The World Bank Report No: ISR14538 Implementation Status & Results Serbia SERBIA ROAD REHABILITATION AND SAFETY PROJECT (P127876) Public Disclosure Copy Operation Name: SERBIA ROAD REHABILITATION AND SAFETY PROJECT Project Stage: Implementation Seq.No: 2 Status: ARCHIVED Archive Date: 04-May-2014 (P127876) Country: Serbia Approval FY: 2013 Product Line: IBRD/IDA Region: EUROPE AND CENTRAL ASIA Lending Instrument: Specific Investment Loan Implementing Agency(ies): Public Enterprise Roads of Serbia Key Dates Board Approval Date 26-Apr-2013 Original Closing Date 31-Oct-2018 Planned Mid Term Review Date Last Archived ISR Date 12-Oct-2013 Effectiveness Date Revised Closing Date 31-Oct-2018 Actual Mid Term Review Date Project Development Objectives Project Development Objective (from Project Appraisal Document) The proposed PDO is to improve the condition and safety of the National Road Network for road users by supporting the Republic of Serbia in the implementation of the first phase of its National Road Network Rehabilitation Program. Has the Project Development Objective been changed since Board Approval of the Project? Yes No Component(s) Component Name Component Cost Road Rehabilitation and Safety Investments (264 million Euros) 357.72 Institutional Strengthening (3.10 million Euros) 4.20 Project Detailed Design, Supervision, Management and Monitoring (18.86 million E 25.56 Overall Ratings Public Disclosure Copy Previous Rating Current Rating Progress towards achievement of PDO Satisfactory Satisfactory Overall Implementation Progress (IP) Moderately Satisfactory Moderately Satisfactory Overall Risk Rating Moderate Moderate Implementation Status Overview The Project involves co-financing with the European Development Bank and parallel financing with the European Bank for Reconstruction and Development. A cabinet restructuring in Serbia in July 2013 followed by a review of all projects supported by multilateral of bilateral financing delayed the Project signing by the Government. Signing took place on November 27, 2013 The recent parliamentary elections have delayed the ratification of the Project's legal agreements and the signing of the subsidiary agreement between the Government of Serbia (once formed) and Public Enterprise Roads of Serbia. Loan Effectiveness is expected in June 2014. Page 1 of 4 The World Bank Report No: ISR14538 Locations No Location data has been entered Public Disclosure Copy Results Project Development Objective Indicators Indicator Name Core Unit of Measure Baseline Current End Target Reduction in road traffic accidents with Percentage Value 100.00 90.00 fatalities on the improved roads in the first Date 30-Oct-2012 31-Oct-2018 phase of NRNRP Comments Improvement in road conditions measured by a Number Value 5.42 2.50 reduction in the average IRI for the roads in the Date 30-Oct-2012 31-Oct-2018 first phase of NRNRP Comments Intermediate Results Indicators Indicator Name Core Unit of Measure Baseline Current End Target Road Condition Survey Completed on National Kilometers Value 0.00 9000.00 Roads Date 30-Oct-2012 31-Oct-2018 Comments Implementation of a circular for the preparation Text Value None, except for on IFI Implementation of a circular of rehabilitation program based socioeconomic funded projects & regional considerations Date 30-Oct-2012 31-Oct-2018 Comments PBMC Contracts in Implementation Kilometers Value 600.00 3000.00 Date 30-Oct-2012 31-Oct-2018 Comments Roads rehabilitated, Non-rural Kilometers Value 0.00 1125.00 Public Disclosure Copy Date 30-Oct-2012 31-Oct-2018 Comments Safety Inspection of National Roads beyond Kilometers Value 0.00 1000.00 the first phase of NRNRP Date 30-Oct-2012 31-Oct-2018 Comments Roads in good and fair condition as a share of Percentage Value total classified roads Date Comments Page 2 of 4 The World Bank Report No: ISR14538 Size of the total classified network Kilometers Value 9000.00 9000.00 Sub Type Supplemental Public Disclosure Copy Data on Financial Performance (as of 09-Dec-2013) Financial Agreement(s) Key Dates Project Ln/Cr/Tf Status Approval Date Signing Date Effectiveness Date Original Closing Date Revised Closing Date P127876 IBRD-82550 Not Effective 26-Apr-2013 27-Nov-2013 31-Oct-2018 31-Oct-2018 Disbursements (in Millions) Project Ln/Cr/Tf Status Currency Original Revised Cancelled Disbursed Undisbursed % Disbursed P127876 IBRD-82550 Not Effective USD 100.00 100.00 0.00 0.00 100.00 0.00 Disbursement Graph Public Disclosure Copy Key Decisions Regarding Implementation Loan Effectiveness expected in June 2014. Restructuring History There has been no restructuring to date. Page 3 of 4 The World Bank Report No: ISR14538 Related Projects There are no related projects. Public Disclosure Copy Public Disclosure Copy Page 4 of 4