Sustainable Coastal Protection and Management Investment Program (Multitranche Financing Facility and Tranche 2)

The significant reduction in the amount of the ADB loan and the program cost with the withdrawal of Goa from tranche 1 and Maharashtra from tranche 2 is reflective of the quality of the work undertaken during the feasibility study stage. Better due diligence and a more rigorous review of the proposals are needed in future multitranche financing facility programs and projects so that similar major changes will not occur at such a late stage in program preparation.