The reduction of transport costs and travel times on major road corridors and enhancing regional connectivity of national roads in poor condition decreased Percentage of population with access to an all road in the target area increased Decline in annual rate of growth of accident fatalities 1.4. Key Project Data Table 7.1. Key Project Data Financing Amount Credit/Grant Approval Effectiveness Closing Project ID Type Agreement (US$, No. Date Date Date Signing millions) December February 3, January Credit IDA-49790 July 15, 2010 190.00 10, 2009 2010 31, 2016 April 6, March 27, June 30, P092837 Grant TF-11094 March 27, 2012 6.15 2010 2012 2014 June 16, October 22, January AF Credit IDA-46790 June 5, 2012 75.00 2011 2012 31, 2016 Total 271.15 Amount 1.5. Risk Assessment and Mitigation at Appraisal The following are the critical project and proposed mitigation strategies: Table 7.2. Risks and Mitigation Measures Risk Description of Risk Why is it Important? Mitigation Measures Rating Risk The URF is not operational as per the The URF is essential for The URF, with the MoFPED law. One of the the sustainability of the approval, will the funding for requirements of the road network. The URF is that maintenance of the project. The Road Fund Law is expected to provide a MoFPED has already committed to M L that user charges are consistent flow of finance secure the budget allocation for the transferred for maintenance. This will project while UNRA will prioritize directly from the help develop the local the project among other source to the URF on construction industry. maintenance requirements. a monthly basis.
The reduction of transport costs and travel times on major road corridors and enhancing regional connectivity of national roads in poor condition decreased Percentage of population with access to an all road in the target area increased Decline in annual rate of growth of accident fatalities 1.4. Key Project Data Table 7.1. Key Project Data Project ID Type Credit/Grant No. Approval Date Financing Agreement Signing Effectiveness Date Closing Date Amount (US$, millions) P092837 Credit IDA-49790 December 10, 2009 February 3, 2010 July 15, 2010 January 31, 2016 190.00 Grant TF-11094 April 6, 2010 March 27, 2012 March 27, 2012 June 30, 2014 6.15 AF Credit IDA-46790 June 16, 2011 June 5, 2012 October 22, 2012 January 31, 2016 75.00 Total Amount 271.15 1.5. Risk Assessment and Mitigation at Appraisal The following are the critical project and proposed mitigation strategies: Table 7.2. Risks and Mitigation Measures Description of Risk Why is it Important? Risk Rating Mitigation Measures Risk The URF is not operational as per the law. One of the requirements of the Road Fund Law is that user charges are transferred directly from the source to the URF on a monthly basis. The URF is essential for the sustainability of the road network. The URF is expected to provide a consistent flow of finance for maintenance. This will help develop the local construction industry. M The URF, with the MoFPED approval, will the funding for that maintenance of the project. The MoFPED has already committed to secure the budget allocation for the project while UNRA will prioritize the project among other maintenance requirements. L
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