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Cabo Verde - Transport Sector Reform Project

Abstract*

The objective for Transport Sector Reform Project for Cape Verde is to support the recipient's efforts to improve efficiency and management of its national road assets and lay the groundwork for transport sector State Owned Enterprise (SOE) reform. The proposed project consists of four components. (1) Road asset preservation component will support rehabilitation works and routine maintenance including emergency works and reinforcement. (2) Institutional...

* 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

The objective of the project is to support the Recipient's efforts to improve efficiency and management of its national road assetsand lay the groundwork for transport sector State Owned Enterprise reform.

Key Details

Project Details

  • P126516

  • Closed

  • Vincent Vesin , Shruti Vijayakumar

  • Ministry of Finance

  • Cabo Verde

  • November 7, 2012

  • (as of board presentation)

    June 24, 2013

  • September 17, 2013

  • US$ 31.00 million

  • Project Coordination Unit,Ministry of Infrastructure and Maritime Economy

  • Western and Central Africa

  • 2013

  • US$ 19.00 million

  • B

  • Not Applicable

  • September 30, 2022

  • Yes

  • BANK APPROVED

  • March 12, 2024

  • Notes

Finances

Financing Plan (US$ Millions)

No data available.
Financier Commitments
IDA recommitted as a Credit 19.00
Borrower/Recipient 12.00

Total Project Financing (US$ Millions)

Product Line IBRD/IDA
IBRD Commitment N/A
IDA Commitment 19.00
IBRD + IDA Commitment 19.00
Lending Instrument
Grant Amount N/A
Total Project Cost** 31.00

Summary Status of World Bank Financing (US$ Millions) as of April 30, 2025

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

Detailed Financial Activity as of April 30, 2025

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No data available.
Period Financier Transaction Type Amount (US$)
Dec 16, 2014 IDA-52660 Int Charges 952.06
Dec 16, 2014 IDA-52660 Int Charges 952.06
May 28, 2014 IDA-52660 Loan Disb 2,529,111.50
Mar 26, 2015 IDA-52660 Loan Disb 1,140,216.90
Jun 15, 2015 IDA-52660 Int Charges 40.40
Jun 15, 2015 IDA-52660 Int Charges 40.40
Jun 15, 2015 IDA-52660 Int Charges 35,016.54
Jun 15, 2015 IDA-52660 Int Charges 35,016.54
Apr 15, 2021 IDA-61000 Int Charges 85,544.75
Oct 19, 2021 IDA-61000 Loan Disb 125,036.84
Oct 19, 2021 IDA-61000 Int Charges 508.96
Oct 19, 2021 IDA-61000 Int Charges 508.96
Oct 19, 2021 IDA-61000 Int Charges 100,846.26
Oct 19, 2021 IDA-61000 Int Charges 100,846.26
Jun 16, 2022 IDA-52660 Int Charges 1,100.72
Jun 16, 2022 IDA-52660 Int Charges 1,100.72
Jun 16, 2022 IDA-52660 Int Charges 62,637.07
Jun 16, 2022 IDA-52660 Int Charges 62,637.07
Apr 15, 2022 IDA-61000 Int Charges 99,872.46
Apr 15, 2022 IDA-61000 Int Charges 99,872.46
Apr 15, 2022 IDA-61000 Int Charges 319.26
Apr 15, 2022 IDA-61000 Int Charges 319.26
Oct 15, 2018 IDA-61000 Int Charges 5,449.64
Oct 15, 2018 IDA-61000 Int Charges 5,449.64
Dec 6, 2018 IDA-61000 Loan Disb 2,861,297.20
Mar 7, 2019 IDA-61000 Loan Disb 2,620,953.80
Jun 17, 2019 IDA-61000 Loan Disb 2,146,621.00
Jun 15, 2019 IDA-52660 Int Charges 682.94
Jun 15, 2019 IDA-52660 Int Charges 682.94
Jun 15, 2019 IDA-52660 Int Charges 65,881.09
Jun 15, 2019 IDA-52660 Int Charges 65,881.09
Apr 15, 2019 IDA-61000 Int Charges 103.05
Apr 15, 2019 IDA-61000 Int Charges 103.05
Apr 15, 2019 IDA-61000 Int Charges 15,716.55
Apr 15, 2019 IDA-61000 Int Charges 15,716.55
Oct 15, 2019 IDA-61000 Int Charges 2,089.28
Oct 15, 2019 IDA-61000 Int Charges 2,089.28
Oct 15, 2019 IDA-61000 Int Charges 33,474.35
Oct 15, 2019 IDA-61000 Int Charges 33,474.35
Oct 15, 2020 IDA-61000 Int Charges 1,645.13
Oct 15, 2020 IDA-61000 Int Charges 1,645.13
Oct 15, 2020 IDA-61000 Int Charges 64,936.12
Oct 15, 2020 IDA-61000 Int Charges 64,936.12
Oct 7, 2020 IDA-61000 Loan Disb 3,238,714.50
Mar 17, 2021 IDA-61000 Loan Disb 2,124,064.00
Dec 15, 2020 IDA-52660 Int Charges 1,741.83
Dec 15, 2020 IDA-52660 Int Charges 1,741.83
Dec 15, 2020 IDA-52660 Int Charges 66,741.97
Dec 15, 2020 IDA-52660 Int Charges 66,741.97
Jan 19, 2021 IDA-61000 Loan Disb 3,409,613.00
Jun 15, 2021 IDA-52660 Int Charges 67,272.25
Jun 15, 2021 IDA-52660 Int Charges 67,272.25
Jun 15, 2021 IDA-52660 Int Charges 1,268.23
Jun 15, 2021 IDA-52660 Int Charges 1,268.23
Jun 15, 2021 IDA-61000 Loan Disb 941,119.25
Apr 15, 2021 IDA-61000 Int Charges 634.40
Apr 15, 2021 IDA-61000 Int Charges 634.40
Apr 15, 2021 IDA-61000 Int Charges 85,544.75
Oct 15, 2019 IDA-61000 Loan Disb 2,744,136.20
Jan 10, 2020 IDA-61000 Loan Disb 1,150,854.40
Mar 19, 2020 IDA-61000 Loan Disb 2,958,351.50
Dec 15, 2019 IDA-52660 Int Charges 66.93
Dec 15, 2019 IDA-52660 Int Charges 66.93
Dec 15, 2019 IDA-52660 Int Charges 65,850.35
Dec 15, 2019 IDA-52660 Int Charges 65,850.35
Apr 15, 2020 IDA-61000 Int Charges 94.97
Apr 15, 2020 IDA-61000 Int Charges 94.97
Apr 15, 2020 IDA-61000 Int Charges 48,571.15
Apr 15, 2020 IDA-61000 Int Charges 48,571.15
Jun 22, 2020 IDA-61000 Loan Disb 450,671.97
Jun 15, 2020 IDA-52660 Int Charges 307.91
Dec 15, 2017 IDA-52660 Int Charges 59,217.04
Dec 15, 2017 IDA-52660 Int Charges 59,217.04
Dec 15, 2017 IDA-52660 Int Charges 2,143.96
Dec 15, 2017 IDA-52660 Int Charges 2,143.96
Dec 22, 2017 IDA-52660 Loan Disb 297,263.10
Mar 27, 2018 IDA-52660 Loan Disb 839,318.50
Jan 26, 2018 IDA-52660 Loan Disb 434,795.97
Jun 18, 2018 IDA-52660 Int Charges 63,232.01
Jun 18, 2018 IDA-52660 Int Charges 63,232.01
Jun 18, 2018 IDA-52660 Int Charges 109.33
Jun 18, 2018 IDA-52660 Int Charges 109.33
Jun 7, 2018 IDA-61000 Loan Disb 1,021,137.50
May 24, 2018 IDA-61000 Loan Disb 978,669.00
Oct 3, 2018 IDA-61000 Loan Disb 185,787.25
Dec 27, 2018 IDA-52660 Int Charges 1,815.04
Dec 27, 2018 IDA-52660 Int Charges 1,815.04
Dec 27, 2018 IDA-52660 Int Charges 65,354.63
Dec 27, 2018 IDA-52660 Int Charges 65,354.63
Jul 14, 2016 IDA-52660 Loan Disb 28,764.11
Sep 21, 2016 IDA-52660 Loan Disb 30,752.88
Apr 15, 2024 IDA-61000 Int Charges 1,675.15
Apr 15, 2024 IDA-61000 Int Charges 1,675.15
Apr 15, 2024 IDA-61000 Int Charges 95,432.99
Apr 15, 2024 IDA-61000 Int Charges 95,432.99
Jun 15, 2024 IDA-52660 Loan Repay 4,314.27
Jun 15, 2024 IDA-52660 Loan Repay 163,023.47
Dec 19, 2016 IDA-52660 Int Charges 292.13
Dec 19, 2016 IDA-52660 Int Charges 292.13
Dec 19, 2016 IDA-52660 Int Charges 55,857.86
Dec 19, 2016 IDA-52660 Int Charges 55,857.86
Jan 6, 2017 IDA-52660 Loan Disb 29,378.27
Jun 29, 2017 IDA-52660 Loan Disb 31,928.67
Mar 30, 2017 IDA-52660 Loan Disb 150,828.70
Jun 15, 2017 IDA-52660 Int Charges 1,539.29
Jun 15, 2017 IDA-52660 Int Charges 1,539.29
Jun 15, 2017 IDA-52660 Int Charges 59,555.58
Jun 15, 2017 IDA-52660 Int Charges 59,555.58
Oct 5, 2017 IDA-52660 Loan Disb 50,116.46
Jul 7, 2015 IDA-52660 Loan Disb 707,845.60
Sep 11, 2015 IDA-52660 Loan Disb 1,768,997.60
Dec 16, 2015 IDA-52660 Int Charges 40,552.87
Dec 16, 2015 IDA-52660 Int Charges 40,552.87
Dec 15, 2015 IDA-52660 Loan Disb 2,281,410.00
Dec 15, 2015 IDA-52660 Int Charges 1,238.79
Dec 15, 2015 IDA-52660 Int Charges 1,238.79
Apr 11, 2016 IDA-52660 Loan Disb 1,211,802.20
Jun 15, 2016 IDA-52660 Int Charges 56,796.09
Jun 15, 2016 IDA-52660 Int Charges 56,796.09
Jun 15, 2016 IDA-52660 Int Charges 1,040.00
Jun 15, 2016 IDA-52660 Int Charges 1,040.00
Dec 16, 2014 IDA-52660 Loan Disb 1,844,128.50
Sep 26, 2014 IDA-52660 Loan Disb 2,596,839.50
Oct 23, 2013 IDA-52660 Loan Disb 1,000,000.00
Mar 10, 2014 IDA-52660 Loan Disb 1,581,736.80
Dec 16, 2014 IDA-52660 Int Charges 22,446.19
Dec 16, 2014 IDA-52660 Int Charges 22,446.19
Jun 15, 2014 IDA-52660 Int Charges 1,079.67
Jun 15, 2014 IDA-52660 Int Charges 1,079.67
Jun 15, 2014 IDA-52660 Int Charges 6,740.85
Jun 15, 2014 IDA-52660 Int Charges 6,740.85
Jun 15, 2024 IDA-52660 Int Charges 62,124.10
Jun 15, 2024 IDA-52660 Int Charges 62,124.10
Jun 24, 2013 IDA-52660 Loan Commitment 19,000,000.00
Jun 15, 2017 IDA-61000 Loan Commitment 27,000,000.00
Dec 20, 2021 IDA-61000 Loan Disb 558,987.10
Dec 15, 2021 IDA-52660 Int Charges 341.02
Dec 15, 2021 IDA-52660 Int Charges 341.02
Dec 16, 2021 IDA-52660 Int Charges 65,071.97
Dec 16, 2021 IDA-52660 Int Charges 65,071.97
Oct 15, 2022 IDA-61000 Int Charges 2,525.33
Oct 15, 2022 IDA-61000 Int Charges 2,525.33
Oct 15, 2022 IDA-61000 Int Charges 91,776.11
Oct 15, 2022 IDA-61000 Int Charges 91,776.11
Dec 16, 2022 IDA-52660 Int Charges 673.52
Dec 16, 2022 IDA-52660 Int Charges 673.52
Dec 16, 2022 IDA-52660 Int Charges 63,337.92
Dec 16, 2022 IDA-52660 Int Charges 63,337.92
Mar 2, 2023 IDA-61000 Loan Disb -37,369.57
Apr 15, 2023 IDA-61000 Int Charges 3,242.37
Apr 15, 2023 IDA-61000 Int Charges 3,242.37
Apr 15, 2023 IDA-61000 Int Charges 95,556.56
Apr 15, 2023 IDA-61000 Int Charges 95,556.56
Mar 2, 2023 IDA-61000 Loan Cancel 37,369.57
Jun 15, 2023 IDA-52660 Int Charges 60,077.33
Jun 15, 2023 IDA-52660 Int Charges 3,172.02
Jun 15, 2023 IDA-52660 Int Charges 3,172.02
Jun 15, 2023 IDA-52660 Int Charges 60,077.33
Dec 15, 2023 IDA-52660 Int Charges 313.85
Dec 15, 2023 IDA-52660 Int Charges 313.85
Dec 15, 2023 IDA-52660 Loan Repay 170,280.33
Dec 15, 2023 IDA-52660 Int Charges 63,855.12
Dec 15, 2023 IDA-52660 Int Charges 63,855.12
Oct 15, 2023 IDA-61000 Int Charges 1,196.51
Oct 15, 2023 IDA-61000 Int Charges 1,196.51
Oct 15, 2023 IDA-61000 Int Charges 96,632.33
Oct 15, 2023 IDA-61000 Int Charges 96,632.33
Jun 15, 2020 IDA-52660 Int Charges 307.91
Jun 16, 2020 IDA-52660 Int Charges 65,588.41
Jun 16, 2020 IDA-52660 Int Charges 65,588.41

Footnotes

Ratings

IMPLEMENTATION RATINGS

Name Review Date
Financial Management Satisfactory 2021-12-10
Monitoring and Evaluation Satisfactory 2021-12-10
Overall Implementation Progress (IP) Moderately Satisfactory 2021-12-10
Counterpart Funding Satisfactory 2021-12-10
Project Management Satisfactory 2021-12-10
Progress towards achievement of PDO Moderately Satisfactory 2021-12-10
Procurement Satisfactory 2021-12-10

COMPLETION RATINGS

INDICATORIMPLEMENTATION COMPLETION & RESULTS REPORT: 06-29-2023
OutcomesModerately Satisfactory
Risk to Development Outcome
Bank PerformanceSubstantial
Borrower Performance
Government Performance
Implementing Agency

INDEPENDENT EVALUATION RATINGS

INDICATORICR REVIEW: 12-01-2023PROJECT PERFORMANCE ASSESSMENT REPORT:
Outcome RatingModerately Satisfactory N/a
Risk To Development OutcomeN/a
Bank PerformanceSatisfactoryN/a
Borrower PerformanceN/a
Government PerformanceN/a
Implementing AgencyN/a
Icr QualitySubstantialN/a
M&e QualitySubstantialN/a

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INDICATORBASELINECURRENTTARGET
  • Roads in good and fair condition as a share of total classified roadsValue50.0090.000.00
    DateApril 8, 2013September 30, 2021
    Comment
  • Realistic plans or strategies defined, adopted, and implemented to reform the transport sector including SOEsValue0.001.000.00
    DateApril 29, 2017September 30, 2021
    Comment
  • Share of the national road network maintained through performance based contractsValue44.0089.200.00
    DateApril 8, 2013September 30, 2021
    Comment
  • Direct project beneficiariesValue0.00141625.000.00
    DateApril 8, 2013September 30, 2021
    Comment

INTERMEDIATE RESULTS INDICATORS

INDICATORBASELINECURRENTTARGET
  • Roads rehablitatedValue0.0021.900.00
    DateMarch 21, 2017September 30, 2021
    Comment
  • Number of students benefiting from the training equipment to be acquired under the creditValue0.001523.000.00
    DateApril 8, 2013September 30, 2021
    Comment
  • Annual reports on accidents issued every year from the improved database and monitoring systemValueNoNo
    DateApril 8, 2013September 30, 2021
    Comment
  • Timely publication of annual Financial Audits (ENAPOR, ASA, TACV)Value2.002.000.00
    DateApril 8, 2013September 30, 2021
    Comment
  • The highway code is revisedValueNoNo
    DateApril 8, 2013September 30, 2021
    Comment
  • Comprehensive Aggregate Annual Fiscal Risk Report on SOEsValueNoNo
    DateApril 8, 2013September 30, 2021
    Comment
  • Roads rehabilitated - ruralValue0.000.000.00
    DateMarch 21, 2017October 18, 2018
    Comment
  • ENAPOR : Port tariffs are adjustedValueNoYes
    DateApril 8, 2013September 30, 2021
    Comment
  • Roads rehabilitated - non-ruralValue0.000.000.00
    DateMarch 21, 2017October 18, 2018
    Comment
  • Roads Rehabilitated and/or Maintained under project financed PBMCsValue0.00485.100.00
    DateApril 8, 2013September 30, 2021
    Comment
  • A realistic loss reduction strategy has been defined, adopted, and implemented for TACVValueNoNo
    DateApril 29, 2017September 30, 2021
    Comment
  • Amount of labor and material costs paid for the cobblestone road rehabilitationValue0.00974413.130.00
    DateApril 1, 2017September 30, 2021
    Comment
  • IMP : Regulatory Agency model, training and business plan is defined.ValueNoYes
    DateApril 8, 2013September 30, 2021
    Comment
  • Number of jobs created through the cobblestone road rehabilitation (person-days)Value0.00276051.000.00
    DateApril 1, 2017September 30, 2021
    Comment
  • Number of female jobs created through the cobblestone road rehabilitation (person-days)Value0.0017304.000.00
    DateApril 29, 2017September 30, 2021
    Comment
  • Grievances responded and/or resolved within one month under the performance-based road contractsValue90.00100.000.00
    DateApril 11, 2017September 30, 2021
    Comment
  • Annual reports on the condition of the national network and on priorities in terms of rehabilitation and maintenanceValueNoYes
    DateApril 8, 2013September 30, 2021
    Comment
  • Percentage of national road network where axle load control is enforcedValue0.000.000.00
    DateApril 8, 2013September 30, 2021
    Comment