The World Bank Report No: ISR10961 Implementation Status & Results Croatia Rijeka Gateway II (P102365) Public Disclosure Copy Operation Name: Rijeka Gateway II (P102365) Project Stage: Implementation Seq.No: 10 Status: ARCHIVED Archive Date: 26-Jun-2013 Country: Croatia Approval FY: 2009 Product Line: IBRD/IDA Region: EUROPE AND CENTRAL ASIA Lending Instrument: Specific Investment Loan Implementing Agency(ies): Key Dates Board Approval Date 11-Dec-2008 Original Closing Date 15-Dec-2014 Planned Mid Term Review Date 15-Jan-2013 Last Archived ISR Date 26-Dec-2012 Effectiveness Date 14-Jul-2009 Revised Closing Date 15-Dec-2014 Actual Mid Term Review Date Project Development Objectives Project Development Objective (from Project Appraisal Document) The overall project development objective is to develop the capacity, financial performance, and quality of services in the port of Rijeka to meet growing traffic demand, through public-private partnerships, while facilitating urban renewal by enabling the relocation of port activities. Has the Project Development Objective been changed since Board Approval of the Project? Yes No Component(s) Component Name Component Cost Port Terminal Development 98.98 Port Service Enhancement 9.34 Project Implementation 8.46 Overall Ratings Previous Rating Current Rating Public Disclosure Copy Progress towards achievement of PDO Moderately Unsatisfactory Moderately Unsatisfactory Overall Implementation Progress (IP) Moderately Unsatisfactory Moderately Unsatisfactory Overall Risk Rating Moderate Moderate Implementation Status Overview Port Construction The construction of the quay wall for the Brajdica Container Terminal has been finished. Section A - Pier Extension and Section B - Entrance Facility have been completed. Section C - Railway has been modified and the Section D- has been abandoned (part included in component A and component C). The container Terminal will be open to traffic on July 10, 2013 and works were finished in time and at the contract initial cost. The design phase of the Zagreb Container Terminal (ZCT) design and build contract has started in November 2012 and it is expected to last for 4 years. Page 1 of 5 The World Bank Report No: ISR10961 The operations of the Brajdica terminal by Adriatic Gate majority shareholder ICTSI have already led to increased productivity and to the development of container activities. Urban Renewal Public Disclosure Copy Regarding the Delta/Port of Barros conversion into an urban area, the selection process for developers is being redefined between the Port of Rijeka Authority and the Rijeka Municipality and an architectural competition has been launched in May 2013 The status of the two environmental activities remains satisfactory, as is the project compliance with World Bank Environmental Safeguards, and Eco management and audit system will start being implemented early in 2013 Locations Country First Administrative Division Location Planned Actual Croatia Not Entered Rijecka Luka Results Project Development Objective Indicators Indicator Name Core Unit of Measure Baseline Current End Target Increased Rijeka port container capacity Text Value 150 150 575 (kTEU) Date 31-Dec-2007 31-Mar-2013 31-Dec-2014 Comments Increased container traffic (kTEU) Text Value 145 172 280 Date 31-Dec-2007 31-Dec-2012 31-Dec-2014 Comments Improved PRA operating ratio: ratio of Text Value 153% 138% 140% operating expenses to total operating revenue Date 31-Dec-2007 31-Mar-2013 31-Dec-2014 Comments Reduced subsidies for interest as percentage Text Value 46% 0,0% 10% of operating revenues Date Public Disclosure Copy 31-Dec-2007 31-Mar-2013 31-Dec-2014 Comments Increased container terminal efficiency (move Text Value 18 22 22 per crane per hour) Date 31-Dec-2007 31-Mar-2013 31-Dec-2014 Comments end of project target already met Private Sector investments (USD million) Text Value 0 45 25 Date 31-Dec-2007 31-Mar-2013 31-Dec-2014 Comments Indicator already exceeded Page 2 of 5 The World Bank Report No: ISR10961 Portion of dry cargo port activities carried out Text Value 29% 51% 85% by operators with a private majority ownership Date 31-Dec-2007 31-Mar-2013 31-Dec-2012 Comments target will need to be revised Public Disclosure Copy in case of restructuring Redevelopment of urban area (ha) Text Value 0 0 7 Date 31-Dec-2007 31-Mar-2013 31-Dec-2014 Comments consistent with target (result expected by end of project Intermediate Results Indicators Indicator Name Core Unit of Measure Baseline Current End Target Port Terminal Development Component. Text Value 0% 86% Done Contruction of Brajdica Container Terminal Date 31-Dec-2007 31-Mar-2012 30-Jun-2013 extension completed (2011) Comments terminal to open on July 10, Initial end target 31 dec 2011 2013 Contruction of Zagreb Terminal infrastructure Text Value 0% 0 Done completed (2014) Date 31-Dec-2007 13-Jun-2013 31-Dec-2014 Comments design ongoing until end 2013 Will need to be moved to 2016 in case of restructuring Area for urban redevelopment available ( at Text Value 0 ha 0 7 ha least 7 ha) (2012) Date 31-Dec-2007 07-Jun-2013 31-Dec-2012 Comments architectural contest ongoing Selection of a private developer to redevelop Text Value not done done the Delta/Port of Baross area (Sep 2010) Date 31-Dec-2007 31-Mar-2013 15-Dec-2011 Comments In progress Signed concession agreements for at least two Text Value 0 1 2 agreements based on cost port terminals (2011) recovery principles Date 31-Dec-2007 13-Jun-2013 31-Dec-2011 Public Disclosure Copy Comments Concession for Brajdica Container Terminal signed bid documents prepared for ZCT Development of port environmental protection Text Value not available In place plan (2010) Date 31-Dec-2007 10-Jun-2013 31-Dec-2010 Comments software use piloted. reinforcement of the team in Page 3 of 5 The World Bank Report No: ISR10961 charge of the protection plan ongoing through training Quality supervision of works Text Value continuous Public Disclosure Copy Date 31-Dec-2008 28-Jun-2012 31-Dec-2014 Comments Details provided in regular supervision reports for BCT Data on Financial Performance (as of 04-Jun-2013) Financial Agreement(s) Key Dates Project Ln/Cr/Tf Status Approval Date Signing Date Effectiveness Date Original Closing Date Revised Closing Date P102365 IBRD-76380 Effective 11-Dec-2008 17-Apr-2009 14-Jul-2009 15-Dec-2014 15-Dec-2014 Disbursements (in Millions) Project Ln/Cr/Tf Status Currency Original Revised Cancelled Disbursed Undisbursed % Disbursed P102365 IBRD-76380 Effective USD 122.50 122.50 0.00 10.31 111.02 8.00 Disbursement Graph Public Disclosure Copy Key Decisions Regarding Implementation N/A Page 4 of 5 The World Bank Report No: ISR10961 Restructuring History There has been no restructuring to date. Public Disclosure Copy Related Projects There are no related projects. Public Disclosure Copy Page 5 of 5