The World Bank Implementation Status & Results Report Serbia Railway Sector Modernization (P170868) Serbia Railway Sector Modernization (P170868) EUROPE AND CENTRAL ASIA | Serbia | IBRD/IDA | Investment Project Financing (IPF) | FY 2021 | Seq No: 6 | Archived on 30- May-2024 | ISR00562 Implementing Agencies: Ministry of Construction, Transport and Infrastructure, Railways Directorate, Serbia Cargo, Serbia Railways Infrastructure, Serbia Voz 1. OBJECTIVE 1.1 Development Objective Original Development Objective (Approved as part of Approval package on 16-Mar-2021) Phase 1 Project Development Objective: To enhance the efficiency and safety of existing railway assets and improve governance and institutional capacity of the railway sector. Has the Development Objective been changed since Board Approval of the Project Objective? No 2. COMPONENTS Name Infrastructure Investments and Asset Management:(Cost 107,500,000.00) Institutional Strengthening and Project Management:(Cost 10,140,000.00) Railway Modernization Enablers:(Cost 7,200,000.00) 3. OVERALL RATINGS Name Previous Current Progress towards achievement of PDO Satisfactory Satisfactory Overall Implementation Progress (IP) Moderately Satisfactory Moderately Satisfactory Overall Risk Rating Moderate Moderate 4. KEY ISSUES & STATUS May 30, 2024 Page 1 of 12 The World Bank Implementation Status & Results Report Serbia Railway Sector Modernization (P170868) 4.1 Implementation Status and Key Decisions The overall Project implementation is progressing with moderate pace. Procurement processes for all railways line rehabilitation designs and/or works are progressing. However, procurement of railway level crossings and wayside measuring stations are experiencing major delays. Technical assistance and capacity building activities are progressing well. 4.2 MPA Program Development Objective Original MPA Program Development Objective (Approved as part of Approval (Seq. 2) package on 16-May-2024) To improve the efficiency and safety of Serbia’s rail network and enhance the environmental sustainability of Serbia’s transport system. Current MPA Program Development Objective (Approved as part of (Seq. ) package on ) 4.3 Multiphase Programmatic Approach (MPA) Status (Public Disclosure) 5. SYSTEMATIC OPERATIONS RISK-RATING TOOL Rating at Approval Last Approved Rating Risk Category Approval Package - ISR Seq. 05 - 09 Nov Proposed Rating 17 Mar 2021 2023 Political and Governance Moderate Moderate Moderate Macroeconomic Moderate Moderate Moderate Sector Strategies and Policies Moderate Moderate Moderate Technical Design of Project or Program Moderate Moderate Moderate Institutional Capacity for Implementation and Substantial Moderate Moderate Sustainability Fiduciary Substantial Substantial Substantial Environment and Social Substantial Substantial Substantial Stakeholders Moderate Moderate Moderate May 30, 2024 Page 2 of 12 The World Bank Implementation Status & Results Report Serbia Railway Sector Modernization (P170868) Overall Substantial Moderate Moderate May 30, 2024 Page 3 of 12 The World Bank Implementation Status & Results Report Serbia Railway Sector Modernization (P170868) 6. RESULTS 6.1 PDO Indicators by PDO Outcomes PrDO: Environmental sustainability of Serbia's transport system Baseline Actual (Previous) Actual (Current) Closing Period Indicator Name Value Month/Year Value Date Value Date Value Month/Year PrDO: Increase national 22.50 Dec/2019 22.50 14-May-2024 22.50 14-May-2024 24.74 Dec/2032 freight rail market share by Comments on Indicator still at baseline (too early to be reported). 10 percent ton-km (from 22.5 achieving targets percent to 24.74 percent of the market) (Percentage) PrDO: Increase the national 3.50 Dec/2019 3.50 13-Oct-2023 4.63 Dec/2032 passenger rail market share Comments on Indicator still at baseline (too early to be reported). by 30 percent (pass-km) achieving targets (from 3.5 percent to 4.63 percent of the market) (Percentage) PrDO: Safety of Serbia's railway network Baseline Actual (Previous) Actual (Current) Closing Period Indicator Name Value Month/Year Value Date Value Date Value Month/Year PrDO: Reduce fatality rates 3.56 Dec/2019 3.56 14-May-2024 3.56 14-May-2024 2.74 Dec/2032 on the rail network by 23 Comments on Indicator still at baseline (too early to be reported). percent (fatalities per train- achieving targets kilometers) (from 3.56 to 2.74 fatalities per train- kilometers) (Percentage) No Sept/2020 No 13-Oct-2023 Yes Dec/2032 May 30, 2024 Page 4 of 12 The World Bank Implementation Status & Results Report Serbia Railway Sector Modernization (P170868) PrDO: Safety risk assessment Comments on Indicator still at baseline (too early to be reported). operationalized and achieving targets implemented (Yes/No) PrDO: Efficiency of Serbia's rail network Baseline Actual (Previous) Actual (Current) Closing Period Indicator Name Value Month/Year Value Date Value Date Value Month/Year Increase network utilization 8.10 Dec/2019 8.10 14-May-2024 8.10 14-May-2024 8.50 Dec/2032 by 5 percent (from 8.10 and Comments on Indicator still at baseline (too early to be reported). to 8.5 daily train-kilometers achieving targets per network track kilometer) (Percentage) Phase 1: Efficiency of existing railway assets Baseline Actual (Previous) Actual (Current) Closing Period Indicator Name Value Month/Year Value Date Value Date Value Month/Year Phase 1: Increase average 82.00 Sept/2020 82.00 13-Oct-2023 100.00 Dec/2032 train speeds on rehabilitated Comments on Indicator still at baseline. Rehabilitation works have not started yet. sections (kmh) (Number) achieving targets Phase 1: Safety of existing railway assets Baseline Actual (Previous) Actual (Current) Closing Period Indicator Name Value Month/Year Value Date Value Date Value Month/Year Reduce accidents at level 43.00 Dec/2019 43.00 14-May-2024 43.00 14-May-2024 32.00 Dec/2032 crossings per year by 25 Comments on Indicator still at baseline. Works have not started yet. percent (from 43 to 32 achieving targets crashes per year) (Percentage) Phase 1: Improved governance of the railway sector Baseline Actual (Previous) Actual (Current) Closing Period Indicator Name Value Month/Year Value Date Value Date Value Month/Year May 30, 2024 Page 5 of 12 The World Bank Implementation Status & Results Report Serbia Railway Sector Modernization (P170868) Phase 1: Improve financial No Sept/2020 No 13-Oct-2023 Yes Dec/2032 transparency in IZS, SC, SV, Comments on Financial reports to be generated by IZS, SC, SV, and RD using the new FM systems. and RD (Yes/No) achieving targets Phase 1: Improved institutional capacity of the railway sector Baseline Actual (Previous) Actual (Current) Closing Period Indicator Name Value Month/Year Value Date Value Date Value Month/Year New hiring/recruitment No Sept/2020 No 13-Oct-2023 Yes Dec/2032 procedures are based on the Comments on HR strategies for RD SC SV and IZS not developed yet. HR strategy (Yes/No) achieving targets IZS rehabilitation plans are No Sept/2020 No 13-Oct-2023 Yes Dec/2032 based on outputs from Asset Comments on Asset Management System (AMS) not yet developed.. Management System achieving targets (Yes/No) Climate Change and Disaster Risk Management Baseline Actual (Previous) Actual (Current) Closing Period Indicator Name Value Month/Year Value Date Value Date Value Month/Year Contingency plan under No Sept/2020 No 13-Oct-2023 Yes Dec/2032 Safety Management System Comments on Contingency plan not yet developed. is operationalized (Yes/No) achieving targets 6.2 Intermediate Results Indicators by Components Infrastructure Investments and Asset Management Baseline Actual (Previous) Actual (Current) Closing Period Indicator Name Value Month/Year Value Date Value Date Value Month/Year 0.00 Sept/2020 0.00 13-Oct-2023 37.10 Dec/2027 May 30, 2024 Page 6 of 12 The World Bank Implementation Status & Results Report Serbia Railway Sector Modernization (P170868) Phase 1: Km of tracks Comments on Indicator still at baseline. Designs are in procurement phase. rehabilitated (Kilometers) achieving targets 0.00 Sept/2020 0.00 13-Oct-2023 150.00 Dec/2027 Phase 1: Number of level Comments on Indicator still at baseline. Design and Built services for the first set of railways crossings about crossings upgraded achieving targets to be issued. (Number) Phase 1: Number of 0.00 Sept/2020 0.00 14-May-2024 0.00 14-May-2024 4.00 Dec/2027 measurement stations Comments on Indicator still at baseline. Designs and built bidding documents about to be issued. installed (Number) achieving targets Phase 1: Second stage of No Sept/2020 No 14-May-2024 No 14-May-2024 Yes Dec/2027 main railway station in Comments on Indicator still at baseline. Designs underway. Belgrade center constructed achieving targets (Yes/No) Phase 1: Delivery of a plan No Sept/2020 No 14-May-2024 No 14-May-2024 Yes Dec/2027 for achieving integration of Comments on Indicator still at baseline. Rail infrastructure asset management systems design in final phase components of asset achieving targets of procurement. management system (Yes/No) Phase 1: Delivery of fully No Sept/2020 No 14-May-2024 No 14-May-2024 Yes Dec/2027 functioning asset Comments on Indicator still at baseline. RIAMS design in final phase of procurement. management system achieving targets (Yes/No) Phase 1: Equipment for No Nov/2020 No 14-May-2024 No 14-May-2024 Yes Dec/2026 maintenance and Comments on Indicator still at baseline. A few equipment have been delivered while the delivery of rehabilitation of railway achieving targets remaining ones is still pending. assets operational (Yes/No) Institutional Strengthening and Project Management Baseline Actual (Previous) Actual (Current) Closing Period Indicator Name Value Month/Year Value Date Value Date Value Month/Year May 30, 2024 Page 7 of 12 The World Bank Implementation Status & Results Report Serbia Railway Sector Modernization (P170868) Phase 1: Legal and regulatory No Sept/2020 No 14-May-2024 No 14-May-2024 Yes Dec/2027 instruments developed to modernize RD's role as regulator (Yes/No) Phase 1: Recommendations No Sept/2020 No 13-Oct-2023 Yes Dec/2027 delivered for IZS, SC and SV Comments on Activity only started for SC. to adopt commercially achieving targets oriented, independent, and modern management (Yes/No) Phase 1: Recommendations No Sept/2020 No 13-Oct-2023 Yes Dec/2027 delivered for SC to adopt Comments on Activity recently contracted and on-going. modernized business achieving targets processes (Yes/No) Phase 1: HR strategies for RD, No Sept/2020 No 13-Oct-2023 Yes Dec/2027 IZS, SC and SV delivered and Comments on Indicator still at baseline. Consultancy selection to develop HR strategies in procurement. implemented (Yes/No) achieving targets No Sept/2020 No 13-Oct-2023 Yes Dec/2027 Comments on Indicator still at baseline. Only a few training have been implemented for RD and SC. Phase 1: Training programs in achieving targets RD, IZS, SC and SV implemented (Yes/No) Phase 1: PhD scholarships in 0.00 Sept/2020 0.00 14-May-2024 0.00 14-May-2024 3.00 Dec/2027 rail-related subjects awarded Comments on Indicator still at baseline. Call for proposals expected to be issued in Oct. 2023. to females (Number) achieving targets Phase 1: Gender Action Plans No Sept/2020 No 13-Oct-2023 Yes Dec/2027 adopted by RD, IZS, SC and Comments on Indicator still at baseline. Assessment were finalized but GAP have not been adopted yet. SV (Yes/No) achieving targets May 30, 2024 Page 8 of 12 The World Bank Implementation Status & Results Report Serbia Railway Sector Modernization (P170868) Phase 1: Percentage of 0.00 Sept/2020 0.00 14-May-2024 0.00 14-May-2024 70.00 Dec/2027 beneficiaries reporting Comments on Indicator still at baseline. Works activities have not yet started. project established effective achieving targets engagement processes (Percentage) Phase 1: Software for No Nov/2020 No 14-May-2024 No 14-May-2024 Yes Dec/2026 Timetable construction for Comments on Indicator still at baseline. IZS implemented (Yes/No) achieving targets Railway Modernization Enablers Baseline Actual (Previous) Actual (Current) Closing Period Indicator Name Value Month/Year Value Date Value Date Value Month/Year Phase 1: Action plan for IRS No Sept/2020 No 14-May-2024 No 14-May-2024 Yes Dec/2027 implementation delivered Comments on Indicator at baseline. Activity not started yet. (Yes/No) achieving targets Phase 1: IRS demonstration No Sept/2020 No 14-May-2024 No 14-May-2024 Yes Dec/2027 project implemented and Comments on Indicator at baseline. Activity not started yet. documented (Yes/No) achieving targets No Sept/2020 No 14-May-2024 No 14-May-2024 Yes Dec/2027 Phase 1: SMS action plan is Comments on Indicator at baseline. Some activities carried out by IZS. delivered (Yes/No) achieving targets Phase 1: Selected SMS and No Sept/2020 No 13-Oct-2023 Yes Dec/2027 resilience interventions are Comments on Indicator at baseline. Some activities undertaken by IZS. implemented (Yes/No) achieving targets Phase 1: Study on integration No Sept/2020 No 14-May-2024 No 14-May-2024 Yes Dec/2027 of railways with territorial Comments on Indicator at baseline. Consultancy selected. development delivered achieving targets (Yes/No) May 30, 2024 Page 9 of 12 The World Bank Implementation Status & Results Report Serbia Railway Sector Modernization (P170868) Phase 1: Pilot projects on No Sept/2020 No 14-May-2024 No 14-May-2024 Yes Dec/2027 integrated rail-territorial Comments on Indicator at baseline. Consultancy selection in final phase of procurement. development implemented achieving targets (Yes/No) No Sept/2020 No 14-May-2024 No 14-May-2024 Yes Dec/2027 Phase 1: Study on modal shift Comments on Indicator at baseline. Activity for SC underway. delivered (Yes/No) achieving targets Phase 1: Analysis and road No Sept/2020 No 13-Oct-2023 Yes Dec/2027 map for ownership structure Comments on Indicator at baseline. Consulting services under implementation. of SC delivered (Yes/No) achieving targets Phase 1: Number of staff 0.00 Sept/2020 0.00 14-May-2024 0.00 14-May-2024 10.00 Dec/2027 trained in safety risk Comments on Indicator at baseline. Activity not started yet. assessment in RD, IZS, and SV achieving targets (Number) May 30, 2024 Page 10 of 12 The World Bank Implementation Status & Results Report Serbia Railway Sector Modernization (P170868) 7. DATA ON FINANCIAL PERFORMANCE 7.1 Cumulative Disbursements 7.2 Disbursements (by loan) Loan/Credit/TF Status Original Revised Cancelled Disbursed Undisbursed % Disbursed IBRD-92210 Effective 62.50 62.50 0.00 4.48 57.44 7.18% 7.3 Key Dates (by loan) Loan/Credit/TF Status Approval Signing Effectiveness Orig. Closing Rev. Closing IBRD-92210 Effective 17-Mar-2021 10-May-2021 05-Oct-2021 31-Dec-2026 31-Dec-2026 8. KEY DATES May 30, 2024 Page 11 of 12 The World Bank Implementation Status & Results Report Serbia Railway Sector Modernization (P170868) Key Events Planned Actual Approval 17-Mar-2021 17-Mar-2021 Effectiveness 24-Sept-2021 24-Sept-2021 Mid-Term Review No. 01 12-Jun-2024 Operation Closing/Cancellation 31-Dec-2026 9. RESTRUCTURING HISTORY 10. ASSOCIATED OPERATION(S) There are no associated operations May 30, 2024 Page 12 of 12