The World Bank Implementation Status & Results Report Bangladesh Regional Waterway Transport Project 1 (P154511) Bangladesh Regional Waterway Transport Project 1 (P154511) SOUTH ASIA | Bangladesh | IBRD/IDA | Investment Project Financing (IPF) | FY 2016 | Seq No: 18 | Archived on 05-Jul-2024 | ISR01071 Implementing Agencies: Bangladesh Inland Water Transport Authority 1.OBJECTIVE 1.1 Development Objective Original Development Objective (Approved as part of Approval package on 15-Jun-2016) The development objective of the Project is to improve Inland Water Transport (IWT) efficiency and safety for passengers and cargo along the Chittagong-Dhaka-Ashuganj Regional Corridor and to enhance sector sustainability. Has the Development Objective been changed since Board Approval of the Project Objective? No 2.COMPONENTS Name Component 1: Improved Inland Waterway Navigation:(Cost 261,000,000.00) Component 2: Improved Services at Priority Inland Waterway Terminals and Landing Stations:(Cost 83,000,000.00) Component 3: Institutional Capacity Development and Sector Sustainability:(Cost 56,000,000.00) 3. OVERALL RATINGS Name Previous Current Progress towards achievement of lModerately Satisfactory lModerately Satisfactory PDO Overall Implementation Progress (IP) lModerately Unsatisfactory lModerately Satisfactory Overall Risk Rating lSubstantial lSubstantial 4. KEY ISSUES & STATUS Jul 06, 2024 Page 1 of 9 The World Bank Implementation Status & Results Report Bangladesh Regional Waterway Transport Project 1 (P154511) 4.1 Implementation Status and Key Decisions Bangladesh Regional Waterway Transport Project was approved June 16, 2016, became effective March 20, 2017 and is expected to close December 31, 2025. The overall project implementation has improved significantly the past 6 months. Two Output Performance Based Contract ( OPBC) Works of Development Dredging with Maintenance and Aids to navigation along about 481 km inland waterway routes are underway. Capital No1 Dredging for Lot3 was completed while the completion of Capital No1 Dredging for Lot2 is expected by September 2024. Construction works of two cargo terminals ( Pangaon and Ashuganj) are underway. Construction works of Three passengers' terminals ( Narayanganj, Chandpur and Barishal) are underway. The construction at Barishal Terminal is the most advanced. The rehabilitation of the Deck and Personal Training Center is also very advanced. The construction of thirteen landing stations and investment at Shashanghat passenger terminal will begin latest in august 2024 Procurement of hydrographic equipment, cargo handling equipment are underway. Key sector studies such as tariff reform, scheduled barge services between Dhaka and Chittagong will be signed in July 2024. 5. SYSTEMATIC OPERATIONS RISK-RATING TOOL Rating at Last Approved Approval Rating Risk Category Approval Proposed Rating ISR Seq. 017 - 30 Package - 16 Jun Apr 2024 2016 Political and Governance lSubstantial lModerate lModerate Macroeconomic lModerate lModerate lModerate Sector Strategies and Policies lSubstantial lSubstantial lSubstantial Technical Design of Project or lHigh lSubstantial lSubstantial Program Institutional Capacity for lHigh lHigh lSubstantial Implementation and Sustainability Fiduciary lHigh lHigh lSubstantial Jul 06, 2024 Page 2 of 9 The World Bank Implementation Status & Results Report Bangladesh Regional Waterway Transport Project 1 (P154511) Environment and Social lHigh lHigh lHigh Stakeholders lModerate lSubstantial lSubstantial Overall lHigh lSubstantial lSubstantial Jul 06, 2024 Page 3 of 9 The World Bank Implementation Status & Results Report Bangladesh Regional Waterway Transport Project 1 (P154511) 6. RESULTS 6.1 PDO Indicators by PDO Outcomes Project Development Objective Baseline Actual (Previous) Actual (Current) Closing Period Indicator Name Value Month/Year Value Date Value Date Value Month/Year 69,729,100.00 Feb/2016 69,729,100.00 20-Mar- 69,729,100.00 Dec/2025 Number of 2024 beneficiaries of which Comments on The target will be updated female (Number) achieving targets Number of days per 150.00 Feb/2016 150.00 20-Mar- 347.00 Dec/2025 year that advertised 2024 Least Available Depth is maintained on Project Corridors (Days) Availability of Aids to 30.00 Feb/2016 30.00 20-Mar- 30.00 20-Mar- 95.00 Dec/2025 Navigation along 2024 2024 Project Corridors (%) (Percentage) 1.89 May/2016 1.89 29-Sept- 1.89 29-Sept- 2.90 Dec/2025 Regional trade and 2022 2022 transit traffic (million Comments on This indicator will be dropped tons) (Metric ton) achieving targets Increase in Tariffs 14.50 Feb/2016 14.50 29-Sept- 14.50 29-Sept- 29.00 Dec/2025 associated with 2022 2022 Development and Comments on This indicator will be dropped Maintenance of achieving targets Infrastructure (USD Jul 06, 2024 Page 4 of 9 The World Bank Implementation Status & Results Report Bangladesh Regional Waterway Transport Project 1 (P154511) millions) (Amount(USD)) Travel time on the 40.00 Feb/2016 40.00 29-Sept- 30.00 Dec/2025 Dhaka-Chittagong 2022 Corridor for cargo Comments on This indicator will be dropped vessels (Hours) achieving targets (Hours) 19 on average Mar/2022 19 on average 04-Oct- 19 on 04-Oct- TBD Dec/2025 (over a score (over a score 2023 average 2023 of -100 to of -100 to 100 (over a 100+) score of - Satisfaction of 100 to passengers at project 100 terminals (Text) Comments on The PIU carried out the baseline survey in end-2022 that found an overall achieving targets satisfaction score of -19 over 6 criteria. Another survey will be conducted once the terminal works are completed. 6.2 Intermediate Results Indicators by Components Component 1: Improved Inland Waterway Navigation Baseline Actual (Previous) Actual (Current) Closing Period Indicator Name Value Month/Year Value Date Value Date Value Month/Year Performance-based No Feb/2016 Yes 20-Mar- Yes 20-Mar- Yes Dec/2025 contract for navigation 2024 2024 improvement signed (Yes/No) (Yes/No) Number of Aids to 20.00 Feb/2016 20.00 20-Mar- 100.00 Dec/2025 Navigation installed 2024 (Number) Jul 06, 2024 Page 5 of 9 The World Bank Implementation Status & Results Report Bangladesh Regional Waterway Transport Project 1 (P154511) Light buoys 20.00 Feb/2016 20.00 20-Mar- 100.00 Dec/2025 (Number) 2024 Shore beacons 15.00 Feb/2016 15.00 20-Mar- 15.00 20-Mar- 150.00 Dec/2025 (Number) 2024 2024 Channel markers 5.00 Feb/2016 5.00 20-Mar- 300.00 Dec/2025 (Number) 2024 Framework for private No Feb/2016 No 20-Mar- Yes Dec/2025 sector investment in 2024 inland water transport developed (Yes/No) (Yes/No) Component 2: Improved Services at Priority Inland Waterway Terminals and Landing Stations Baseline Actual (Previous) Actual (Current) Closing Period Indicator Name Value Month/Year Value Date Value Date Value Month/Year Number of cargo 0.00 Feb/2016 0.00 20-Mar- 2.00 Dec/2025 terminals built or 2024 rehabilitated (Number) Number of passenger 0.00 Feb/2016 0.00 20-Mar- 4.00 Dec/2025 terminals built or 2024 rehabilitated (Number) Number of passenger 0.00 Feb/2016 0.00 20-Mar- 15.00 Dec/2025 landing ghats built or 2024 rehabilitated (Number) Component 3: Institutional Capacity Development and Sector Sustainability Baseline Actual (Previous) Actual (Current) Closing Period Indicator Name Value Month/Year Value Date Value Date Value Month/Year Jul 06, 2024 Page 6 of 9 The World Bank Implementation Status & Results Report Bangladesh Regional Waterway Transport Project 1 (P154511) 0.00 Feb/2016 35.00 20-Mar- 0.00 Dec/2025 2024 Comments on About 65% of the respondents found to be dissatisfied (“Somewhat Satisfaction of achieving targets Dissatisfied” - 30%, and “Very Dissatisfied” - 35%) with the consultation beneficiaries with consultation process process. Only 10% of them considered the consultation process somewhat (Percentage) satisfactory (“Somewhat Satisfied” – 10% and “Very Satisfied” - 0%)’ and 25% of the respondents were “Neutral” (no opinion) about the consultation process.” Number of Class I 0.00 Feb/2016 0.00 20-Mar- 5.00 Dec/2025 routes with ENCs 2024 produced (Number) Jul 06, 2024 Page 7 of 9 The World Bank Implementation Status & Results Report Bangladesh Regional Waterway Transport Project 1 (P154511) 7. DATA ON FINANCIAL PERFORMANCE 7.1 Cumulative Disbursements 7.2 Disbursements (by loan) Loan/Credit/ Cancelle Undisburs Status Original Revised Disbursed % Disbursed TF d ed IDA-58420 Effective 360.00 234.00 126.00 80.22 134.80 34.28% 7.3 Key Dates (by loan) Orig. Rev. Loan/Credit/TF Status Approval Signing Effectiveness Closing Closing 21-Dec- 30-Jun- 31-Dec- IDA-58420 Effective 16-Jun-2016 20-Mar-2017 2016 2024 2025 Jul 06, 2024 Page 8 of 9 The World Bank Implementation Status & Results Report Bangladesh Regional Waterway Transport Project 1 (P154511) 8. KEY DATES Key Events Planned Actual Approval 16-Jun-2016 16-Jun-2016 Effectiveness Not Available 20-Mar-2017 Mid-Term Review No. 01 28-Jan-2021 31-Mar-2021 Operation Closing/Cancellation 31-Dec-2025 9. RESTRUCTURING HISTORY Restructuring Level 2 Approved on 11-Apr-2018 Restructuring Level 2 Approved on 25-Apr-2020 10. ASSOCIATED OPERATION(S) There are no associated operations Jul 06, 2024 Page 9 of 9