Project Performance Audit Report

ASIAN DEVELOPMENT BANK PPA: PRC 23032 PPA: PRC 24335 PROJECT PERFORMANCE AUDIT REPORT ON THE SHENYANG-BENXI HIGHWAY AND JILIN EXPRESSWAY PROJECTS (Loans 1168 and 1262-PRC) IN THE PEOPLE’S REPUBLIC OF CHINA October 2000 CURRENCY EQUIVALENTS Currency Unit – Yuan (Y) Shenyang-Benxi Highway (Loan 1168-PRC) At Appraisal At Project Completion At Operations Evaluation (May 1992) (September 1998) (March 2000) Y1.00 = $0.18 = $0.12 = $0.12 $1.00 = Y5.44 = Y8.34 = Y8.28 Jilin Expressway (Loan 1262-PRC)At Appraisal At Project Completion At Operations Evaluation (October 1993) (October 1998) (March 2000) Y1.00 = $0.18 = $0.12 = $0.12 $1.00 = Y5.70 = Y8.34 = Y8.28 ABBREVIATIONSAADT – annual average daily trafficADB – Asian Development Bank EA – Executing Agency EIA – environmental impact assessment EIRR – economic internal rate of return FIRR – financial internal rate of return ICB – international competitive bidding JPCD – Jilin Provincial Communications Department JPEAB – Jial Expressway Administration Bureau JPEC – Jilin Provincial Expressway Corporation LCB – local competitive bidding LPCD – Liaoning Provincial Communications Department LPEMB – ial Expressway Management Bureau MTU – medium truck equivalent units MOC – Ministry of Communications NECL – North East Corporation, Ltd. NTHS – National Trunk Highway System O&M – operation and ...