Cambodia: Greater Mekong Subregion: Cambodia Road Improvement Project
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Completion Report Project Number: 30240 Loan Number: 1945-CAM (SF) November 2011 Cambodia: Greater Mekong Subregion: Cambodia Road Improvement Project CURRENCY EQUIVALENTS Currency Unit – riel (KR) At Appraisal At Project Completion 30 August 2002 31 December 2010 KR1.00 = US$0.00026 $0.00025 $1.00 = KR3,816 KR4,053 ABBREVIATIONS ADB – Asian Development Bank CBF – cross-border facilities CCA – common control area CCTV – closed-circuit television COI – corridor of impact COM – Council of Ministers DMS – detailed measurement survey DOP – Department of Planning EIRR – economic internal rate of return EMP – environmental management plan FRMR – fund for repair and maintenance of roads GDP – gross domestic product GMS – Greater Mekong Subregion ICB – international competitive bidding IRC – interministerial resettlement committee IRI – international roughness index km – kilometer m – meter m2 – square meter MDP – market development plan MEF – Ministry of Economy and Finance MPWT – Ministry of Public Works and Transport NCB – national competitive bidding NPV – net present value NR – national road OFID – OPEC Fund for International Development OPEC – Organization of Petroleum Exporting Countries PCR – project completion review PIB – public information brochure PMU – project management unit RCS – replacement cost study SEC – Southeast Corridor SEU – social and environment unit TA – technical assistance UXO – unexploded ordnance VOC – vehicle operating cost NOTE In this report, "$" refers to US dollars. Vice-President S. Groff, Operations 2 Director General K. Senga, Southeast Asia Department (SERD) Director J. Lynch, Transport and Communications Division, SERD Team leader S. Date, Senior Transport Specialist, SERD Team members P. Broch, Senior Transport Economist, SERD C. Clark, Safeguards Specialist (Resettlement), SERD N. Ouk, Senior Project Officer, SERD A. Samoza, Associate Project Officer, SERD P. Villanueva, Operations Assistant, SERD 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. Table of Contents Page BASIC DATA i MAP v I. PROJECT DESCRIPTION 1 II. EVALUATION OF DESIGN AND IMPLEMENTATION 2 A. Relevance of Design and Formulation 2 B. Project Outputs 3 C. Project Costs 6 D. Disbursements 6 E. Project Schedule 7 F. Implementation Arrangements 7 G. Conditions and Covenants 7 H. Related Technical Assistance 8 I. Consultant Recruitment and Procurement 8 J. Performance of Consultants, Contractors, and Suppliers 9 K. Performance of the Borrower and the Executing Agency 9 L. Performance of the Asian Development Bank 10 III. EVALUATION OF PERFORMANCE 10 A. Relevance 10 B. Effectiveness in Achieving Outcome 10 C. Efficiency in Achieving Outcome and Outputs 11 D. Preliminary Assessment of Sustainability 11 E. Impact 12 IV. OVERALL ASSESSMENT AND RECOMMENDATIONS 13 A. Overall Assessment 13 B. Lessons 13 C. Recommendations 14 Appendixes 1. Project Framework 16 2. Resettlement Activities 19 3. Appraisal and Actual Project Costs 28 4. Currency Equivalents 29 5. Projected and Actual Disbursements 30 6. Project Implementation Schedule 31 7. Chronology of Major Events 32 8. Organization Chart 35 9. Status of Compliance with Major Loan Covenants 37 10. Summary of Contracts 45 11. Economic Reevaluation 47 12. Quantitative Assessment of Overall Project Performance 55 BASIC DATA A. Loan Identification 1. Country Kingdom of Cambodia 2. Loan Number 1945-CAM (SF) 3. Project Title Greater Mekong Subregion: Cambodia Road Improvement Project 4. Borrower Ministry of Economy and Finance 5. Executing Agency Ministry of Public Works and Transport 6. Amount of Loan SDR37,885,000 7. Project Completion Report Number PCR: CAM 1278 B. Loan Data 1. Appraisal – Date Started 9 August 2002 – Date Completed 19 August 2002 2. Loan Negotiations – Date Started 17 October 2002 – Date Completed 18 October 2002 3. Date of Board Approval 26 November 2002 4. Date of Loan Agreement 7 February 2003 5. Date of Loan Effectiveness – In Loan Agreement 9 May 2003 – Actual 20 May 2003 – Number of Extensions 1 6. Closing Date – In Loan Agreement 30 June 2007 – Actual 15 September 2011 – Number of Extensions 3 7. Terms of Loan – Interest Rate 1.0% per annum (grace period) 1.5% per annum (amortization period) – Maturity (number of years) 32 years – Grace Period (number of years) 8 years 8. Terms of Relending (if any) Not applicable – Interest Rate – Maturity (number of years) – Grace Period (number of years) – Second-Step Borrower ii 9. Disbursements a. Dates Initial Disbursement Final Disbursement Time Interval 14 October 2003 27 June 2011 93 months Effective Date Original Closing Date Time Interval 20 May 2003 30 June 2007 50 months b. Amount (SDR millions) a Original Last Revised Amount Net Amount Amount Undisbursed Category Allocation Allocation Canceled Available Disbursed Balance 01A 25.20 29.15 1.72 27.43 27.43 0.00 01B 0.90 0.77 0.00 0.77 0.77 0.00 02A 3.48 3.13 0.01 3.12 3.12 0.00 02B 0.38 0.21 0.03 0.18 0.18 0.00 02C 0.07 0.04 0.02 0.02 0.02 0.00 03 0.15 2.49 0.26 2.23 2.23 0.00 04 0.08 0.13 0.01 0.12 0.12 0.00 05 0.76 0.76 0.02 0.74 0.74 0.00 06 0.23 0.09 0.06 0.03 0.03 0.00 07 0.67 0.67 0.00 0.67 0.67 0.00 08 5.96 0.44 0.44 0.00 0.00 0.00 Total 37.88 37.88 2.57 35.31 35.31 0.00 SDR = special drawing rights. a 01 = civil works, 02 = equipment, 03 = consulting services, 04 = HIV/AIDS program, 05 = incremental administrative costs, 06 = training, 07 = interest charge, 08 = unallocated. Note: The difference between the original amount and the revised total amount is due to a variation in the SDR– dollar exchange rate. Totals may not sum precisely due to rounding. 10. Local Costs (Financed) Appraisal Actual Amount ($) 18.50 6.27 Percent of Local Costs 24.50 23.33 Percent of Total Cost 23.80 7.21 C. Project Data 1. Project Cost ($ millions) Cost Appraisal Estimate Actual Foreign Exchange Cost 52.00 60.10 Local Currency Cost 25.50 26.87 Total 77.50 86.97 2. Financing Plan ($ millions) Cost Appraisal Estimate Actual Implementation Costs Borrower Financed 17.50 21.82 ADB Financed 49.10 54.12 Other External Financing (OFID) 10.00 10.00 Subtotal 76.60 85.94 IDC Costs Borrower Financed 0.00 0.00 iii Cost Appraisal Estimate Actual ADB Financed 0.90 1.03 OFID Financed 0.00 0.00 Sub-Total 0.90 1.03 Total 77.50 86.97 ADB = Asian Development Bank, IDC = interest during construction, OFID = OPEC Fund for International Development. 3. Cost Breakdown by Project Component ($ millions) Component Appraisal Estimate Actual A. Base Costs 1. Civil works 58.50 74.52 2. Land acquisition/resettlement 1.20 1.70 3. Relocation of utilities 0.20 0.00 4. Consulting services Construction supervision 4.60 4.67 Reorganization program 0.50 0.27 Poverty reduction monitoring program 0.10 0.03 5. Equipment 0.20 3.41 6. HIV/AIDS program 0.10 0.19 7. Project management 1.00 1.11 8. Training 0.30 0.04a Subtotal 66.70 85.94 B. Contingencies 1. Physical 6.50 0.00 2. Price 3.40 0.00 C. Interest Charge 0.90 1.03 Total 77.50 86.97 a Since an individual consultant was recruited for this program, the actual cost was much less than appraisal estimates. This training was originally intended for staff of project management unit 3, but they were too engaged in daily project implementation activities so they did not undertake the training. 4. Project Schedule Appraisal Item Estimate Actual A. Land Acquisition and Resettlement i. Commencement 15 Feb 2003 16 Sep 2005 ii. Completion 31 Dec 2003 30 Sep 2009 B. Date of Contracts with Consultants i. Prequalification and bid evaluation 1 Nov 2002 01 Oct 2003 ii. Detailed design and construction 31 Apr 2003 22 Jul 2004 supervision iii. Reorganization program Not specified 20 Oct 2005 iv. Poverty reduction 01 Jan 2005 5 Feb 2008 v. HIV/AIDS program 31 Dec 2003 8 Nov 2005 C. Completion of Engineering Designs Not estimated 30 Jun 2005 D. Civil Works Construction i. Date of first contract award 31 Aug 2003 30 Sep 2005 ii. Completion of works 15 Oct 2006 31 May 2009 E. Equipment and Supplies i. First procurement Not specified 6 Jun 2006 ii. Last procurement Not specified 1 Dec 2010 iii. Completion of equipment installation Not specified 31 Dec 2010 iv Appraisal Item Estimate Actual F. Start of Operations i. Completion of tests and commissioning 31 Dec 2006 20 Jun 2009 ii. Beginning of start-up 1 Jan 2007 1 Jun 2009 5. Project Performance Report Ratings Ratings Development Implementation Implementation Period Objectives Progress From 30 Nov 2002 to 31 Aug 2006 Satisfactory Satisfactory From 1 Sep 2006 to 31 Aug 2007 Partly Satisfactory Partly Satisfactory From 1 Sep 2007 to 31 Dec 2010 Satisfactory Satisfactory D. Data on Asian Development Bank Missions No. of No. of Specialization Name of Missiona Date Persons Person-Days of Membersb Fact-finding 4–26 Jun 2002 6 48 a, b, c, d, e, f Appraisal 9–19 Aug 2002 6 36 a, b, c, d, e, f Special loan administration mission 1 14–17 Oct 2003 1 4 a Inception 22–31 Mar 2004 2 20 a, j Resettlement review mission 1 11–21 May 2004 1 4 k Resettlement review mission 2 19–27 Oct 2004 3 27 a, i, k Resettlement review mission 3 10–12 May 2005 5 15 f, l, m, n Loan review mission 1 24 Jun–4 Jul 2005 2 12 a, k Loan review mission 2 30 Nov–5 Dec 2005 1 6 a Loan review mission 3 1–10 Mar 2006 3 27 a, j, o Resettlement review mission 4 19–26 Apr 2006 1 8 k Loan review mission 4 12–20 Jun 2006 1 9 a Loan review mission