The World Bank Report No: ISR7088 Implementation Status & Results Georgia Regional Development Project (P126033) Public Disclosure Copy Operation Name: Regional Development Project (P126033) Project Stage: Implementation Seq.No: 1 Status: ARCHIVED Archive Date: 30-Mar-2013 Country: Georgia Approval FY: 2012 Product Line: IBRD/IDA Region: EUROPE AND CENTRAL ASIA Lending Instrument: Specific Investment Loan Implementing Agency(ies): Georgia Municipal Development Fund Key Dates Board Approval Date 20-Mar-2012 Original Closing Date 31-Dec-2016 Planned Mid Term Review Date 14-Oct-2013 Last Archived ISR Date Effectiveness Date 31-May-2012 Revised Closing Date 31-Dec-2016 Actual Mid Term Review Date 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? Yes No Component(s) Component Name Component Cost Infrastructure Investment 56.90 Institutional Development 3.10 Overall Ratings Previous Rating Current Rating Progress towards achievement of PDO Satisfactory Public Disclosure Copy Overall Implementation Progress (IP) Satisfactory Overall Risk Rating Moderate Implementation Status Overview The project was approved by the Board on March 20, 2012 and declared effective on May 31, 2012. The project is well under implementation, especially in Telavi and Kvareli cities, where several urban regeneration activities are concentrated. By the date of this initial ISR, August 31, 2012, Environment Reviews (ER), Subproject Appraisal Reports (SARs) and bid documents of about 80% of subprojects have been approved by the Task Team and bidding process is underway. Implementation started under 20 awarded contracts. Disbursement to-date is 43% and commitment is about 80%. The project benefited from the approved retroactive financing arrangement. Locations Page 1 of 4 The World Bank Report No: ISR7088 Country First Administrative Division Location Planned Actual Georgia Kakheti Kakheti ✔ Public Disclosure Copy Results Project Development Objective Indicators Indicator Name Core Unit of Measure Baseline Current End Target Increase weighted average number of hours Number Value 8.00 8.00 24.00 per day of piped water services in project areas Date 30-May-2012 15-Aug-2012 31-Dec-2016 Comments Implementation is underway Reduce weighted average vehicle operating Percentage Value 100.00 100.00 75.00 cost due to improved urban roads Date 30-May-2012 15-Aug-2012 31-Dec-2016 Comments Implementation is underway Increase volume of private sector investments Amount(USD) Value 0.00 7.30 50.00 Date 30-May-2012 15-Aug-2012 31-Dec-2016 Comments Amount is in USD Million Submitted PS proposals in response to the 1st call for investment proposals (CfIP) to benefit from the PPP component. Increase number of hotel beds in circuit route Number Value 1610.00 1610.00 1932.00 areas Date 30-May-2012 15-Aug-2012 31-Dec-2016 Comments Increase points of sales (tickets, souvenirs Number Value 248.00 248.00 323.00 shops, restaurants, hotels, guesthouse and Date 30-May-2012 15-Aug-2012 31-Dec-2016 family houses) in renovated culture heritage Comments sites and cities Public Disclosure Copy Intermediate Results Indicators Indicator Name Core Unit of Measure Baseline Current End Target Piped household water connections that are Number Value 0.00 100.00 500.00 benefiting from rehabilitation works undertaken Date 30-May-2012 15-Aug-2012 31-Dec-2016 by the project Comments Implementation is underway Number of people in urban areas provided with Number Value 0.00 0.00 50000.00 access to all-season roads within a 500 meter Date 30-May-2012 15-Aug-2012 31-Dec-2016 range under the project Comments Implementation is underway Page 2 of 4 The World Bank Report No: ISR7088 Number of private investment proposals Number Value 0.00 2.00 10.00 approved Date 30-May-2012 15-Aug-2012 31-Dec-2016 Comments Although approved by MDF Public Disclosure Copy and its Supervisory Board, detailed appraisal of infrastructure needs is still underway. 2 SARs approved by the Bank and 8 are under review. Number of redeveloped culture heritage sites Number Value 0.00 0.00 11.00 along the the tourist circuit Date 30-May-2012 15-Aug-2012 31-Dec-2016 Comments Implementation is underway Production/Distribution of new maps based on Number Value 0.00 0.00 10000.00 geotourism database Date 30-May-2012 15-Aug-2012 31-Dec-2016 Comments Implementation is underway Number ofstablished and operating of Number Value 0.00 0.00 3.00 destinataion management offices Date 30-May-2012 31-Dec-2016 Comments EOI is underway Number of buildings restored in Telavi, Kvareli Number Value 0.00 20.00 150.00 and Dartlo Date 30-May-2012 15-Aug-2012 31-Dec-2016 Comments Implementation is underway Direct project beneficiaries Number Value 0.00 0.00 30800.00 Date 30-May-2012 15-Aug-2012 31-Dec-2016 Comments Implementation is underway Female beneficiaries Percentage Value 0.00 0.00 16140.00 Sub Type Supplemental Public Disclosure Copy Data on Financial Performance (as of 22-Oct-2012) Financial Agreement(s) Key Dates Project Ln/Cr/Tf Status Approval Date Signing Date Effectiveness Date Original Closing Date Revised Closing Date P126033 IBRD-81480 Effective 20-Mar-2012 28-Mar-2012 31-May-2012 31-Dec-2016 31-Dec-2016 Disbursements (in Millions) Project Ln/Cr/Tf Status Currency Original Revised Cancelled Disbursed Undisbursed % Disbursed P126033 IBRD-81480 Effective USD 60.00 60.00 0.00 40.50 19.50 68.00 Page 3 of 4 The World Bank Report No: ISR7088 Disbursement Graph Public Disclosure Copy Key Decisions Regarding Implementation This ISR reflects Project situation as of August 31, 2012. The project was approved by the World Bank Board of Directors on March 20, 2012 and declared effective on May 31, 2012. The project is well under implementation, especially in Telavi and Kvareli cities, where several urban regeneration activities are concentrated. Environment Reviews (ER), Subproject Appraisal Reports (SARs) and bid documents of about 80% of subprojects have been approved by the Task Team and bidding process is underway. Restructuring History There has been no restructuring to date. Related Projects There are no related projects. Public Disclosure Copy Page 4 of 4