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Lesson
For interventions in a new country, it is important to assess the capacity of the government’s financial management system thoroughly before launching a project, especially when investing valuable grant resources.

Project Number: 45139-001
Project Name: Mid-Level Skills Training Project
Report Date:
Lesson
Project preparation should have included better articulation of the need or logic for integrating a program loan and a project loan in a sector development program (SDP). Policy dialogue, which is essential to clearly establish an understanding among the executing agencies that policy reforms and project loan financed investments are interlinked, should have been undertaken; however, this was missing in this SDP. Two separate loans delivered in sequence may have been preferable and more manageable.

Project Number: 39305-013
Project Name: Urban Public and Environmental Health Sector Development Program
Report Date:
Lesson
The development of a firm sector investment plan supports successful project implementation. The sector plan, covering the short-, medium- and long-term horizons, helps avoid overlaps of projects that may result in scope changes which could adversely affect the project implementation timeline, funding and cost, and loan utilization. Such an investment plan commits the government to a definite set of projects in the sector that allows for a stable implementation of social and environmental safeguards.

Project Number: 42414-043
Project Name: Sustainable Urban Transport Investment Program - Tranche 3
Report Date:
Lesson
Financing a series of smaller projects within a broader financing structure can provide efficient infrastructure improvement support on a larger scale. Although the project completion report indicated that these types of projects should contain fewer districts to reduce the implementation burden, the report confirmed the efficacy of the project. Therefore, to provide large-scale infrastructure, it may be preferable to finance a series of smaller projects within a broader financing structure, such as a multitranche financing facility.

Project Number: 45084-002
Project Name: Coastal Climate-Resilient Infrastructure Project
Report Date:
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
The need for the cancelation of loan savings would be avoided by using realistic cost estimates during project preparation, as pointed out in the project completion report, is an appropriate lesson. However, this validation notes that the actual project cost was 28% lower than appraisal estimates, but the reduction in total ADB loan was 45%, i.e., from an estimate of $463 million to $253 million at program closing. The lower program cost reflected high-cost estimates, but higher counterpart funding was the bigger factor in the cancelation of the loan savings.

Project Number: 42039-033, 42039-036
Project Name: Power Transmission Investment Program (Multitranche Financing Facility and Tranche 3)
Report Date:
Lesson
Financial intermediation loans, which can be used to finance the investment plans of enterprises, need to be supported by TA to build the capacity of participating banks and enterprises to achieve the intended development results.

Project Number: 39229-022
Project Name: Agriculture and Rural Development Project
Report Date:
Lesson
The selection of appropriate project financing modality (through feasible project design) in line with country capacities is a crucial factor in achieving complex project objectives and overall project success. Availability of financing that is time-bound, such as multitranche financing facilities or sector lending puts the onus on the counterpart government to ensure project readiness from its side.

Project Number: 35448-013
Project Name: Omnibus Infrastructure Development
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
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
In terms of project design, in-depth analysis of various loan modality options and risks assessment, taking in consideration the ountry’s huge capacity and institutional gaps, can help design an appropriate loan modality. For example, a sector lending, which can also run for a decade and sustain capacity support to the sector, requires a sector analysis that covers a thorough analysis of the factors that affect the performance of the sector, including policy, institutional or regulatory frameworks, as well as the sustainability of the investment.

Project Number: 40173-044
Project Name: Highlands Region Road Improvement Investment Program - MFF and Project 3
Report Date:
Lesson
It is critical to obtain accurate information during the design and appraisal stage to help facilitate growth forecast on traffic volumes. Such information provides a solid groundwork for the assessment of a transport project’s economic viability and efficiency and help underpin its rationale, scope, and implementation timeframe. As such, greater consideration on the survey or collection of traffic data is crucial in enhancing the quality of project-level economic analysis.

Project Number: 46543-002
Project Name: Central Asia Regional Economic Cooperation Corridors 3 and 5 Enhancement Project
Report Date:
Lesson
In small island developing countries with limited policy reform capacity, ADB should avoid targeting multiple reform areas in one policy-based grant, particularly during a crisis.

Project Number: 52030-001
Project Name: Strengthening Macroeconomic Resilience Program
Report Date:
Lesson
The development partners coordination mechanism and the rolling policy reform matrix provided the government and its development partners a framework to formulate a reform agenda, and design and implement a series of policy actions. It can be expected that this framework will continue to be valuable in supporting the government’s efforts to improve economic management.

Project Number: 50377-001
Project Name: Improved Fiscal and Infrastructure
Management Program
Report Date: