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China - Shanghai-Zhejiang Highway Project (Inglês)

Despite some shortcomings during implementation (such as misprocurement of the road safety program), project objectives were substantially met and achievement of the project objectives was assessed as satisfactory. It is likely that the benefits generated and those expected to be generated are sustainable over the life of the project. Overall World Bank and Borrower performances were rated satisfactory. Lessons learned included the following: The successful outcome was due to the stable partnership in the transport sector between Bank staff and the Borrower. The project team was well committed and proactive in dealing with all implementation issues. The Bank uses its procurement policy is an important instrument The Bank was forced to declare a misprocurement for the first phase of the Road Safety Program and cancel that part of the loan. The ensuing dialogue between the Bank and its development partners demonstrated the Bank's concerns about quality, and these concerns appear to have been well received. The factors affecting traffic flow patterns must be determined by a thorough study of the experience of the completed expressways. The results of such a study would provide strong basis for predicting traffic diversion rates. Such a study would be critical to improve the assessments of the economic and financial viability of new projects at appraisal. Establishing the Zhejiang Expressway Co. Ltd. to mobilize private capital through asset securitization was innovative.

Detalhes

  • Data do documento

    2002/03/21

  • TIpo de documento

    Conclusão da Implementação e Relatórios sobre Resultados

  • No. do relatório

    23517

  • Nº do volume

    1

  • Total Volume(s)

    1

  • País

    China,

  • Região

    Leste Asiático e Pacífico,

  • Data de divulgação

    2010/06/18

  • Disclosure Status

    Disclosed

  • Nome do documento

    China - Shanghai-Zhejiang Highway Project

  • Palavras-chave

    private sector participation in infrastructure;Land Acquisition and Resettlement;civil works;number of traffic accidents;Financial Cost of Capital;national trunk highway system;supply and installation;road safety program;quality at entry;motor vehicle traffic;environmental impact appraisal;institutional development impact;provision of equipment;vehicles per day;resettlement action plan;diversion of traffic;principal performance ratings;environmental action plan;condition of traffic;reduction in traffic;improved living standard;private sector financing;gross domestic product;additional road capacity;ratings of bank;vehicle operating cost;net present value;risk of accident;long-term debt financing;competitive bidding procedure;agriculture and industry;maintenance and repair;delay in procurement;sequence of events;national technical standards;initial public offering;capital mobilization;quality of infrastructure;procurement of equipment;quality of work;outputs by components;improvement of road;number of accidents;overseas training;project quality;borrower performance;construction supervision;overseas study;access road;project identification;high-grade highway;traffic engineering;accident rate;highway construction;water quality;discount rate;Technology Transfer;project costing;highway agency;traffic diversion;financial viability;work contracts;supervision system;train activity;private finance;financial obligation;highway administration;central laboratory;toll station;skill mix;grade separation;financial rate;equipment list;financial evaluation;external monitoring;variation order;engineering design;Traffic Monitoring;increasing rate;Safeguard Policies;safeguard policy;rural transportation infrastructure;consulting engineer;expressway construction;stock market;private capital;asset securitization;local funds;local municipality;market demand;transport demand;project construction;research facility;pavement management;price contingency;regional city;government control;market financing;private placement;income statement;testing program;foreign consultant;company operating;infrastructure financing;road maintenance;contractor claim;sustainability rating;project finance;power supply;construction work;contract provision;highway design;main road;transport investment;monitoring stations;site visits;contract management;soil erosion;up-to-date equipment;soil pollution;local economy;physical work;initial traffic;highway maintenance;working day;transportation corridor;social disruption;procurement program;good cooperation;construction quality;equipment purchase;construction schedule;appraisal mission;local financing;construction material;project administration;exclusive use;procurement delay;traffic infrastructure;transfer technology;toll free;housing quality;parallel road;socioeconomic conditions;resettlement activities;retirement age;residential area;institutional staff;positive impact;highway capacity;project effectiveness;internal monitoring;traffic bottleneck;toll level;financial analysis;loan beneficiary;weighted average;adequate supervision;institutional aspect;noise level;toll revenue;expressway network;pilot program;traffic projection;local expert;foreign investor;provincial road;project asset;private alternatives;adverse climate;income source;toll gate;domestic train;market condition;construction stage;technological progress;pump station;development target;sectoral reform;traffic surveillance;telecommunications system;toll system;working experience;lighting systems;international consultant;infrastructure service;procurement procedure;traffic condition;operational revenues;transport department;legal framework;Exchange Rates;asphalt pavement;guard rail;development partner;environmental training;organizational structure;independent agency;state planning;Procurement Policy;connecting road;local counterpart;road traffic;international shopping;primary author;local condition;Cash flow;limited resources;long-term commitment;software package

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