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Document of
 
The World Bank 
 
Report No: 58206-RO 
 
RESTRUCTURING PAPER 
 
ON A 
 
PROPOSED PROJECT RESTRUCTURING  
OF  
HAZARD RISK MITIGATION & EMERGENCY PREPAREDNESS PROJECT 
 LOAN 4736 RO AND GEF TF 053472 
BOARD APPROVAL DATE  
May 20, 2004 
 
TO 
 
ROMANIA 
 
December 9, 2010 
 
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2
Regional Vice President:
Philippe Le Houérou 
Country Director:
Peter C. Harrold 
Sector Manager / Director:
Wael Zakout/Peter D. Thomson 
Task Team Leader:
Gabriel Ionita 
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3
ROMANIA  
HAZARD RISK MITIGATION AND EMERGENCY PREPAREDNESS 
PROJECT 
P099895 
CONTENTS 
 
Page 
ANNEX 2: REALLOCATION OF PROCEEDS...........................................................4
 
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4
Page  5
ANNEX 2: 
Reallocation of Proceeds 
 
______________________________________________________________________ 
 
ROMANIA 
–
HAZARD RISK MITIGATION AND EMERGENCY PREPAREDNESS 
P075163 AND P081950 
LOAN 4736 RO AND GEF TF 053472 
Restructuring Paper 
 
1. Proceeds 
for 
Romania Hazard Risk Mitigation and Emergency Preparedness 
Project, Loan 4736, P075163, 
will be reallocated as follows: 
Category of Expenditure 
Allocation (in US$) 
% of Financing 
Current Revised Current  Revised  Current 
Revised 
(1)Works for:
 
(a)  Part B of the Project
 
47,888,000 47,888,000 
(b) Part C of the Project 
61,848,000 
66,215,354 
(c) Part D of the Project 
2,883,000 
2,883,000 
(d) Part E of the Project 
 
 
(i) Part E.1 
0
0
(ii) Part E.2 
19,000 19,000 
(ii) Part E.3 
26,646 
26,646 
100% of foreign expenditures 
and 78% of local expenditures 
(incurred before March 7, 2007) 
and 78%
 
of
all expenditures 
thereafter
 
(2) Goods for: 
 
(a)  Part A of the Project
 
8,904,000 8,904,000 
(b) Part C of the Project 
239,000 
239,000 
(c) Part E of the Project 
 
 
(i) Part E.1 
69,091 69,091 
(ii) Part E.2 
235,000 
235,000 
(iii) Part E.3 
269,000 
269,000 
(iv) Part E.4 
23,000 
23,000 
(d) Part D of the Project 
1,700,000 
1,700,000 
100% of foreign expenditures 
100% of local expenditures 
(ex factory cost) and 75% for 
local expenditures for other 
items procured locally 
(incurred before March 7, 2007) 
and 75%
 
of
all expenditures 
thereafter
 
(3) Technical Services for 
Part C.5 of the Project 
0
0
100% of foreign expenditures, 
and 75% of local expenditures 
(4) Consultants' services, 
including audit and 
training, for:
 
(a)  Part A of the Project
 
3,300,000 3,300,000 
(b)  Part B of the Project
 
6,086,000 6,086,000 
75% of expenditures incurred 
by local consultants and 85% 
of foreign consultants 
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Category of Expenditure 
Allocation (in US$) 
% of Financing 
(c) Part C of the Project 
5,953,000 
5,953,000 
(d) Part E of the Project 
 
 
(i) Part E.1 
100,000 100,000 
(ii) Part E.2 
2,372,000 
2,372,000 
(iii) Part E.3 
172,000 
172,000 
(e) Part D of the Project 
550,000 
550,000 
 
(5) Operating costs for: 
 
(a) MAI PMU
 
100,909 100,909 
(b) MTCT PMU
 
328,000 328,000 
(c) MEWM PMU
 
2,085,000 2,085,000 
(d) NAMR PMU
 
482,000 482,000 
 
75% 
75% 
75% 
75% 
(6) Unallocated for:
 
(a)  Part A of the Project
 
0
0
(b)  Part B of the Project
 
0
0
(c) Part C of the Project 
4,367,354 
0 
(d) Part D of the Project 
0 
0 
 
TOTAL 150,000,000 
150,000,000
2. Proceeds 
for 
Romania Hazard Risk Mitigation and Emergency Preparedness 
Project, GEF Grant 053472, P081950,
 will be reallocated as follows: 
Allocation (US$) 
% of Financing 
Category of Expenditure 
Current Revised  Current 
Revise 
(1) Goods
 
1,150,000 1,200,000 
100%
of
foreign expenditures 
100% of local expenditures (ex 
factory cost) and 75% of local 
expenditures for other items 
procured locally  
(2) 
Works 
2,700,000 
2,700,000 
100% of foreign expenditure 
and 78% of local expenditure 
(3) 
Consultants’ services
1,600,000 
1,600,000 
75% of expenditures incurred 
by local consultants and 85% 
expenditures incurred by 
foreign consultants 
(4) 
Training, workshops 
and study tours 
330,000 360,000 
100%
(5) 
Operating costs for: 
 
(a) Part D of the Project 
210,000 
0 
(b) Part E.4 
640,000 
770,000 
 
75% 
75% 
(6) 
Unallocated 
370,000 370,000 
 
TOTAL 7,000,000 
7,000,000
 
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3. 
 The Project was approved on May 20, 2004 and became effective on October 20, 
2004.  The Project has suffered delays and slow implementation, but commitment of 
Project funds gained momentum during 2008 and now over 84 percent of Project funds 
have been committed, 68 percent of the Loan disbursed, and about 77 percent of Project 
activities completed.  The project is moderately satisfactorily progressing towards 
meeting the revised project objectives, and implementation progress is currently rated 
moderate satisfactory.   
4. 
The proposed reallocation of Loan proceeds is necessary to allow completion of 
activities under components B and C, while the proposed reallocation of GEF Grant 
proceeds is necessary to allow for better use of funds for ongoing and future contracts for 
goods and services under component D.  Although sufficient funds are available in the 
Loan and GEF Grant accounts, the Borrower’s strict regulations for management of 
scarce fiscal space under the current economic and financial crisis impose limited funds 
allocation to the implementing agencies.