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Abstract*

The second Subic Bay Freeport Project aims to continue to strengthen the Subic Bay Metropolitan Authority's (SBMA's) capacity to regulate and manage the growth of the Freeport, and support further infrastructure development - including SBMA's initial venture into partnership with the private sector through a water supply joint venture. The project has four components. Institutional strengthening, the first component, includes: capacity building; human...

* The project abstract is drawn from the PAD, SAR or PGD and may not accurately reflect the project's current nature

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Development Objective

July 1,2001: Task Manager was changed from Aloysious Ordu to Aldo Baietti, EASPS at HQ. FOLLOW-ON PROJECT TO PROVIDE INSTITUTIONAL STRENGTHENING TO SBMA AND CRITICAL IMPROVEMENTS NEEDED IN SBF INFRASTRUCTURE AND ENVIRONMENTAL MANAGEMENT, IN ORDER TO CONTINUE TO ATTRACT PRIVATE INVESTORS TO SBF. MAJOR COMPONENTS COMPRISING: (I) WATER SUPPLY; (II) POWER DISTRIBUTION (III) ROADS AND BRIDGES; AND (IV) INSTITUTION STRENGTHENING.

Key Details

Project Details

  • P040981

  • Closed

  • Aldo Baietti

  • N/A

  • Philippines

  • June 27, 1996

  • (as of board presentation)

    November 26, 1996

  • October 15, 1997

  • US$ 60.00 million

  • B

  • Not Applicable

  • June 30, 2003

  • BANK APPROVED

  • January 15, 2013

  • Notes

Finances

Financing Plan (US$ Millions)

No data available.
Financier Commitments
International Bank for Reconstruction and Development 60.00

Total Project Financing (US$ Millions)

Product Line IBRD/IDA
IBRD Commitment 60.00
IDA Commitment N/A
IBRD + IDA Commitment 60.00
Lending Instrument
Grant Amount N/A
Total Project Cost** 108.00

Summary Status of World Bank Financing (US$ Millions) as of July 31, 2025

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No data available.
Financier Approval Date Closing Date Principal Disbursed Repayments Interest, Charges & Fees

Detailed Financial Activity as of July 31, 2025

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No data available.
Period Financier Transaction Type Amount (US$)
Nov 26, 1996 IBRD-41110 Loan Commitment 60,000,000.00
Jan 15, 2017 IBRD-41110 Loan Repay 1,214,903.80
Jan 15, 2014 IBRD-41110 Loan Repay 725.99
Jan 15, 2014 IBRD-41110 Loan Repay 949,851.80
Jan 15, 2014 IBRD-41110 Int Charges 24,285.62
Jul 15, 2013 IBRD-41110 Int Charges 30,885.25
Jul 15, 2013 IBRD-41110 Loan Repay 986,200.00
Jan 15, 2016 IBRD-41110 Int Charges 13,556.21
Jan 15, 2016 IBRD-41110 Loan Repay 1,143,400.00
Jul 15, 2015 IBRD-41110 Loan Repay 1,110,700.00
Jul 15, 2015 IBRD-41110 Int Charges 0.01
Jul 15, 2015 IBRD-41110 Int Charges -0.01
Jul 15, 2015 IBRD-41110 Int Charges 14,719.71
Jan 15, 2015 IBRD-41110 Int Charges 16,679.42
Jan 15, 2015 IBRD-41110 Loan Repay 1,061,420.60
Jan 15, 2015 IBRD-41110 Loan Repay 16,679.42
Jul 15, 2014 IBRD-41110 Loan Repay 1,047,400.00
Jul 15, 2014 IBRD-41110 Int Charges 18,728.10
Jul 15, 2016 IBRD-41110 Int Charges 14,154.64
Jul 15, 2016 IBRD-41110 Loan Repay 1,178,100.00
Jan 15, 2017 IBRD-41110 Int Charges 8,258.64
Jan 15, 2014 IBRD-41110 Loan Repay 66,222.22

Footnotes

Ratings

IMPLEMENTATION RATINGS

No data available.

COMPLETION RATINGS

No data available.

INDEPENDENT EVALUATION RATINGS

INDICATORICR REVIEW: 06-07-2004PROJECT PERFORMANCE ASSESSMENT REPORT:
Outcome RatingSatisfactory N/a
Risk To Development OutcomeNot RatedN/a
Bank PerformanceSatisfactoryN/a
Borrower PerformanceSatisfactoryN/a
Government PerformanceUnsatisfactoryN/a
Implementing AgencySatisfactoryN/a
Icr QualitySatisfactoryN/a
M&e QualityNot RatedN/a

Results Framework

No data available.