Second Regional Development Project

Abstract*

The development objective of the Second Regional Development Project for Georgia is to improve infrastructure services and institutional capacity to support increased contribution of tourism in the local economy of the Imereti region. There are two components to the project. The first component is infrastructure investments in urban regeneration of Tskaltubo and tourism circuits' development. A first component includes the following sub-components:... Show More

Development Objective

The Project Development Objective is to improve infrastructure services and institutional capacity to support increased contribution of tourism in the local economy of the Imereti Region.

Key Details

Project Details

Project ID
P130421
Status
Closed
Team Leader
Vica Bogaerts , Rosanna Nitti
Borrower 2
Ministry of Finance

Country
Georgia
Disclosure Date
July 17, 2012
Approval Date
(as of board presentation)
November 6, 2012
Effective Date
January 29, 2013

Total Project Cost 1
US$ 37.50 million
Implementing Agency
Municipal Development Fund of Georgia
Region
Europe and Central Asia
Fiscal Year 3
2013

Commitment Amount
US$ 30.00 million
Environmental Category
B
Last Update Date
October 12, 2023
Closing Date
December 31, 2019

Consultant Services required
Yes
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 - Human Development and Gender

FY17 - Education0%
- FY17 - Access to Education0%
- FY17 - Science and Technology0%
- FY17 - Standards, Curriculum and Textbooks0%
- FY17 - Teachers0%

FY17 - Private Sector Development

FY17 - Jobs13%
- FY17 - Job Creation13%

FY17 - Urban and Rural Development

FY17 - Cultural Heritage38%
FY17 - Rural Development13%
- FY17 - Rural Infrastructure and service delivery13%
FY17 - Urban Development35%
- FY17 - Urban Infrastructure and Service Delivery24%
- FY17 - Urban Planning11%

Project Map

Interactive Map

Finances

Financing Plan (US$ Millions)

Financier	Commitments
IDA Credit	30.00
Borrower/Recipient	7.50

Total Project Financing (US$ Millions)

Product Line	IBRD/IDA
IBRD Commitment	N/A
IDA Commitment	30.00
IBRD + IDA Commitment	30.00

Lending Instrument
Grant Amount	N/A
Total Project Cost**	37.50

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$)
Nov 6, 2012	IDA-51780	Loan Commitment	30,000,000.00
Jul 15, 2024	IDA-51780	Int Charges	7,641.62
Jul 15, 2024	IDA-51780	Loan Repay	166,850.73
Jul 15, 2024	IDA-51780	Int Charges	62,763.84
Jul 15, 2024	IDA-51780	Int Charges	62,763.84
Jul 15, 2024	IDA-51780	Int Charges	101,512.99
Jul 15, 2024	IDA-51780	Loan Repay	700,216.70
Apr 4, 2016	IBRD-86070	Loan Commitment	9,000,000.00
Jul 15, 2023	IDA-51780	Loan Repay	33,777.38
Jul 15, 2023	IDA-51780	Int Charges	70,689.01
Jul 15, 2023	IDA-51780	Int Charges	70,689.01
Jul 15, 2023	IDA-51780	Int Charges	108,196.74
Jul 15, 2023	IDA-51780	Int Charges	26,036.05
Jul 15, 2023	IDA-51780	Loan Repay	851,091.80
Oct 1, 2023	IBRD-86070	Int Charges	3,939.87
Oct 1, 2023	IBRD-86070	Int Charges	214,314.12
Apr 1, 2024	IBRD-86070	Int Charges	3,553.04
Apr 1, 2024	IBRD-86070	Int Charges	234,797.27
Jan 15, 2024	IDA-51780	Int Charges	66,452.56
Jan 15, 2024	IDA-51780	Int Charges	66,452.56
Jan 15, 2024	IDA-51780	Int Charges	103,062.02
Jan 15, 2024	IDA-51780	Loan Repay	175,851.36
Jan 15, 2024	IDA-51780	Loan Repay	696,958.40
Jan 15, 2024	IDA-51780	Int Charges	9,487.16
Jan 15, 2022	IDA-51780	Loan Repay	6,954.72
Jan 15, 2022	IDA-51780	Int Charges	5,984.62
Jan 15, 2022	IDA-51780	Int Charges	5,984.62
Jan 15, 2022	IDA-51780	Loan Repay	452,919.10
Jan 15, 2022	IDA-51780	Int Charges	76,113.30
Jan 15, 2022	IDA-51780	Int Charges	76,113.30
Jan 15, 2022	IDA-51780	Int Charges	135,397.94
Oct 1, 2022	IBRD-86070	Int Charges	94,664.52
May 31, 2017	IDA-51780	Loan Disb	1,810,078.50
Apr 1, 2017	IBRD-86070	Int Charges	65.27
Apr 1, 2017	IBRD-86070	Int Charges	11,175.66
Oct 1, 2017	IBRD-86070	Int Charges	11,252.61
Oct 1, 2017	IBRD-86070	Int Charges	269.94
Jul 15, 2017	IDA-51780	Int Charges	151,520.61
Jul 15, 2017	IDA-51780	Int Charges	2,220.04
Jul 15, 2017	IDA-51780	Int Charges	2,220.04
Jul 15, 2017	IDA-51780	Int Charges	93,597.29
Jul 15, 2017	IDA-51780	Int Charges	93,597.29
Sep 28, 2017	IDA-51780	Loan Disb	625,421.80
Jul 15, 2015	IDA-51780	Int Charges	102,129.75
May 18, 2015	IDA-51780	Loan Disb	2,275,528.20
Jan 15, 2016	IDA-51780	Int Charges	4,894.57
Jan 15, 2016	IDA-51780	Int Charges	78,564.10
Jan 15, 2016	IDA-51780	Int Charges	78,564.10
Jan 15, 2016	IDA-51780	Int Charges	130,940.14
Sep 22, 2015	IDA-51780	Loan Disb	4,000,000.00
Mar 28, 2016	IDA-51780	Loan Disb	1,694,988.50
Aug 3, 2016	IBRD-86070	Loan Disb	22,500.00
Aug 3, 2016	IBRD-86070	Fee Charges	22,500.00
Jul 15, 2016	IDA-51780	Int Charges	89,046.40
Jul 15, 2016	IDA-51780	Int Charges	89,046.40
Jul 15, 2016	IDA-51780	Int Charges	148,547.52
Jul 15, 2016	IDA-51780	Int Charges	82.13
Jul 15, 2016	IDA-51780	Int Charges	82.13
Nov 13, 2014	IDA-51780	Loan Disb	3,214,489.20
Sep 30, 2014	IDA-51780	Loan Disb	1,823,113.90
Jul 15, 2013	IDA-51780	Int Charges	15,554.78
Jul 15, 2013	IDA-51780	Int Charges	15,554.78
Jul 15, 2013	IDA-51780	Int Charges	25,207.34
Nov 5, 2013	IDA-51780	Loan Disb	2,533,373.00
Jan 15, 2014	IDA-51780	Int Charges	734.28
Jan 15, 2014	IDA-51780	Int Charges	34,751.90
Jan 15, 2014	IDA-51780	Int Charges	34,751.90
Jan 15, 2014	IDA-51780	Int Charges	57,525.41
Jul 15, 2014	IDA-51780	Int Charges	75,068.85
Mar 31, 2014	IDA-51780	Loan Disb	1,975,254.90
Jan 15, 2015	IDA-51780	Int Charges	52,465.02
Jan 15, 2015	IDA-51780	Int Charges	52,465.02
Jan 15, 2015	IDA-51780	Int Charges	87,441.72
Jan 15, 2015	IDA-51780	Int Charges	196.57
Jul 15, 2014	IDA-51780	Int Charges	397.22
Jul 15, 2014	IDA-51780	Int Charges	45,168.96
Jul 15, 2014	IDA-51780	Int Charges	45,168.96
Jul 15, 2015	IDA-51780	Int Charges	3,588.12
Jul 15, 2015	IDA-51780	Int Charges	3,588.12
Jul 15, 2015	IDA-51780	Int Charges	60,656.34
Jul 15, 2015	IDA-51780	Int Charges	60,656.34
Jan 15, 2021	IDA-51780	Loan Repay	240,660.44
Jan 15, 2021	IDA-51780	Int Charges	87,521.76
Jul 15, 2019	IDA-51780	Loan Repay	891,858.00
Jul 15, 2019	IDA-51780	Loan Repay	12,931.12
Jul 15, 2019	IDA-51780	Int Charges	92,636.47
Jul 15, 2019	IDA-51780	Int Charges	92,636.47
Jul 15, 2019	IDA-51780	Int Charges	11,356.43
Aug 21, 2019	IBRD-86070	Loan Disb	793,818.80
Sep 16, 2019	IBRD-86070	Loan Disb	635,130.50
Oct 15, 2019	IBRD-86070	Loan Disb	532,332.70
Oct 1, 2019	IBRD-86070	Int Charges	69.76
Oct 1, 2019	IBRD-86070	Int Charges	8,804.00
Oct 1, 2019	IBRD-86070	Int Charges	32,309.42
Oct 1, 2019	IBRD-86070	Int Charges	5.14
Dec 27, 2019	IBRD-86070	Loan Disb	216,637.72
Dec 30, 2019	IBRD-86070	Loan Disb	274,087.22
Dec 30, 2019	IBRD-86070	Loan Disb	62,591.26
Dec 19, 2019	IBRD-86070	Loan Disb	153,117.66
Dec 19, 2019	IBRD-86070	Loan Disb	43,444.08
Jan 15, 2020	IDA-51780	Int Charges	2,019.60
Jan 15, 2020	IDA-51780	Loan Repay	236,214.42
Jan 15, 2020	IDA-51780	Loan Repay	666,431.56
Jan 15, 2020	IDA-51780	Int Charges	89,032.14
Jan 15, 2020	IDA-51780	Int Charges	89,032.14
Jan 15, 2020	IDA-51780	Int Charges	142,641.16
Dec 23, 2019	IBRD-86070	Loan Disb	565,469.40
Dec 23, 2019	IBRD-86070	Loan Disb	32,946.93
May 4, 2020	IBRD-86070	Loan Disb	2,353.68
May 1, 2020	IDA-51780	Loan Disb	-3,785.84
May 1, 2020	IBRD-86070	Loan Disb	56,426.62
May 1, 2020	IBRD-86070	Loan Disb	-139,200.38
Apr 1, 2020	IBRD-86070	Int Charges	3,965.90
Apr 1, 2020	IBRD-86070	Int Charges	4,385.89
Apr 1, 2020	IBRD-86070	Int Charges	85,236.38
Apr 1, 2020	IBRD-86070	Int Charges	288.19
Apr 13, 2020	IBRD-86070	Loan Disb	252,450.70
Dec 16, 2019	IBRD-86070	Loan Disb	580,021.75
Dec 16, 2019	IBRD-86070	Loan Disb	62,591.26
Jan 15, 2019	IDA-51780	Loan Repay	233,036.69
Jan 15, 2019	IDA-51780	Loan Repay	656,191.30
Jan 15, 2019	IDA-51780	Loan Repay	22,474.08
Oct 1, 2018	IBRD-86070	Int Charges	11,252.61
Oct 1, 2018	IBRD-86070	Int Charges	390.03
Jan 4, 2019	IBRD-86070	Loan Disb	125,590.21
Jan 15, 2019	IDA-51780	Int Charges	96,763.15
Jan 15, 2019	IDA-51780	Int Charges	96,763.15
Jan 15, 2019	IDA-51780	Int Charges	149,828.69
May 14, 2019	IBRD-86070	Loan Disb	618,104.40
Dec 28, 2018	IBRD-86070	Loan Disb	1,000,000.00
Mar 26, 2019	IBRD-86070	Loan Disb	125,182.52
Apr 1, 2019	IBRD-86070	Int Charges	10,467.32
Apr 1, 2019	IBRD-86070	Int Charges	10,871.84
Nov 14, 2019	IBRD-86070	Loan Disb	606,804.40
Jul 15, 2019	IDA-51780	Int Charges	152,369.77
Nov 20, 2019	IBRD-86070	Loan Disb	172,833.03
Apr 1, 2018	IBRD-86070	Int Charges	280.98
Apr 1, 2018	IBRD-86070	Int Charges	11,191.12
Jan 15, 2018	IDA-51780	Int Charges	8,424.73
Jan 15, 2018	IDA-51780	Int Charges	158,597.60
Jan 15, 2018	IDA-51780	Loan Repay	277,101.56
Jan 15, 2018	IDA-51780	Loan Repay	659,188.00
Jan 15, 2018	IDA-51780	Int Charges	105,429.44
Jan 15, 2018	IDA-51780	Int Charges	105,429.44
Jul 15, 2018	IDA-51780	Int Charges	100,270.55
Jul 15, 2018	IDA-51780	Int Charges	100,270.55
Jul 15, 2018	IDA-51780	Int Charges	167,768.23
Jul 15, 2018	IDA-51780	Int Charges	16,748.30
Jul 15, 2018	IDA-51780	Loan Repay	916,060.25
Jul 15, 2018	IDA-51780	Int Charges	390.37
Jul 15, 2018	IDA-51780	Int Charges	390.37
Jun 9, 2016	IDA-51780	Loan Disb	894,043.25
Jan 15, 2017	IDA-51780	Int Charges	90,335.39
Jan 15, 2017	IDA-51780	Int Charges	90,335.39
Jan 15, 2017	IDA-51780	Int Charges	152,430.48
Jan 15, 2017	IDA-51780	Int Charges	1,122.89
Jan 15, 2017	IDA-51780	Int Charges	1,122.89
Apr 1, 2017	IBRD-86070	Int Charges	244.58
Apr 1, 2017	IBRD-86070	Int Charges	5,339.29
Apr 1, 2023	IBRD-86070	Int Charges	8,856.90
Apr 1, 2023	IBRD-86070	Int Charges	172,999.81
Jan 15, 2023	IDA-51780	Loan Repay	689,146.94
Jan 15, 2023	IDA-51780	Int Charges	73,673.91
Jan 15, 2023	IDA-51780	Int Charges	73,673.91
Jan 15, 2023	IDA-51780	Int Charges	96,871.11
Jan 15, 2023	IDA-51780	Loan Repay	174,429.23
Jan 15, 2023	IDA-51780	Loan Repay	17,308.06
Jan 15, 2021	IDA-51780	Int Charges	87,521.76
Jul 15, 2021	IDA-51780	Int Charges	10,171.49
Jul 15, 2021	IDA-51780	Loan Repay	228,517.38
Jul 15, 2021	IDA-51780	Loan Repay	236,804.77
Jul 15, 2021	IDA-51780	Int Charges	84,815.53
Jul 15, 2021	IDA-51780	Int Charges	84,815.53
Jul 15, 2021	IDA-51780	Int Charges	141,359.25
Apr 1, 2021	IBRD-86070	Int Charges	43,629.16
Oct 1, 2021	IBRD-86070	Int Charges	42,832.62
Apr 1, 2022	IBRD-86070	Int Charges	40,880.90
Jul 15, 2022	IDA-51780	Loan Repay	652,732.00
Jul 15, 2022	IDA-51780	Int Charges	74,745.13
Jul 15, 2022	IDA-51780	Int Charges	74,745.13
Jul 15, 2022	IDA-51780	Int Charges	124,575.24
Jul 15, 2022	IDA-51780	Int Charges	1,331.67
Jul 15, 2022	IDA-51780	Loan Repay	202,609.12
May 1, 2020	IDA-51780	Loan Cancel	4,202.94
Oct 1, 2020	IBRD-86070	Int Charges	501.24
Oct 1, 2020	IBRD-86070	Int Charges	71,812.24
May 4, 2020	IBRD-86070	Loan Cancel	2,204,765.50
Jul 15, 2020	IDA-51780	Loan Repay	229,637.69
Jul 15, 2020	IDA-51780	Loan Repay	224,599.45
Jul 15, 2020	IDA-51780	Int Charges	86,194.30
Jul 15, 2020	IDA-51780	Int Charges	86,194.30
Jul 15, 2020	IDA-51780	Int Charges	128,280.73
Jul 15, 2020	IDA-51780	Int Charges	5,782.83
Jan 15, 2021	IDA-51780	Int Charges	135,585.16
Jan 15, 2021	IDA-51780	Int Charges	-4.55
Jan 15, 2021	IDA-51780	Int Charges	4.55
Jan 15, 2021	IDA-51780	Int Charges	15,929.63
Jan 15, 2021	IDA-51780	Loan Repay	229,829.11

Footnotes

Ratings

IMPLEMENTATION RATINGS

Name	Review	Date
Procurement	Satisfactory	2019-07-12
Financial Management	Satisfactory	2019-07-12
Monitoring and Evaluation	Satisfactory	2019-07-12
Progress towards achievement of PDO	Moderately Satisfactory	2019-07-12
Project Management	Moderately Satisfactory	2019-07-12
Counterpart Funding	Satisfactory	2019-07-12
Overall Implementation Progress (IP)	Moderately Satisfactory	2019-07-12

COMPLETION RATINGS

INDICATOR	IMPLEMENTATION COMPLETION & RESULTS REPORT: 06-18-2020
Outcomes	Moderately Satisfactory
Risk to Development Outcome
Bank Performance	Moderately Satisfactory
Borrower Performance
Government Performance
Implementing Agency

INDEPENDENT EVALUATION RATINGS

INDICATOR	ICR REVIEW: 12-10-2020	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	Modest	N/a
M&e Quality	Modest	N/a

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

Increased number of hotel beds in circuit route areas Value 2661.00 4809.00 4400.00
Date September 7, 2012 December 31, 2019 March 31, 2016
Comment
Square meters of new or rehabilitated urban public spaces in selected municipalities Value 0.00 813664.00 0.00
Date September 7, 2012 December 31, 2019
Comment

Increased volume of private sector investment in Tskaltubo mobilized by the Imereti Destination Management Office.	Value	0.00	25000000.00	13000000.00
	Date	September 7, 2012	December 31, 2019	April 30, 2018
	Comment

Increased revenues from tickets sold at Vani museum Value 10519.00 0.00 90000.00
Date September 7, 2012 December 31, 2019 March 31, 2016
Comment

INTERMEDIATE RESULTS INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

Number of buildings restored and constructed in Tskaltubo and Vani Value 0.00 14.00 11.00
Date September 7, 2012 December 31, 2019 March 31, 2016
Comment
Imereti Destination Management Office established and operational Value 0.00 1.00 0.00
Date September 7, 2012 December 31, 2019 September 7, 2018
Comment
Direct project beneficiaries Value 0.00 22546.00 0.00
Date September 7, 2012 December 31, 2019
Comment
Number of tickets sold at Vani museum Value 5215.00 0.00 16500.00
Date September 7, 2012 December 31, 2019 March 31, 2016
Comment
Female beneficiaries Value 0.00 50.00 0.00
Date September 7, 2012 March 6, 2018
Comment
Number of Parks upgraded in Tskaltubo Value 0.00 2.00 1.00
Date September 7, 2012 December 31, 2019
Comment
Participants in Consultation Activities during project implementation (number by gender) Value 0.00 5600.00 0.00
Date September 7, 2012 December 31, 2019
Comment
Production and distribution of new maps based on geotourism database Value 0.00 93250.00 15000.00
Date September 7, 2012 December 31, 2019 March 31, 2016
Comment
Grieavances responded to and/or resolved within one month of being filed (in percentage) Value 100.00 100.00 0.00
Date September 7, 2012 December 31, 2019
Comment
Increased annual number of visitors at Project sites Value 740000.00 953646.00 777000.00
Date September 7, 2012 December 31, 2019
Comment
Grievances registered related to delivery of project benefits addressed (percentage) Value 100.00 100.00 0.00
Date September 7, 2012 December 31, 2019
Comment
Number of tourism facilities constructed at cultural heritage sites along the tourist circuit Value 0.00 5.00 5.00
Date September 7, 2012 December 31, 2019 April 30, 2018
Comment
Number of street lighting posts and bulbs replaced Value 0.00 2301.00 1800.00
Date September 7, 2012 December 31, 2019 March 31, 2016
Comment
Piped household water connections that are benefiting from rehabilitation works undertaken by the project Value 0.00 6164.00 30.00
Date September 7, 2012 December 31, 2019
Comment
Number of people in urban areas provided with access to all-season roads within a 500 meter range under the project Value 0.00 6252.00 4000.00
Date September 7, 2012 December 31, 2019
Comment
Roads rehabilitated, Non-rural Value 0.00 10.30 3.00
Date September 7, 2012 December 31, 2019
Comment

Increased number of hotel beds in circuit route areas	Value	2661.00	4809.00	4400.00
	Date	September 7, 2012	December 31, 2019	March 31, 2016
	Comment

Increased revenues from tickets sold at Vani museum	Value	10519.00	0.00	90000.00
	Date	September 7, 2012	December 31, 2019	March 31, 2016
	Comment

Direct project beneficiaries	Value	0.00	22546.00	0.00
	Date	September 7, 2012	December 31, 2019
	Comment

Number of tickets sold at Vani museum	Value	5215.00	0.00	16500.00
	Date	September 7, 2012	December 31, 2019	March 31, 2016
	Comment

Female beneficiaries	Value	0.00	50.00	0.00
	Date	September 7, 2012	March 6, 2018
	Comment

Number of Parks upgraded in Tskaltubo	Value	0.00	2.00	1.00
	Date	September 7, 2012	December 31, 2019
	Comment

Grieavances responded to and/or resolved within one month of being filed (in percentage)	Value	100.00	100.00	0.00
	Date	September 7, 2012	December 31, 2019
	Comment

Increased annual number of visitors at Project sites	Value	740000.00	953646.00	777000.00
	Date	September 7, 2012	December 31, 2019
	Comment

Roads rehabilitated, Non-rural	Value	0.00	10.30	3.00
	Date	September 7, 2012	December 31, 2019
	Comment