Tunisia - Second Fisheries Project

Docwunnt of The World Bank FOR OMFICIAL USE ONLY Repwt No. 7772 PROJECT COMPLETION REPORT TUNISIA SECOND FISHERIES PROJECT (LOAN 1746-TUN) NAY 19, 1989 Europe, Middle east and North Africa Region Country Department II Agriculture Operations Division This document has a restricted distribudoD and may be used by recipients only In the perfomance of their oMcial duties. Its contents may not otherwlse be disclosed without World Bank authorization.  CURRENCY EQUIVALENTS Currency Unit : Tunisian Dinar (D) D1.OO US$1. US$1.00 a DO.87 (Average Calendar 1987) WEIGHIS AND MEASURES The metric system is used throughout this report. GLOSSARY OF ABBREVIATIONS BNT Banque Nationale de Tunisie (National Bank of Tunisia) CGP Commissariat General a la P&che (Fisheries Authority) FOSEP Fonds Special d'Encouragement a la Peche (Special Fund for Fisheries) INSTOP Institut National Scientifique et Technique d'Oceanographie et de Peche (Tunisian Vishery Research Institute) FISCAL YEAR January 1 - December 31  FOR OMCLAL US ONLY THE WORLID SANK Washtigton, D.C. 20433 UlS A. Ofk ci DircSuGswi May 19, 1989 MEMORANDUM TO THE EXECUTIVE DIRECTORS AND THE PRESIDENT SUBJECTs Project Completion Report on Tunisia Second Fisheries Proiect (Loan 1746-TUN) Attached, for information, is a copy of a report entitled "Project Completion Report on Tunisia Second Fisheries Project (Loan 1746-TUN)' prepared by the Europe, Middle East and North Africa Regional Office. Full evaluation of this project has not been made by the Operations Evaluation Department. Attacbment |of' their official duties. Its contents tnay not othewi be dhiosked without World Bank authoStion.  FOR OFFICIAL USE ONLY TUNISIA PROJECT COMPLETION REPORT SECOND FISHERIES PROJECT (LOAN 1746-TUN) Table of Contents Page No. PREFACE ...............................** i BASIC DATA SHEET ....ii EVALUATION SUMMIARY ....iv 1. BACKGROUND .................................... ... . 1 A. Resources ...... . . .............. 1 B. Sector Setting.. 1 II. FIRST FISHERIES PROJi'CT . . ................................. 2 III. PROJECT FORMULATION ......................... 3 A. Identification and Preparation . . 3 B. Appraisal ........... .. 3 IV. PROJECT START-UP . . 4 A. Effectiveness and Start-up . . 4 B. Revisions.. 5 C. Procurement. 5 V. CONSTRUCTION IMPLEMENTATION. 8 A. Implementation Schedule. . . 8 B. Port Component. . . 8 C. Credit Component ............................... . 10 D. Extension Component . . .14 E. Studies and Research ..................... . . 15 F. Institution-Building . . .16 VI. PROJECT IMPACT ..16 VII. BANK PERFORMANCE. 18 VIII. LESSONS LEARNED ..18 Annex 1: Economic Rate of Return Attachment I - Comments from the National Bank of Tunisia AttachmentII - Comments from the Fisheries Authority Map - IBRD 14170 This document has a resticted distribution and may be used by recipients only in the perfonmance of their official duties. Its contents may not otherwise be disclosed without World Bank authorization.  PROJECT COMPLETION REPORT TUNISIA SECOND FISHERIES PROJECT (Loan 1746-TUN) . PREFACE This is the Project Completion Report (PCR) for the Second Fisheries Project in Tunisia, for which Loan 1746-TUN in the amount of US$28.5 million was extended on July 20, 1979. The original loan closing date was June 30, 1985, but after two extensions the loan was officially closed on December 31, 1986. The grace period for the closing of loan accounts was extended to seven months. Final disbursement was made on July 2, 1987, about two years after the initially anticipated date. In March 1987 US$3.0 million of the uncommitted savings of the project were cancelled, and at the time of the final disbursements the remaining balance of US$1.7 million was cancelled. Hence the tctal amount disbursed under the project was US$23.8 million. This PCR was prepared by the Europe, Middle East and North Africa Regional Office, based on the "Rapport d'Achevement du 2 ieme Projet Peche" prepared by the Government, a review of Bank records and selected interviews with Bank staff who were associated with the project. No field visit was made. TIhe draft report was sent to the Borrower on March 1, 1989 for comments. Replies were received from the National Bank of Tunisia and from the Fisheries Authority and are included as Attachments I and II to the Project Completion Report (PCR). Their comments have been incorporated into the final PCR text.  - ii - TUNSA PROJECT COMPLETION REPORT SECOND 0FI RIES PROJECT BASIC DATA SHEET (LOAN 1746-TUN) KEY PROJECT DATA Appraisal Actual or Item ExRectation Current Estimate Total Project Costs (US$ million) 67.5 56.0 Underrun () - 172 Loan Amount (US$ million) 28.5 23.8 Disbursed June 30, 1985 28.5 12.3 Cancelled (June 30, 1988) - 4.7 Physical Components Completed 12/84 12/87 Proportion Completed by Appraisal Target Date 1001 70% Proportion of Time Overrun (2) 401 Institutional Performance weak Financial Performance - worse than expected Economic Rate of Return (2) 27 30 Staff Input (Staffweeks)