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CSV
Lesson
The Shah Deniz Gas Field Expansion Project is transformational. It has expanded the development of one of the largest gas fields in the world, which will help (i) more than double gas production from the field; and (ii) increase the country’s gas production by 67% during the same period. This will help strengthen the Azerbaijani economy and create more fiscal space for economic diversification.

Project Number: 49451-002
Project Name: Shah Deniz Gas Field Expansion Project
Report Date:
Lesson
The partial credit guarantee (PCG) modality was a good choice for this transaction. It enabled ADB sovereign operations to come as close as possible to enabling the IA to obtain commercial financing for a commercially viable project in a country with a below-investment-grade rating. With a One ADB approach, it showed the way to achieve close and collaborative work between ADB’s sovereign and nonsovereign departments. Its 95% cover was important because it facilitated the raising of commercial finance.

Project Number: 49451-002
Project Name: Shah Deniz Gas Field Expansion Project
Report Date:
Lesson
ADB played an important role in country risk mitigation. ADB’s partial credit guarantee (PCG) to the Southern Gas Corridor Closed Joint-Stock Company (SGC) made possible SGC’s access to necessary private sector refinancing to meet its financial commitments to Shah Deniz Stage II (SD2) and the midstream pipelines. This reduced government dependence on the country’s dwindling oil and gas revenues held by the State Oil Fund of the Republic of Azerbaijan (SOFAZ) to meet expenditure obligations.

Project Number: 49451-002
Project Name: Shah Deniz Gas Field Expansion Project
Report Date:
Lesson
Program preparation stage benefits from upfront capacity development. Specifically, institutional capacity assessment of executing and implementing agencies at the onset is vital in planning for appropriate measures to support the agencies during the program. Technical assistance for capacity building helps complement such assessments by filling in gaps in capacity to enhance their financial, procurement, and technical capacity skills.

Project Number: 39176-013
Project Name: Road Network Development Program (Multitranche Financing Facility and Tranche 4)
Report Date:
Lesson
Exercising greater care in estimating traffic demand projections is of utmost importance. Overly optimistic forecasts of traffic volumes can stem from using outdated or arbitrary parameters and unrealistic assumptions. For instance, elasticity values of road transport demand may have changed over time. Also, the use of national GDP as a proxy for economic activities at the regional or local level could result in unrealistic traffic forecasts. Both of these could lead to an overly designed project.

Project Number: 39176-013
Project Name: Road Network Development Program (Multitranche Financing Facility and Tranche 4)
Report Date:
Lesson
Poor engineering designs can lead to additional costs and implementation delays.

Project Number: 39176-043
Project Name: Road Network Development Program – Tranche 3
Report Date:
Lesson
Lack of interagency coordination and project oversight platform weakens problem-solving and the implementation of integrated, cross-sector solutions.

Project Number: 39176-043
Project Name: Road Network Development Program – Tranche 3
Report Date:
Lesson
Inadequate coordination of construction and asset management functions could put at risk the sustainability of road sector assets.

Project Number: 39176-043
Project Name: Road Network Development Program – Tranche 3
Report Date:
Lesson
A 50:50 quality- and cost-based selection method favors the engagement of the most qualified auditors for ADB-financed projects in Azerbaijan.

Project Number: 39176-043
Project Name: Road Network Development Program – Tranche 3
Report Date:
Lesson
A comprehensive road maintenance program, with adequate and transparent funding, is vital to extending a road network’s productive life.

Project Number: 39176-043
Project Name: Road Network Development Program – Tranche 3
Report Date:
Lesson
Planning and implementation of local road works in Azerbaijan need to be better synchronized with those of expressways.

Project Number: 39176-013
Project Name: Road Network Development Program (Multitranche Financing Facility and Tranche 4)
Report Date:
Lesson
Weak oversight and interagency coordination impacts the quality and timeliness of program/project results.

Project Number: 39176-013
Project Name: Road Network Development Program (Multitranche Financing Facility and Tranche 4)
Report Date:
Lesson
Including in the bid qualification requirements the disclosure of information on subcontractors is necessary to ensure timely mobilization and startup.

Project Number: 39176-013
Project Name: Road Network Development Program (Multitranche Financing Facility and Tranche 4)
Report Date:
Lesson
More robust due diligence during the design stage is vital to producing reliable cost estimates.

Project Number: 39176-013
Project Name: Road Network Development Program (Multitranche Financing Facility and Tranche 4)
Report Date:
Lesson
Performance-based maintenance contracts and tolling are important steps toward ensuring the sustainability of road maintenance funding.

Project Number: 39176-023
Project Name: Road Network Development Program – Tranche 1
Report Date:
CSV