007 06-Dec-2017 31-May-2018 31-Dec-2018 PHINDIRITBL  Quality supervision of works (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target Value continuous satisfactory satisfactory satisfactory Date 31-Dec-2008 06-Dec-2017 31-May-2018 31-Dec-2018 Overall Comments Data on Financial Performance Disbursements (by loan) Project Loan/Credit/TF Status Currency Original Revised Cancelled Disbursed Undisbursed Disbursed P102365 IBRD-76380 Effective USD 122.50 122.50 0.00 82.45 18.66 82% Key Dates (by loan) Project Loan/Credit/TF Status Approval Date Signing Date Effectiveness Date Orig. Closing Date Rev. Closing Date P102365 IBRD-76380 Effective 11-Dec-2008 17-Apr-2009 14-Jul-2009 15-Dec-2014 31-Dec-2018 Cumulative Disbursements 6/26/2018 Page 11 of 12 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Rijeka Gateway II (P102365) Restructuring History Level 2 Approved on 29-Jan-2014 ,Level 2 Approved on 09-Jul-2016 ,Level 1 Approved on 31-May-2017 Related Project(s) There are no related projects. 6/26/2018 Page 12 of 12 Public Disclosure Copy