Project Completion Report Number PCR: PRC 1391
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Completion Report Project Number: 33439-013 Loan Number: 2082 June 2013 People’s Republic of China: Fujian Soil Conservation and Rural Development II Project CURRENCY EQUIVALENTS Currency Unit – yuan (CNY) At Appraisal At Midterm At Project Completion 31 January 2004 31 December 2009 31 August 2012 CNY1.00 = $0.12 $0.15 $0.16 $1.00 = CNY8.28 CNY6.83 CNY6.35 ABBREVIATIONS ADB – Asian Development Bank EAF – environmental assessment framework EIRR – economic internal rate of return EMP – environmental management plan FFD – Fujian Finance Department FIRR – financial internal rate of return FPG – Fujian provincial government IEE – initial environmental examination NVA – net value added PBME – performance benefit monitoring and evaluation PMO – project management office PRC – People’s Republic of China WEIGHTS AND MEASURES ha – hectare km – kilometer m2 – square meter m3 – cubic meter t – metric ton NOTE In this report, “$” refers to US dollars. Vice President S. Groff, Operations 2 Director General R. Wihtol, East Asia Department (EARD) Country Director H. Sharif, PRC Resident Mission (PRCM), EARD Team leader X. Shen, Senior Project Officer (Natural Resources and Agriculture), PRCM, EARD Team members Y. Gao, Project Analyst, PRCM, EARD X. Jiang, Operations Assistant, PRCM, EARD F. Wang, Senior Project Officer (Financial Management), PRCM, EARD W. Zhu, Senior Safeguards Officer (Resettlement), PRCM, EARD 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 BASIC DATA i I. PROJECT DESCRIPTION 1 II. EVALUATION OF DESIGN AND IMPLEMENTATION 1 A. Relevance of Design and Formulation 1 B. Project Outputs 2 C. Project Costs 4 D. Disbursements 4 E. Project Schedule 5 F. Implementation Arrangements 5 G. Conditions and Covenants 6 H. Consultant Recruitment and Procurement 6 I. Performance of Consultants, Contractors, and Suppliers 6 J. Performance of the Borrower and the Executing Agency 7 K. Performance of the Asian Development Bank 7 III. EVALUATION OF PERFORMANCE 7 A. Relevance 7 B. Effectiveness in Achieving Outcome 8 C. Efficiency in Achieving Outcome and Outputs 8 D. Preliminary Assessment of Sustainability 9 E. Impact 10 IV. OVERALL ASSESSMENT AND RECOMMENDATIONS 12 A. Overall Assessment 12 B. Lessons 13 C. Recommendations 13 APPENDIXES 1. Distribution of Subprojects 14 2. Design and Monitoring Framework 16 3. Chronology of Major Events 21 4. Project Costs and Financing Plan 22 5. Projected and Actual Contract Awards and Disbursements 24 6. Appraisal and Actual Implementation Schedule 25 7. Organization Chart 27 8. Status of Compliance with Loan Covenants 28 9. Financial and Economic Reevaluation 39 10. Assessment of Social Impacts and Poverty Reduction 45 11. Evaluation of Land Acquisition and Resettlement Activities 51 BASIC DATA A. Loan Identification 1. Country People’s Republic of China 2. Loan Number 2082 3. Project Title Fujian Soil Conservation and Rural Development II Project 4. Borrower People’s Republic of China 5. Executing Agency Fujian provincial government 6. Amount of Loan $80 million 7. Project Completion Report Number PCR: PRC 1391 B. Loan Data 1. Appraisal – Date Started 16 July 2003 – Date Completed 21 July 2003 2. Loan Negotiations – Date Started 11 February 2004 – Date Completed 13 February 2004 3. Date of Board Approval 28 April 2004 4. Date of Loan Agreement 26 October 2004 5. Date of Loan Effectiveness – In Loan Agreement 25 January 2005 – Actual 18 March 2005 – Number of Extensions 1 6. Closing Date – In Loan Agreement 31 December 2010 – Actual 1 September 2012 – Number of Extensions 1 7. Terms of Loan – Interest Rate London interbank offered rate (LIBOR) based – Maturity 25 years – Grace Period 6 years 8. Terms of Relending – Interest Rate London interbank offered rate (LIBOR) based – Maturity 25 years – Grace Period 6 years ii 9. Disbursements a. Dates Initial Disbursement Final Disbursement Time Interval 15 September 2005 3 August 2012 83 months Effective Date Original Closing Date Time Interval 18 March 2005 31 December 2010 69 months b. Amount ($ million) Original Last Revised Amount Net Amount Amount Category Allocation Allocation Canceled Available Disbursed 01A Civil Works (conservation farming 6.6 5.2 0.0 5.2 5.2 and orchard rehabilitation) 01B Civil Works (aquaculture, agro- 6.0 3.7 0.0 3.7 3.7 processing) 01C Civil Works (livestock) 2.4 2.0 0.0 2.0 2.0 01D Civil Works (markets, roads, 17.2 23.1 0.0 23.1 23.1 water supply) 01E Civil Works (hydropower) 6.5 5.1 0.0 5.1 5.1 02A Equipment (conservation farming 0.9 5.5 0.0 5.5 5.5 and orchard rehabilitation) 02B Equipment (aquaculture) 1.2 1.9 0.0 1.9 1.9 02C Equipment (agro-processing, 6.9 11.4 0.0 11.4 11.4 livestock) 02D Equipment (markets, 11.3 5.5 0.0 5.5 5.5 hydropower) 02E Equipment (water supply) 4.8 9.6 0.0 9.6 9.6 02F Equipment (other materials) 2.4 2.8 0.0 2.8 2.8 03A Interest and Commitment Charge 12.8 4.0 0.0 4.0 4.0 03B Front-End Fees 0.8 0.0 0.0 0.0 0.0 03C PPTA Recovery 0.2 0.2 0.0 0.2 0.2 Total 80.0 80.0 0.0 80.0 80.0 PPTA = project preparatory technical assistance. Source: Asian Development Bank. C. Project Data 1. Project Cost ($ million) Cost Appraisal Estimate Actual Foreign Exchange Cost 80.0 80.0 Local Currency Cost 206.0 237.7 Total 286.0 317.7 2. Financing Plan ($ million) Cost Appraisal Estimate Actual Implementation Costs Borrower Financed 206.0 236.2 ADB Financed 66.2 75.8 Total 272.2 312.0 Financial Charges Borrower Financed 0.0 1.5 ADB Financed 13.8 4.2 Total 286.0 317.7 ADB = Asian Development Bank. Sources: Asian Development Bank and Fujian Commission of Rural Affairs. iii 3. Cost Breakdown by Project Component ($ million) Component Appraisal Estimate Actual A. Soil Conservation and Integrated Agriculture 145.9 140.2 B. Rural Infrastructure 115.8 160.5 C. Project Support Services and Management 10.5 11.3 D. Financial Charges 13.8 5.7 Total 286.0 317.7 Sources: Asian Development Bank and Fujian Commission of Rural Affairs. 4. Project Schedule Item Appraisal Actual Estimate A. Soil Conservation and Integrated Agriculture 1. Conservation Farming and Orchard Rehabilitation and Forestation Date of Start July 2004 September 2005 Date of Completion June 2010 December 2011 2. Aquaculture Date of Start July 2004 March 2006 Date of Completion June 2010 December 2011 3. Agro-processing Date of Start July 2004 September 2005 Date of Completion June 2007 December 2011 4. Integrated Livestock Farming Date of Start July 2004 March 2005 Date of Completion June 2009 December 2011 B. Rural Infrastructure 1. Agriculture Markets Date of Start July 2004 January 2007 Date of Completion June 2010 December 2011 2. Rehabilitation and Development of Rural Infrastructure Date of Start July 2004 October 2004 Date of Completion June 2009 December 2011 3. Rehabilitation and Development of Hydropower Schemes Date of Start July 2004 October 2004 Date of Completion June 2009 December 2009 4. Rehabilitation and Development of Rural Water Supply Date of Start July 2004 October 2004 Date of Completion November 2008 December 2011 C. Project Management Date of Start July 2004 October 2004 Date of Completion June 2010 June 2012 Sources: Asian Development Bank and Fujian Commission of Rural Affairs. 5. Project Performance Report Ratings Ratings Development Implementation Implementation Period Objectives Progress From 28 Apr 2004 to 1 Sep 2012 Satisfactory Satisfactory Source: Asian Development Bank. iv D. Data on Asian Development Bank Missions No. of No. of Specialization of Name of Mission Date Persons Person-Days Membersa Fact-Finding 13 Jun–9 Jul 2002 7 135 a, b, c, d, e Pre-appraisal 9–23 Dec 2002 9 74 a, b, c, d, e, f, g, h, i Pre-appraisal Follow-Up Mission 17–27 Feb 2003 2 20 a, e Appraisal 16–21 Jul 2003 3 15 a, c, f Compliance Mission 11–13 Aug 2003 1 2 c Loan Negotiation Mission 11–13 Feb 2004 3 9 a, f, i Inception Mission 6–10 Dec 2004 2 8 a, d Review Mission 1 19–23 Sep 2005 2 8 d, j Review Mission 2 31 Oct–7 Nov 2006 3 17 d, k, m Review Mission 3 26 Nov–3 Dec 2007 5 32 d, l, n, o, p Review Mission 4 19–25 Nov 2008 2 12 d, l, Midterm Review Mission 19–29 Jan 2010 4 30 d, j, l, o Review Mission 5 14–20 Dec 2010 1 6 d Review Mission 6 19–23 Dec 2011 2 8 d, e Project Completion Review 4–13 Dec 2012 4 26 d, l, n, q aa = principal natural resources specialist, b = poverty reduction coordinator, c = environment specialist, d = project officer, e = staff consultant, f = rural development specialist, g = economist, h = resettlement specialist, i = counsel, j = control officer, k = project assistant, l = project analyst, m = country director, n = resettlement officer, o = environment officer, p = portfolio management unit head, q = financial management officer. Source: Asian Development Bank. I. PROJECT DESCRIPTION 1. Fujian Province in the People’s Republic of China (PRC) is a coastal province with hilly to mountainous terrain accounting for more than 80% of its land area. Although Fujian has undergone rapid economic growth in recent decades, the standard of living among rural households remains much lower than that of the province’s urban population.