Project Performance Audit Report

ASIAN DEVELOPMENT BANK PPA: SRI 19190 PROJECT PERFORMANCE AUDIT REPORT ON THE SECOND ROAD IMPROVEMENT PROJECT (Loan 864-SRI[SF]) IN SRI LANKA June 2000 CURRENCY EQUIVALENTS Currency Unit – Sri Lanka Rupee/s (SLRe/SLRs) At Appraisal At Project Completion At Operations Evaluation (September 1987) (December 1996) (November 1999) SLRe1.00 = $0.0332 $0.0182 $0.0139 $1.00 = SLRs30.17 SLRs54.84 SLRs71.95 ABBREVIATIONS ADB − Asian Development Bank EIRR − economic internal rate of return IRI − international roughness index km − kilometer OEM− Operations Evaluation Mission PCR − project completion report RCDC − Road Construction and Development Corporation RDA − Road Development Authority SDR – special drawing rights TA − technical assistance VOC − vehicle operating cost NOTES (i) The fiscal year (FY) of the Government ends on 31 December. (ii) In this report, “$” refers to US dollars. Operations Evaluation Office, PE-545 CONTENTS Page BASIC DATA ii EXECUTIVE SUMMARY iii MAP v I. BACKGROUND 1 A. Rationale 1 B.Formulation C. Objectives and Scope at Appraisal 1 D. Financing Arrangements 1 E.Completion 2 F. Operations Evaluation II. IMPLEMENTATION PERFORMANCE 2 A. Design 2 B.Contracting, Construction, and Commissioning 3 C. Organization and Management 4 D. Actual ...