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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
Thorough project costing, including for the subproject components, is essential to smooth project implementation and success. Careful and precise estimation of costs and setting aside resources to cover future price escalations is required.

Project Number: 43405-024
Project Name: Urban Services Improvement Investment Program - Tranche 2
Report Date:
Lesson
Closer coordination, capacity building, and handholding can improve project implementation when the executing agency has limited experience on implementing ADB-assisted projects. A review mechanism for assessing the efficacy of the trainings needs to be designed. The executing agency should be well versed in the ADB's safeguard policies to ensure compliance and accurate budgeting of the cost of safeguards. Any delays in the mobilization of experts to complement the staff of the executing agency should be expeditiously addressed.

Project Number: 47101-002
Project Name: Assam Power Sector Investment Program (Tranche 1)
Report Date:
Lesson
Allowances for possible cost increases in civil works can mitigate the effects of unforeseen geological conditions.

Project Number: 41627-023, 41627-033
Project Name: Himachal Pradesh Clean Energy Development Investment Program (Tranches 1 and 2)
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: