Argentina

The overall purpose of the Second Adaptable Program Loan (APL) for National Highway Asset Management Project for Argentina is to further develop and implement an efficient... Show More + road network management strategy, bringing about the necessary resources to preserve the national road network in the long term. The reallocation is necessary because some bidding processes (purchase of VC and Weigh-in-Motion WIM equipment) could not take place because of current conditions and restrictions in the country regarding imported equipment. All funds allocated to goods are therefore reallocated towards the Performance-based Rehabilitation and Maintenance Contracts (CREMA) component under category 1 (b). Another reallocation is the one related to consultants' services. At project design it was envisaged to hire consultants to design bridges, but during project implementation it was decided that studies will be carried out in-house. Proceeds were also reallocated towards category 1(b). Finally, the pilot corridor for road safety was delayed (mainly because of delays in reaching the final design), it will be bid with local funds. Proceeds were reallocated towards category 1(b). As a result, the allocation to CREMAs (category 1 (b)) increased from US$251.25 to US$281.5 million (12 percent increase). Show Less -

The development objective of the Additional financing for the Buenos Aires Infrastructure Sustainable Investment Development Project (Adaptable Program Loan - APL) is... Show More + to enhance the provision of water and sewerage services for the benefit of low-income people, in particular for those people living in highly vulnerable areas; to improve high priority road segments of the borrower's road network; to mitigate urban flooding; and to support the reactivation of the borrower's economy and strengthen its regional competitiveness. The additional financing in the amount of US$50 million, approved by the Board on July 27, 2010, aims at filling the financing gap in the parent project caused by unforeseen cost increases and scaling up the parent project to include additional works. Because of reasons outside of the borrower's control, the additional financing loan only became effective on February 17, 2012, 18 months after its approval by the Bank's Board. Thanks to the Borrower's proactive engagement, the additional financing loan has disbursed US$15.07 million (30%) in just one year since effectiveness. The project implementation progress and the performance of the implementing agency have been rated satisfactory in the parent project for several years (and continue to be satisfactory currently), the project is not under suspension of disbursements, and the project has no outstanding audit reports or audit reports not satisfactory to the Bank. Show Less -

The overall purpose of the Second Adaptable Program Loan (APL) for National Highway Asset Management Project for Argentina is to further develop and implement an efficient... Show More + road network management strategy, bringing about the necessary resources to preserve the national road network in the long term. The reallocation is necessary because some bidding processes (purchase of VC and Weigh-in-Motion WIM equipment) could not take place because of current conditions and restrictions in the country regarding imported equipment. All funds allocated to goods are therefore reallocated towards the Performance-based Rehabilitation and Maintenance Contracts (CREMA) component under category 1 (b). Another reallocation is the one related to consultants' services. At project design it was envisaged to hire consultants to design bridges, but during project implementation it was decided that studies will be carried out in-house. Proceeds were also reallocated towards category 1(b). Finally, the pilot corridor for road safety was delayed (mainly because of delays in reaching the final design), it will be bid with local funds. Proceeds were reallocated towards category 1(b). As a result, the allocation to CREMAs (category 1 (b)) increased from US$251.25 to US$281.5 million (12 percent increase). Show Less -

The development objective of the Rural Education Improvement (PROMER) Project is to support national Government policy to: (i) improve the coverage, efficiency, and... Show More + quality of the Argentine education system; and (ii) to improve the governance of the Argentine education system through strengthening of the normative, planning, information, monitoring, and evaluation capacity at the national and provincial levels. The reallocation is necessary to finance: i) increased unit costs in infrastructure activities; ii) unanticipated consultant services related to the production of pedagogical materials; and iii) increased operating costs linked to the teacher training program (now reaching 8,000 teachers in 20 provinces), and the financial transfers to schools (‘Planes de Mejora’) implemented in 2,033 schools. This reallocation is based on final estimates for expenditures for the project. Show Less -