| Financier | Commitments |
|---|---|
| Borrower/Recipient | 35.77 |
| International Bank for Reconstruction and Development | 347.00 |
Abstract*
The Project Development Objectives (PDO) of the Argentina Buenos Aires – Mitre Passenger Railway Line Modernization Project are to: (a) improve the reliability and safety of the Mitre Line; and (b) increase accessibility in the Metropolitan Area of Buenos Aires. The proposed project has three components, all three components contribute to climate mitigation and incorporate climate adaptation measures to enhance the resilience of the railway system... Show More
Development Objective
The Project Development Objectives are to: (a) improve the reliability and safety of the Mitre Line; and (b) increase accessibility in the Metropolitan Area of Buenos Aires.
Key Details
Project Details
P175138
Active
Veronica Raffo , Javier Morales Sarriera
Argentine Republic
October 26, 2020
(as of board presentation)
April 30, 2021
December 7, 2021
US$ 382.77 million
Ministry of Transport of Argentina
2021
US$ 347.00 million
N/A
January 26, 2024
June 30, 2026
Yes
BANK APPROVED
Finances
Financing Plan (US$ Millions)
Total Project Financing (US$ Millions)
| Product Line | IBRD/IDA |
|---|---|
| IBRD Commitment | 347.00 |
| IDA Commitment | N/A |
| IBRD + IDA Commitment | 347.00 |
| Lending Instrument | |
|---|---|
| Grant Amount | N/A |
| Total Project Cost** | 382.77 |
Summary Status of World Bank Financing (US$ Millions) as of February 28, 2025
No data available.
| Period | Financier | Transaction Type | Amount (US$) |
|---|---|---|---|
| Jul 15, 2023 | IBRD-92320 | Int Charges | 789,196.00 |
| Jul 15, 2023 | IBRD-92320 | Int Charges | 1,849.31 |
| Jul 15, 2023 | IBRD-92320 | Int Charges | 89,564.09 |
| Jul 15, 2023 | IBRD-92320 | Int Charges | 359,425.75 |
| May 31, 2023 | IBRD-92320 | Loan Disb | 2,308,592.50 |
| Sep 8, 2023 | IBRD-92320 | Loan Disb | 2,983,293.80 |
| Dec 27, 2021 | IBRD-92320 | Loan Disb | 8,000,000.00 |
| Dec 29, 2021 | IBRD-92320 | Loan Disb | 5,584,339.00 |
| Dec 29, 2021 | IBRD-92320 | Loan Disb | 4,006,457.00 |
| Dec 7, 2021 | IBRD-92320 | Loan Disb | 867,500.00 |
| Dec 7, 2021 | IBRD-92320 | Fee Charges | 867,500.00 |
| Apr 30, 2021 | IBRD-92320 | Loan Commitment | 347,000,000.00 |
| Jan 15, 2024 | IBRD-92320 | Int Charges | 341,279.75 |
| Jul 15, 2022 | IBRD-92320 | Int Charges | 328,122.44 |
| Jul 15, 2022 | IBRD-92320 | Int Charges | 77,973.78 |
| Jul 15, 2022 | IBRD-92320 | Int Charges | 15,408.69 |
| Jul 15, 2022 | IBRD-92320 | Int Charges | 92,678.94 |
| Jun 23, 2022 | IBRD-92320 | Loan Disb | 8,000,000.00 |
| Dec 19, 2022 | IBRD-92320 | Loan Disb | 10,000,000.00 |
| Jul 15, 2024 | IBRD-92320 | Int Charges | 460.33 |
| Jul 15, 2024 | IBRD-92320 | Int Charges | 29,109.82 |
| Jul 15, 2024 | IBRD-92320 | Int Charges | 3,066,689.00 |
| Jul 15, 2024 | IBRD-92320 | Int Charges | 297,357.75 |
| Jul 15, 2024 | IBRD-92320 | Int Charges | 28,649.49 |
| Jan 15, 2023 | IBRD-92320 | Int Charges | 192,643.60 |
| Jan 15, 2023 | IBRD-92320 | Int Charges | 34,716.92 |
| Jan 15, 2023 | IBRD-92320 | Int Charges | 144,463.30 |
| Dec 5, 2023 | IBRD-92320 | Loan Disb | 1,640,736.00 |
| Jul 15, 2023 | IBRD-92320 | Int Charges | 969,186.60 |
| Oct 17, 2023 | IBRD-92320 | Loan Disb | 13,000,000.00 |
| Jan 15, 2024 | IBRD-92320 | Int Charges | 341,991.28 |
| Jan 15, 2024 | IBRD-92320 | Int Charges | 43,933.92 |
| Jan 15, 2024 | IBRD-92320 | Int Charges | 2,379,839.20 |
| Jan 15, 2024 | IBRD-92320 | Int Charges | 711.55 |
| Jul 15, 2022 | IBRD-92320 | Int Charges | 170,652.72 |
| Oct 25, 2022 | IBRD-92320 | Loan Disb | 8,000,000.00 |
| Jan 15, 2023 | IBRD-92320 | Int Charges | 253,164.61 |
| Jan 15, 2023 | IBRD-92320 | Int Charges | 519,783.70 |
| Jan 15, 2023 | IBRD-92320 | Int Charges | 1,205.48 |
| Jan 15, 2023 | IBRD-92320 | Int Charges | 24,598.62 |
| Mar 28, 2023 | IBRD-92320 | Loan Disb | 20,000,000.00 |
Ratings
IMPLEMENTATION RATINGS
| Name | Review | Date |
|---|---|---|
| Progress towards achievement of PDO | Moderately Satisfactory | 2024-12-11 |
| Procurement | Satisfactory | 2024-12-11 |
| Project Management | Satisfactory | 2024-12-11 |
| Financial Management | Satisfactory | 2024-12-11 |
| Monitoring and Evaluation | Satisfactory | 2024-12-11 |
| Overall Implementation Progress (IP) | Moderately Satisfactory | 2024-12-11 |
COMPLETION RATINGS
No data available.
INDEPENDENT EVALUATION RATINGS
No data available.
Results Framework
PROJECT DEVELOPMENT OBJECTIVE INDICATORS
| INDICATOR | BASELINE | CURRENT | TARGET |
|---|
Share of trains operating on the Mitre Line with less than a five-minute delay vs. the scheduled timeline Value 80.50 93.44 92.90 Date December 31, 2019 June 30, 2023 December 31, 2026 Comment Jobs accessible in AMBA in less than 60 minutes Value 12.36 12.36 30.05 Date February 17, 2021 June 30, 2023 December 31, 2026 Comment Number of railway incidents and accidents per million train-km linked to safety issues on the Mitre Line Value 43.00 38.00 20.00 Date December 31, 2019 June 30, 2023 December 31, 2026 Comment Share of trains operating on the Retiro - José León Suárez Branch with less than a five-minute delay vs. the scheduled time. Value 68.20 68.20 68.20 Date Comment Jobs accessible in AMBA in less than 60 minutes for selected neighborhoods Value 7.80 7.80 0.00 Date Comment Share of trains operating on the Retiro - Tigre Branch with less than a five-minute delay vs. the scheduled time. Value 84.30 84.30 84.30 Date Comment Share of trains operating on the Retiro - Bartolomé Mitre Branch with less than a five-minute delay vs. the scheduled time Value 74.10 74.10 74.10 Date Comment
INTERMEDIATE RESULTS INDICATORS
| INDICATOR | BASELINE | CURRENT | TARGET |
|---|
Physical progress of Retiro railyard upgrade, extension and renewal works Value 25.08 69.24 100.00 Date January 31, 2021 June 30, 2023 December 31, 2026 Comment OPEX in the Mitre Line per train car-km Value 383.49 383.49 361.47 Date December 31, 2019 June 30, 2023 June 30, 2026 Comment Length of rail track in the Retiro - Tigre Branch reconditioned to climate resilience standards Value 0.00 0.00 39.53 Date January 29, 2021 June 30, 2023 June 30, 2026 Comment Annual GHG emissions savings Value 0.00 0.00 5019.00 Date January 29, 2021 June 30, 2023 December 31, 2026 Comment New technology to manage fare evasion and occupancy levels in trains in the Mitre Line is operational. Value No No Yes Date January 27, 2021 June 30, 2023 December 31, 2026 Comment Physical progress of building and upgrading selected stations and their surroundings along the Mitre Line Value 0.00 0.00 100.00 Date January 29, 2021 June 30, 2023 June 30, 2026 Comment Early warning system for extreme climate events and disaster risk management is operational. Value No No Yes Date January 29, 2021 June 30, 2023 December 31, 2026 Comment Physical progress of upgrading electrical systems of the Retiro - Tigre Branch Value 0.00 0.00 100.00 Date December 31, 2026 June 30, 2023 June 30, 2026 Comment Female presence in decision-making positions within ADIF Value 21.00 26.40 35.00 Date February 22, 2021 June 30, 2023 June 30, 2026 Comment Physical progress of extending electrification in diesel branches of the Mitre Line and other related interventions Value 0.00 0.00 100.00 Date March 5, 2021 June 30, 2023 June 30, 2026 Comment Share of Mitre Line users satisfied with overall railway service, differentiated by gender Value 80.50 82.30 87.00 Date December 31, 2019 June 30, 2023 December 31, 2026 Comment Average travel time between terminal stations in the Mitre Line, differentiated by branch Value 0.00 0.00 0.00 Date February 22, 2021 June 30, 2023 June 30, 2026 Comment Average travel time between terminal stations in the Retiro - José León Suárez Branch Value 50.00 50.00 0.00 Date Comment Share of female Mitre Line users satisfied with overall railway service Value 81.30 81.30 81.30 Date Comment Average travel time between terminal station in the Retiro - Tigre Branch Value 56.00 56.00 0.00 Date Comment Share of male Mitre Line users satisfied with overall railway service Value 79.50 79.50 79.50 Date Comment Average travel time between terminal station in the Retiro - Bartolomé Mitre Branch Value 37.00 37.00 0.00 Date Comment Average travel time between terminal stations in the new Retiro - El Talar Branch Value 104.00 104.00 0.00 Date Comment Average travel time between terminal stations in the new Retiro - Benavídez Branch Value 162.50 162.50 0.00 Date Comment Direct and indirect beneficiaries having enhanced access to railway transport services as a result of interventions supported by the World Bank Group Value 2285.98 2412.59 2445.43 Date February 19, 2021 June 30, 2023 December 31, 2026 Comment Passengers per day in the Mitre Line Value 191.95 117.85 290.94 Date December 31, 2018 June 30, 2023 December 31, 2026 Comment Number of social fare users per day in the Mitre Line Value 38.39 38.39 36.43 Date Comment Share of intervened railway stations in the Mitre Line which benefited from a road safety audit Value 0.00 100.00 100.00 Date January 27, 2021 June 30, 2023 June 30, 2026 Comment Share of intervened stations in the Mitre Line that incorporate new facilities for people with disabilities Value 0.00 0.00 100.00 Date January 27, 2021 June 30, 2023 June 30, 2026 Comment Share of intervened stations in the Mitre Line that incorporate gender-sensitive design Value 0.00 0.00 100.00 Date February 12, 2021 June 30, 2023 June 30, 2026 Comment Share of intervened stations in the Mitre Line that involved stakeholder consultation and incorporated feedback Value 0.00 0.00 80.00 Date February 12, 2021 June 30, 2023 June 30, 2026 Comment Transit-oriented development concepts incorporated in the design and construction of new stations in the Mitre Line Value No No Yes Date March 5, 2021 June 30, 2023 June 30, 2026 Comment