Report and Recommendation of the President to the Board of Directors
Project Number: 51117-003 November 2020
Proposed Loans Republic of the Philippines: Epifanio de los Santos Avenue Greenways Project
Distribution of this document is restricted until it has been approved by the Board of Directors. Following such approval, ADB will disclose the document to the public in accordance with ADB's Access to Information Policy.
CURRENCY EQUIVALENTS (as of 1 November 2020)
Currency unit – peso/s (₱) ₱1.00 = $0.02059 $1.00 = ₱48.54
ABBREVIATIONS
ADB – Asian Development Bank AIF – ASEAN Infrastructure Fund ASEAN – Association of Southeast Asian Nations BBB – Build, Build, Build DOTr – Department of Transportation EDSA – Epifanio de los Santos Avenue EMP – environmental management plan GAP – gender action plan IPIF – Infrastructure Preparation and Innovation Facility LIBOR – London interbank offered rate LRT – Light Rail Transit MRT – Metro Rail Transit O&M – operation and maintenance PAM – project administration manual PMO – project management office PWD – person with disability
NOTE
In this report, “$” refers to United States dollars.
Vice-President Ahmed M. Saeed, Operations 2 Director General Ramesh Subramaniam, Southeast Asia Department (SERD) Directors Hiroaki Yamaguchi, Transport and Communications Division (SETC), SERD Kelly Bird, Country Director, Philippine Country Office (PhCO), SERD
Team leader Shuji Kimura, Senior Transport Specialist, SETC, SERD Team members Elah Marie Abangan, Project Analyst, SETC, SERD Ruby Alvarez, Senior Project Officer (Infrastructure), PhCO, SERD Cielo Añon, Senior Operations Assistant, SETC, SERD Elizabeth A.C. Burges-Sims, Senior Social Development Specialist (Gender and Development), Human and Social Development Division, SERD Mohammad Nazrul Islam, Transport Specialist, SETC, SERD Edwin Lara, Safeguards Officer (Environment), PhCO, SERD Yidan Luo, Young Professional, SETC, SERD Lila Mallory, Senior Procurement Specialist, Procurement Division 2, Procurement, Portfolio and Financial Management Department Anouj Metha, Principal Infrastructure Specialist, Office of the Director General, SERD Alain X. Morel, Principal Country Specialist, PhCO, SERD Takako Morita, Senior Counsel, Office of General Counsel Michiko Suga, Senior Social Development Specialist, SETC, SERD Gengwen Zhao, Transport Specialist, SETC, SERD Peer reviewer Andri Heriawan, Transport Specialist, Transport and Communications Division, South Asia Department
In preparing any country program or strategy, financing any project, or by making any designation of or reference to a particular territory or geographic area in this document, the Asian Development Bank does not intend to make any judgments as to the legal or other status of any territory or area.
CONTENTS
Page PROJECT AT A GLANCE MAP I. THE PROPOSAL 1 II. THE PROJECT 1 A. Rationale 1 B. Project Description 3 C. Value Added by ADB 3 D. Summary Cost Estimates and Financing Plan 4 E. Implementation Arrangements 5 III. DUE DILIGENCE 6 A. Technical 6 B. Economic and Financial Viability 7 C. Sustainability 7 D. Governance 7 E. Poverty, Social, and Gender 8 F. Safeguards 9 G. Summary of Risk Assessment and Risk Management Plan 10 IV. ASSURANCES 11 V. RECOMMENDATION 11
APPENDIXES 1. Design and Monitoring Framework 12 2. List of Linked Documents 14
Project Classification Information Status: Complete
PROJECT AT A GLANCE
1. Basic Data Project Number: 51117-003 Project Name Epifanio de los Santos Avenue Greenways Department/Division SERD/SETC Project Country Philippines Executing Agency Department of Borrower Republic of the Philippines Transportation
Country Economic https://www.adb.org/Documents/LinkedDocs/ Indicators ?id=51117-003-CEI Portfolio at a Glance https://www.adb.org/Documents/LinkedDocs/ ?id=51117-003-PortAtaGlance
2. Sector Subsector(s) ADB Financing ($ million) Transport Urban public transport 123.00 Total 123.00 3. Operational Priorities Climate Change Information Accelerating progress in gender equality GHG reductions (tons per annum) 886 Tackling climate change, building climate and disaster resilience, and Climate Change impact on the Low enhancing environmental sustainability Project Making cities more livable Strengthening governance and institutional capacity ADB Financing Adaptation ($ million) 0.00 Mitigation ($ million) 123.00
Cofinancing Adaptation ($ million) 0.00 Mitigation ($ million) 15.00 Sustainable Development Goals Gender Equity and Mainstreaming SDG 11.2 Effective gender mainstreaming (EGM) SDG 13.a Poverty Targeting Geographic Targeting 4. Risk Categorization: Low . 5. Safeguard Categorization Environment: B Involuntary Resettlement: B Indigenous Peoples: C
. 6. Financing Modality and Sources Amount ($ million) ADB 123.00 Sovereign Project (Regular Loan): Ordinary capital resources 123.00 Cofinancing 15.00 ASEAN Infrastructure Fund - Project loan (Full ADB Administration) 15.00 Counterpart 41.30 Government 41.30 Total 179.30
Currency of ADB Financing: US Dollar
Source: Asian Development Bank This document must only be generated in eOps. 09112020095129749061 Generated Date: 09-Nov-2020 11:06:11 AM Guiguinto Norzagaray Malolos City Balagtas Santa Maria