Rijeka Gateway II

Abstract*

The Second Rijeka Gateway Project for Croatia development objective is to develop the capacity, financial performance, and quality of services in the port of Rijeka to meet growing traffic demand, through public-private partnerships, while facilitating urban renewal by enabling the relocation of port activities. There are three components to the project. The first component of the project is port terminal development. This component includes the extension... Show More

Development Objective

The overall project development objective is to develop the capacity, financial performance, and quality of services in the port of Rijeka to meet growing traffic demand, through public-private partnerships.

Key Details

Project Details

Project ID
P102365
Status
Closed
Team Leader
Liljana Sekerinska , Ioannis Dimitropoulos
Borrower 2
Port of Rijeka Authority

Country
Croatia
Disclosure Date
September 10, 2007
Approval Date
(as of board presentation)
December 11, 2008
Effective Date
July 14, 2009

Total Project Cost 1
US$ 128.40 million
Implementing Agency
Port of Rijeka Authority
Region
Europe and Central Asia
Fiscal Year 3
2009

Commitment Amount
US$ 128.40 million
Environmental Category
A
Last Update Date
May 16, 2023
Closing Date
December 31, 2018

Last Stage Reached
BANK APPROVED

Notes
1. Total project cost includes funding from World Bank and non-bank sources in US$ millions. Active and Closed projects show current commitments. Proposed (pipeline) and dropped projects show the forecast amount. The commitment amount for projects in the pipeline is indicative and may be modified during the project preparation.
2. Borrower refers to the Borrower of a Loan or Recipient of a Grant.
3. ”Fiscal Year” is the fiscal year in which the project was approved (or dropped if the status is dropped). The World Bank's fiscal year is from July 1 - June 30. For example, a fiscal year of 1996 corresponds to July 1, 1995 - June 30, 1996.

Sectors

Themes

FY17 - Private Sector Development

FY17 - Jobs30%
- FY17 - Job Creation30%
FY17 - Public Private Partnerships10%

FY17 - Urban and Rural Development

FY17 - Rural Development30%
- FY17 - Rural Infrastructure and service delivery30%
FY17 - Urban Development40%
- FY17 - Urban Infrastructure and Service Delivery40%

Project Map

Interactive Map

Finances

Financing Plan (US$ Millions)

Financier	Commitments
International Bank for Reconstruction and Development	106.26
Croatia: Govt. of	22.14

Total Project Financing (US$ Millions)

Product Line	IBRD/IDA
IBRD Commitment	106.26
IDA Commitment	N/A
IBRD + IDA Commitment	106.26

Lending Instrument
Grant Amount	22.14
Total Project Cost**	128.40

Summary Status of World Bank Financing (US$ Millions) as of February 28, 2025

No data available.

Detailed Financial Activity as of February 28, 2025

Download:

Period	Financier	Transaction Type	Amount (US$)
Sep 15, 2023	IBRD-76380	Int Charges	1,290,843.50
Sep 15, 2023	IBRD-76380	Loan Repay	2,792,125.80
Mar 15, 2024	IBRD-76380	Loan Repay	2,981,705.50
Mar 15, 2024	IBRD-76380	Int Charges	1,447,878.40
Dec 11, 2008	IBRD-76380	Loan Commitment	122,500,000.00
Sep 15, 2021	IBRD-76380	Loan Repay	2,602,458.00
Mar 15, 2022	IBRD-76380	Loan Repay	2,521,272.80
Sep 15, 2022	IBRD-76380	Loan Repay	2,397,024.50
Mar 15, 2023	IBRD-76380	Int Charges	652,219.06
Mar 15, 2023	IBRD-76380	Loan Repay	2,668,276.80
Sep 15, 2019	IBRD-76380	Loan Repay	2,039,968.10
Mar 15, 2020	IBRD-76380	Loan Repay	2,146,064.00
Sep 15, 2020	IBRD-76380	Loan Repay	2,398,362.50
Mar 15, 2021	IBRD-76380	Loan Repay	2,504,768.80
Nov 29, 2018	IBRD-76380	Loan Disb	691,048.06
Oct 23, 2018	IBRD-76380	Loan Disb	5,227,150.00
Feb 4, 2019	IBRD-76380	Loan Disb	994,782.80
Dec 21, 2018	IBRD-76380	Loan Disb	636,096.50
Mar 6, 2019	IBRD-76380	Loan Disb	506,440.28
Mar 15, 2019	IBRD-76380	Loan Repay	1,963,108.80
Apr 30, 2019	IBRD-76380	Loan Cancel	54,572.87
Mar 26, 2019	IBRD-76380	Loan Disb	56,857.57
Jun 15, 2017	IBRD-76380	Loan Disb	1,270,646.50
Oct 23, 2017	IBRD-76380	Loan Disb	1,232,309.50
Mar 23, 2018	IBRD-76380	Loan Disb	933,739.50
Feb 1, 2018	IBRD-76380	Loan Disb	908,870.06
May 3, 2018	IBRD-76380	Loan Disb	1,614,533.00
Jun 6, 2018	IBRD-76380	Loan Disb	1,940,996.10
Jun 20, 2018	IBRD-76380	Loan Disb	1,071,309.10
Aug 9, 2018	IBRD-76380	Loan Disb	1,661,353.50
Sep 6, 2018	IBRD-76380	Loan Disb	1,263,409.50
Sep 11, 2018	IBRD-76380	Loan Disb	1,302,579.10
Sep 11, 2018	IBRD-76380	Loan Disb	1,256,343.50
Jan 17, 2017	IBRD-76380	Loan Disb	4,229,886.00
Dec 6, 2016	IBRD-76380	Loan Disb	1,468,140.50
Jul 27, 2016	IBRD-76380	Loan Disb	1,846,968.10
Jun 23, 2016	IBRD-76380	Loan Disb	1,340,083.60
Oct 20, 2016	IBRD-76380	Loan Disb	1,372,950.90
Oct 20, 2016	IBRD-76380	Loan Disb	908,965.70
Jun 27, 2016	IBRD-76380	Loan Disb	2,248,319.50
Sep 20, 2016	IBRD-76380	Loan Disb	1,462,543.60
Sep 22, 2016	IBRD-76380	Loan Disb	1,782,940.80
Mar 15, 2017	IBRD-76380	Int Charges	225.57
Dec 22, 2016	IBRD-76380	Loan Disb	989,679.75
Jan 26, 2017	IBRD-76380	Loan Disb	939,986.30
Jan 4, 2017	IBRD-76380	Loan Disb	1,751,523.60
Apr 19, 2017	IBRD-76380	Loan Disb	1,397,830.00
May 19, 2017	IBRD-76380	Loan Disb	1,400,679.60
Feb 24, 2017	IBRD-76380	Loan Disb	1,159,850.20
May 4, 2017	IBRD-76380	Loan Disb	1,273,135.40
Aug 25, 2017	IBRD-76380	Loan Disb	2,051,163.50
Jul 19, 2017	IBRD-76380	Loan Disb	1,635,064.80
Jul 19, 2017	IBRD-76380	Loan Disb	1,456,085.60
Jun 15, 2015	IBRD-76380	Loan Disb	1,632,050.20
Jul 29, 2015	IBRD-76380	Loan Disb	2,030,365.60
Aug 7, 2015	IBRD-76380	Loan Disb	2,524,973.80
Sep 2, 2015	IBRD-76380	Loan Disb	1,667,324.80
Dec 11, 2015	IBRD-76380	Loan Disb	666,769.75
Oct 20, 2015	IBRD-76380	Loan Disb	1,185,451.20
Dec 1, 2015	IBRD-76380	Loan Disb	1,377,981.80
Sep 15, 2015	IBRD-76380	Int Charges	82.82
Sep 15, 2015	IBRD-76380	Int Charges	24,302.30
Dec 23, 2015	IBRD-76380	Loan Disb	854,240.50
Mar 29, 2016	IBRD-76380	Loan Disb	1,305,721.00
Feb 19, 2016	IBRD-76380	Loan Disb	1,370,180.00
Mar 15, 2016	IBRD-76380	Int Charges	1,216.25
Mar 15, 2016	IBRD-76380	Int Charges	30,752.07
Jul 26, 2016	IBRD-76380	Loan Disb	1,485,738.80
Sep 15, 2016	IBRD-76380	Int Charges	173.35
Sep 15, 2016	IBRD-76380	Int Charges	10,413.07
May 23, 2016	IBRD-76380	Loan Disb	1,018,975.00
Jul 15, 2014	IBRD-76380	Loan Disb	690,773.00
Dec 29, 2014	IBRD-76380	Loan Disb	4,145,675.80
Sep 15, 2014	IBRD-76380	Loan Disb	35,666.82
Sep 15, 2014	IBRD-76380	Int Charges	35,666.82
Mar 15, 2015	IBRD-76380	Int Charges	19,082.08
May 14, 2015	IBRD-76380	Loan Disb	1,690,476.10
Apr 28, 2015	IBRD-76380	Loan Disb	759,204.94
Apr 20, 2015	IBRD-76380	Loan Disb	1,031,087.00
Nov 7, 2014	IBRD-76380	Loan Disb	736,256.30
Mar 3, 2015	IBRD-76380	Loan Disb	1,021,910.20
Jul 22, 2013	IBRD-76380	Loan Disb	1,472,743.60
Sep 15, 2013	IBRD-76380	Int Charges	14,455.98
Aug 14, 2013	IBRD-76380	Loan Disb	1,751,370.60
Sep 15, 2013	IBRD-76380	Loan Disb	14,455.98
Nov 19, 2013	IBRD-76380	Loan Disb	1,692,587.20
Apr 17, 2014	IBRD-76380	Loan Disb	1,335,458.50
Mar 15, 2014	IBRD-76380	Loan Disb	26,420.27
Mar 15, 2014	IBRD-76380	Int Charges	26,420.27

Footnotes

Ratings

IMPLEMENTATION RATINGS

Name	Review	Date
Progress towards achievement of PDO	Moderately Unsatisfactory	2018-12-28
Procurement	Satisfactory	2018-12-28
Overall Implementation Progress (IP)	Moderately Unsatisfactory	2018-12-28
Project Management	Satisfactory	2018-12-28
Financial Management	Satisfactory	2018-12-28
Monitoring and Evaluation	Satisfactory	2018-12-28

COMPLETION RATINGS

INDICATOR	IMPLEMENTATION COMPLETION & RESULTS REPORT: 06-28-2019
Outcomes
Risk to Development Outcome	Substantial
Bank Performance
Borrower Performance
Government Performance
Implementing Agency

INDEPENDENT EVALUATION RATINGS

INDICATOR	ICR REVIEW: 02-24-2020	PROJECT PERFORMANCE ASSESSMENT REPORT:
Outcome Rating	Moderately Satisfactory	N/a
Risk To Development Outcome		N/a
Bank Performance	Moderately Satisfactory	N/a
Borrower Performance		N/a
Government Performance	Not Rated	N/a
Implementing Agency		N/a
Icr Quality	Substantial	N/a
M&e Quality	Substantial	N/a

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

Increased Rijeka port container capacity (kTEU) Value 150 400 750
Date December 31, 2007 December 31, 2018 January 29, 2014
Comment
Private Sector investments (USD million) Value 0 117 71
Date December 31, 2007 December 31, 2018 May 31, 2017
Comment
Improved PRA operating ratio: ratio of operating expenses to total operating revenue Value 153% 93.2%
Date December 31, 2007 December 31, 2018
Comment
Increased container traffic (kTEU) Value 145 260 300
Date December 31, 2007 December 31, 2018 January 29, 2014
Comment
Reduced subsidies for interest as percentage of operating revenues (maximum) Value 46% 0.3%
Date December 31, 2007 December 31, 2018
Comment
Portion of dry cargo port activities carried out by operators with a private majority ownership Value 29% 76% 65%
Date December 31, 2007 December 31, 2018 January 29, 2014
Comment
Increased container terminal efficiency (move per crane per hour) Value 18 22
Date December 31, 2007 December 31, 2018
Comment

INTERMEDIATE RESULTS INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

Construction of Zagreb Terminal infrastructure completed (2014) Value 0% 97%
Date December 31, 2007 December 31, 2018
Comment
Development of port environmental protection plan (2010) Value not available In place
Date December 31, 2007 December 31, 2018
Comment
Port Terminal Development Component. Construction of Brajdica Container Terminal extension completed (2011) Value 0% 100%
Date December 31, 2007 December 31, 2018
Comment
Signed concession agreements for at least two port terminals (2011) Value 0 1
Date December 31, 2007 December 31, 2018
Comment
Quality supervision of works Value continuous satisfactory
Date December 31, 2008 December 31, 2018
Comment

Increased Rijeka port container capacity (kTEU)	Value	150	400	750
	Date	December 31, 2007	December 31, 2018	January 29, 2014
	Comment

Improved PRA operating ratio: ratio of operating expenses to total operating revenue	Value	153%	93.2%
	Date	December 31, 2007	December 31, 2018
	Comment

Increased container traffic (kTEU)	Value	145	260	300
	Date	December 31, 2007	December 31, 2018	January 29, 2014
	Comment

Reduced subsidies for interest as percentage of operating revenues (maximum)	Value	46%	0.3%
	Date	December 31, 2007	December 31, 2018
	Comment

Development of port environmental protection plan (2010)	Value	not available	In place
	Date	December 31, 2007	December 31, 2018
	Comment

Port Terminal Development Component. Construction of Brajdica Container Terminal extension completed (2011)	Value	0%	100%
	Date	December 31, 2007	December 31, 2018
	Comment

Quality supervision of works	Value	continuous	satisfactory
	Date	December 31, 2008	December 31, 2018
	Comment

Portion of dry cargo port activities carried out by operators with a private majority ownership	Value	29%	76%	65%
	Date	December 31, 2007	December 31, 2018	January 29, 2014
	Comment