Public Disclosure Copy The World Bank Implementation Status & Results Report Regional Development Project (P126033) Regional Development Project (P126033) EUROPE AND CENTRAL ASIA | Georgia | Urban Development Global Practice | IBRD/IDA | Specific Investment Loan | FY 2012 | Seq No: 4 | ARCHIVED on 09-Feb-2015 | ISR16295 | Implementing Agencies: Key Dates Key Project Dates Board 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-2016 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 Implementation Status and Key Decisions 2/9/2015 Page 1 of 7 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Regional Development Project (P126033) The Project is on track to achieve its development objective. The overall implementation is assessed as satisfactory. The Project Implementation Entity (MDF) almost completed its reorganization process to improve its quality of supervision, contract management and coordination with various agencies involved. Considerable amount of works have been completed. The mission acknowledged not only the outputs achieved under the project, but also the outcomes already visible on the ground. In sites in which the project provided financing for physical investments, as well as in their proximity, a number of small businesses have opened, creating permanent job opportunities for Georgians, while offering services to both the resident population and tourists (main streets of Telavi, road to David Gareji, road segments per PPP sub-projects completed, etc.). A review of the Intermediate Results Indicators after 29 months (almost 2.5 years) of implementation presents good results. Risks Systematic Operations Risk-rating Tool Risk Category Rating at Approval Previous Rating Current Rating Political and Governance  --  --  Moderate Macroeconomic  --  --  Low Sector Strategies and Policies  --  --  Low Technical Design of Project or Program  --  --  Substantial Institutional Capacity for Implementation and Sustainability  --  --  Low Fiduciary  --  --  Low Environment and Social  --  --  Moderate Stakeholders  --  --  Low Other  --  --  -- Overall  --  --  Moderate Results Project Development Objective Indicators PHINDPDOTBL  Increase weighted average number of hours per day of piped water services in project areas (Number, Custom) 2/9/2015 Page 2 of 7 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Regional Development Project (P126033) Baseline Actual (Previous) Actual (Current) End Target Value 8.00 12.00 12.00 24.00 Date 30-May-2012 06-Jun-2014 24-Dec-2014 31-Dec-2016 PHINDPDOTBL  Reduce weighted average vehicle operating cost due to improved urban roads (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 100.00 92.00 90.00 75.00 Date 30-May-2012 06-Jun-2014 24-Dec-2014 31-Dec-2016 PHINDPDOTBL  Increase volume of private sector investments (Amount(USD), Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 10.00 10.00 50.00 Date 30-May-2012 06-Jun-2014 24-Dec-2014 31-Dec-2016 PHINDPDOTBL  Increase number of hotel beds in circuit route areas (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 1610.00 2511.00 2719.00 1932.00 Date 30-May-2012 31-Oct-2013 24-Dec-2014 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 248.00 282.00 300.00 323.00 Date 30-May-2012 31-Oct-2013 24-Dec-2014 31-Dec-2016 2/9/2015 Page 3 of 7 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Regional Development Project (P126033) Overall Comments Intermediate Results Indicators 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 4258.00 500.00 Date 30-May-2012 06-Jun-2014 24-Dec-2014 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 40400.00 40400.00 50000.00 Date 30-May-2012 06-Jun-2014 24-Dec-2014 31-Dec-2016 PHINDIRITBL  Number of private investment proposals approved (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 9.00 10.00 10.00 Date 30-May-2012 06-Jun-2014 24-Dec-2014 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 5.00 11.00 11.00 Date 30-May-2012 06-Jun-2014 24-Dec-2014 31-Dec-2016 2/9/2015 Page 4 of 7 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 2000.00 19449.00 10000.00 Date 30-May-2012 06-Jun-2014 24-Dec-2014 31-Dec-2016 PHINDIRITBL  Number ofstablished 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 06-Jun-2014 24-Dec-2014 31-Dec-2016 PHINDIRITBL  Number of buildings restored in Telavi, Kvareli and Dartlo (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 210.00 210.00 150.00 Date 30-May-2012 06-Jun-2014 24-Dec-2014 31-Dec-2016 PHINDIRITBL  Direct project beneficiaries (Number, Core) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 54500.00 54900.00 30800.00 Date 30-May-2012 06-Jun-2014 24-Dec-2014 31-Dec-2016 2/9/2015 Page 5 of 7 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 28504.00 28504.00 16140.00 Date 30-May-2012 06-Jun-2014 24-Dec-2014 31-Dec-2016 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 52.37 7.63 87% 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-2016 Cumulative Disbursements 2/9/2015 Page 6 of 7 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Regional Development Project (P126033) Restructuring History There has been no restructuring to date. Related Project(s) There are no related projects. 2/9/2015 Page 7 of 7 Public Disclosure Copy