The World Bank Implementation Status & Results Report SERBIA ROAD REHABILITATION AND SAFETY PROJECT (P127876) SERBIA ROAD REHABILITATION AND SAFETY PROJECT (P127876) EUROPE AND CENTRAL ASIA | Serbia | Transport Global Practice | IBRD/IDA | Investment Project Financing | FY 2013 | Seq No: 11 | ARCHIVED on 31-May-2019 | ISR36818 | Implementing Agencies: Republic of Serbia, Public Enterprise Roads of Serbia Key Dates Key Project Dates Bank Approval Date: 26-Apr-2013 Effectiveness Date: 24-Oct-2014 Planned Mid Term Review Date: 13-Nov-2017 Actual Mid-Term Review Date: 13-Nov-2017 Original Closing Date: 31-Oct-2018 Revised Closing Date: 30-Jun-2020 pdoTable 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 Objective? No Components Table Name Road Rehabilitation and Safety Investments (264 million Euros):(Cost $357.72 M) Institutional Strengthening (3.10 million Euros):(Cost $4.20 M) Project Detailed Design, Supervision, Management and Monitoring (18.4 million Euros):(Cost $25.56 M) Overall Ratings Name Previous Rating Current Rating Progress towards achievement of PDO Moderately Unsatisfactory Moderately Satisfactory Overall Implementation Progress (IP) Moderately Satisfactory Moderately Satisfactory Overall Risk Rating Moderate Moderate Implementation Status and Key Decisions All 9 sections (total 121.4 km) under the revised works implementation program have been tendered, and significant progress is expected during the 2019 construction season. 2018 end-of-the-year conversion of about Euro 6 million (involving all three DLIs) is expected to be submitted by the end of May 2019. The targets for DLI1, referring to the cumulative km of road rehabilitated and safety measures incorporated under the project, are on track. DLI2 and DLI3 regarding road safety and PBMCs have been mostly completed. Since the previous ISR, significant improvements with respect to environmental safeguards related issues have occurred, and rating for the environmental safeguards related activities has been upgraded to Moderately Satisfactory. Social safeguards performance continues being satisfactory. Financial Management arrangements for planning and budgeting, accounting, financial reporting, internal controls and flow of funds are assessed to be satisfactory. Overall, project rating for achievement towards achievement of PDO to be upgraded to Moderately Satisfactory as well. 6/14/2019 Page 1 of 5 The World Bank Implementation Status & Results Report SERBIA ROAD REHABILITATION AND SAFETY PROJECT (P127876) Risks Systematic Operations Risk-rating Tool Risk Category Rating at Approval Previous Rating Current Rating Political and Governance -- Substantial Substantial Macroeconomic -- Moderate Moderate Sector Strategies and Policies -- Moderate Moderate Technical Design of Project or Program -- Moderate Moderate Institutional Capacity for Implementation and Sustainability -- Moderate Moderate Fiduciary -- Moderate Moderate Environment and Social -- Substantial Substantial Stakeholders -- Low Low Other -- -- -- Overall -- Moderate Moderate Results PDO Indicators by Objectives / Outcomes To improve the condition and safety of the Serbian National Road Network for road users IN00695466 ►Reduction in road traffic accidents with fatalities on the improved roads in the first phase of NRNRP (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 100.00 100.00 100.00 90.00 Date 30-Apr-2014 03-Dec-2018 03-Dec-2018 30-Jun-2020 IN00695467 ►Improvement in road conditions measured by a reduction in the average IRI for the roads in the first phase of NRNRP (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 5.34 4.70 4.70 2.50 Date 30-Oct-2014 03-Dec-2018 03-Dec-2018 30-Jun-2020 Intermediate Results Indicators by Components 6/14/2019 Page 2 of 5 The World Bank Implementation Status & Results Report SERBIA ROAD REHABILITATION AND SAFETY PROJECT (P127876) Road Rehabilitation and Safety Investments (264 million Euros) IN00695468 ►Roads in good and fair condition as a share of total classified roads (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 58.79 58.79 58.79 61.30 Date 30-Oct-2014 03-Dec-2018 03-Dec-2018 30-Jun-2020 IN00695471 Size of the total classified network (Kilometers, Custom Supplement) Baseline Actual (Previous) Actual (Current) End Target Value 16,900.00 16,900.00 16,900.00 16,900.00 IN00695472 ►Roads rehabilitated, Non-rural (Kilometers, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 132.20 132.20 248.60 Date 15-Dec-2014 03-Dec-2018 03-Dec-2018 30-Jun-2020 Institutional Strengthening (3.10 million Euros) IN00695469 ►Road Condition Survey Completed on National Roads (Kilometers, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 9,000.00 Date 30-Oct-2014 03-Dec-2018 03-Dec-2018 30-Jun-2020 IN00695470 ►Safety Inspection of National Roads beyond the first phase of NRNRP (Kilometers, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 1,016.00 1,016.00 1,000.00 Date 30-Oct-2014 03-Dec-2018 03-Dec-2018 30-Jun-2020 IN00695473 ►PBMC Contracts in Implementation (Kilometers, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 3,000.00 3,000.00 3,000.00 Date 30-Oct-2014 03-Dec-2018 03-Dec-2018 30-Jun-2020 IN00695474 ►Implementation of a circular for the preparation of rehabilitation program based socioeconomic & regional considerations (Text, Custom) 6/14/2019 Page 3 of 5 The World Bank Implementation Status & Results Report SERBIA ROAD REHABILITATION AND SAFETY PROJECT (P127876) Baseline Actual (Previous) Actual (Current) End Target None, except for on IFI None, except for on IFI None, except for on IFI Implementation of a Value funded projects funded projects funded projects circular Date 30-Oct-2014 03-Dec-2018 03-Dec-2018 30-Jun-2020 Overall Comments IR As revision of the data on indicators (such as road network, road inspections, etc.) are done on an end-of-the- year basis, no updates are available for this ISR cycle. Data on Financial Performance Disbursements (by loan) Project Loan/Credit/TF Status Currency Original Revised Cancelled Disbursed Undisbursed % Disbursed P127876 IBRD-82550 Effective USD 100.00 76.43 23.57 58.90 4.92 92% Key Dates (by loan) Project Loan/Credit/TF Status Approval Date Signing Date Effectiveness Date Orig. Closing Date Rev. Closing Date P127876 IBRD-82550 Effective 26-Apr-2013 27-Nov-2013 24-Oct-2014 31-Oct-2018 30-Jun-2020 Cumulative Disbursements 6/14/2019 Page 4 of 5 The World Bank Implementation Status & Results Report SERBIA ROAD REHABILITATION AND SAFETY PROJECT (P127876) Restructuring History Level 2 Approved on 13-Jan-2015 ,Level 2 Approved on 26-Jun-2018 Related Project(s) There are no related projects. 6/14/2019 Page 5 of 5