Republika Srpska Railways Restructuring Project

Abstract*

The objective of the Republika Srpska Railways Restructuring and Second Phase of the Transport Sector Modernization Program Projects for Bosnia and Herzegovina is to improve transport connectivity of the country along priority transport links and to support improvements in transport operations and asset management practices. The program is multi-phased with a first phase including road sections in FBH, and the second phase including railways in the... Show More

Development Objective

The Overall Development Objective of the Transport Sector Modernization Program (TSMP) is to improve transport connectivity of the country along priority transport links and to support improvements in transport operations and asset management practices. The Program is multi-phased with a First Phase including road sections in the Federation of Bosnia and Hezegovina, and the Second Phase including railways in the Republika Srpska. The Development Objective of the Second Phase of the TSMP is to improve the operational efficiency and financial sustainability of the railways in Republika Srpska.

Key Details

Project Details

Project ID
P161122
Status
Closed
Team Leader
Svetlana Vukanovic , Wenyu Jia
Borrower 2
Bosnia and Herzegovina

Country
Bosnia and Herzegovina
Disclosure Date
January 25, 2017
Approval Date
(as of board presentation)
December 7, 2017
Effective Date
August 31, 2018

Total Project Cost 1
US$ 149.19 million
Implementing Agency
Republika Srpska,Republika Srpska Railways
Region
Europe and Central Asia
Fiscal Year 3
2018

Commitment Amount
US$ 60.60 million
Environmental Category
B
Last Update Date
January 24, 2024
Closing Date
December 31, 2024

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 - Economic Policy

FY17 - Fiscal Policy83%
- FY17 - Fiscal sustainability83%

FY17 - Environment and Natural Resource Management

FY17 - Climate change100%
- FY17 - Mitigation100%

FY17 - Private Sector Development

FY17 - Jobs7%
- FY17 - Job Quality7%

FY17 - Public Sector Management

FY17 - Public Finance Management83%
- FY17 - Debt Management83%

FY17 - Urban and Rural Development

FY17 - Urban Development100%
- FY17 - Public Transport100%

Project Map

Interactive Map

Finances

Financing Plan (US$ Millions)

Financier	Commitments
International Bank for Reconstruction and Development	60.60
Borrower/Recipient	88.59

Total Project Financing (US$ Millions)

Product Line	IBRD/IDA
IBRD Commitment	60.60
IDA Commitment	N/A
IBRD + IDA Commitment	60.60

Lending Instrument
Grant Amount	N/A
Total Project Cost**	149.19

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

No data available.

Detailed Financial Activity as of March 31, 2025

Download:

Period	Financier	Transaction Type	Amount (US$)
Dec 7, 2017	IBRD-88080	Loan Commitment	60,598,000.00
Nov 15, 2018	IBRD-88080	Int Charges	77,043.80
May 15, 2023	IBRD-88080	Int Charges	760,694.50
May 15, 2024	IBRD-88080	Int Charges	7,523.35
May 15, 2024	IBRD-88080	Int Charges	1,255,913.80
May 15, 2020	IBRD-88080	Int Charges	20,616.14
May 15, 2020	IBRD-88080	Int Charges	126,555.89
May 6, 2020	IBRD-88080	Loan Disb	7,453,725.00
Nov 15, 2019	IBRD-88080	Int Charges	21,789.94
Nov 15, 2019	IBRD-88080	Int Charges	154,694.36
May 15, 2021	IBRD-88080	Int Charges	13,164.65
May 15, 2021	IBRD-88080	Int Charges	129,517.66
Nov 15, 2020	IBRD-88080	Int Charges	501.28
Nov 15, 2020	IBRD-88080	Int Charges	823.81
Nov 15, 2020	IBRD-88080	Int Charges	13,028.90
Nov 15, 2020	IBRD-88080	Int Charges	218,351.31
May 15, 2022	IBRD-88080	Int Charges	11,296.49
May 15, 2022	IBRD-88080	Int Charges	111,059.43
Nov 15, 2021	IBRD-88080	Int Charges	12,658.85
Nov 15, 2021	IBRD-88080	Int Charges	126,942.33
Nov 15, 2022	IBRD-88080	Int Charges	11,510.26
Nov 15, 2022	IBRD-88080	Int Charges	169,741.58
Nov 15, 2023	IBRD-88080	Int Charges	1,079,390.90
Nov 15, 2023	IBRD-88080	Int Charges	12,012.15
Dec 22, 2023	IBRD-88080	Loan Disb	4,410,400.00
Nov 15, 2018	IBRD-88080	Int Charges	214.41
Nov 15, 2018	IBRD-88080	Loan Disb	29,980,776.00
May 15, 2019	IBRD-88080	Int Charges	26,100.36
May 15, 2019	IBRD-88080	Int Charges	133,532.53
Jan 17, 2019	IBRD-88080	Loan Disb	10,260,450.00
Aug 31, 2018	IBRD-88080	Loan Disb	149,616.45
Aug 31, 2018	IBRD-88080	Fee Charges	149,616.45
May 15, 2023	IBRD-88080	Int Charges	11,830.98

Footnotes

Ratings

IMPLEMENTATION RATINGS

Name	Review	Date
Financial Management	Satisfactory	2024-09-25
Monitoring and Evaluation	Satisfactory	2024-09-25
Project Management	Satisfactory	2024-09-25
Procurement	Moderately Satisfactory	2024-09-25
Progress towards achievement of PDO	Moderately Satisfactory	2024-09-25
Overall Implementation Progress (IP)	Moderately Satisfactory	2024-09-25

COMPLETION RATINGS

No data available.

INDEPENDENT EVALUATION RATINGS

No data available.

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

ZRS Working Ratio Value 1.70 1.60 1.00
Date December 31, 2016 December 29, 2023 December 31, 2024
Comment
ZRS labor productivity Value 146.00 207.00 200.00
Date May 1, 2017 December 29, 2023 December 31, 2024
Comment
Public Service Obligations Contract for passenger services Value No No Implemented and fully covering passenger operation
Date March 1, 2017 December 29, 2023 December 31, 2024
Comment
Multi-annual infrastructure contract (MAIC) Value None None Contract implemented, fully covering infrastructur
Date April 30, 2017 December 29, 2023 December 31, 2024
Comment

INTERMEDIATE RESULTS INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

Arrears related to employees benefits and social contributions Value 42700000.00 0.00 0.00
Date May 1, 2017 December 29, 2023 December 31, 2024
Comment
Size of ZRS workforce Value 3098.00 1814.00 2098.00
Date May 1, 2017 December 29, 2023 December 31, 2024
Comment
Accounting separation for infrastructure and operations implemented Value No No Yes
Date May 1, 2017 December 29, 2023 December 31, 2024
Comment
Share of female employees of ZRS Value 15.00 15.21 15.00
Date May 1, 2017 December 29, 2023 December 31, 2024
Comment
ZRS 5-year Business Plans approved Value No No Yes
Date May 1, 2017 December 29, 2023 December 31, 2024
Comment
Railways asset management system implemented Value No No Yes
Date May 1, 2017 December 29, 2023 December 31, 2024
Comment
Percentage of ZRS employed women who applied for job retraining opportunities in the company are retrained Value 0.00 0.00 0.00
Date
Comment
Percent of workers’ grievances resolved Value 0.00 100.00 100.00
Date May 1, 2017 December 29, 2023 December 31, 2024
Comment
Customers’ complaints (Percent from Baseline) Value 100.00 2.00 40.00
Date May 1, 2017 December 29, 2023 December 31, 2024
Comment
ZRS managers trained on topics related to gender equality and safety at work Value 0.00 0.00 50.00
Date June 30, 2021 December 29, 2023 December 31, 2024
Comment
Passenger customers complaints (Percent from Baseline) Value 100.00 0.00 40.00
Date May 1, 2017 December 29, 2023 December 31, 2024
Comment
Freight customers complaints (percent from Baseline) Value 100.00 2.00 40.00
Date May 1, 2017 December 29, 2023 December 31, 2024
Comment

ZRS Working Ratio	Value	1.70	1.60	1.00
	Date	December 31, 2016	December 29, 2023	December 31, 2024
	Comment

ZRS labor productivity	Value	146.00	207.00	200.00
	Date	May 1, 2017	December 29, 2023	December 31, 2024
	Comment

Public Service Obligations Contract for passenger services	Value	No	No	Implemented and fully covering passenger operation
	Date	March 1, 2017	December 29, 2023	December 31, 2024
	Comment

Multi-annual infrastructure contract (MAIC)	Value	None	None	Contract implemented, fully covering infrastructur
	Date	April 30, 2017	December 29, 2023	December 31, 2024
	Comment

Arrears related to employees benefits and social contributions	Value	42700000.00	0.00	0.00
	Date	May 1, 2017	December 29, 2023	December 31, 2024
	Comment

Size of ZRS workforce	Value	3098.00	1814.00	2098.00
	Date	May 1, 2017	December 29, 2023	December 31, 2024
	Comment

Share of female employees of ZRS	Value	15.00	15.21	15.00
	Date	May 1, 2017	December 29, 2023	December 31, 2024
	Comment

ZRS 5-year Business Plans approved	Value	No	No	Yes
	Date	May 1, 2017	December 29, 2023	December 31, 2024
	Comment

Percent of workers’ grievances resolved	Value	0.00	100.00	100.00
	Date	May 1, 2017	December 29, 2023	December 31, 2024
	Comment

Percentage of ZRS employed women who applied for job retraining opportunities in the company are retrained	Value	0.00	0.00	0.00
	Date
	Comment

Republika Srpska Railways Restructuring Project

Abstract*

Development Objective

Key Details

Project Details

Sectors

Themes

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Project Map

Finances

Financing Plan (US$ Millions)

Total Project Financing (US$ Millions)

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

Detailed Financial Activity as of March 31, 2025

Ratings

IMPLEMENTATION RATINGS

COMPLETION RATINGS

INDEPENDENT EVALUATION RATINGS

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INTERMEDIATE RESULTS INDICATORS