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Cusco Transport Improvement Project

Development Objective

The overall PDO is to improve mobility in the east-west corridor of Cusco Provincial Municipality (San Jeronimo – Distrito de Cusco).

Key Details

Project Details

  • P132505

  • Closed

  • Yang Chen , Felipe Targa Rodriguez

  • Republic of Peru

  • Peru

  • January 29, 2013

  • (as of board presentation)

    February 28, 2014

  • November 11, 2014

  • US$ 120.00 million

  • B

  • Not Applicable

  • August 31, 2024

  • Yes

  • BANK APPROVED

  • March 22, 2024

  • Notes

Finances

Financing Plan (US$ Millions)

No data available.
Financier Commitments
International Bank for Reconstruction and Development 120.00
Borrower/Recipient 32.60

Total Project Financing (US$ Millions)

Product Line IBRD/IDA
IBRD Commitment 120.00
IDA Commitment N/A
IBRD + IDA Commitment 120.00
Lending Instrument
Grant Amount N/A
Total Project Cost** 152.60

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 20, 2021 IBRD-83390 Loan Disb 3,000,000.00
Nov 28, 2022 IBRD-83390 Loan Disb 2,000,000.00
Dec 27, 2022 IBRD-83390 Loan Disb 3,000,000.00
Oct 7, 2022 IBRD-83390 Loan Disb 2,500,000.00
Sep 15, 2022 IBRD-83390 Int Charges 3,639.99
Sep 15, 2022 IBRD-83390 Int Charges 336,171.88
Sep 15, 2022 IBRD-83390 Loan Repay 1,512,231.40
Mar 28, 2023 IBRD-83390 Loan Disb 2,500,000.00
Mar 15, 2023 IBRD-83390 Int Charges 60,536.46
Mar 15, 2023 IBRD-83390 Int Charges 1,275,997.50
Mar 15, 2023 IBRD-83390 Loan Repay 2,080,551.40
Feb 23, 2023 IBRD-83390 Loan Disb 2,500,000.00
Mar 9, 2021 IBRD-83390 Loan Disb 7,850,000.00
Sep 15, 2021 IBRD-83390 Int Charges 1,151.33
Sep 15, 2021 IBRD-83390 Int Charges 55,813.02
Oct 28, 2021 IBRD-83390 Loan Disb 5,500,000.00
Jun 15, 2022 IBRD-83390 Loan Disb 4,000,000.00
Sep 1, 2021 IBRD-83390 Loan Disb 5,350,000.00
Sep 15, 2020 IBRD-83390 Int Charges 20,240.00
Nov 16, 2020 IBRD-83390 Loan Disb 2,631,410.00
Mar 15, 2021 IBRD-83390 Int Charges 20,927.80
Sep 15, 2019 IBRD-83390 Int Charges 50,293.34
Mar 15, 2020 IBRD-83390 Int Charges 40,040.00
Mar 15, 2019 IBRD-83390 Int Charges 47,512.50
Sep 15, 2017 IBRD-83390 Int Charges 23,453.94
Mar 15, 2018 IBRD-83390 Int Charges 30,317.50
Sep 13, 2017 IBRD-83390 Loan Disb 600,000.00
Mar 15, 2018 IBRD-83390 Int Charges 65.66
Sep 15, 2018 IBRD-83390 Int Charges 43,853.34
May 31, 2016 IBRD-83390 Loan Disb 1,000,000.00
Mar 15, 2017 IBRD-83390 Int Charges 12,388.44
Mar 28, 2017 IBRD-83390 Loan Disb 1,000,000.00
Feb 25, 2016 IBRD-83390 Loan Disb 400,000.00
Sep 15, 2016 IBRD-83390 Int Charges 209.00
Sep 15, 2016 IBRD-83390 Int Charges 6,923.00
Feb 28, 2014 IBRD-83390 Loan Commitment 120,000,000.00
May 30, 2024 IBRD-83390 Loan Disb 3,600,000.00
Dec 18, 2014 IBRD-83390 Fee Charges 300,000.00
Sep 19, 2023 IBRD-83390 Loan Disb 2,500,000.00
Sep 15, 2023 IBRD-83390 Int Charges 28,171.79
Sep 15, 2023 IBRD-83390 Int Charges 1,684,883.60
Sep 15, 2023 IBRD-83390 Loan Repay 2,400,551.20
Aug 7, 2023 IBRD-83390 Loan Disb 3,000,000.00
May 25, 2023 IBRD-83390 Loan Disb 3,000,000.00
Nov 30, 2023 IBRD-83390 Loan Disb 2,500,000.00
Oct 26, 2023 IBRD-83390 Loan Disb 2,500,000.00
Feb 27, 2024 IBRD-83390 Loan Disb 2,898,330.00
Mar 15, 2024 IBRD-83390 Loan Repay 2,837,351.20
Mar 15, 2024 IBRD-83390 Int Charges 49,732.66
Mar 15, 2024 IBRD-83390 Int Charges 2,121,566.50
Mar 26, 2024 IBRD-83390 Loan Disb 2,991,570.00
Aug 26, 2024 IBRD-83390 Loan Disb 9,000,000.00
Jun 27, 2024 IBRD-83390 Loan Disb 2,700,000.00
Jun 28, 2022 IBRD-83390 Loan Disb 3,000,000.00
Mar 15, 2022 IBRD-83390 Int Charges 1,685.25
Mar 15, 2022 IBRD-83390 Int Charges 95,820.52
Mar 15, 2022 IBRD-83390 Loan Repay 975,731.30
Aug 30, 2022 IBRD-83390 Loan Disb 3,800,000.00
Jan 26, 2022 IBRD-83390 Loan Disb 3,500,000.00
Aug 16, 2022 IBRD-83390 Loan Disb 3,500,000.00
Mar 30, 2022 IBRD-83390 Loan Disb 4,000,000.00

Footnotes

Ratings

IMPLEMENTATION RATINGS

Name Review Date
Procurement Moderately Satisfactory 2024-09-06
Project Management Moderately Satisfactory 2024-09-06
Financial Management Moderately Unsatisfactory 2024-09-06
Progress towards achievement of PDO Moderately Satisfactory 2024-09-06
Overall Implementation Progress (IP) Moderately Satisfactory 2024-09-06
Monitoring and Evaluation Satisfactory 2024-09-06

COMPLETION RATINGS

No data available.

INDEPENDENT EVALUATION RATINGS

No data available.

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INDICATORBASELINECURRENTTARGET
  • 1. Average travel time savings in the east-west corridor of Cusco Provincial Municipality (San Jeronimo District – Cusco District)Value0.000.0010.00
    DateDecember 2, 2013February 29, 2024August 30, 2024
    Comment
  • 2. Change in accessibility to employment opportunities by public transport in the area of influence of the east-west corridor of Cusco Provincial Municipality (San Jeronimo District – Cusco District)Value0.000.0015.00
    DateDecember 2, 2013February 29, 2024August 30, 2024
    Comment
  • 3. User satisfaction with Via Expresa AvenueValue0.000.0070.00
    DateMay 29, 2019February 29, 2024August 30, 2024
    Comment
  • 4. Design and execution of Via Expresa Avenue works are informed with at least three audits and/or road safety inspectionsValue0.001.003.00
    DateJune 7, 2019February 29, 2024August 30, 2024
    Comment

INTERMEDIATE RESULTS INDICATORS

INDICATORBASELINECURRENTTARGET
  • Proposal for the Mobility and Public Spaces Plan of Cusco elaboratedValueNoYesYes
    DateDecember 2, 2013February 29, 2024October 31, 2023
    Comment
  • Budget allocationValueNoYesYes
    DateJanuary 1, 2019February 29, 2024August 30, 2024
    Comment
  • Strategy to advance pilot projects for public transport service improvement in Cusco is elaboratedValueNoNoYes
    DateOctober 1, 2013February 29, 2024August 30, 2024
    Comment
  • Staff trained at PER Plan COPESCO in project management, monitoring and evaluation, and other project implementation capabilitiesValue0.0030.0040.00
    DateDecember 2, 2013February 29, 2024August 30, 2024
    Comment
  • Cusco Bicycle and Pedestrian Strategy designed and promotedValueNoNoYes
    DateDecember 2, 2013February 29, 2024August 30, 2024
    Comment
  • Roads constructedValue0.000.006.90
    DateMay 29, 2019February 29, 2024August 30, 2024
    Comment