DOCSLIB.ORG

World Bank Document

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
World Bank Document OFFICIAL , 8 (0 'A DOCUMENTS The World Bank New Delhi Office Telephone: 24617241/24619491 INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT 70 Lodi Estate Mailing Address: P.0 Box 416 INTERNATIONAL DEVELOPMENT ASSOCIATION New Delhi - 110 003 India Public Disclosure Authorized May 23, 2016 Mr. Raj Kumar Joint Secretary (MI) Department of Economic Affairs Ministry of Finance Government of India North Block New Delhi 110 001 Dear Sir: Public Disclosure Authorized INDIA: Second Karnataka State Highway Improvement Project (Loan No. 8022-IN) Amendment to the Loan Agreement We refer to the Loan Agreement dated May 30, 2011 between India (the "Borrower") and the International Bank for Reconstruction and Development (the "Bank") (the "Loan Agreement"); the Project Agreement between the Bank and the State of Karnataka of the same date (the "Project Agreement"); and the supplemental letter of the same date from the Borrower to the Bank regarding the results framework and monitoring indicators, agreed further to the Loan Agreement (the "Supplemental Letter"), all for the Second Karnataka State Highway Improvement Project (the "Project"). We also refer to your letter dated April 26, 2016 requesting a restructuring of the Project involving amendments to the Loan Agreement and the Project Agreement to facilitate Public Disclosure Authorized implementation of the Project. We are pleased to inform you that after due consideration, the Bank has agreed with your request and hereby proposes to amend the Loan Agreement as follows: (A) The table in Section IV.A.2 of Schedule 2 is amended to read as set out in Attachment I to this amendment letter. (B) Section IV.B.2 of Schedule 2 is amended to read as follows: "2. The Closing Date is December 28, 2018." The attachment to the Supplemental Letter regarding Results Framework and Monitoring Indicators agreed further to Section II.A of Schedule 2 to the Loan Agreement, is revised to read Public Disclosure Authorized as set forth in Attachment 2 hereto. HeadquarterC Washington DC LJ USA Mr. Raj Kumar -2- May 23, 2016 Except as specifically amended hereby, all other provisions of the Loan Agreement shall remain in full force and effect. The Project Agreement is similarly being amended as reflected in an amendment letter to the Project Agreement of even date. Please confirm your agreement to the foregoing by signing and dating the form of confirmation set forth below, and returning one fully countersigned original of this letter to us. Upon receipt by the Bank of: (i) a duly countersigned original of this amendment letter by the authorized representative of the Borrower; and (ii) a duly countersigned original of the amendment letter to the Project Agreement by the authorized representative of the State of Karnataka, this amendment letter shall become effective as of the date of the last countersignature of the above two amendment letters (except for the provision related to the extension of the Closing Date under paragraph (B) above, which becomes effective upon dispatch of this amendment letter). Yours sincerely, Michael Haney Acting Country Director, India CONFIRMED: INDIA By: Name:_____ Title: TOrNT SECRETA01 Date: 01- O7 - o Encl. Mr. Raj Kumar -3- May 23, 2016 cc: Mr. Subhash Chandra Garg, Executive Director, The World Bank Mr. Neeraj Mittal, Sr. Advisor to Executive Director, The World Bank Department of Economic Affairs, Ministry of Finance, Government of India Mr. Bhaskar Dasgupta, Director, MI Division Mr. S. G. Dastidar, CAA &A, DEA, Ministry of Finance, New Delhi Ministry of Road Transport and Highways, New Delhi Mr. D. 0. Tawade, Chief Engineer (Coordinator II) Government of Karnataka Mr. M. R. Kamble, Principal Secretary, Public Works Department Mr. I. S. N. Prasad, Principal Secretary, Finance Department Mr. Manivannan. P, Chief Project Officer, KSHIP Project Implementation Unit Mr. K. S. Krishna Reddy, MD, Karnataka Road Development Corporation Ltd. Mr. Tyagaraja, Project Director, KSHIP Project Implementation Unit ATTACHMENT 1 Revised Withdrawal Table under Section IV.A.2 of Schedule 2 to the Loan Agreement Amount of the Loan Percentage of Expenditures to Allocated be financed Category (expressed in USD) (inclusive of Taxes) (1) Consultants' services, 27,520,000 80% training, studies, Incremental Operating Costs under Parts A.1, A.2, C, and D of the Project (2) Consultants' services, 4,255,000 80% training, studies, Incremental Operating Costs under Parts B.1, B.2, and B.3 of the Project (3) Goods and works under Parts 225,940,000 80% A.1, C, and D of the Project (4) Goods and works under Part 57,720,000 100% A.2 of the Project (5) Goods and works under Part 33,690,000 100% B.2 of the Project (6) Front-end Fee 875,000 Amount payable pursuant to Section 2.03 of this Agreement in accordance with Section 2.07(b) of the General Conditions (7) Premium for Interest Rate 0 Amount payable pursuant to Cap or Interest Rate Collar Section 2.07(c) of this Agreement and Section 4.05(c) of the General Conditions TOTAL AMOUNT 350,000,000 ATTACHMENT 2 INDIA: Second Karnataka State Highway Improvement Project Annex 1: Revised Results Framework and Monitoring Project Development Objective (PDO): To accelerate the development of the Core Road Network through leveraging public sector outlays with private sector financing, and improving the institutional effectiveness of the road sector agencies to deliver effective and safe roads to users. Cumulative Target Values** Respon Description Unit_of Data sibility (indicator definition Level Results Unit of Freque Source/ for etc.) PDO oE Measur Baseline Indicators* e YR I YR 2 YR3 YR 4 YR5 YR6 YR7 ncy Method Data ology Collecti on Achievement by GOK US$ 200.00 200.00 400 Every PWD PWD, The indicator will in generating at least milli (Currently (KRDC (KRDC two Annual KRDCL measure private sector US$400 million in on raised by LKSHI L + years Report, debt and equity raised new private sector KRDCL) P 11) KSHIP KRDCL as part of the capital for CRN 11) Annual DBFOMT concession improvement and Report and by KRDCL as management by end- part of the co- of-project (EOP). financing, and by KRDCL on its own through parallel transactions. 15 percent reduction US$ VOC: VOC: When Asset PWD Will measure the in Vehicle Operating per US$0.26 US$0.2 the road Manage impact of the project Costs and 25 percent vehic TT: 0 construc ment on road users reduction in Travel le- US$0.074 TT: tion is Unit Time Cost on project Kms US$0.0 complet corridors by EOP 6 ed 30 percent reduction Num 30 (on 30 27 21 Every M&E PWD Will measure ability in road-accident ber Belgaum two Report of the project to show related fatalities on of to years on safe measureable results on safe corridor pilots by fatali Hungund corridor road safety EOP. ties corridor)* s pilot per year Roads in good and Km 50% 50% 65% Every Asset PWD Will measure fair condition as a (%) two Manage expansion of road share of total years ment quality and expansion classified roads Unit in the state INTERMEDIATE RESULTS Intermediate Result (Component One): Road Improvement Component Roads Constructed, Km 0 1198 Every Project PWD V non-rural Year Progress Report Completion of Km / Contracts 100 269 534 Every Project PWD upgrading and Procure awarded kms km Year Progress widening of about ment road road Report constr km. through mileston constr 534 es. uction uction item-rate contracts substa comple ntially ted compi eted Completion of Km,/ RFQ Devel 301 O&M Every Project PWD upgrading, widening Procure issued opers Km phase Year Progress of about 301 km. ment hired Constr started Report mileston uction through DBFOMT es COMPI (Annuity) eted Concessions Land acquisition Percenta 0% 100% Every Project PWD/KR and resettlement ge Year Progress DCL Implementation Report (a) Land acquisition completed Land acquisition Percenta 0% 100% Every Project PWD/KR and resettlement ge Year Progress DCL Implementation Report (b) Key R&R assistance provided (alternative housing and livelihood support) Land acquisition Percenta 0% 80% Twice in R&R PWD/KR DCL and resettlement ge the Impact Implementation L (c) Improve the project Assessme living standards period nt Report (measured percent PAFs with increased/restore d income in real terms Environmental Every Project PWD Management Year Progress Report Implementation No. O As of EMP as award PIU(HQ I field agreed. 0 ed ) division (b) ISO 14001 certified certified certification obtained for operational units I _ _ I I I I_I Intermediate Result (Component Two): Highway Financing Modernization Component KRDCL KRDCL generates Passing KRDC Tolling Every Project additional road user of L started on Year Progress Report revenues and commits Policy Tolling etor eeed them for mobilizing and Policy develo debt financing (via Instituti ps PPP securitization) and/or onal transac making payments for Action tion PPP transactions backed by toll revenu es Project KRDCL Completion of Km / Screening DPR Co- Construct Every upgrading, widening commenc complet financi ion Year Progress Report and 0 & M of 363 km Procure ed ed; and ng Complete . ment Transac arrange d through co-financig mileston tion ment arrangements es Adviser establis engage hed, d Intermediate Result (Component Three): Road Safety Improvement Component Policy Lead Consul Multi- Multi- Miimu Every M&E PWD/ and Agency tant sector sector m 3 star Year Report Road Instituti Established service interv interve rating on Safe Safety achieved Corridors Cell onal . pilot s ention ntion Effective Pilot procur imple comple through implementation of Actions corridor Safemeio Plot identified ed me ted iRAP Safe Corridor Pilot mentat investigat Annual ion ion Report of started Road safety Cell Intermediate Result (Component Four): Road Sector Policy and Institutional Development Component Policy IDSAP and Key Studie Assessme and GAAP consult s nt of ant Compl IDSAP Satisfactory Instituti Endorsed implementation of ctons services eted: AAP agreed Action Plan d and results for institutional Reco made development and mmen governance ded improvement action s taken.
Load more

Recommended publications
  • World Bank Document
    The World Bank New Delhi Office Phone: +911141479301/+911149247601 INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT 70 Lodi Estate Mailing Address: P.O. INTERNATIONAL Box 416 DEVELOPMENT ASSOCIATION New Delhi - 110 003 OFF IlAL OFFICIALJune 12, 2017 DOCUMENTS Public Disclosure Authorized Mr. Raj Kumar Joint Secretary (Multilateral Institutions) Department of Economic Affairs Ministry of Finance Government of India Room No 40-B, North Block New Delhi - 110001 Dear Mr. Kumar: Re: India: National Ganga River Basin Project (Credit No.4955-IN and Loan No.8065-IN) Reallocation of Loan/Financing Proceeds Public Disclosure Authorized Pursuant to your letter dated January 17, 2017 requesting us to reallocate the proceeds of the above-referenced Loan and Financing, I am pleased to inform you that the International Bank for Reconstruction and Development (the Bank) and International Development Association (the Association) concur with your request. Accordingly, the Bank and the Association hereby reallocate the proceeds of the Loan and Financing allocated in the table in Section IV of the Financing Agreement between the Government of India and the Association dated June 14, 2011, as set out in the attachment to this letter. Please confirm your agreement to the foregoing by signing the form of confirmation set forth below, and returning one fully executed original of this letter to us and retaining one original for your records. This letter shall become effective as of the date of the countersignature upon receipt by the Association/Bank of a duly countersigned original of this letter. Public Disclosure Authorized Sincerely, INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT INTERNATIONAL DEVELOPMENT ASSOCIATION Junaid Kamal Ahmad Country Director, India South Asia Region AGREED INDIA By: Public Disclosure Authorized Name: R________ /joint Secre!t Title: /Ministry of Fina T Y"/Govt.
    [Show full text]
  • Fuel Subsidy Reform in Developing Countries: Direct Benefit Transfer of LPG Cooking Gas Subsidy in India
    Fuel Subsidy Reform in Developing Countries: Direct Benefit Transfer of LPG Cooking Gas Subsidy in India Neeraj Mittal, Anit Mukherjee, and Alan Gelb* Abstract As shown by international experience, efforts to reform energy subsidies have a mixed record of success. This paper provides a detailed picture of the India’s reform of household subsidies for the purchase of LPG cooking gas—the largest cash transfer program in the world. From all available evidence the reform has been a success, both in reducing leakage and diversion of LPG to the commercial market and in improving the quality of service for legitimate beneficiaries. The paper documents the process of implementation, especially de-duplication of beneficiary lists, elimination of price subsidies by direct transfers to bank accounts, and the use of Aadhaar, India’s biometric ID program, to improve access to poor and rural beneficiaries, especially women. Lessons for other countries include: (i) clearly articulating reform objectives helps to build strong political support; (ii) capping consumption of subsidized cylinders together with removal of market price distortion reduces black marketing and improves quality of service delivery; (iii) information campaigns and social media can encourage self-targeting and “nudge” the wealthy to opt out of the subsidy; and (iv) using information technology and digital ID, or Aadhaar, eliminates duplicates and provides fiscal space to target subsidies and expand access to clean cooking fuel for poor rural households, especially women. Center for Global Development 2055 L Street NW Fifth Floor Washington DC 20036 * Neeraj Mittal, World Bank; Anit Mukherjee, Center for Global Development; Alan Gelb, Center for 202-416-4000 Global Development www.cgdev.org Neeraj Mittal, Anit Mukherjee, and Alan Gelb.
    [Show full text]
  • World Bank Document
    OFFICIAL 1r1 ~;1 & DOCUMENTS1r The World Bank 1818 H Street N.W. (202) 473-1000 INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT Washington, D.C. 20433 Cable Address: INTBAFRAD INTERNATIONAL DEVELOPMENT ASSOCIATION U.S.A. Cable Address: INDEVAS Public Disclosure Authorized Mr. Raj Kumar Joint Secretary (Ml) Department of Economic Affairs Ministry of Finance Government of India Room No. 40-B, North Block, New Delhi 110001 INDIA Amendment to the Trust Fund Administration Agreement and the Supplemental Public Disclosure Authorized Agreement between the Republic of India and the International Bank for Reconstruction and Development and the International Development Association concerning the Multi-Donor Trust Fund for the South-South Experience Exchange Between Practitioners (TF 071093) and Parallel Trust Fund No. TF072546 Dear Mr. Kumar, 1. We refer to the Trust Fund Administration Agreement between the Republic of India through its Ministry of Finance (the "Donor") and the International Bank for Public Disclosure Authorized Reconstruction and Development and the International Development Association (collectively, the "Bank") regarding the Multi-Donor Trust Fund for the South-South Experience Exchange Between Practitioners (the "Trust Fund") (TF 071093), effective as of January 20, 2010 (the "Administration Agreement") as amended and Parallel trust fund agreement effective as of March 8, 2016 (the "Supplemental Agreement"). 2. Pursuant to recent discussions between the Bank and the Donor, the Bank proposes to amend the Administration
    [Show full text]
  • World Bank Document
    NThe World Bank New Delhi Office Phone: +911141479301/+911149247601 INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT 70 Lodi Estate Mailing Address: P.O. Box 416 INTERNATIONAL DEVELOPMENT ASSOCIATION New Delhi - 110 003 India OFFICIAL March 31, 2017 DOCUMENTS Mr. Raj Kumar Joint Secretary (MI) Public Disclosure Authorized Department of Economic Affairs Ministry of Finance Government of India Room No 40-B, North Block New Delhi - 110001 Dear Mr. Kumar: India: ICDS Systems Strengthening and Nutrition Improvement Project Credit Number 5150-IN Amendment to the Amended and Restated Financing Agreement Public Disclosure Authorized We refer to the Amended and Restated Financing Agreement dated September 29, 2015 between India ("Recipient") and the International Development Association ("Association") (-Agreement") for the financing of the ICDS Systems Strengthening and Nutrition Improvement Project ("Project"). We also refer to the letter dated January 30, 2017 from the Department of Economic Affairs to the Association requesting a restructuring of the Project. We are pleased to inform you that after due consideration, the Association has agreed with your request and hereby proposes to amend the Agreement as follows: (A) The table in Section IV.A.2 of Schedule 2 is amended to read as follows (emphasis added): Amount of the Percentage of Expenditures Public Disclosure Authorized Financing Allocated to be Financed Category (expressed in SDR) (inclusive of Taxes) (1) Goods, non-consulting services, consultants' services, training and 3,021,008 70% operating costs for Parts A. B and C of the Project (2) Goods, non-consulting services, consultants' services, training and 70% operating costs for Part D of the 1,662,983 _ Proect (3) Goods, non-consulting services, consultants' services, training and 0 Not Applicable Operating Costs for the Project (4) Eligible Expenditure Program 61,616,009 70% Public Disclosure Authorized (-EEP") under the Project TOTAL AMOUNT 66,300,000 eadqu a Washington LA 1- 7\ Mr.
    [Show full text]
  • Newsletter Edition II Message from the MD & CEO
    July 2020 Guidance Newsletter Edition II Message from the MD & CEO I am pleased to present the second edition of the Guidance The state has participated in various roadshows in foreign Newsletter with an objective to share our activities and countries and hosted international delegations in Tamil initiatives to attract and facilitate investments into Tamil Nadu. We have participated in investment promotion Nadu. Guidance is the nodal agency for investment activities, outreach at major events like Auto Expo, Defence promotion and facilitation, international engagements, Expo, CII@125 and conferences and roadshows including the partnerships and facilitate export promotion for Tamil Nadu. Diplomatic Outreach Event in partnership with the Ministry Guidance is driven by a young, vibrant, and committed team of External Affairs, Govt of India. Setting up of an exclusive to accelerate investment promotion and industrial International Relations Team and Regional Outreach Team development in Tamil Nadu. reflects our efforts to seek new investments in various districts of Tamil Nadu and focus on aftercare. Tamil Nadu is the choice of investors. It ranked 4th in cumulative FDI inflows into Indian states since April 2000. It I commend the stellar efforts of the young frontline team at also ranked 2nd in the N-SIPI index. It is the most urbanized Guidance in strengthening our domestic and international and industrialized state in the country, driven by an outreach. I thank our valued stakeholders in supporting entrepreneurial and skilled workforce. The state is a Guidance carry out its investment promotion and facilitation favourite to attract new investments consequent to the activities. realignment of global value chains.
    [Show full text]
  • October 4,2016 Mr. Shashi Shekhar Secretary Ministry of Water
    The World Bank New Delhi Office Phone: +911141479301/+911149247601 INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT 70 Lodi Estate Mailing Address: P.O. Box 416 INTERNATIONAL DEVELOPMENT ASSOCIATION New Delhi - 110 003 India October 4,2016 Mr. Shashi Shekhar Secretary Ministry of Water Resources, River Development and Ganga Rejuvenation Government of India Shram Shakti Bhawan Rafi Marg New Delhi - 110001 Dear Mr. Shekhar: INDIA: National Hydrology Project (P#152698) Project Appraisal Mission (August 1-5,2016) I would like to thank the Ministry of Water Resources, River Development and Ganga Rejuvenation (MoWR , RD&GR) and all concerned officials for the support extended to the W orId Bank appraisal mission for the National Hydrology Project (NHP) from August 1-5, 2016. Detailed discussions were held with central and state agencies grouped according to major river basins in Delhi and the wrap-up meeting was concluded under the chairmanship of Dr. Amarjit Singh, Officer on Special Duty, MoWR, RD&GR on August 5. The Aide Memoire summarizing the mission findings and the status of project preparation is attached. I am pleased to learn that full agreement was reached with the Government of India on all design elements of the project and the appraisal has been completed. Consequently, we would like to schedule project negotiations in the near future. While the readiness is reassuring, highlighted below for your attention are the key actions agreed to be undertaken in advance of negotiations which will also facilitate timely and smooth implementation:
    [Show full text]
  • World Bank Document
    jOFFMCIALL -/' The World Bank DOC Phone: +911141479301/+911149247601 INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT tlm = Mailing Address: P.0 Box 416 INTERNATIONAL DEVELOPMENT ASSOCIATION New DeIIW- 110 00i February 10, 2016 Mr. Raj Kunar Public Disclosure Authorized Joint Secretary (MI) Department of Economic Affairs Ministry of Finance Government of India Room 40B, North Block New Delhi Dear Mr. Kumar: India: West Bengal Accelerated Development of Minor Irrigation Project Loan No. IN-80900/' Partial Cancellation of Loan Proceeds We refer to the Loan Agreement ("Loan Agreement") between India ("Borrower") and the Public Disclosure Authorized International Bank for Reconstruction and Development ("World Bank"), dated December 21, 2011 for the West Bengal Accelerated Development of Minor Irrigation Project. We also refer to the Department of Economic Affair's letter dated January 27, 2016 whereby the Borrower requested the cancellation of an amount equal to US$95 million of the above- captioned Loan. In view of the foregoing, and in accordance with the provisions of Section 7.01 of the General Conditions of Loans applicable to the Loan Agreement, the World Bank hereby cancels an amount of the Loan equal to US$ 95,000,000 from Categories 1 and 2 of the Table shown in Section IV of Schedule 2 to the Loan Agreement. The disbursement table set forth in Section IV of Schedule 2 to the Loan Agreement is Public Disclosure Authorized accordingly revised to read as shown in the attachment to this letter. The commitment charges on the total amount cancelled cease to accrue from February 1, 2016. Yours sincerely, Onno Ruhl Country Director, India AGREED on behalf of INDIA: By: _____ q___ Public Disclosure Authorized Name: ,VTM 7EM---,Z/ HAJ K~UIVAR *"-erk /Joint Secretary Title: f 1 r /Ministry of Finance onth 14d f wttooptt.
    [Show full text]
  • World Bank Document
    OFFICIAL L go,) IA DOCUMENTS IThe World Bank New Delhi Office Telephone: 24617241/24619491 INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT 70 Lodi Estate Mailing Address: P.0 Box 416 INTERNATIONAL DEVELOPMENT ASSOCIATION New Delhi - 110 003 India May 23, 2016 Public Disclosure Authorized Mr. Arvind Jadhav Chief Secretary Government of Karnataka Vidhana Soudha Bangalore Karnataka, India Dear Sir: INDIA: Second Karnataka State High way Improvement Project (Loan No. 8022-IN) Amendment to the Project Agreement We refer to the Loan Agreement dated May 30, 2011 between India (the "Borrower") and the International Bank for Reconstruction and Development (the "Bank") Public Disclosure Authorized (the "Loan Agreement"); the Project Agreement between the Bank and the State of Karnataka ("Karnataka") of the same date (the "Project Agreement"); and the supplemental letter of the same date from Karnataka to the Bank regarding the results framework and monitoring indicators, agreed further to the Project Agreement (the "Supplemental Letter"), all for the Second Karnataka State Highway Improvement Project (the "Project"). We also refer to the letter from the Department of Economic Affairs, Ministry of Finance, Government of India dated April 26, 2016 requesting a restructuring of the Project involving amendments to the Loan Agreement and the Project Agreement to facilitate implementation of the Project. We are pleased to inform you that after due consideration, the Bank has agreed with the above request and hereby proposes to amend the Project Agreement as follows: Public Disclosure Authorized (A) Section 1.9 of the Schedule is amended to read as follows: "9. Karnataka shall. no later than December 31, 2017, fully operationalize its road asset management system to provide inputs to prioritize its road investment and management program." (B) Section 1.10 of the Schedule is amended to read as follows: "10.
    [Show full text]