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

Countries
  • Sri Lanka
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
Bank Risk Rating
A
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
May 27, 2016
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Ministry of Finance and Planning
The holder of the loan, grant, or other investment.
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, etc.
Investment Amount (USD)
$ 55.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. 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, converted to USD$. Please see updated project documentation 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
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
  • World Bank (WB)
Contact Information
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.