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Implementation Completion Report (ICR) Review - Second Roads Rehab

1. Project Data:   
ES Date Posted:
Project Name:
Second Roads Rehab
Project Costs(US $M)
 123.8  0
Loan/Credit (US $M)
 85  0
Sector, Major Sect.:
Rural Roads,
Cofinancing (US $M)
 0  0
L/C Number:
Board Approval (FY)
Partners involved
Closing Date
09/30/2003 10/03/2000
Prepared by: Reviewed by: Group Manager: Group:  
Kavita Mathur
Binyam Reja Alain A. Barbu OEDST

2. Project Objectives and Components:

a. Objectives
The main objectives of the project were to:

  • improve transport efficiency on the road network;
  • reduce traffic congestion and provide more efficient, safe and reliable transport services in Panama City and other major cities in Panama;
  • improve Ministry of Public Works (MOP) capacity for administration and maintenance of roads and of environmental analysis started under the Roads Rehabilitation Project;
  • improve the efficiency in the public road passenger transport industry, through technical assistance to reorganize the public bus transport system.

b. Components
The project had two main components:
(i) roads and bridges rehabilitation program; and
(ii) institutional strengthening.

c. Comments on Project Cost, Financing and Dates
The loan was withdrawn on March 10, 2000, eighteen months after Board approval, on the request of the Government of Panama. The loan was never signed and hence, never became effective.

3. Achievement of Relevant Objectives:

None were achieved since the loan was not implemented. A new Government was elected and the new Administration reviewed the portfolio. The main factors leading to the withdrawal of the loan as indicated in the government's letter to the Bank are:
  • availability of funds and the ability to borrow in the domestic capital market;
  • lack of counterpart funds (for the Bank loan) in the annual budget for fiscal year 2000.

4. Significant Outcomes/Impacts:

There are no significant outcomes/impacts.

5. Significant Shortcomings (include non-compliance with safeguard features):

None. See section 3 above.
6. Ratings:ICROED ReviewReason for Disagreement/Comments
Not RatedNot Rated
Institutional Dev.:
Not RatedNot Rated
Not RatedNot Applicable
Bank Performance:
Not RatedNot Rated
Borrower Perf.:
Not RatedNot Rated
Quality of ICR:

7. Lessons of Broad Applicablity:


8. Audit Recommended?  No


9. Comments on Quality of ICR:

The quality of the project completion note is satisfactory.

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