The World Bank Report No: ISR8538 Implementation Status & Results Brazil Integrated Solid Waste Management and Carbon Finance Project (P106702) Public Disclosure Copy Operation Name: Integrated Solid Waste Management and Carbon Finance Project Stage: Implementation Seq.No: 4 Status: ARCHIVED Archive Date: 25-Nov-2012 Project (P106702) Country: Brazil Approval FY: 2011 Product Line: IBRD/IDA Region: LATIN AMERICA AND CARIBBEAN Lending Instrument: Financial Intermediary Loan Implementing Agency(ies): Key Dates Board Approval Date 02-Nov-2010 Original Closing Date 31-Dec-2015 Planned Mid Term Review Date Last Archived ISR Date 22-Jun-2012 Effectiveness Date 30-Jan-2012 Revised Closing Date 31-Dec-2015 Actual Mid Term Review Date Project Development Objectives Integrated Solid Waste Management and Carbon Finance Project (P106702) Project Development Objective (from Project Appraisal Document) The objective of the Project is to improve the treatment and final disposal of municipal solid waste in Brazil while: (a) supporting (i) the closing of open dumps and the implementation of modern and environmentally safe landfills or alternatives to waste disposal; (ii) improved municipal solid waste management practices; (iii) reduction of poverty among waste pickers; and (iv) increased private sector participation in solid waste service provision; and (b) strengthening Caixa Economica Federal#s capacity to manage carbon finance projects. Has the Project Development Objective been changed since Board Approval of the Program? Yes No Component(s) Component Name Component Cost Component 1. Infrastructure Investments in Solid Waste Disposal and Treatment 44.88 Component 2. Technical Assistance, Institutional Strengthening and Project Management 6.00 Public Disclosure Copy Overall Ratings Previous Rating Current Rating Progress towards achievement of PDO Moderately Satisfactory Moderately Satisfactory Overall Implementation Progress (IP) Moderately Unsatisfactory Moderately Unsatisfactory Overall Risk Rating Implementation Status Overview A recent supervision mission took place from Sept. 17-25 and concluded that progress since the last ISR has been slower than expected. Several external factors have had significant impacts on the various components of the project, as follows: Page 1 of 4 The World Bank Report No: ISR8538 - Component 1: Infrastructure investments - The signature of the loan between Caixa and SERB, for the construction of the landfill in Rio, has not yet taken place. The reason is that Haztec, the company that owns and operates the landfill, which is part of the SERB group, is being sold. Until the sale is concluded SERB and Caixa cannot sign the loan papers. The TT is closely monitoring progress under this component Public Disclosure Copy - Component 2: Technical Assistance - There has been progress regarding important internal processes that have taken place since the last ISR, which will facilitate implementation of this component in the future, including review and approval of the strategy for TA by all relevant divisions within Caixa. However, in terms of progress of implementation of project activities, unexpected delays have taken place with regards to contracting the studies/consultancies that are needed in order to launch TA program. A new timeline was discussed during the mission and the TT is following up closely. - Registration of CF POA - The registration process for the CF Program of Activities is ongoing. Locations No Location data has been entered Results Project Development Objective Indicators Indicator Name Core Unit of Measure Baseline Current End Target Increase in volume of waste disposed in Number Value 0.00 0.00 4000.00 environmentally sustainable sanitary landfills Date 11-Nov-2010 01-Nov-2012 17-Nov-2011 Comments The project will reach the target indicator with Santa Rosa, where 9,000 tonnes/ day of waste are being disposed. However, no Project funding has yet been disbursed to that sub-project Number of municipalities with investments Number Value 0.00 0.00 4.00 targeting recycling and composting activities Date 11-Nov-2010 01-Nov-2012 17-Nov-2011 Comments Public Disclosure Copy Number of open dumps closed and monitored Number Value 0.00 0.00 6.00 Date 11-Nov-2010 01-Nov-2012 30-Sep-2015 Comments 2 dumps have been closed as part of the development of the Santa Rosa site, and the project will directly contribute to their rehabilitation Intermediate Results Indicators Page 2 of 4 The World Bank Report No: ISR8538 Indicator Name Core Unit of Measure Baseline Current End Target Growth of Caixa's loan portfolio of project funds Number Value 0.00 0.00 10.00 Date 01-Nov-2012 30-Sep-2015 Public Disclosure Copy Comments Number municipal solid waste projects with Number Value 0.00 0.00 4.00 private financing Date 11-Nov-2010 01-Nov-2012 30-Sep-2015 Comments Number of commercial banks financing or co- Number Value 0.00 0.00 2.00 financing municipal solid waste projects Date 11-Nov-2010 01-Nov-2012 30-Sep-2015 Comments Availability of tools for solid waste management Text Value 0 Yes and attract private sector participation in final Date 11-Nov-2010 01-Nov-2012 30-Sep-2015 disposal and treatment of municipal solid waste Comments Number of participating cities with regulatory Number Value 0.00 0.00 5.00 framework and cost-recovery to adequately Date 11-Nov-2010 01-Nov-2012 30-Sep-2015 manage solid waste services Comments Creation of specific unit within Caixa that Text Value 0 Yes manages carbon finance initiatives Date 11-Nov-2010 01-Nov-2012 30-Sep-2015 Comments No CF unit exists within Caixa, but dedicated staff have been appointed, exclusively, to oversee the CF operations Number of carbon finance initiatives managed Number Value 0.00 2.00 6.00 by Caixa. Date 11-Nov-2010 01-Nov-2012 30-Sep-2015 Comments Program of Activities Santa Rosa Public Disclosure Copy Adequate staffing and project management Text Value 0 4 Progress Reports systems in place (financial, M&E) and timely 4 Audits reporting (Progress Reports, Audits) Date 11-Nov-2010 01-Nov-2012 30-Sep-2015 Comments Procurement Specialist has been hired and FM staff have been in place since 2011 Data on Financial Performance (as of 28-Mar-2012) Financial Agreement(s) Key Dates Page 3 of 4 The World Bank Report No: ISR8538 Project Ln/Cr/Tf Status Approval Date Signing Date Effectiveness Date Original Closing Date Revised Closing Date P106702 IBRD-79640 Effective 02-Nov-2010 05-Dec-2011 30-Jan-2012 31-Dec-2015 31-Dec-2015 Disbursements (in Millions) Public Disclosure Copy Project Ln/Cr/Tf Status Currency Original Revised Cancelled Disbursed Undisbursed % Disbursed P106702 IBRD-79640 Effective USD 50.00 50.00 0.00 0.13 49.88 0.00 Disbursement Graph Key Decisions Regarding Implementation None Public Disclosure Copy Restructuring History There has been no restructuring to date. Related Projects There are no related projects. Page 4 of 4