Project Performance Audit Report

ASIAN DEVELOPMENT BANK PPA:BHU 24350 PROJECT PERFORMANCE AUDIT REPORT ON THE EAST-WEST HIGHWAY MAINTENANCE PROJECT (Loan 1265-BHU[SF]) IN BHUTAN August 2000 CURRENCY EQUIVALENTS Currency Unit – Ngultrum (Nu) At Appraisal At Project Completion At Operations Evaluation (October 1993) (June 1998) (April 2000) Nu1.00 = $0.032 $0.023 $0.023 $1.Nu31.44 Nu42.62 Nu42.90 ABBREVIATIONS ADB – Asian Development Bank BME – benefit monitoring and evaluation DOR – Department of Roads EIRR – economic internal rate of return IBRO – Indian Border Roads Organization MOC – Ministry of Communications OEM – Operations Evaluation Mission OEO – Operataluation Office PCR – project completion report PCRM – Project Completion Review Mission PMO – project management office PPAR – project performance audit report RMMS – road maintenance management system TA – technical assistance NOTES (i) The fiscal year (FY) of the Government ends on 30 June. (ii) In this report, “$” refers to US dollars. Operations Evaluation Office, PE - 548 CONTENTS Page BASIC PROJECT DATA ii EXECUTIVE SUMMARY iv MAP x I. BACKGROUND 1 A. Rationale 1 B. Formulation C. Purpose and Outputs 2 D. Cost, Financing, and Executing Arrangements 3 E. Completion and Self-Evaluation 3 F. OEO Evaluation 4 II. ...