In its letter of September 7, 2012, the Government of Serbia requested the International Development Association (the Association) and the World Bank (the Bank) to consider the following changes: (a) a partial extension of the project closing date from September 30, 2012 until September 30, 2015 to allow for completion of activities under Project Part 1 (Environmental Management and Remediation; $30.9 million equivalent allocated from the Credit/Loan) and Project Part 3 (Project Implementation Support; $1.14 million equivalent allocated from the Loan), (b) reallocation to Project Part 1 of the remaining Loan proceeds from Project Part 2 (Socio-Economic Regeneration; $10.56 million equivalent originally allocated from the Loan) which will not continue. These requested changes require a comprehensive restructuring of the Project which could not be accomplished before the original Closing Date of September 30, 2012. It was for the purpose of these requested changes that the Projects Closing Date was initially extended with three months until December 31, 2012, to allow time for the related comprehensive restructuring. The closing date will now be extended from December 31, 2012 until March 31, 2013. The proposed extension is necessary to allow for the comprehensive project restructuring that is required to incorporate the proposed changes to the Project as requested by the Government of Serbia. This will be the second extension of the project and would represent a cumulative extension of six months from the original Closing Date. There are no outstanding audits under the Project.
Detalhes
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Data do documento
2012/12/19
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TIpo de documento
Documento do projeto
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No. do relatório
74406
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Nº do volume
1
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Total Volume(s)
2
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País
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Região
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Data de divulgação
2012/12/27
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Disclosure Status
Disclosed
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Nome do documento
Main report
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Palavras-chave
mining and mineral;business development service;number of beneficiaries;existing business;temporary employment program;labor redeployment program;expressions of interest;suspension of disbursement;source of pollution;dam safety aspect;disposal area;local capacity;unemployed population;project effectiveness;financial crisis;local landscape;local market;redundant worker;bidder complaint;evaluation process;evaluation committee;procurement administration;efficient coordination;commercial purpose;mining concession;authorization requirement;safe discharge;work contracts;river water;copper mining;tailings facility;ratification process;copper smelter;project approval;potential investor;water collector;winning bidder;restructuring process;loan proceeds;privatization process;unemployed people;financing arrangement;copper smelting;Job Creation;site remediation;reconstruction work;Employment Services;market condition;microfinance program;
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