India - Andhra Pradesh Cyclone Emergency Reconstruction Project

Dwutment of The World Bank FOR OFFICIAL USE ONLY A4/ -' 3G )- 4/v Repast No. P-5363-IN MEMORANDUM AND RECOMENDATION OF THE PRESIDENT OF THE INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT AND THE INTERNATIONAL DEVELOPMENT ASSOCIATION TO THE EXECUTIVE DIRECTORS ON A PROPOSED LOAN IN AN AMOUNT EQUIVALENT TO US$40 MILLION AND ON A PROPOSED CREDIT IN AN AMOUNT EQUIVALENT TO Sz)R 126.1 MILLION TO IMDIA ANDHRA PRADESH CYCLONE EMERGENCY RECONSTRUCTION PROJECT SEPTEMBER 18, 1990 This document has a restricted distbution and may be used by recipien only in the pwformane of their official duties. Its contents may not otherwise be dscloed without World Dank authorhatbo.  CURREJNCY AND EOIUIAIENI UNX milnion = lOhs lOmnilkon = lerore US$1 17.5 rupees WEIGHTS ANI) USURE 1 Meter (m) = 3.28 feet (ft) 1 Kilometer (km) = 0.62 miles 1 hectare (ha) = 2.47 acres LIST OF ACERQNM AP - Andhra Pradesh APFD - Andhra Pradesh Forestry Department APHC - Andhra Pradesh Housing Corporation APSEB - Andhra Pradesh Sae Electicity Boawd ERP - EmrgencyRefProgam GOAP - Govemment of Andhra Pradesh GOI - Govemment of India WAD - Intemational Fund for Agilal Development ICB - nnational Conmp Bidding LCB - Local Competifive Bidding NGO - No- mental Orgizaton 0&M - Opeation and Main=tec OLC - Offici Level Commttee PMU - Project Maagment Unit SOEs - Statement of Expenditures TA - Technical Annex FISCALXEAR April I - Match 31  FOR OmCIA USE ONLY INDIA A!lPA ERPIAES C YBDh MEG= REcbNSRUO PROJEC IDNAM=ANT D- PRMJECr SUYdA Bower. India, acting by its Presdent Goverment of Andhra Pradesh (GOAP) ABRD Loan US$ 40 MiMlion equivalent IDA Crdt SDR 126.1 Mllon (US$170 million equivalent) ezms: EBRD: Twenty years, including a five year gmce period, at the Bank's sandard variable interest rate. IDA: Standard with 35 years maturity, including a 10 year grce peiod. Qnleding.lbnn: bIdia to tle Goverment of Andhra Pradebs; all the funds, in accordance with standard aragements for developmental assistance to Staes. US$ Mlllion --mancing,plalI: BRD 40.0 IDA 170.0 IDA Credit 1665-IN (Second Andhra Prades Irrigation Project) a/ 55.0 Government of Andhra Pradesh 1J= Economic Rate of Reqnn: N.A. Staff AppTaisal Rmrt:None. Technical Annex attached in lieu. p: IBRD 22568 1 It is proposed that Cedit 1665-IN, which finances the Second Andhra Pradesh liigation Project be amended to allow it to finance cyclone reconstruction in the areas of irigadon and dranage. This document has a restricted distribution and may be used by recipients only in the performance of their official duties. Its contents may not otherwise be disclosed without World Bank authorization.  MEMORANDUTM AND RECOMMENDATION OF THE PRESIDENT OF TBE INTERNATONAL BANK FOR RECONSTRUCTON AND DEVELOPMEN AND OF THE INTERNATIONAL DEVELOPMENT ASSOCIATION TO THE EXECUTIVE DIRECTIORS ON A PROPOSED LOAN/REDIT TO INDIA FOR THE AMM) PRADESH CYCONE EMEGENCY Bz=M1MMN RS 1. rhe following memorandum and recommendation on a proposed loan of US$ 40 million equivalent and credit of SDR 126.1 million (US$ 170 million equivalent) to the Government of India (GOI) is submitted for apprvaL The proposed loan would be for twenty years, including a - five year grace period, at the Bank's standard variable interest rate. 'he proposed credit would be on standard IDA terms, with 35 years maturity, including a grace period of ten years. The proposed loan/credit would help the May 1990 cyclone emergency reconstruction and mitigation program in the coastal region in the State of Andhra Pradesh. In addition, it is also proposed that the ongoing Second Andhra Pradesh Irrigation Project (Credit 1665-INLoan 2662-IN), which currently supports inrigation development in Andhra Pradesh, be reformulated to allow the use of US$ 55 million of its funds to finance part of the irrigation and drminage component of the proposed project The proceeds of the above funds will be passed on by the GOI to the Govment of Andhra Pradesh in accordance with its standard arrangements for development assistance to the states, and the GOI will assume the foreign exchange risks. 2. Backgmud, Andhra Pradesh is India's fifth largest state (274,000 sq.km) and the fourth most populous (60 million). The State has a 1,030 km coastline on the Bay of Bengal, and two of India's largest rivers (Godavai and Krishna) which have large irgated deltas at their convergence ith the Bay. The coastal districts cover some of the most ferdle and densely populated areas of the State. On May 9, 1990, an extremely strong cyclone hit Andhra Pradesh (AP), bringing winds in excessof 200 kn/hr, a tidal wave rising to about fourmeters and moving up to 10 km inland in some areas, and very heavy rains over a three days period (300- 500 mm) equal about half of the average annual rainfaU in these areas. All of AP's nine coastal districts and one inland district, including some 5,160 villages and about 8 million people to varying degrees were affeted. Almost 1,000 people were killed, vwth heavy damage to infrastructure and producdvity in all sectors, which in total was esdmated at US$ 1,250 million. Extensive damage was done to both the major and minor irrigadon systems, caused by breaches in the tidal banks resulting in the cusion of saline water, further aggravated by flooding arising from the heavy rains which caused breaches in the embankents of rivers and upland streams. Many bridges were breached or washed away, with about 13,000 km of state highways and major roads, in addition to many small roads connecting villages, badly damaged. Electicity supply was affected, with damage to about 17,000 distrbution transformers and 48,000 km of distribution lines. In agriculture, some harvested paddy and standing crops were destroyed, with the tidal incursion affecting some 50,000 ha, and the breached rivers depositing sand (sandcasting) at varying depths on about 16,000 ha of cultivable lands. In animal husbandry, almost 130,000 cattle, sheep and goats and 4.3 million * poultry were lost and, in the fisheries sector, more than 10% of fishing craft and 60% of tackle were lost or badly damaged. Also, about 1.6 million low cost houses were damaged to varying degrees. In the "tribal agency" area of Vishakapatnam district, a hilly inland isolated area which is home to some 300,000 tribals, heavy rains did considerable damage to the limited roads as well as causing landslides, some of which caused damage to agrcultural lands. 3. As a result of improved awareness and emergency measures, introduced after the 1977 cyclone which kalled about 10,000 people, many lives were saved. These measwes included improvemenlt in the early warning system and evacuation procedures, raising the height of the tidal bank, building cyclone shelters and inrducing vegetative coastal shelter belts. In all, about 650,000 people wer evacuatd from 546 villages and sheltered in 1,098 relief centes, which were served by medical teams, for periods of 3 to 8 days. in addition, cyclone shelters accommodated another 250,000 people. The government's relief efforts, with the help of many voluntary  2 organizations, performed well and food, water and milk packets were dropped to marooned and inaccessible areas for a period of 10 days. As villages retuned to accessibility, 543 medical and 2,450 para-medical teams attended to diarrhea surveillance, chlorination of drinking water, disinfection, medical aid, injuies, anti-cholera inoculations, and other anti-epidemic measures. Since then, GOAP has spent and/or committd US$ 145 million on rescue and urgent relief operations, including assistance for repair of houses, food and utensils, and assistance for the rehabilitation of agricultural lands. Urgent reconstruction of the beaches in rivers and canals and desilting operations have begun, also repairs of most urgent roadways where this is possible, reconstruction of the electricity network, and temporary rehabilitation of public buildings, water and sewerage. Due to resource constraints, this work is going at a slow pace and more important, frequently lacks the engineering under pinning necessary to ensure good -,uality. 4. Rationale for Bank Involvement1. The Bank's assistance strategy to India is to support policies and investments that will encourage economic growth and poverty alleviation in a context of macro economic stability. An increasingly important element of the strategy is to promote sustainable progams, especially in agricultue, that will protect and e hance the natural resource base. In the context of the recent cyclone disaster in AP, the Bank with its wide experience in the sectors to be reconstructed, will provide the resources and technical support to ensure that the necessary reconstructton investment is accelerated and implemented in the most efficient way, with adequate attention to quality. The scale of the disaster, both on human life and productive assets and its significant effect on the poor, is such to warrant special and urgent support by the Bank The govemment and the relief orgaions have reacted and performed creditably, and have conmitted significant resources for the current relief effort, including assistance for the repairing of housing for the poorer sections. However, this wiU not be sufficient to make a significant impact on the necessary reconstruction and rehabilitation to the damaged infratrucue and to restore the necessary productivity within a reasonable period. Equally important, the government on its own wiU not be able to take the steps necessary to mitigate the significant impact of future similar disasters. The area affected in the Krishna and Godavari delta is among the richest agricultural land of AP and production will benefit significantly from an improved ingation and drainage system. There are two particularly poor groups, mainly in the fishing communites, who are in a 10-20 km coastal strip which bears the brunt of this and other cyclones and who would benefit from the more permanent rehabilitation efforts envisioned under the project Also, the poor hill tnbes would be particularly helped under the program from the improved quality of road and embankment construction which would reduce landslides, from improved irgation and drainage, and from the support of the program to move them away from the practice of shifting cultivation. In light of the above, the Bank is justified to process quickly the proposal as an Emergency Project, with implementation within a three year period. 5. Project bJetives. The positive effects of the improved emergency and awareness measues previously taken by the Government of Andhra Pradesh (GOAP) have been reflected in the reduced number of deaths. With the Govemment and local groups having carried out the immediate relief activities and emergency repairs, the Bank would now assist in (a) cyclone reconstruction operations in the cyclone affected areas, including the restoration of assets and productivity lost and/or damaged, and a program for the mitigation of future similar disasters; and (b) strengthening institutional capabilities in cyclone preparedness and mitigation. The project would also be the catalyst for a complete update of previous surveys and studies carried out on the water management issues affecting the delta area, with the view to develop a "Delta Plan" for the Modenization of the deltas, which would have enormous economic impact on the State. 1 Includes both the Bank and 1DA.  3 6. Prje D Vdon. The project consists of those most urgent reconstruction activities that can be inplemented during a te year period, and including only the most urgent aspects of mitigation. These actvides, which are summarized as a set of detailed Project Working Papers (PWP), identify specific infastructures and services which would be reconstructed, repaired or abilMed under the projew The project is summatized below under the following eleven components, against which is shown the related percentage of total base costs: (a) irrigation and drainage (34%), relating to the reconstruction and rehabilitation of the irrigation and drainage systems in the delta areas, covering over 1 million hectares, and the apland portion of districts in the affected areas. The works would reduce the effect of upland dmnage on the delta areas, clean, restore and improve irrigation and drainage channels, tidal and flood protection n t, control fresh water levels in inportant Kollem Lake, relieve chronic flooding of urban areas, and restore minor irrigation tanks; (b) roads and bridges (28%), relaing to the reconstruction and repairs of the most urgent of about 13,000 km of state and 12,000 km of rural roads damaged by the cyclone, about 100 km of road embankments, and related bridges and culverts damaged to varying degrees, with particular attention for stabiizing slopes and repairing roads in hilly tribal aeas; (c) cyclone shelters (2%), to construct additional shelters needed in the most vulnerable areas; (d) electicity (12%), for repairing and strengtening over 1,000 km of 33 kv and 11 kv electricity uansmission systems, which would ensure tha the electricit supply to major towns would only be minimally affected during future disasters, particularly for important loads such as hospitals, water supplies, telephone exchanges, and administrative centers; (e) agriculture including fisheres (7%), to include the provision of credit to cyclone vicdms to assist in the removal of sandcasting, the rehabilitation of horicultural crops including nurseries, facilites for inland fisheries, the replacement and repair of fishing boats and tackle, the repair of damaged ports, and to support the administration of the PMU. This credit would be a special progam of GOAP, which would have no impact on the financial performance of the cooperative credit systerx and an undrstanding was reached at negotiations that the State would absorb the credit risk, (f) rural water supply (3%), to construct headworks outside the flood prone area for distribution to those villages most vulnerable to flood induced contamination; (g) municipal services (3%), to reconstruct municipal roads, drans and water supplies in selected municipalities; (h) public buildings (2%), to reconstruct and repair high, elementary and primary schools, and medical buildings; (1) coastal shelter belts (2%), to establish nurseries for the rehabilitaion of damaged plantaions and to expand the belt over the most vulnerable areas; O) housing (3%), to assist coastal dwellers in the repair of their damaged houses; and (k) technical assistance (4%), to finance technical studies with the view to developing a plan to modernize water management in the delta and upland river areas; provide consultant services, training and equipment for the disaster awareness programn; and to introduce NGOs in support of tibal development initiatives and in the fishing communities. Additional staff would be engaged for the purposes of carrying out the Project, and such staff would be progressively absorbed into the GOAP system as the project nears its end, to fill vacant positions arising from normal attrition, and would therefore not be surplus. 7. Cost Estimates and Financing. Sumary cost estimates, showing project costs of US$ 380 millon, and the financing plan are given in Schedule A attached. The proposed Loan/Credit, with the proposed use of funds from the ongoing Second Andhra Pradesh Irrigation (AP II) Project, would together finance about 70% of project cost excluding taxes. The funds from the reformulated AP R project would be limited to financing a part of the Irigation and Drainage component After the project has been made effective, a Special Account would be establshed in US dollars in the Reserve Bank of India with an initial deposit of US$ 20 million, from which project expenditures would be reimbursed. GOI would throughout the life of the Project, release about two months anticipated project expenditures in advance to GOAP. Prompdy after each such release, GOAP would make similar advances, imited for project expenditures,  4 through the setting up of letters of credit, release of funds and government oes to the project pardcipating departments and agencies, in accordance with its normal procedures for financing state expenditures. Retroactive financing up to a total of US$ 20 million is proposed to cover eligible project expenditure, incurred before signing but after June 16, 1990, the date of the appraisal mission. 8. IMkilntti n. The project would be implemented by the Project Management Unit (PMU) which would be located in the Department of Finance and Planning in GOAP, and would funcion under the umbrella of a Special Cabinet Committee headed by the Chief Minister. The PMU would exise jurisdiction over specific project activities identified under each component, wbich would be implemented by existing State departments and agencies and participating municipalities. Given the small size of each package, civil works would be caried out by contractors selected by LCB, except small and emergency works which could be done by "force accout". Amounts and method of procurement are shown in Schedule B. Procedures for project implementation and for sub-project appraisal would follow standards and operational procedures of the participating departments and agencies, which are acceptable to the Bank. Amounts of disbursements and the disbursement schedule are also shown in Schedule B. A timetable of key project processing events and the status of Bank Group operations in India are given in Schedules C and D, respectively. A map is also attached. 9. Actions Ageed. GOAP has agreed to (a) caTry out such works under the project as shall be acceptable to the Bank, in accordance with plans, technical, environmental design and standards acceptable to the Bank; (b) by December 31,1993, increase the allocations for operations and maintenance of the affected inigated areas by at least 80%o of the present allocation; (c) make available to the beneficiaries the proceeds of the agricultural credit (para. 6e) in accordance vith the Participating Agreements between the GOAP and the State's cooperative banks, incorporting the arrangements for implementing this component; (d) manage, monitor and evaluate the progress of the Project through the PMU; and (e) submit semi-annual progress report, beginning Januazy 1, 1991. In addition, GOI/GOAP has agreed to follow the anrangements for procurement, accounting, auditing and reporting, acceptable to the Bank. 10. Benefits and Risks. The project would have immediate economic and social benefits. Economic benefits would derive from the reconstruction and rehabitation of infiasutue necessary for the reestablishment of productive actvities which were either brought to a halt or curtailed by reason of the diastus cyclone. This benefit would be more lasting than that of the infrastructure it rplaced, as the proect would ensure that work implemented would be sufficiently well designed, planned and executed to ensure the restoration of the assets at an improved standard. This reconstruction, when added to the aspects of mitigation being introduced, would significantly reduce the impact of future cyclones. Social benefits would also derive from the reconstruction of infrastructure as roads and bridges are replaced and communication among villages reinstated. Also, benefits would derive through replacing the livelihood of the poor fishing cozmunities, tribal areas and the rehabilimtion of nrual and urban services. 11. The major project risk is associated with its timely implementation. If it takes more than three years to implement, one of the main rationale for it being an emergency project would disappear. Steps have been taken to ensure that appropriate and streamined management and opadonal procedures are put in place which would make the progam atainable, particularly in counterpart financing and procurement Procedures introduced under the project provide: (a) for an improved arrangement for channeling funds from GOI to the State, and downward to participating departments and agencies; and (b) streamlined procurement procedures which are  5 expected to acceleme project implementation. Ihere axe no odter direct isks as the expectod inestments are tied to tangible investments, as well as to known and proven tee&nologie 12. Recnwndon I am satisfied that the proposed Loan/Credit would comply with the Articles and Agreements of the Bank and the Assoaon and recommend that the Executve Dits approve the proposed Loan/Credit Barber B. Conable President Attachmen Washington, D.C September 18, 1990  6 Schedule A AQDH PRADESH CYCLONE EMERGENCY RECONSTRUCIION PROJECT ESTIMATED COSTS AND FINANCING PLAN Estimated Costs 1. Pject Cgmpon-ent L1o Foreigni ToWa ---- US$ Million --- InigationandDrainage 99 12 111 Roads and Bridges 74 19 93 Cyclone Shelters 4 1 5 Electricity 32 8 40 Agnculture and Fisheries 20 4 24 Rural Water Supply 8 1 9 Municipal Services 8 2 10 Incremental Staff Salaries 13 - 13 Public Buildings 6 1 7 Coast ShelterBelt 6 - 6 Housing 10 - 10 Technical Assistance 7 6 13 287 54 341 Physical Contingencies 25 3 28 Price Contingencies 9 2 11 TOTAL Project Costs 321 NOTES: 1. Total physical contingencies are about 10% of base costs. Price contingencies (foreign and local) are shown at 3% per annumL 2. Taxes and duties estmated at US$15 M equivalent have been deducted in ariving at the above figures. 2. Financing Plan -L-a- Foreign Total ---US$ Million---- IBRD 29 11 40 IDA 122 48 170 IDA Credit 1665-IN (Second Andhra Pradesh Irrigation Project) -a 55 - 55 GOAP 115 - 115 TOTAL 21 59 ' It is proposed that Credit 1665-IN, which finances the Second Andhra Pradesh Irrigation Project be amended to allow it to finance cyclone reconstruction in the areas of irrigation and drainage.  7 Schedule B Page I of 2 EDIA ANDBRA PRADES CY==O EbMMDEt=C RECONSUIM R5J PO ROJTT MRQMEMMN QpDSUEME= AND hW!MaMediod Civil Wors 239 45 284 (120) (24) (144) Equipmnent, Matrs and Velicles 21 21 2 44 (18) (16) (1) (35) Credit 18 18 (13) (13) emental Staff Salries 13 13 v ~~~~~~~~~~~~~~~~(.8) (8) Co-sukancy and Training 10 10 (10) (10) Housing Grains 11 11 (0) (0) Total 21 260 47 52 380 (of which, the poposed Lom/Cret) M (3 i Foe-accut_ imizd locad bidding and cost-pus. Notes: (1) Second AP Irrigaton (Cr. 1665-IN/Loan 2662-lN) would be refmulaed to allow the use of US$55 mfllion to fina part of the Civil Work in the Irrigatin and Drainage component. (2) Total project cost icludes contngencies, but excludes taxes and duties. Figures m parentheses is the financing plan of the proposed Lon/Credt The Loan/Credit does not disburse against Housing, Public Buildings and Coastal Shelter components. (3) ICB procedures wil be used to award contracts for equipment and good costing above US$200,000. Cwiil works are scatered and are of a size that would not interest foreign bidders. (4) Odter Force Account could apply for small and emergency work costing less dtan US$100,000 to a total of US$ 25 million. Local shopping prcedure is limited to US$2 million. (5) Costancy and tring incldes US$6 miUhion for the update of exing irigadon stdfies for the n znof the AP river delt. Guidelines for the TORs for the updaes are included in the PWP and fial TORis at expected within six months ater the project date.  8 Schedule B Page 2 of 2 Disburements LknCm gQ Disbursement % of expenditures Amount to be disbursed (US$ M) Civi works - irrigation and drainage, roads 144 70% of expenditures and bridges, cyclone shelters, electricity, rural water supply, municipal services, and agriculture and fisheies. Equipment. Materials and Vehicles - 35 100% of foxeign irigation and drainage, roads expenditure, 100% of and bridges, cyclone shelters, local expendittues rural water supply, municipal (ex-factory cost) and senices, electricity, agriculture 70% of local and fisheries, and technical expenditures for other assistanoe. items procured locally. Agicultural Credit 13 70% of sub-loans icremental Staff Salaries 8 60% (average on a declining scale) Consultant services and ining 10 100% of expenditures Estimated Bank/IDA Disbusmnent Bark Fiscal YeaT FY91 m2 FY93 FY94 -----US$ Million-- Annual 401i 60 60 50 Cumulative 40 it 100 160 210 X1 Includes initial Special Account Deposit of US$ 20 million.  9 Schedule C INDIA ANRJK BPRAES CYCLNE EMMGE3NCY- RECO-NSTRUICIIN RJ T Uie of Key Mea Pocesig Events (a) 71Tme take to prepare: 3-1/2 mondts (b) Prepared by: Govemment of Andbra Pradesh (c) Appraisalmnissiondeparture: June 16, 1990 (first Bank mission) (d) Negotiations: August 27, 1990 (e) Planned date of effectivenes: October31, 1990 (f) List of relevant PCRs and PPARs: None  10 SOIEDULE 0 PACE 1 of 4 t11E STATUS OF AIl( COtP OPtATlONS IN INDIA A. STATEMT OF BN LOANS AND IDA MOM (As of Jun e0 8 1990) 1JS million (net .9 ancellations) Lea or Fiscal Year Credit Me. of Approval Purpoe IEIR IDA I/ Undlubursed 2/ 73 Leanv/ 440.3 - l50 Credit ful ly dltbrse - 10537.2 1172-IN 1982 Kor-be Thle Poer U1 - 400.0 30.45 1177-IN 1982 Madhys Pradesh Major Irrigatlon - 220.0 89.10 173-rN isum West Bengal Social Forestry - 29.0 6.15 2076-2N 1982 Ramagundm Therml Power 22 280.0 - 18.40 1280-IN 1i63 Cujarat Water Supply - 72.0 39.82 12uS-IN 1363 Jmu/Kasha r and Haryane Social Forestry - 33.0 S.10 / 1319-IN 163 Haryana Irrig;tlon U1 150.0 39.90 1332-IN 1963 U.P. Public Tubeoells U1 - 101.0 10.8s 1356-IN 1963 Upper Indravata Hydro Power - 170.0 s2.88 2278-IN 1983 Upper Indravati Hydro Power 156.4 - 18.01 ' 1369-IN 1963 Calcutta Urban Development UII - 147.0 90.34 2283-IN 1963 Central Power Transmission 2S0.7 - 172.33 2296-2N 1963 Halayan Watershed Management 31.2 - 13.70 1383-IN 1963 Maheraehtra Water Utilization - 32.0 5.23 2329-IN 1963 Madhya Pradesh Urban 16.1 - 7.27 1424-2N 1984 Ra nfed Areas Watershed Dev. - 31.0 31.27 1426-IN 1964 Population III - 70.0 7.48 1432-IN 1964 Karnataka Social Forestry - 27.0 10.95 238?-IN 1964 Nhawv Shews Port 260.0 - 26.83 2393-IN 1984 Dudhichua Coal 109.0 - 29.07 2403-IN 1964 Camby Bsin; Petroleum 213.S - 61.44 2415-IN 1964 Madhya Pradesh eFrt;lizwe 203.8 - 44.19 1464-N 1964 Taml Nadu Water Supply - 38.5 22.53 SF-12-IN 1934 Tamil Nadu Water Supply - 36.5 43.20 1468-IN 19S4 Portyar Vaigal ; Irrigatlon - 17.5 0.21 SF-16-DN 1984 Perlyar Veigal US Irrigation - 17.5 13.48 1483-IN 1964 Upper Cangs Irrigation - 12S.0 108.85 1496-IN 1984 Cujarat Medium Irrigation - 12.0 107.7S 2416-IN 1964 Indira Sarover Hydroelectr;c 17.4 - 12.60 SF-20-IN 1984 Indira Sarovar Hydroelectric - 13.8 16.S5 1813-IN 1968 Indira Sarovar Hydroelectric - 13.2 10.42 2417-IN 1984 Ra Ilways ElectrifIcation 279.2 - 64.87 2442-IN 1984 Farakka U Thermal Poer 300.8 _ 196.77 2452-IN 1984 Fourth Truebay Thrmal Por 13.64 _ 13.96 1602-IN 1984 National Cooperative Devlopment Corporation III - 220.0 149.83 1514-IN 1968 Kerala Social Forestry - 31.8 2040S 1623-IN 1985 National Agric. Exteion I - 39.1 37.56 1644-TN 1986 Bombay Urban Developmt - 138.0 118.57 a/ Final dli sursmenta being procesed.  SCHEDULE 0 PACE 2 of 4 USS 11 illion (net of canceliatllons) Loan or Fiscal Year Credit No. of Approval Purpose DA I/ Uidibursed 2/ 2497-rn 1i6" Narda (Jrat) Dm and Po"er 200.0 - 200.00 1S2-IN 106S Nrmd (Gitrat) Des and Power - 100.0 81.88 1563-IN 198i Narmad (sat) Conal - 150.0 149.66 1S6-IN 1085 Se Itionl Agrliultural Ext. - 49.0 37.09 1611-IN 165 National Scil Foretry - 165.0 114.58 2401-IN 1t65 JIhanls Cokling Coal 57.7 6.88 2SO-IN 190S Mhar"htre Petrochemicals 300.0 - 17.57 2534-IN 196S Second National Highway 200.0 - IS1.67 2S44-N 198S Chandrapur Th-emal Powr 300.0 - 186.38 2SS&-IN 1965 Riend Power Trnsmis-ion 250.0 - 77.85 2682-IN 1908 Kerala P oe178.0 - 152.80 1619-DN 193S Wsot Bengal Minor Irrigation - 09.0 121.69 1S21-IN 1985 Mharaahtra C.poelt. Irrigation - 160.0 191.24 l622-IN 1066 Keral. Voter Supply and Sanitation - 41.0 41.53 1623-rN 1966 West Ben9al Popu-ation - 51.0 34.70 1631-IN 1986 National Agrieultural Research II - 72.1 72.44 2629-IN 1980 Industrial Export DCv. Finance 90.0 - 45.38 2830-IN 1086 ICICI-Indus. Exp. Dev Finance 180.0 - 64.54 1843-IN 1986 CuG;rat Urban - 62.0 50.86 2653-IN 1066 NASARD I 375.0 - 5.93 2660-IN 10Se Cement Industry 185.0 - 93.33 266-IN 196 ICICI Cement Industry 35.0 - 25.19 1*6S-IN 1986 Andhra Praderh It Irrigation - 140.0 158.41 2962-IN 1966 Andhra Pradesh SS Irrigation 131.0 - 131.00 2674-IN 1986 Combined Cycle Power 485.0 - 89.13 2730-IN 1988 Cooperative Fertilizke 145.0 - S3.98 1737-IN 106? Bihar Tubewells - 68.0 68.46 o2769-IN 1987 Bembay Water Supply a Sewerage III 40.0 - 40.00 1750-IN 1987 BobaY Water Supply & Sewerage III - 145.0 120.57 17S4-IN 1907 National Agric. Extension III - 85.0 7S.03 1717-IN 1987 Gujarat Rural Roads - 119.6 118.85 1770-IN 1987 National Water manages-nt - 114.0 107.T9 2765-IN 1907 all India Petroleum 140.0 - 93.18 2706-IN 107 Coal mining a quality Improvement 440.0 - 129.83 2613-IN 1987 TelecomunIcati one DX 193.0 - 42.35 2779-IN 1067 Utter Prodsh Urban Development 20.0 - 20.00 1760-IN 1907 Utter Pradesh Urban Development - 130.0 111.77 2627-IN 1987 Karnatka Power 330.0 - 304.68 2844-IN 1to7 National Capital Power 485.0 - 359.47 2645-IN 1987 Tolchar Thermal 375.0 - 344.82 2846-IN 107 Madras Water Supply S3.0 - 53.00 1522-1N 1s6 Madras Water Supply - 16.0 4.17 2893-IN 1088 National Oairy rs 200.0 - 200.00 1*55-IN 1988 NatIonal Dairy SS 160.0 P6.94 2904-IN 1908 Western Gas Development 263.3 - 126.67 2026-DN 1S6 Indus. Fin. A Tech. Asat. 360.0 - 215.3 2029-IN 1988 Housing Dcv. Finance Corp. 250.0 - 54.53 2935-IN 1088 Railway Modernization III 390.0 - 101.88 2938-IN 1068 Karnataka Power TX 260.0 - 239.01 2967-IN 1986 Utter Pradesh Power 350.0 - 323.38 1923-IN 196 Tamil Nadu Urban 0ev. - 300.2 241.33 1931-IN 1968 Bobay A Madras Population - 57.0 19.67 2904-IN 1989 States Roads 170.0 - 170.00 1969-DN 1989 State. Roads - 80.0 63.97 3024-IN 1989 Nathpa Jhakri Power 485.0 - 449.98 1952-IN 19W8 National Seds III - 1S0.0 139.81 3044-IN 1989 Petroleum Transport 340.0 - 340.00 2008.-IN 1989 Vocational Training - 250.0 220.90 304S-IN 1989 Vocational Tratning 30.0 - 30.00 2010-IN 1989 Upper Krishna Irrigation S - 160.0 136.13 3050-IN 1060 Upper Krishna Irrigation-II 1U6.0 - 185.00 3068-IN 1909 Export DOveloPment 120.0 - 108.30 3059-IN 1989 ICICI - Export Development 176.0 - 160.00  12 SCIEDULI 0 PACE 3 of 4 USX li llton (not of cancel lati ons) cLt Nor of Approl I Purpoe BRO IDA 1/ Undisbursed 2/ 2022-IN 1896 National Sertculturo - 147.0 132.73 3085-IN 189 National Sericulture 30.0 - 30.00 3093-IN 1989 Eioctronles Industry Oev. 8.0 7. 0 3094-IN l9S9 ICICI - Electronics nd. DOv. 101.0 - 91.00 096-IN 1989 SDBS - Electronics Ind. 0v. 101.0 - 91.04 3096-IN 1t8o Maharashtra Poer 400.0 - 380.08 2067-IN 1S6 NatIl. F;amly Welfare Trng. - 113.3 109.37 3108-IN 1989 NatI. Family Welfare Trng. 11.3 - 11.30 3119-IN l90 Industrial Technology Development 145.0 - 131.00 2064-IN 1890 Industrial Technology Development - 55.0 52.4S U144-IN 1990 Punjab Irrigation/Drainage 15.0 - 15.00 2076-IN 1990 Punjab IrrIgation/Drainage - 150.0 147.8S 2115-IN 1990 Hyderaba Water Supply- - 79.9 84.59 3181-IN 1990 Hyderabad Water Supply- 10.0 - 10.00 8198-IN 1990 Cement Industry Restructuring. 300.0 - 300.00 Totsl 06530.9 16349.2 11594.74 of which has been repaid 2444. S75. 8 Total now outstanding 140086.1 16773.4 Amount Sold 133.8 of which has been repatd 133.8 Total now held by Bank and IDA 3/ 14086.1 15773.4 Total undiabursed (excluding 7) 7127.9 4072.8 I/ IDA Credit amounts for SDR-denosinated Credits are xpressed in terms of their US dollar equivalonts, as established st the time of Credit negotiations and as subsequently presented to the Boord. 2/ Undi*bursed amounts for SDR-donominated IDA Credits are derived from cumulative disbursements converted to their US dollar equivalents at the SDR/US dollar exchange rats in effect on June 30, 1990, whil- original principal is based on the exchange rate in effect at negotiations. This accounts for the fact that In some cases the undisbursed balance as shown in USS equ;valent is higher than the original principal. 5/ Prior to exchange sdjustment. * Not yot effoctive.  13 SCHEDULE 0 PAE,.4 OF 4 8. STATEMENT OF IFC INVESThENTS (As of June 30, 1990) Amount (USS million) Fiscal Year Company Loon Equity Total 1959 Republic Forg- Company Ltd. 1.5 - 1.5 1969 Kirloska Oil Engines Ltd. 0.8 - 0.8 1960 Assam S;illmanite Ltd. 1.4 - 1.4 196l1 K.S.B. Pumps Ltd. 0.2 - 0.2 1963-66 Precision Bearings India Ltd. 0.8 0.4 1.C 1964 Fort Closter Industries Ltd. 0.8 0.4 1.2 1964-7b-79/90 Mahlndra Ugine Steel Co. Ltd. 11.8 2.7 14.5 1964 Lakshm; Machine Works Ltd. 1.0 0.3 1.3 1967 Joyshr,e Chemicals Ltd. 1.1 0.1 1.2 1967 Indian Explosives Ltd. 8.8 2.9 1.5 1969-70 Zuar; Agro-Chemicals Ltd. 15.2 38. 19.0 1976-67 Escorts Limited 1S.6 - 15.8 1978 Housing Development Finance Corp. 4.0 1.6 5.6 19S8182/87/81 Oeepak Fertilizer and Petrochemicals Corporation Ltd. 7.5 4.2 11.7 198l Coromandel Fertilizers Limited 15.9 - 15.9 1981-86-89 Tate Iron and Steel Company Ltd. 72.2 21.4 93.8 1981/90 Mahindra, Mahindra Limited 15.0 6.4 21.4 1981 NagarJuna Coated Tubes Ltd. 1.5 0.3 1.8 1981-88/87 Nag*rjuna Signode Limited 2.3 0.3 2.6 S981 Nagarjuns Steels Limited 3.5 0.2 3.7 1982 Ashok Leyland Limited 28.0 - 28.0 982 The Bombay Dyeing and Manufacturing Co. Ltd.. 18.8 - 18.8 2982 Bharat Forge Company Ltd. 1S.9 - 1S.9 1982 The Indian Rayon Corp. Ltd. 14.6 - 14.6 1984-8 The Owalior Rayon Silk Manu- facturing (Weaving) Co. Ltd. 16.0 - 16.0 1985 Bihar Sponge 15.2 0.8 15.8 198S Bajaj Auto Ltd. 23.9 - 23.9 1985 Uod1 Cement 13.0 - 13.0 198S India Lase* Development Ltd. S.0 0.8 5.8 t986 Larsen and Toubro Ltd. 21.8 - 21.8 1986 India Equisment Leasing Ltd. 2.5 0.3 2.8 1988 SBii Temp. Limited 30.5 - 30.5 1986 The Great Eastern Shipping Company Ltd. _0 S 9 11.9 1987 Oujarat arinade Valley Fertilizer 38.1 - 38.1 I987 Hero Honda Motors Ltd. 7.7 - 7.7 1987 Win*c Limited 4.7 - 4.7 1987-89-90 Titan Watches Limited 21.8 0.8 22.4 1987 Export-Import Bank of India 15.0 - 15.0 1987 Gujarat Fusion Glass Ltd. 7.5 1.7 9.2 1987 The Cujarat Rural Housing Finance Corp. 0.2 0.2 1987 Hindustan Motors Ltd. 37.7 - 37.7 1988 Invel - 1.1