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World Bank Document Document of The World Bank FOR OFFICIAL USE ONLY Public Disclosure Authorized Report No: PAD1182 INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT PROJECT APPRAISAL DOCUMENT ON A Public Disclosure Authorized PROPOSED LOAN IN THE AMOUNT OF US$300 MILLION TO THE REPUBLIC OF PERU FOR A LIMA METRO LINE 2 PROJECT Public Disclosure Authorized July 20, 2015 Transport and ICT Global Practice Latin America and the Caribbean Region Public Disclosure Authorized This document has a restricted distribution and may be used by recipients only in the performance of their official duties. Its contents may not otherwise be disclosed without World Bank authorization. CURRENCY EQUIVALENTS (Exchange Rate Effective July 16, 2015) Currency Unit = PERUVIAN NUEVOS SOLES PEN 3.18 = US$1 US$ 0.31 = PEN 1 FISCAL YEAR January 1 – December 31 ABBREVIATIONS AND ACRONYMS AATE Autonomous Authority of Electric Mass Transit System of Lima and Callao AFD French Development Agency - Agence Française de Development BRT Bus Rapid Transit CAF Development Bank of Latin Amer. - Banco de Desarrollo de América Latina DGASA Directorate General on Socio-Environmental Matters of Ministry of Transport and Communications (Dirección General de Asuntos Socio-Ambientales) CPS Country Partnership Strategy DBOT Design-Build-Operate-Transfer EDI Definitive Engineering Studies - Estudios Definitivos de Ingeniería EIRR Economic Internal Rate of Return EIA Environmental Impact Assessment (including the Resettlement Policy Framework) ESMM Environmental and Social Management Manual FIRR Financial Internal Rate of Return FM Financial Management GDP Gross Domestic Product IADB Inter-American Development Bank IBRD International Bank for Reconstruction and Development INEI National Institute of Information and Statistics – Instituto Nacional de Estadística e Informática LMR Lima Metropolitan Region JICA Japan International Cooperation Agency KfW KfW Development Bank - KfW Bankengruppe MEF Ministry of Economy and Finance – Ministerio de la Economia y Finanzas MTC Ministry of Transport and Communication NMT Non-Motorized Transport NPV Net Present Value OSITRAN Supervising Body of Transport Infrastructure Public Investment PDO Project Development Objective Proinversion Agency for the Promotion of Private Investment in Peru SNIP Peru National Public Investment System – Sistema Nacional de Inversión Pública TOD Transit-Oriented Development i Regional Vice President: Jorge Familiar Country Director: Alberto Rodriguez Senior Global Practice Director: Pierre Guislain Practice Manager: Aurelio Menendez Task Team Leader: Georges Darido ii REPUBLIC OF PERU Lima Metro Line 2 TABLE OF CONTENTS Page I. STRATEGIC CONTEXT .................................................................................................1 A. Country Context ............................................................................................................ 1 B. Sectoral and Institutional Context ................................................................................. 2 C. Higher Level Objectives to which the Project Contributes .......................................... 4 II. PROJECT DEVELOPMENT OBJECTIVES ................................................................5 A. PDO............................................................................................................................... 5 B. Project Beneficiaries ..................................................................................................... 6 C. PDO Level Results Indicators ....................................................................................... 6 III. PROJECT DESCRIPTION ..............................................................................................6 A. Project Component ........................................................................................................ 6 B. Project Financing .......................................................................................................... 8 C. Lessons Learned and Reflected in the Project Design .................................................. 9 IV. IMPLEMENTATION .......................................................................................................9 A. Institutional and Implementation Arrangements .......................................................... 9 B. Results Monitoring and Evaluation ............................................................................ 10 C. Sustainability............................................................................................................... 10 V. KEY RISKS ......................................................................................................................11 A. Overall Risk Rating and Explanation of Key Risks .................................................... 11 VI. APPRAISAL SUMMARY ..............................................................................................11 A. Economic and Financial Analysis ............................................................................... 11 B. Technical ..................................................................................................................... 12 C. Financial Management ................................................................................................ 13 D. Procurement ................................................................................................................ 13 E. Social (including Safeguards) ..................................................................................... 14 F. Environment (including Safeguards) .......................................................................... 16 G. Grievance Redress ...................................................................................................... 17 iii Annex 1: Results Framework and Monitoring .........................................................................19 Annex 2: Detailed Project Description .......................................................................................22 Annex 3: Implementation Arrangements ..................................................................................40 Annex 4: Social and Environmental (including safeguards)....................................................49 Annex 5: Implementation Support Plan ....................................................................................57 Annex 6: Economic and Financial Analysis ..............................................................................60 Annex 7: Accessibility Analysis and the Potential Impact on Reducing Poverty and Boosting Shared Prosperity ........................................................................................................78 Annex 8: Maps of Lima’s Metro Network and Metro Line 2 Alignment ...............................91 iv . PAD DATA SHEET Peru Lima Metro Line 2 Project (P145610) PROJECT APPRAISAL DOCUMENT . LATIN AMERICA AND CARIBBEAN Transport and ICT Global Practice Report No.: PAD1182 . Basic Information Project ID EA Category Team Leader P145610 A - Full Assessment Georges Bianco Darido Lending Instrument Fragile and/or Capacity Constraints [ ] Investment Project Financing Financial Intermediaries [ ] Series of Projects [ ] Project Implementation Start Date Project Implementation End Date 31-May-2015 30-Jun-2021 Expected Effectiveness Date Expected Closing Date 30-Nov-2015 31-Dec-2021 Joint IFC Joint Level No Practice Senior Global Practice Country Director Regional Vice President Manager/Manager Director Pierre Guislain/Jose Luis Aurelio Menendez Alberto Rodriguez Jorge Familiar Irigoyen . Borrower: Republic of Peru Responsible Agency: Ministry of Transport and Communications (MTC) Contact: Raúl Garcia Carpio Title: Director, MTC Transport Concessions General Directorate Telephone No.: +51-1-6157800 Email: [email protected] Responsible Agency: Autoridad Autónoma del Sistema Eléctrico de Transporte Masivo de Lima y Callao (AATE) Contact: José Zárate Garay Title: Executive Director, AATE Telephone No.: +51-1-2242444 Email: [email protected] . v Project Financing Data(in USD Million) [ X ] Loan [ ] IDA Grant [ ] Guarantee [ ] Credit [ ] Grant [ ] Other Total Project Cost: 5836.00 Total Bank Financing: 300.00 Financing Gap: . Financing Source Amount Borrower 2285.00 IBRD 300.00 IADB 300.00 CAF 150.00 Other IFIs and future operations 1150.00 Private Concessionaire 1651.00 Total 5836.00 . Expected Disbursements (in USD Million) Fiscal Year 2016 2017 2018 2019 2020 2021 2022 Annual 25.00 150.00 125.00 0.00 0.00 0.00 0.00 Cumulative 25.00 175.00 300.00 300.00 300.00 300.00 300.00 . Institutional Data Practice Area / Cross Cutting Solution Area Transport & ICT Cross Cutting Areas [ X ] Climate Change [ ] Fragile, Conflict & Violence [ ] Gender [ ] Jobs [ X ] Public Private Partnership Sectors / Climate Change Sector (Maximum 5 and total % must equal 100) Major Sector Sector % Adaptation Mitigation Co- Co-benefits % benefits % Transportation Urban Transport 100 0% 100% Total 100 I certify that there is no Adaptation and Mitigation Climate Change Co-benefits information applicable to this project. Themes vi Theme (Maximum 5 and total % must equal 100) Major theme Theme % Financial and private sector development Infrastructure services for private sector 10 development Urban development Municipal governance and institution 10 building Urban development City-wide Infrastructure and Service 80 Delivery Total 100 . Project Development Objective(s) The objective of the Project is to provide
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