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Lesson
Accurate cost estimates, including for contingencies, and effective utilization of loan savings are critical to the attainment of intended project results and timely financial closing. The actual contract price was lower than the amount estimated because of the inaccuracy of the engineering cost estimate and contingency estimates. Cost savings, however, were effectively utilized through minor changes in the project, further enhancing the achievement of project outcomes and outputs. Eligible expenses should be clarified early on, so as not to delay the project financial closing.

Project Number: 47047-002
Project Name: Shandong Groundwater Protection Project
Report Date:
Lesson
Detailed market analysis through strategic procurement planning and accurate cost estimates could prevent unexpectedly low bids, leading to significant project savings. Under this project, it is noted that low bids did not negatively affect the quality of construction.

Project Number: 45509-002
Project Name: Chongqing Urban-Rural Infrastructure Development Demonstration II Project
Report Date:
Lesson
Climate risk assessments must be undertaken during project preparation, with results factored into the project design and budgets. The project experienced unforeseen landslides, pointing out the need to (i) improve climate modelling at design stage to incorporate potential climate change impacts on frequency and severity of landslide hazards for projects located in mountainous areas, and (ii) ensure adequate budget or contingency for potential increase of land acquisition during implementation.

Project Number: 46042-002
Project Name: Shaanxi Mountain Road Safety Demonstration Project
Report Date:
Lesson
issues, unforeseen project features, and road safety and traffic issues

Project Number: 46040-003
Project Name: Yunnan Pu'er Regional Integrated Road Network Development Project
Report Date: