Public Disclosure Copy The World Bank Implementation Status & Results Report Nigeria - Public/Private Partnership Program (P115386) Nigeria - Public/Private Partnership Program (P115386) AFRICA | Nigeria | Trade & Competitiveness Global Practice | IBRD/IDA | Adaptable Program Loan | FY 2011 | Seq No: 10 | ARCHIVED on 30-Jun-2016 | ISR24471 | Implementing Agencies: Coordinating Ministry of Finance and Economy Key Dates Key Project Dates Bank Approval Date:17-Mar-2011 Effectiveness Date:15-Dec-2011 Planned Mid Term Review Date:21-Oct-2015 Actual Mid-Term Review Date:11-Dec-2015 Original Closing Date:29-Dec-2017 Revised Closing Date:29-Dec-2017 Project Development Objectives Project Development Objective (from Project Appraisal Document) The overall development objective (PDO) for this APL Program is to increase private investment in the Nigeria PPP infrastructure market and specifically the core infrastructure sectors. The development objective for Phase I is to establish effective institutionaland technical mechanisms and instruments for origination and development of PPP projects. Has the Project Development Objective been changed since Board Approval of the Project Objective? No PHRPDODEL Components Name 1. Capacity Building and Legal/Regulatory Reform:(Cost $39.60 M) 2. PPP Preparation and Transaction Advisory Support:(Cost $62.70 M) 3. Project Implementation and Monitoring and Evaluation:(Cost $7.90 M) Overall Ratings Name Previous Rating Current Rating Progress towards achievement of PDO  Unsatisfactory  Unsatisfactory Overall Implementation Progress (IP)  Unsatisfactory  Unsatisfactory Overall Risk Rating  High  High 6/30/2016 Page 1 of 5 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Nigeria - Public/Private Partnership Program (P115386) Implementation Status and Key Decisions The Mid-Term Review (MTR) for the project took place December 7-11, 2015. Following this MTR, the Nigerian authorities and the World Bank need to agree on a significant restructuring of the project to ensure the project is able to meet its development objective: i.e. effectively supporting the development of PPPs in infrastructure in Nigeria. Discussions are ongoing between the Federal Ministry of Finance and the World Bank. Risks Systematic Operations Risk-rating Tool Risk Category Rating at Approval Previous Rating Current Rating Political and Governance  --  Substantial  Substantial Macroeconomic  --  Substantial  High Sector Strategies and Policies  --  High  High Technical Design of Project or Program  --  High  High Institutional Capacity for Implementation and Sustainability  --  High  High Fiduciary  --  Substantial  Substantial Environment and Social  --  Substantial  Substantial Stakeholders  --  Substantial  Substantial Other  --  --  -- Overall  --  High  High Results Project Development Objective Indicators PHINDPDOTBL  Five (5) transactions meet commercial close (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target 6/30/2016 Page 2 of 5 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Nigeria - Public/Private Partnership Program (P115386) Value 0.00 0.00 0.00 5.00 Date 18-Feb-2011 11-Dec-2015 28-Jun-2016 29-Dec-2017 Overall Comments PDO indicators revised, as the PDO indicators previously included (completion (financial closure) of a minimum of 3 PPP projects; and private investments in total core infrastructure investment reaches USD 1 billion) referred to the overall APL Program. However, the second phase of the APL Program (USD 200 million) was cancelled in 2013. Intermediate Results Indicators PHINDIRITBL  Signing of MOUs between sponsoring ministries (SP is defined here to include works, transport, aviation, power, FCT) and ICRC (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 5.00 Date 18-Feb-2011 11-Dec-2015 28-Jun-2016 29-Dec-2017 Comments At the request of the Federal Ministry of Finance, project implementation was shifted in March 2014 from ICRC to the Federal Ministry of Finance PPP Unit. This is however not (yet) reflected in the Financing Agreement, as a project restructuring was initiated in 2013 but not completed because of the 2015 Presidential elections in Nigeria. A new request for restructuring is expected by end June 2016. PHINDIRITBL  Establishment of PPP ProjectTeams/Units in each of the Sponsoring Ministries to effectively manage PPP development work in line with approved Long-List Pipeline (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 2.00 2.00 5.00 Date 18-Feb-2011 11-Dec-2015 28-Jun-2016 29-Dec-2017 Comments There is a PPP Unit in the Ministry of Public Works (now Ministry of Power, Works and Housing) and a PPP Unit within Ministry of Health. However it is unclear whether the establishment of these 2 PPP Units can be attributed to the Project. The Office of the Head of the Civil Service of the Federation sent out a circular to all MDAs to establish PPP Units on November 29, 2012. The FMOF PPP Unit establishes Project Delivery Teams (PDT) to drive the PPP transactions supported by the Project. PDT have therefore been established for Kirikiri Lighter Terminals Iⅈ Onitsha, Oguta, Lokoja and Baro River Ports; Silos and LUTH (Lagos University Teaching Hospital) Diagnostic and Treatment Center. BPE is leading the privatization process for Bank of Agriculture, Bank of Industry and Nigeria Commodities Exchange. 6/30/2016 Page 3 of 5 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Nigeria - Public/Private Partnership Program (P115386) PHINDIRITBL  Presidential approval of detailed PPP regulations and evidence of the active application of these regulations to the PPP business activities (Yes/No, Custom) Baseline Actual (Previous) Actual (Current) End Target Value N N N Y Date 18-Feb-2011 11-Dec-2015 28-Jun-2016 29-Dec-2017 PHINDIRITBL  Completion of up to 15 Outline Business Case (OBC) proposals and related safeguards assessments submitted to Minister of Finance for clearance in line with National PPP Policy Guidelines (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 2.00 3.00 15.00 Date 18-Feb-2011 11-Dec-2015 28-Jun-2016 29-Dec-2017 Comments Completion of 4 OBC: Kuje Water Supply Abuja, Federal Capital Territory (FCT decided not to move forward with the transaction), Kirikiri Lighter Terminal I&II, Onitsha River Ports and 33 silos. The Project has also completed 3 FBC (Full Business Case) for Kirikiri Lighter Terminal, Onitsha (in February 2016) and the 33 silos (in May 2016). The Project targets the completion of up to 10 FBC to be submitted to FEC in line with the National PPP Policy Guidelines. Overall Comments Data on Financial Performance Disbursements (by loan) Project Loan/Credit/TF Status Currency Original Revised Cancelled Disbursed Undisbursed Disbursed P115386 IDA-48810 Effective XDR 73.70 73.70 0.00 11.42 62.28 15% Key Dates (by loan) Project Loan/Credit/TF Status Approval Date Signing Date Effectiveness Date Orig. Closing Date Rev. Closing Date P115386 IDA-48810 Effective 17-Mar-2011 25-Sep-2011 15-Dec-2011 29-Dec-2017 29-Dec-2017 Cumulative Disbursements 6/30/2016 Page 4 of 5 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Nigeria - Public/Private Partnership Program (P115386) Restructuring History There has been no restructuring to date. Related Project(s) There are no related projects. 6/30/2016 Page 5 of 5 Public Disclosure Copy