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Adaptable Tools: Investment & Development Policy Lending

Adaptable Tools: Investment & Development Policy Lending. Poland Second Road Maintenance & Rehabilitation A Program Based Approach Repeater. National road network: 18,000 km. – Maintenance backlog estimated to US$1 billion …. Main features of the RMR II project (Repeater).

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Adaptable Tools: Investment & Development Policy Lending

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  1. Adaptable Tools: Investment & Development Policy Lending

  2. Poland Second Road Maintenance & Rehabilitation A Program Based Approach Repeater

  3. National road network: 18,000 km. – Maintenance backlog estimated to US$1 billion…

  4. Main features of the RMR II project (Repeater) • Project amount: US$211 million, of which the World Bank finances US$ 131 million (62%); • Two components: (1) national RMR program; and (2) management information system of Road Administration • Continues a series of annual Polish budget support to RMR, aimed at increasing %of national roads in good condition from 35 (2003) to 55 (2006); • WB’s support continues to focus on road maintenance & rehabilitation works (sub-program financed at 62%);

  5. Components

  6. Repeater = Simpler? • Environmental/Social andProcurement due diligence - carried out during first RMR project preparation to assess and approve country own procedures– now only updated; • Environmental category: Financial Intermediary (FI) - Operational Manual chapter on environment and social updated (the only pre-requisite for appraisal/negotiation); • Project reporting - one annual report; no mid-term review; • Advance disbursements – more flexibility: two tranches for 95% of the loan to cover expenses programmed for road rehabilitation in a 12-month time period;

  7. Repeater = Time & Cost-efficient? • Preparation time: 6 months between identification-Board • No Board [and Effectiveness] conditions; • Preparation budget– 44% savings

  8. YES – But… • No or little simplification of Bank preparation procedural requirements (e.g. consultations and disclosure); • More Ex-post review of procurement (NCB) and contract execution - OK; • Ex-post review of expenditures – OK • More intensive SPN– increased budget (but economies of scale from combined spn)

  9. Conclusions • The “annual repeater” project format fits the Client’s fiscal year budget; • A new “repeater” planned for 2006 ( a total of 3); • Each project builds on previous experience; • Further simplification foreseen (e.g. one category of expenditures in LA; web-based dissemination and disclosure on environment); • Repeaters build reciprocal trust between Bank-clients;

  10. THANK YOU! • Open eXchangeFebruary 24-24, 2005

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