Armenia Water Sector Tariff Study” February 2015
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Public Disclosure Authorized Public Disclosure Authorized ARMENIA Municipal Water Project Public Disclosure Authorized Report No. 127226 JUNE 29, 2018 Public Disclosure Authorized © 2018 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. 2018. Armenia—Municipal Water accuracy of the data included in this work. The Any queries on rights and licenses, including Project. Independent Evaluation Group, Project boundaries, colors, denominations, and other subsidiary rights, should be addressed to Performance Assessment Report 127226 information shown on any map in this work do World Bank Publications, The World Bank 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.: 127226 PROJECT PERFORMANCE ASSESSMENT REPORT ARMENIA MUNICIPAL WATER PROJECT (IBRD-81290) June 29, 2018 Financial, Private Sector, and Sustainable Development Independent Evaluation Group ii Currency Equivalent (Exchange rate effective June 30, 2015) Currency Unit = Armenian Dram Dram 1 = US$0.002111 Dram 482.82 = US$1.00 Abbreviations and Acronyms ADB Asian Development Bank AWSC Armenia Water and Sanitation Company CAS Country Assistance Strategy CMU Contract Monitoring Unit CPS Country Partnership Strategy EBRD European Bank for Reconstruction and Development EMC enhanced management contract IDA International Development Association ISR Implementation Supervision and Results Report KfW Kreditanstalt fur Wiederaufbau MDP Municipal Development Project MWP Municipal Water Project MWWP Municipal Water and Wastewater Project NRW non-revenue water PAD Project Appraisal Document PDO project development objective PIE project implementing entity PIU Project Implementation Unit PPP public-private partnership PPIAF Public-Private Infrastructure Advisory Facility PSRC Public Services Regulatory Committee SCWE State Committee for Water Economy WSS water supply and sanitation YWSC Yerevan Water and Sanitation Company YWWP Yerevan Water and Wastewater Project Fiscal Year January 1 – December 31 Director-General, Independent Evaluation : Ms. Caroline Heider Director, IEG Financial, Private Sector Sustainable Development : Mr. José Carbajo Martínez Manager, IEG Sustainable Development : Ms. Midori Makino Task Manager : Ms. Maria-Elena Pinglo iii Contents Principal Ratings ....................................................................................................................... v Key Staff Responsible ............................................................................................................... v Preface ..................................................................................................................................... vii Summary ................................................................................................................................ viii 1. Background and Context................................................................................................... 1 2. Objective, Design, and their Relevance ............................................................................ 2 Objective ............................................................................................................................... 2 Relevance of Objective ......................................................................................................... 3 Relevance of Design ............................................................................................................. 4 3. Implementation ................................................................................................................. 6 Institutional Framework ........................................................................................................ 6 Implementation Experience .................................................................................................. 6 Safeguards Compliance ........................................................................................................ 8 Financial Management and Procurement .............................................................................. 9 4. Achievement of the Objective .......................................................................................... 9 Assessment of Sector-Level Results ..................................................................................... 9 Project-Level Achievements of the MWP .......................................................................... 12 Improving Sector Sustainability ......................................................................................... 14 5. Efficiency ........................................................................................................................ 17 6. Ratings ............................................................................................................................ 18 Outcome .............................................................................................................................. 18 Risk to Development Outcome ........................................................................................... 18 World Bank Performance ................................................................................................... 19 Borrower Performance ........................................................................................................ 20 7. Lessons ............................................................................................................................ 22 8. References ....................................................................................................................... 22 Table Table 3.1. Planned versus Actual Expenditure, by Component ......................................... 7 This report was prepared by Joseph W.B. Bredie (Consultant), who assessed the project in March 2018. The Consultant was supervised by Maria Elena Pinglo (TTL). The report was peer reviewed by Carlos Velez and panel reviewed by Fernando Manibog. Romayne D. Pereira provided administrative support. iv Box Box 4.1. Findings and Recommendations from the “Armenia Water Sector Tariff Study” February 2015. The World Bank, PPIAF ......................................................................... 16 Appendixes Appendix A. Basic Data Sheet .......................................................................................... 24 Appendix B. List of Persons Met during IEG Mission ..................................................... 26 Appendix C. Results from the Expert Opinion Survey ..................................................... 27 Appendix D. Armenia’s Experience with Water Public-Private Partnerships (2000-2017)43 Appendix E. Borrower Comments .................................................................................... 45 v Principal Ratings ICR* ICR Review* PPAR Outcome Moderately Satisfactory Moderately Satisfactory Moderately Satisfactory Risk to High High High Development Outcome World Bank Moderately Satisfactory Moderately Satisfactory Moderately Satisfactory Performance Borrower Moderately Satisfactory Moderately Satisfactory Moderately Satisfactory Performance * The Implementation Completion and Results (ICR) report is a self-evaluation by the responsible World Bank department. The ICR Review is an intermediate Independent Evaluation Group product that seeks to independently verify the findings of the ICR. Key Staff Responsible Project Task Manager/Leader Practice Director Country Director Appraisal Ahmed A.R. Laszlo Lovei Pier Asad Alam Eiweida/Zahuri Tokhmakhian Completion Anna Cestari/Zaruhi Dina Umali-Deininger Mercy Tembon Tokhmakhian vi IEG Mission: Improving World Bank Group development results through excellence in independent evaluation. About this Report The Independent Evaluation Group (IEG) assesses the programs and activities of the World Bank for two purposes: first, to ensure the integrity of the World Bank’s self-evaluation process and to verify that the World Bank’s work is producing the expected results, and second, to help develop improved directions, policies, and procedures through the dissemination of lessons drawn from experience. As part of this work, IEG annually assesses 20-25 percent of the World Bank’s lending operations through field work. In selecting operations for assessment, preference is given to those that are innovative, large, or complex; those that are relevant to upcoming studies or country evaluations; those for which Executive Directors or World Bank management have requested assessments; and those that are likely to generate important