| Financier | Commitments |
|---|---|
| IDA Grant | 38.49 |
Federated States of Micronesia Maritime Investment Project
Abstract*
The development objective of Maritime Investment Project for Micronesia is to improve the safety, efficiency and climate resilience of maritime infrastructure and operations in the Recipient's territory, and in the event of an eligible crisis or emergency, to provide an immediate response to the eligible crisis or emergency. This project consists of four components. 1) The first component, Maritime Infrastructure, aims improve the safety and efficiency... Show More
Development Objective
To improve the safety, efficiency and climate resilience of maritime infrastructure and operations in the Recipient's territory, and in the event of an Eligible Crisis or Emergency, to provide an immediate response to the Eligible Crisis or Emergency.
Key Details
Project Details
P163922
Closed
Anita Shrestha , Toufiq Ahmed, Sean Michaels
Micronesia, Federated States of
February 12, 2018
(as of board presentation)
May 9, 2019
August 14, 2019
US$ 38.49 million
Department of Transportation, Communication & Infrastructure,Department of Environment, Climate Change and Emergency Management,Department of Justice
2019
US$ 38.49 million
B
April 29, 2024
August 1, 2024
Yes
BANK APPROVED
Finances
Financing Plan (US$ Millions)
Total Project Financing (US$ Millions)
| Product Line | IBRD/IDA |
|---|---|
| IBRD Commitment | N/A |
| IDA Commitment | 38.49 |
| IBRD + IDA Commitment | 38.49 |
| Lending Instrument | |
|---|---|
| Grant Amount | N/A |
| Total Project Cost** | 38.49 |
Summary Status of World Bank Financing (US$ Millions) as of February 28, 2025
No data available.
| Period | Financier | Transaction Type | Amount (US$) |
|---|---|---|---|
| Apr 30, 2020 | IDA-D4500 | Loan Disb | 701,993.90 |
| Dec 9, 2019 | IDA-D4500 | Loan Disb | 3,000,000.00 |
| Aug 25, 2020 | IDA-D4500 | Loan Disb | 157,964.61 |
| Jul 23, 2024 | IDA-D4500 | Loan Cancel | 1,504,436.60 |
| Jul 23, 2024 | IDA-D6450 | Loan Cancel | 2,518,469.00 |
| Apr 25, 2024 | IDA-D4500 | Loan Disb | 349,714.16 |
| Feb 28, 2024 | IDA-D4500 | Loan Cancel | 24,999,920.00 |
| Jun 5, 2020 | IDA-D6450 | Loan Commitment | 2,500,000.00 |
| May 9, 2019 | IDA-D4500 | Loan Commitment | 38,490,000.00 |
| Dec 4, 2023 | IDA-D4500 | Loan Disb | 338,510.28 |
| Sep 8, 2023 | IDA-D4500 | Loan Disb | 366,793.62 |
| Jun 12, 2023 | IDA-D4500 | Loan Disb | 214,666.48 |
| Feb 27, 2023 | IDA-D4500 | Loan Disb | 232,668.56 |
| Aug 12, 2022 | IDA-D4500 | Loan Disb | 117,855.89 |
| Feb 7, 2022 | IDA-D4500 | Loan Disb | 379,081.56 |
| Oct 26, 2022 | IDA-D4500 | Loan Disb | 186,172.78 |
| May 23, 2022 | IDA-D4500 | Loan Disb | 421,760.10 |
| Jun 4, 2021 | IDA-D4500 | Loan Disb | 163,181.95 |
| Oct 18, 2021 | IDA-D4500 | Loan Disb | 221,647.78 |
| Oct 18, 2021 | IDA-D4500 | Loan Disb | 269,855.38 |
| Jun 4, 2021 | IDA-D4500 | Loan Disb | 187,304.60 |
| Jul 30, 2020 | IDA-D4500 | Loan Disb | 178,128.62 |
| Jun 25, 2020 | IDA-D4500 | Loan Disb | 2,500,000.00 |
| Apr 28, 2020 | IDA-D4500 | Loan Disb | 74,834.07 |
| May 5, 2020 | IDA-D4500 | Loan Disb | 150,266.75 |
| Nov 25, 2020 | IDA-D4500 | Loan Disb | 237,845.72 |
Ratings
IMPLEMENTATION RATINGS
| Name | Review | Date |
|---|---|---|
| Progress towards achievement of PDO | Unsatisfactory | 2024-04-18 |
| Monitoring and Evaluation | Unsatisfactory | 2024-04-18 |
| Overall Implementation Progress (IP) | Unsatisfactory | 2024-04-18 |
| Procurement | Unsatisfactory | 2024-04-18 |
| Project Management | Unsatisfactory | 2024-04-18 |
| Financial Management | Moderately Unsatisfactory | 2024-04-18 |
COMPLETION RATINGS
| INDICATOR | IMPLEMENTATION COMPLETION & RESULTS REPORT: |
|---|---|
| Outcomes | |
| Risk to Development Outcome | |
| Bank Performance | |
| Borrower Performance | |
| Government Performance | |
| Implementing Agency |
INDEPENDENT EVALUATION RATINGS
No data available.
Results Framework
PROJECT DEVELOPMENT OBJECTIVE INDICATORS
| INDICATOR | BASELINE | CURRENT | TARGET |
|---|
Reduction in cargo vessel turnaround times at project port(s) Value 1620.00 1620.00 1600.00 Date February 25, 2019 March 6, 2024 August 1, 2023 Comment Project ports rehabilitated with at least one climate resilience measure Value 0.00 0.00 2.00 Date February 25, 2019 March 6, 2024 August 1, 2023 Comment Ports with sectoral and contingency planning tools that address natural disasters and climate change Value 0.00 0.00 4.00 Date February 25, 2024 March 6, 2024 August 1, 2023 Comment Project ports fully compliant with ISPS requirements Value 0.00 0.00 4.00 Date February 25, 2019 March 6, 2024 August 1, 2023 Comment Increase in container yard productivity at project port(s) Value 0.00 0.00 10.00 Date February 25, 2019 March 6, 2024 August 1, 2023 Comment
INTERMEDIATE RESULTS INDICATORS
| INDICATOR | BASELINE | CURRENT | TARGET |
|---|
Grievances registered related to delivery of project benefits that are addressed Value 0.00 0.00 100.00 Date February 25, 2019 March 6, 2024 August 1, 2023 Comment Area of cargo yard hardened at Pohnpei and Chuuk Ports Value 0.00 0.00 11379.00 Date February 25, 2019 March 6, 2024 August 1, 2023 Comment ISPS recommendations implemented against identified shortcomings Value 0.00 0.00 50.00 Date February 25, 2019 March 6, 2024 August 1, 2023 Comment Adoption of a CERC manual given the risk of natural disaster Value No Yes Yes Date February 25, 2019 March 6, 2024 August 1, 2023 Comment Number of project ports with drainage measures implemented Value 0.00 0.00 2.00 Date February 25, 2019 March 6, 2024 August 1, 2023 Comment Project ports with safety solutions implemented Value 0.00 0.00 3.00 Date February 25, 2019 March 6, 2024 August 1, 2023 Comment CERC-related procurement packages completed on time as per the procurement plan Value 0.00 100.00 100.00 Date February 25, 2019 March 6, 2024 August 1, 2023 Comment Energy efficiency recommendations implemented Value 0.00 0.00 2.00 Date February 25, 2019 March 6, 2024 August 1, 2023 Comment People with enhanced access to transportation services Value 0.00 0.00 0.00 Date February 25, 2019 March 6, 2024 Comment FSMIP implementation of SOP on trafficking referral service Value No No Yes Date February 25, 2019 March 6, 2024 August 1, 2023 Comment Women employed by FSMIP on Sea Ports Value 0.00 0.00 15.00 Date February 25, 2019 March 6, 2024 August 1, 2023 Comment Percentage of contractor staff trained on GBV & Codes of Conduct Value 0.00 0.00 100.00 Date February 25, 2019 March 6, 2024 August 1, 2023 Comment People with enhanced access to transportation services – IWT/ Ferries Value 0.00 0.00 0.00 Date February 25, 2019 March 6, 2024 Comment