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Lesson
The use of a technical assistance (TA) loan for project preparation rather than including project preparation in the investment loans is fully justified because (i) it enabled project costs, revenues, and social and environmental impacts to be more accurately assessed before preparation and signing of the investment loan; and (ii) it reduced the borrower's commitment charges caused by implementation delays of 20 months.

Project Number: 33307-023
Project Name: Kunming-Haiphong Transport Corridor-Noi Bai-Lao Cai Highway Technical Assistance Project
Report Date:
Lesson
The status of completion should be carefully examined before loan closure. In the event that there are outstanding activities, the contractual arrangements for completion should be carefully defined and committed before loan closure. It is a risk to assume that completion can take place under another loan with an unknown time frame and be dependent on a third-party consultant. Preparation of detailed design and bidding documents for the equipment packages should not have been included in the scope of the TA loan.

Project Number: 33307-023
Project Name: Kunming-Haiphong Transport Corridor-Noi Bai-Lao Cai Highway Technical Assistance Project
Report Date: