Strategic Cities Development Project- Additional Financing (WB-P157427)

Countries
  • Sri Lanka
Geographic location where the impacts of the investment may be experienced.
Financial Institutions
  • World Bank (WB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Active
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
A
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
May 27, 2016
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
Ministry of Finance and Planning
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Infrastructure
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 55.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Project Cost (USD)
$ 65.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Primary Source

Original disclosure @ WB website

Updated in EWS Aug 2, 2017

Disclosed by Bank Jan 1, 2016


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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.
The development objective of the Strategic Cities Development Project (SCDP) is to improve selected urban services and public open spaces in the participating city regions of Sri Lanka. It comprises of three components. The first component, Kandy city region urban interventions. Implementation performance is satisfactory. Contracts valued at over US 8 million dollars have been awarded and contracts valued at US 36 million dollars are in the tendering stage; The second component, Galle city region urban intervention. Implementation performance is moderately satisfactory. Contracts valued at almost US 3 million dollars have been awarded and contracts valued at US 2 million dollars are in the tendering stage. The third component, Implementation Support. Implementation performance is satisfactory. The Project Management Unit (PMU) has been established in Colombo under Ministry of Megapolis and Western Development (MoMWD) and is responsible for overall project implementation, including fiduciary and safeguards. The proposed additional financing would help finance the costs associated with the scale-up of SCDP to include the city region of Jaffna. In addition, the following changes are proposed: (i) update the results framework to better capture intended outcomes of the existing project and the proposed scale up; (ii) extension of the closing date by two years to December 31, 2021; (iii) revision of components, costs and financing plans; (iv) minor revision of component description of the parent project to reflect changes in scope during implementation; (v) revision of disbursement estimates; and (vi) changes in implementation arrangements to take into account the addition of Jaffna city region.
Investment Description
Here you can find a list of individual development financial institutions that finance the project.

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.
PROJECT CONTACTS World Bank Contact: Zhiyu Chen Title: Senior Urban Development Speci Borrower/Client/Recipient Name: Ministry of Finance Contact: Dr. R H S Samarathunga Title: Secretary Email: sf@mo.treasury.gov.lk Implementing Agencies Name: Ministry of Megapolis & Western Development Contact: Anura Dassanayake Title: Project Director Email: Pdscdp14@gmail.com ACCOUNTABILITY MECHANISM OF WORLD BANK The World Bank Inspection Panel is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by a World Bank-financed project. If you submit a complaint to the Inspection Panel, they may investigate to assess whether the World Bank is following its own policies and procedures for preventing harm to people or the environment. You can contact the Inspection Panel or submit a complaint by emailing ipanel@worldbank.org. You can learn more about the Inspection Panel and how to file a complaint at: http://ewebapps.worldbank.org/apps/ip/Pages/Home.aspx.

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