Public Disclosure Copy The World Bank Implementation Status & Results Report Regional Development Project (P126033) Regional Development Project (P126033) EUROPE AND CENTRAL ASIA | Georgia | Social, Urban, Rural and Resilience Global Practice Global Practice | IBRD/IDA | Specific Investment Loan | FY 2012 | Seq No: 7 | ARCHIVED on 22-Jun-2016 | ISR24124 | Implementing Agencies: Georgia Municipal Development Fund Key Dates Key Project Dates Bank Approval Date:20-Mar-2012 Effectiveness Date:31-May-2012 Planned Mid Term Review Date:14-Oct-2013 Actual Mid-Term Review Date:26-May-2014 Original Closing Date:31-Dec-2016 Revised Closing Date:31-Dec-2017 Project Development Objectives Project Development Objective (from Project Appraisal Document) The Project Development Objective is to improve infrastructure services and institutional capacity to support the development of tourism-based economy and cultural heritage circuits in the Kakheti region Has the Project Development Objective been changed since Board Approval of the Project Objective? No PHRPDODEL Components Name Infrastructure Investment:(Cost $56.90 M) Institutional Development:(Cost $3.10 M) Overall Ratings Name Previous Rating Current Rating Progress towards achievement of PDO  Satisfactory  Satisfactory Overall Implementation Progress (IP)  Satisfactory  Satisfactory Overall Risk Rating  Moderate  Moderate Implementation Status and Key Decisions 6/22/2016 Page 1 of 8 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Regional Development Project (P126033) The Project was approved on March 20, 2012 and made effective May 31, 2012. As of June 9, 2016, the Project has disbursed US$ 56.3 million (94 percent of the total loan). In a letter dated November 20, 2015, the Government of Georgia requested an extension of the project closing date from December 31, 2016 to December 31, 2017. The proposed extension will enable the project to complete 5 sub-projects and capacity-building activities related to destination management. Risks Systematic Operations Risk-rating Tool 6/22/2016 Page 2 of 8 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Regional Development Project (P126033) Risk Category Rating at Approval Previous Rating Current Rating Political and Governance  --  Moderate  Moderate Macroeconomic  --  Low  Low Sector Strategies and Policies  --  Low  Low Technical Design of Project or Program  --  Substantial  Substantial Institutional Capacity for Implementation and Sustainability  --  Low  Low Fiduciary  --  Moderate  Moderate Environment and Social  --  Moderate  Moderate Stakeholders  --  Low  Low Other  --  --  -- Overall  --  Moderate  Moderate Results Project Development Objective Indicators PHINDPDOTBL  Increase weighted average number of hours per day of piped water services in project areas (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 8.00 14.00 14.00 24.00 Date 30-May-2012 02-May-2016 02-May-2016 31-Dec-2016 Comments Please note: the United Water Company expressed concerns that the 24hr/day supply might be too ambitious, as this target has not been achieved anywhere in the country yet. A more realistic target, in line with the best standards in the country, would be in the range of 16hr/day. The M&E consultant will also review the realism of this indicator and recommend by early October 2016 if any change would be required for this specific indicator. PHINDPDOTBL  Reduce weighted average vehicle operating cost due to improved urban roads (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 100.00 80.00 80.00 75.00 Date 30-May-2012 02-May-2016 02-May-2016 31-Dec-2016 6/22/2016 Page 3 of 8 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Regional Development Project (P126033) PHINDPDOTBL  Increase volume of private sector investments (Amount(USD), Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 17000000.00 17000000.00 50000000.00 Date 30-May-2012 02-May-2016 02-May-2016 31-Dec-2016 Comments Note: the ongoing M&E consultancy will be carrying out a detailed review of the volume of PS investments leveraged by the project and the indicator will be updated by October 2016 to reflect the actual achievements. Preliminary statistics provided by the Kakheti Governor’s office show impressive achievements in relation to this indicator (with conservative preliminary estimates around $30million for four municipalities[1] out of 8 in the region and in the range of $50 million for the whole region). PHINDPDOTBL  Increase number of hotel beds in circuit route areas (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 1610.00 2838.00 2838.00 1932.00 Date 30-May-2012 02-May-2016 02-May-2016 31-Dec-2016 PHINDPDOTBL  Increase points of sales (tickets, souvenirs shops, restaurants, hotels, guesthouse and family houses) in renovated culture heritage sites and cities (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 248.00 310.00 310.00 323.00 Date 30-May-2012 02-May-2016 02-May-2016 31-Dec-2016 Overall Comments Intermediate Results Indicators 6/22/2016 Page 4 of 8 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Regional Development Project (P126033) PHINDIRITBL  Piped household water connections that are benefiting from rehabilitation works undertaken by the project (Number, Core) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 4258.00 4258.00 5000.00 Date 30-May-2012 02-May-2016 02-May-2016 31-Dec-2016 PHINDIRITBL  Number of people in urban areas provided with access to all-season roads within a 500 meter range under the project (Number, Core) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 84100.00 84100.00 50000.00 Date 30-May-2012 02-May-2016 02-May-2016 31-Dec-2016 PHINDIRITBL  Number of private investment proposals approved (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 11.00 11.00 10.00 Date 30-May-2012 02-May-2016 02-May-2016 31-Dec-2016 PHINDIRITBL  Number of redeveloped culture heritage sites along the the tourist circuit (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 11.00 11.00 11.00 Date 30-May-2012 30-Jun-2015 30-Jun-2015 31-Dec-2016 6/22/2016 Page 5 of 8 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Regional Development Project (P126033) PHINDIRITBL  Production/Distribution of new maps based on geotourism database (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 19449.00 19449.00 10000.00 Date 30-May-2012 02-May-2016 02-May-2016 31-Dec-2016 PHINDIRITBL  Number of established and operating of destinataion management offices (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 3.00 Date 30-May-2012 02-May-2016 02-May-2016 31-Dec-2016 PHINDIRITBL  Number of buildings restored in Telavi, Kvareli and Dartlo (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 217.00 217.00 150.00 Date 30-May-2012 02-May-2016 02-May-2016 31-Dec-2016 PHINDIRITBL  Direct project beneficiaries (Number, Core) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 87800.00 87800.00 30800.00 Date 30-May-2012 02-May-2016 02-May-2016 31-Dec-2016 6/22/2016 Page 6 of 8 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Regional Development Project (P126033) PHINDIRITBL  Female beneficiaries (Percentage, Core Supplement) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 45770.00 45770.00 16140.00 Overall Comments Data on Financial Performance Disbursements (by loan) Project Loan/Credit/TF Status Currency Original Revised Cancelled Disbursed Undisbursed Disbursed P126033 IBRD-81480 Effective USD 60.00 60.00 0.00 56.31 3.69 94% Key Dates (by loan) Project Loan/Credit/TF Status Approval Date Signing Date Effectiveness Date Orig. Closing Date Rev. Closing Date P126033 IBRD-81480 Effective 20-Mar-2012 28-Mar-2012 31-May-2012 31-Dec-2016 31-Dec-2017 Cumulative Disbursements 6/22/2016 Page 7 of 8 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Regional Development Project (P126033) Restructuring History Level 2 Approved on 06-Jun-2016 Related Project(s) There are no related projects. 6/22/2016 Page 8 of 8 Public Disclosure Copy