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Lesson
Apart from offering concessional interest rates,ADB and China National Investment and Guaranty Corporation (I&G) could explore providing enhanced value-added services for ongoing and future financial intermediation loan initiatives in air quality improvement or climate change programs. The global economic slowdown dampened enthusiasm for green investments, while the rise in euro interest rates and the reduction of yuan lending rates since 2022 presented additional challenges for green financing eligible subprojects within the greater Beijing–Tianjin–Hebei region.

Project Number: 50096-002
Project Name: Air Quality Improvement in the Greater Beijing–Tianjin–Hebei Region—China National Investment and Guaranty Corporation’s Green Financing Platform Project
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
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
Maintaining the capacity built through similar projects or establishing knowledge transfer could extend the sustainability of project activities and increase the likelihood of achieving expected impacts. The long-term usefulness of the capacity that was built must be further considered. Closer linkage between the participants in TA trainings and the infrastructure activities could have encouraged participants to apply their newly built capacity within the project.

Project Number: 37097-013
Project Name: Integrated Rural Development Sector Project in the Central Provinces
Report Date:
Lesson
The facility’s flexibility allowed the use of savings from one tranche to fund investments from another tranche. The installation and supply of ventilators within tranche 5 was canceled in the metro project as the increase in costs surpassed the initially allocated loan funds. Savings from tranche 1 from the cancellation of other subprojects were used to fund the investment in ventilators from the metro project.

Project Number: 42414-013, 42414-045
Project Name: Sustainable Urban Transport Investment Program - Tranche 5 and MFF
Report Date:
Lesson
Project readiness challenges could result in sequential delays of the different tranches in an MFF, leaving insufficient time for implementation within the MFF term and making MFF less relevant. Prior to the approval of each tranche, the initial design for each project was prepared to varying degrees.

Project Number: 44483-024, 44483-023, 44483-026, 44483-027
Project Name: Second Central Asia Regional Economic Cooperation Corridor 2 Road Investment Program
Report Date:
Lesson
Overconservative cost estimation during the implementation of the multitranche financing facility (MFF) tranche projects may reduce the funding availability for other investments and result in low utilization of the approved MFF amount. Tranche 2’s actual total cost was $64.97 million, 60% of the budgeted amount, and ADB’s loan disbursement was only 61% of the committed amount.

Project Number: 42414-033
Project Name: Sustainable Urban Transport Investment Program - Tranche 2
Report Date:
Lesson
The TA project was cofinanced by the Japan Fund for Poverty Reduction and ADB through theThe TCR did not comment on the mechanism used to update cofinancing partners on progress toward key milestones and developments of the TA project. It is important to keep stakeholders engaged and informed during the project implementation. This is especially true when a project has a long implementation timeframe.

Project Number: 46502-001
Project Name: Trade and Transport Facilitation in the Pacific
Report Date:
Lesson
It is agreed that cofinancing partners ought to be updated regularly on key milestones and developments of the TA project, but this does not constitute a lesson.

Project Number: 46502-001
Project Name: Trade and Transport Facilitation in the Pacific
Report Date:
Lesson
For a development project with such apparently clear potential economic benefits, it would be helpful for the TCR to provide clearer evidence as to why the operation was dropped and why mitigation did not occur in a timely manner.

Project Number: 46374-001
Project Name: Southern Highways Investment Program
Report Date:
Lesson
The project was funded by the Japan Fund for Poverty Reduction. The CPA was the implementing agency. ADB administered the funds and the Government of Bangladesh provided in-kind support. The TA provides a positive example of partners’ coming together in effective collaboration.

Project Number: 45078-001
Project Name: Strategic Masterplan for Chittagong Port
Report Date:
Lesson
This is a useful lesson learned. A wider and more applicable lesson based on this TA’s implementing experience is: Building TA on studies already conducted and collaborating with different development partners is critical for supporting the government in making an informed decision.

Project Number: 52320-001
Project Name: Preliminary Assessment for Dili Airport Runway Project Upgrading Project
Report Date:
Lesson
In this TA, the Central and West Asia Department. collaborated effectively with the East Asia Department and the Development and Climate Change Department. A lesson from this would be: In a regional TA, application of the "One-ADB" approach can be particularly effective.

Project Number: 48033-001
Project Name: Enhancing Road Safety for Central Asia Regional Economic Cooperation Member Countries
Report Date:
Lesson
Based on the statement in the TCR, it is not clear how IFC and HSBC benefited from ADB’s work and what lessons were learned.

Project Number: 40552-012
Project Name: KazPost Financial Strengthening and Modernization
Report Date: