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Lesson
A well-designed project performance management system (PPMS) from the outset can enhance the quality of economic analyses. This system facilitates the systematic collection of data on project benefits and pertinent metrics, enabling the monitoring of project performance until completion. Specifically, monitoring the project's progress, identifying areas for improvement, and collecting socioeconomic data through a PPMS, could all help establish a comprehensive assessment of a project’s development results and improve the quality of economic analysis.

Project Number: 41403-013
Project Name: Urban Water Supply Project
Report Date:
Lesson
The absence of a financial cost-benefit evaluation for the toll revenue-generating motorway is a methodological weakness. The project completion report (PCR) did not explain why it did not conduct a financial cost-benefit evaluation for the toll revenue-generating motorway. This validation notes that the RRP too did not conduct such evaluation.

Project Number: 48402-001, 48402-002
Project Name: National Motorway M–4 Gojra–Shorkot Section Project and National Motorway M–4 Gojra–Shorkot–Khanewal Section Project - Additional Financing
Report Date:
Lesson
A well-designed monitoring and evaluation system helps ensure proper attribution of project investments to the achieved outcomes, at project completion. Specifically, a monitoring and evaluation system, with sufficient and dedicated staff, could monitor and assess pertinent project-related data. These help in corroborating that systematically gathered information during implementation is indeed the result of a project’s intervention.

Project Number: 40190-013
Project Name: Greater Mekong Subregion Flood and Drought Risk Management and Mitigation Project
Report Date:
Lesson
Sound identification and valuation of costs and benefits in the economic analysis can provide more realistic economic internal rates of return (EIRRs) to indicate a more accurate state of project viability. The economic analysis in the RRP and PCR underestimated the value of the project outputs, particularly the economic benefits of the solid waste management component, which led to a low EIRR. Willingness-to-pay $2 per month for solid waste removal seems too low and unreasonable considering the substantial health and environmental benefits that such removal likely provides.

Project Number: 45507-003
Project Name: Yunnan Chuxiong Urban Environment Improvement Project
Report Date:
Lesson
A more nuanced iteration of the project design and monitoring framework (DMF) i.e., accurately differentiating outcome and output indicators, would be beneficial to facilitate better project results assessments. As observed by this validation, impact, outcome, and output statements in the DMF were vague and similar, and did not provide sufficient guidance to focus performance targets that would have provided better evidence for achieving the goals of the impact, outcome, and output statements.

Project Number: 45507-003
Project Name: Yunnan Chuxiong Urban Environment Improvement Project
Report Date:
Lesson
The use of accurate and robust data, especially for traffic analysis, is crucial in assessing the economic viability and financial sustainability of the project. Together with plausible assumptions and parameters based on recent economic data, credibility of the economic and financial analysis can be strengthened. This is one area where ADB can provide technical and knowledge support by carefully reviewing the forecasts prepared and ensuring that they are based on the latest economic data. Economic benefits associated with incremental demand

Project Number: 35354-013
Project Name: Lanzhou–Chongqing
Railway Development Project
Report Date:
Lesson
The lack of specificity in the DMF creates difficulties in assessing the development impacts of road projects. For example, a decrease in the road fatality rate in Khyber Pakhtunkhwa province was a poor indicator for road safety on the project road.

Project Number: 40075-033
Project Name: National Trade Corridor Highway Investment Program (Tranche 2)
Report Date:
Lesson
The absence of a project performance management system (PPMS) created difficulties in estimating the economic benefits of the project. A PPMS would provide data on which to base more accurate EIRR estimates and the development impacts of road projects.

Project Number: 40075-033
Project Name: National Trade Corridor Highway Investment Program (Tranche 2)
Report Date:
Lesson
Greater effort early on to define targeted outcomes and using a well-structured framework can yield a better tool to assess program results. The results framework presenting clarity in project design, well-defined outcomes, and outputs with appropriate targets and indicators, is imperative in monitoring project achievements. This is necessary to help provide clear assessment and guidance on how to systematically track progress especially on how success will be assessed.

Project Number: 48458-001, 48458-003
Project Name: Expanding Private Participation in Infrastructure Program
Report Date:
Lesson
Proper and timely documentation of changes during the MFF implementation can improve the quality and relevance of performance baselines and targets.

Project Number: 39176-023
Project Name: Road Network Development Program (Project 1)
Report Date:
Lesson
It is essential to adopt an appropriate monitoring framework with relevant indicators to measure project results.

Project Number: 40524-013
Project Name: Shandong Energy Efficiency and Emission Reduction Project
Report Date:
Lesson
A country specific EIRR and economic net present value would have to follow to put the investment in proper perspective

Project Number: 42107-023, 42107-033, 42107-043
Project Name: Central Asia Regional Economic Cooperation Corridor 2 Road Investment Program
Report Date:
Lesson
To confirm the economic viability of the regional plan and then identify which countries benefit or do not benefit, an economic internal rate of return (EIRR) for the region should be prepared in the first instance of the regional investment.

Project Number: 42107-023, 42107-033, 42107-043
Project Name: Central Asia Regional Economic Cooperation Corridor 2 Road Investment Program
Report Date:
Lesson
Actual costs, and to the extent possible, actual benefit measures should be included in the economic reevaluation.

Project Number: 44143-013
Project Name: Subregional Transport Enhancement Project
Report Date:
Lesson
The DMF should be clearer where performance targets and indicators are only in part influenced by the project.

Project Number: 44143-013
Project Name: Subregional Transport Enhancement Project
Report Date: