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Lesson
Thorough preparation of reliable and accurate cost estimates for each subproject is critical to help project implementation. Possible cost changes during implementation need to be kept within the acceptable threshold level and cost contingencies. Substantial cost overrun may lead to cancellation of critical project components.

Project Number: 42414-013, 42414-045
Project Name: Sustainable Urban Transport Investment Program (Tranche 5 and Multitranche Financing Facility)
Report Date:
Lesson
Preparing, reviewing, and monitoring project cost estimates contribute to a more efficient utilization of project funds. A more in-depth assessment and consideration of currency depreciation factors during project appraisal permits a more robust cost estimate. Under this project, a substantial loan amount was canceled because of the rupee depreciation against the US dollar. In-depth financial planning and cost projections coupled with risk mitigation measures allows for better utilization of loan proceeds.

Project Number: 49125-001
Project Name: Second Jharkhand State Road Project
Report Date:
Lesson
A timely and appropriate change in scope and reallocation of grant (or loan) proceeds responding to actual project needs emerging from implementation can help utilize available grant (or loan) resources in a more targeted and efficient manner, facilitate the conduct of more activities, potentially deliver more outputs, and maintain the project's relevance and effectiveness.

Project Number: 44130-022
Project Name: District Capitals Water Supply Project
Report Date:
Lesson
Estimation of the project cost requires a greater anticipation of potential cost overrun/underrun that may arise during implementation. During appraisal, a more in-depth examination and consideration of factors related to currency depreciation permits a more robust and realistic cost estimates. Under this project, a substantial loan amount was cancelled due to the rupee depreciation. A careful financial planning and cost projections coupled with risk mitigation measures and monitoring allows for better utilization of loan proceeds.

Project Number: 46417-001
Project Name: Jaipur Metro Rail Line 1-Phase B Project
Report Date: