PROJECT PERFORMANCE AUDIT REPORT

ASIAN DEVELOPMENT BANK PPA: THA 26307 PROJECT PERFORMANCE AUDIT REPORT ON THE SECOND RURAL TELECOMMUNICATIONS PROJECT (Loan 1239-THA) IN THAILAND June 2001 CURRENCY EQUIVALENTS Currency Unit – Baht (B) At Appraisal At Project Completion At Evaluation (15 May 1993) (1 July 1997) (9 March 2001) B1.00 = $0.03956 $0.0388 $0.02297 $1.00 = B25.28 B25.79 B43.54 ABBREVIATIONS ADB – Asian Development Bank EB – economic benefit EIRR economic internal rate of return FIRR – financial internal rate of return OECF – Overseas Economic Cooperation Fund OED – Operations Evaluation Department PCR – project completion report PPAR – project performance audit report TA – technical assistance TDMA time division multiple access TOT – Telephone Organization of Thailand NOTES (i) The fiscal year of the Government and the Telephone Organization of Thailand ends on 30 September. (ii) In this report, “$” refers to US dollar. Operations Evaluation Department, PE–567 CONTENTS Page BASIC DATA ii EXECUTIVE SUMMARY iv I. BACKGROUND 1 A. Rationale B. Formulation 1 C. Purpose and Outputs D. Cost, Financing, and Executing Arrangements 2 E. Completion and Self-Evaluation 2 F. OED Evaluation 2 II. PLANNING AND IMPLEMENTATION PERFORMANCE 3 A. Formulation and Design 3 B. Achievement of Outputs 4 C. Cost and Scheduling 4 D. Procurement and ...