Rural Connectivity Investment Program—Tranche 2

Preparing, reviewing, and monitoring project cost estimates contribute to a more efficient utilization of project funds. A more in-depth assessment and consideration of currency depreciation factors during project appraisal permits a more robust cost estimate. Under this project,a significant loan amount was cancelled due to the rupee depreciation. In-depth financial planning and cost projections, coupled with risk mitigation measures (e.g., developing back-up subprojects in an advanced state of readiness) allows for better utilization of loan savings.