Cameroon - Third Douala Port Project

Dcuwmmt of The World Bank FOR OMCLAL tSE ONLY Reput N. 12005 PROJECT COMPLETION REPORT REPUBLIC OF CAMEROON THIRD DOUALA PORT PROJECT (JWA 2259-CM) JUNE 30, 1993 MICROGRAPHICS Report No: 12005 Type: PCR Infrastructure Operations Division Occidental and Central Africa Department Africa Regional Office Tis document has a sticted ditibuion and -my be used by repients only in the perormace of thdr official duties. Its conteuts My not otherwie be disosed witwo Wodd Bank authodrzation  CURRENCY EXCHANGE RATES Name of Currency: CFA Franc (CFAF) 1983 ...... US$ = 381 1984 ...... US$ = 437 1985 ...... US$ = 449 1986 ...... US$ = 346 1987 ...... USS = 301 1988 ...... US$ = 298 1989 ...... US$ = 336 1990 ....... US$ = 285 1991 ....... US$ = 283 ABBREVIATIONS AND ACRONYM AISC Africa Information Services Center CNIC Louala Dockyard/Chantier Naval et Industriel du Cameroun ERR Economic Rate of Return/Taux de rentabilit6 economique ICB International Competitive Bidding/Appel d'offres interional OECF Overseas Economic Cooperation Fund O.NPC Cameroon National Port Authority/Office National des Ports du Cameroun PCR Project Completion Repor/Rapport d'achbvement de Projet  FOR OFFICIAL USE ONLY THE WORLD BANK Washington, D.C. 20433 U.S.A. Offtce of Director-Goaeral Operations Evaluation June 30, 1993 MEMORAIDUM TO THE EXECUTIVE DIRECTORS AND THE PRESiDENT SUBJECT: Project Completion Report on Cameroon Third Douala Port Project (Loan 2259-CM) Attached is the "Project Completion Report on Cameroon -- Third Douala Port Project (Loan 2259-E$R)" prepared by the Africa Regional Office. Part II is missing. The Loan (US$22.5 million equivalent of March 1983) was to provide additional capacity, to improve navigational safety and access to the port, and to strengthen administrative and operational efficiency. Project preparation was adversely affected by the desire to accelerate processing. Important conditionalities, related to port operations and management, were eliminated between appraisal and negotiations. Bank mission teams did not include the skills needed to process such a complex project. Notwithstanding experience from the First and Second Port Projects, _.t was assumed that the port authority would operate as an independent entity; in fact, the port authority had no financial autonomy. Implementation suffered a two and a half year delay, traffic forecasts were overoptimistic, facilities built under the project are underutilized, financial covenants were only partially complied with, and maintenance is being neglected. The economic rate of return ls less than 102. The project is rated as unsatisfactory, its sustaiuability unlikely and its institutional impact as negligible. The PCR is thorough and candid about th. nhortcomings of the appraisal and supervision. No audit is planned. This documt has a restricted distribution and may be used by recipients onty fn the performce of thefr officiat duties. its contents mey not otherwise be disclosed without Wortd Sank authorization.  FOR OFCL4 USE ONLY REPUBLIC OF CAMEROON TIRD DOUALA PORT PROJECT LWAAN 2259-CM PROJECT COMPLETION REPORT CONTENTS Page No. Prefae Evaluation Summary PART I. PROJECT REVIEW FROM BIANK'S PERSPCTIVE 1. Project Identity ......... ....................... 1 2. Backgound .......... ......................... 1 3. Project Objecives and Descripion .................... 2 4. Project Design and Organization ...................... 2 5. Project Implementation ........................... 4 6. Project Results .......... ....................... 6 7. Project Sustanabiity .............................. 9 S. Bank Performance .............................. 9 9. Borrower Performance ............................ 12 10. ProjectRelationship ............................. 14 11. Consuting and Contractual Services ................... 15 12. Project Documentation and Data ..... .... ............ 15 PART U. PROJECT REVIEW FROM BORROWER'S sRSPECTIVE PART Il[. STATISTICAL INFORMATION 1. Related Bank Loans and Credits ...................... 18 2. Project Timetable ............................ 4.. 19 3. Loan Disbursements ............................. 20 4. Project Implemenion ........................... 21 5. Project Costs and Financing ........................ 22 6. ProjectResults ................................. 24 7. Compliance with Loan Covenants ..................... 35 8. UseofBankResources ........................... 37 Maps - IBRD N