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Public Disclosure Authorized Public Disclosure Authorized ARGENTINA Buenos Aires Urban Transport Project Public Disclosure Authorized Report No. 113664 MARCH 27, 2017 Public Disclosure Authorized © 2017 International Bank for Reconstruction This work is a product of the staff of The World RIGHTS AND PERMISSIONS and Development / The World Bank Bank with external contributions. The findings, The material in this work is subject to copyright. 1818 H Street NW interpretations, and conclusions expressed in Because The World Bank encourages Washington DC 20433 this work do not necessarily reflect the views of dissemination of its knowledge, this work may be Telephone: 202-473-1000 The World Bank, its Board of Executive reproduced, in whole or in part, for Internet: www.worldbank.org Directors, or the governments they represent. noncommercial purposes as long as full attribution to this work is given. Attribution—Please cite the work as follows: The World Bank does not guarantee the World Bank. 2017. Project Performance accuracy of the data included in this work. The Any queries on rights and licenses, including Assessment Report: Argentina - Buenos Aires boundaries, colors, denominations, and other subsidiary rights, should be addressed to information shown on any map in this work do World Bank Publications, The World Bank Urban Transport Project. Washington, DC: World Bank. not imply any judgment on the part of The Group, 1818 H Street NW, Washington, DC World Bank concerning the legal status of any 20433, USA; fax: 202-522-2625; e-mail: territory or the endorsement or acceptance of [email protected]. such boundaries. Report No.: 113664 PROJECT PERFORMANCE ASSESSMENT REPORT ARGENTINA BUENOS AIRES URBAN TRANSPORT PROJECT (IBRD-4163, IBRD-7442) Financial, Private Sector, and Sustainable Development Independent Evaluation Group ii Currency Equivalents (January 1) Currency Unit = AR Peso (Arg$) 1997 US$1.00 Arg$1.0 2011 US$1.00 Arg$4.0 2017 US$1.00 Arg$15.9 All dollar amounts are U.S. dollars unless otherwise indicated. Abbreviations and Acronyms AF additional financing (loan) AMBA Área Metropolitana Buenos Aires CAF Development Bank of Latin America GDP gross domestic product IDB Inter-American Development Bank IEG Independent Evaluation Group MTA Metropolitan Transport Agency for Buenos Aires PIU project implementation unit PLATAMBA Buenos Aires Metropolitan Area Planning Group PPAR Project Performance Assessment Report PTUBA Buenos Aires Urban Transport Project PTUMA Metropolitan Areas Urban Transport Project UEC Central Implementing Unit (Unidad Ejecutora Central) Fiscal Year Government: January 1 – December 31 Director-General, Independent Evaluation: Caroline Heider Director, IEG Financial, Private Sector, and Sustainable Development: José Carbajo Martínez Manager, IEG Sustainable Development: Midori Makino Task Manager: Victoria Alexeeva iii Contents Principal Ratings ................................................................................................................. v Key Staff Responsible......................................................................................................... v Preface............................................................................................................................... vii Summary .......................................................................................................................... viii Background and Context................................................................................................. 1 Country Background ....................................................................................................... 1 Urban Transport in Buenos Aires and Other Cities in Argentina ............................... 1 World Bank Group Support of Urban Transport in Argentina ................................... 2 Project Objectives, Design, and Their Relevance ........................................................... 3 Objectives ....................................................................................................................... 3 Relevance of Objectives ................................................................................................. 3 Design ............................................................................................................................. 4 Relevance of Design ....................................................................................................... 5 3. Implementation ............................................................................................................... 6 Project Financing and Key Dates .................................................................................... 6 Implementation Experience ............................................................................................ 6 Safeguards Compliance .................................................................................................. 7 Financial Management and Procurement........................................................................ 8 Achievement of the Objectives ....................................................................................... 8 Objective 1: To support joint private sector–public sector initiatives to improve the service quality and coverage of mass transit in metropolitan Buenos Aires. .............................. 8 Objective 2: Support the carrying out of the infrastructure improvement obligations assumed by private concessionaires with respect to the metropolitan passenger rail system in Buenos Aires. ............................................................................................................ 11 Objective 3: Assist in improving traffic safety in metropolitan Buenos Aires. ............ 12 Objective 4: Assist in improving urban transport–related environmental quality in metropolitan Buenos Aires. .......................................................................................... 14 Objective 5: Contribute toward the development of an integrated urban transport (road and rail) system for metropolitan Buenos Aires. ................................................................. 15 Objective 6: To assist Argentina in developing integrated urban transport strategies in the country’s largest metropolitan areas. ............................................................................ 17 This report was prepared by Victoria Alexeeva, who assessed the project in October 2016. The report was peer reviewed by Georges Darido and panel reviewed by Peter Freeman. Richard Kraus provided administrative support. iv Efficiency ...................................................................................................................... 19 Economic Analysis ....................................................................................................... 19 Operational and Administrative Inefficiencies ............................................................. 19 Ratings .......................................................................................................................... 20 Outcome ........................................................................................................................ 20 Risk to Development Outcome ..................................................................................... 20 World Bank Performance ............................................................................................. 21 Borrower Performance .................................................................................................. 22 Monitoring and Evaluation ........................................................................................... 23 Lessons .......................................................................................................................... 24 References ......................................................................................................................... 24 Figures Figure 4.1 Government Subsidy for Buenos Aires Subway Operating Costs, 1994–201511 Figure 4.2 . Number of Fatalities on the Buenos Aires Suburban Rail, 2005–15 ............ 14 Tables Table 4.1. Service Quality Indicators and Ridership on Buenos Aires Subway, 1997–201610 Table 4.2. Service Quality Indicators and Ridership on Urquiza Suburban Line, 1997–2016 ........................................................................................................................................... 11 Table 4.3. Road/Rail Grade Separations on Suburban Rail Constructed under the Project13 Appendixes Appendix A. Basic Data Sheet.......................................................................................... 27 Appendix B. Detailed Project Design ............................................................................... 28 Appendix C. List of Persons Met ...................................................................................... 30 v Principal Ratings ICR* ICR Review* PPAR Outcome Moderately Moderately Moderately satisfactory satisfactory satisfactory Risk to Significant Significant Significant development outcome World Bank Moderately Moderately Moderately performance satisfactory satisfactory satisfactory Borrower Moderately Moderately Moderately performance satisfactory satisfactory satisfactory * The Implementation Completion and Results Report (ICR) is a self-evaluation by the responsible World Bank global practice. The ICR Review is an intermediate IEG product that seeks to independently validate