77501 v2

Restructuring                                                                       Status: Archived
Restructuring Type: Level two
Last modified on date : 04/29/2013

1. Basic Information
Project ID & Name                              P106906: LAND ADMIN & MGT
Country                                        Montenegro
Task Team Leader                               Olivera Jordanovic
Sector Manager/Director                        Kulsum Ahmed
Country Director                               Ellen A. Goldstein
Original Board Approval Date                   12/09/2008
Original Closing Date:                         04/30/2014
Current Closing Date                           04/30/2014
Proposed Closing Date [if applicable]          04/30/2015
EA Category                                    B-Partial Assessment
Revised EA Category                            B-Partial Assessment-Partial Assessment
EA Completion Date                             02/29/2008
Revised EA Completion Date


2. Revised Financing Plan (US$m)
Source                                                   Original                        Revised
BORR                                                          16.11                            16.11
IBRD                                                          16.20                            16.20
Total                                                         32.31                            32.31


3. Borrower
         Organization                          Department                           Location
Ministry of Finance                                                    Montenegro


4. Implementing Agency
          Organization                           Department                        Location
Real Estate Administration              Ministry of Finance           Montenegro
Department
Ministry of Sustainable                                               Montenegro
Development and Tourism




                                                     i
5. Disbursement Estimates (US$m)
Actual amount disbursed as of 05/08/2013                                                      6.75
         Fiscal Year                             Annual                         Cumulative
2013                                                         1.20                             7.95
2014                                                         2.88                            10.83
2015                                                         3.50                            14.33
                                                         Total                               14.33


6. Policy Exceptions and Safeguard Policies
Does the restructured project require any exceptions to Bank policies?                           N


Does the restructured projects trigger any new safeguard policies? If yes, please select         N
from the checklist below and update ISDS accordingly before submitting the package.




7a. Project Development Objectives/Outcomes
Original/Current Project Development Objectives/Outcomes
To improve the efficiency of permitting and property registration system.



7b. Revised Project Development Objectives/Outcomes [if applicable]




                                                    ii