The World Bank Report No: ISR7718

Implementation Status & Results Brazil BR São Paulo Trains and Signalling (P106038)

Operation Name: BR São Paulo Trains and Signalling (P106038) Project Stage: Implementation Seq.No: 9 Status: ARCHIVED Archive Date: 14-Aug-2012 Country: Brazil Approval FY: 2008

Public Disclosure Authorized Product Line:IBRD/IDA Region: LATIN AMERICA AND CARIBBEAN Lending Instrument: Specific Investment Loan Implementing Agency(ies): Companhia do Metropolitano de Sao Paulo, Companhia Paulista de Tresn Metropolitanos Key Dates Board Approval Date 01-May-2008 Original Closing Date 30-Jun-2013 Planned Mid Term Review Date 26-Apr-2011 Last Archived ISR Date 11-Jan-2012 Public Disclosure Copy Effectiveness Date 28-Jul-2008 Revised Closing Date 30-Jun-2013 Actual Mid Term Review Date 26-Apr-2011

Project Development Objectives Project Development Objective (from Project Appraisal Document) The proposed development objective is to: a) improve the level-of-service provided to the urban rail transport users in the São Paulo Metropolitan Region in a safe and cost-efficient manner by increasing the peak-hour and off-peak carrying capacity of Lines A and F of the Companhia Paulista de Trens Metropolitanos(CPTM) and Lines 1, 2 and 3 of the São Paulo Metro Company (Metro); and b) continuethe strengthening of the transport management and policy framework in the SPMR. Has the Project Development Objective been changed since Board Approval of the Project?

Public Disclosure Authorized Yes No

Component(s)

Component Name Component Cost Infrastructure and Equipment 1503.00 Institutional and Policy Development 47.00

Overall Ratings Previous Rating Current Rating Progress towards achievement of PDO Moderately Satisfactory Moderately Satisfactory Overall Implementation Progress (IP) Moderately Satisfactory Moderately Satisfactory Overall Risk Rating Public Disclosure Authorized

Implementation Status Overview While significant implementation has been achieved to date, progress remains slower than expected due to delays of more than one year to the signaling and track contracts. The problems are being addressed by CPTM, Metro and the Secretariat of Metropolitan Transport and the Bank is monitoring these critical contracts closely. The delays will affect the achievement of some PDO targets within the project’s currently closing date and the Borrower has requested a time extension. Public Disclosure Copy

Locations

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Country First Administrative Division Location Planned Actual Brazil Not Entered São Paulo

Results

Project Development Objective Indicators Indicator Name Core Unit of Measure Baseline Current End Target Working Ratio METRO ( with compensation of Number Value 1.00 1.00 0.99 free/discounted tickets but without subsidy to Date 30-Jun-2007 01-Dec-2011 30-Jun-2013 cover deficit) Comments Public Disclosure Copy Working Ratio CPTM ( with compensation of Number Value 1.00 1.00 0.99 free/discounted tickets but without subsidy to Date 30-Jun-2007 01-Dec-2011 30-Jun-2013 cover deficit) Comments NUMBER OF USERS/DAY OF HOUSEHOLD Number Value 908500.00 0.00 1231090.00 WITH LESS THAN 4 MINIMUM SALARIES IN Date 30-Jun-2007 01-Dec-2011 30-Jun-2013 METRO LINES 1+2+3 Comments A study is underway to estimate this indicator in 2012/2013. NUMBER OF USERS/DAY OF HOUSEHOLD Number Value 236200.00 0.00 356590.00 WITH LESS THAN 4 MINIMUM SALARIES IN Date 30-Jun-2007 01-Dec-2011 30-Jun-2013 CPTM lINES A+F Comments A study is underway to estimate this indicator in 2012/2013. INCREMENTAL DEMAND/DAY IN METRO Number Value 0.00 642103.00 921320.00 (Lines 1,2 AND 3) Date 30-Jun-2007 30-Dec-2011 30-Jun-2013 Comments Increased ridership in Lines 1, 2, and 3 in relation to 2007. INCREMENTAL DEMAND/DAY IN CPTM Number Value 0.00 112000.00 219341.00 (Lines A and F) Date 30-Jun-2007 01-Dec-2011 30-Jun-2013 Comments Estimated sum for Lines 7 and 12; over 50% of target. PASSENGERS/SQUARE METER mETRO Number Value 8.00 8.00 6.00 lINES 1,2 AND 3 Date 30-Jun-2007 01-Dec-2011 30-Jun-2013 Comments Ridership growth is outpacing

Public Disclosure Copy the increase of the fleet in service.

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passengers/square meter CPTM Lines A and F Number Value 8.00 8.00 6.00 Date 07-Aug-2007 01-Dec-2011 30-Jun-2013 Comments Ridership growth is outpacing the increase of the fleet in service. Travel time+waiting time in Metro Lines 1,2 and Text Value 29 minutes 25 19 minutes 3 -S# to Penha (9.5km) Date 30-Dec-2007 31-May-2012 30-Dec-2011 Comments Estimate based on reduced wait times only Travel time+waiting time in CPTM Line A - Text Value 80 minutes 76 65 minutes

Public Disclosure Copy LUZ to Francisco Morato (39 km) Date 30-Dec-2007 01-Dec-2011 30-Dec-2011 Comments Estimate based on reduced wait times only trains per peak-hour/off peak for Lines 1, 2 and Text Value Line 1= 33/24, Line 2=24/16, Line 1: 36 / 28 Line 1=41/26, Line 2=28/18, 3 of Metro Line 3=35/21 Line 2: 27/22 Line 3=44/28 Line 3: 36/30 Date 30-Dec-2007 30-Dec-2011 30-Dec-2011 Comments trains per peak-hour/off peak Lines A and F of Text Value 7.5/4 Line 7: 8/5 15/8 CPTM Line 12: 10/5 Date 30-Dec-2007 01-Dec-2011 30-Dec-2012 Comments

Intermediate Results Indicators Indicator Name Core Unit of Measure Baseline Current End Target % of completion of STM studies Text Value 0% 40% 100% Date 30-Dec-2007 01-Dec-2011 30-Jun-2012 Comments PITU's progress and other studies behind schedule. % of completion of Metro systems Text Value 0 65% 100 Date 30-Dec-2007 30-Dec-2011 30-Dec-2011 Comments Behind schedule % of completion of CPTM systems Text Value 0 54% 100 Date 30-Dec-2007 31-May-2012 30-Jun-2011 Comments Revised; should be above Public Disclosure Copy 77%.

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% of completion of Metro trains Text Value 0 100% 100 Date 30-Dec-2007 01-Dec-2011 30-Dec-2011 Comments % OF COMPLETION OF CPTM TRAINS Text Value 0 100% 100 Date 30-Dec-2007 31-May-2012 30-Dec-2011 Comments Excluded 9 trains financed by AF.

Data on Financial Performance (as of 04-Jul-2012)

Public Disclosure Copy Financial Agreement(s) Key Dates Project Ln/Cr/Tf Status Approval Date Signing Date Effectiveness Date Original Closing Date Revised Closing Date P106038 IBRD-75060 Effective 01-May-2008 12-Jun-2008 28-Jul-2008 30-Jun-2013 30-Jun-2013 P106038 IBRD-78200 Effective 21-Sep-2010 18-Oct-2010 08-Dec-2010 31-Dec-2012 31-Dec-2012

Disbursements (in Millions) Project Ln/Cr/Tf Status Currency Original Revised Cancelled Disbursed Undisbursed % Disbursed P106038 IBRD-75060 Effective USD 550.00 550.00 0.00 458.32 91.68 83.00 P106038 IBRD-78200 Effective USD 112.91 112.91 0.00 49.29 63.62 44.00

Disbursement Graph Public Disclosure Copy

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Key Decisions Regarding Implementation The Bank is analyzing the possibility of a closing date extension and is finalizing the due diligence on the possibility of triggering of additional safeguards policies.

Restructuring History There has been no restructuring to date.

Related Projects P117122-Sao Paulo Trains and Signaling Additional Financing Public Disclosure Copy Public Disclosure Copy

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