Peru - Transport Rehabilitation Project

;/4/ 37/7- /157 Document of The World Bank FOR OMaCL US ONLY RptM N. P-6185-PE REPORT AND RECOOMENDATION OF THE PRESIDENT OF THE INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT TO THE EXECUTIVE DIRECTORS ON A PROPOSED LOAN IN AN AMOUNT EQUIVALENT TO US$150 MILLION TO THE REPUBLIC OF PERU FOR A TRANSPORT REHABILITATION PROJECT FEBRUARY 17, 1994 MICROGRAPHICS Report No: P- 6185 PE Type: MOP This documert has a restricted distribudon and may be used by recipients only in the performance of their official duties. Its contents may not oterwise be disclosed without World Bank authorization.  CURRENCY EQUIVALENTS (as of October 15, 1993) Currency Unit = Sol US$1.00 = Soles 2.15 WEIGIs AND MEASURES Metric System FISCAL YEAR January 1 - December 31 ABBREVL4IAONS AND ACRONYM CMCPL Lima Municipal Bank for Popular Credit (Caja Municipal de Cr6dito Popular de Lima) CORPAC Peruvian Airport and Commercial Aviation Corporation (Corporacifn Peruana de Aeropuertos y Aviaci6n Comercial) ENAFER National Railway Company (Empresa Nacional de Ferrocarriles, S.A.) ICB Intnational Competitive Bidding IERR Internal Economic Rate of Return IMP International Monetary Fund LCB Local Competitive Bidding MLM Municipality of Metropolitan Lima (Municipalidad de Lima Metropolitana) MTCC Ministy of Transport, Communications, Housing ad Constuction (Ministerio de Transportes, Comunicaciones, Vivienda y Construcci6n) NMT Non-motorized Transport PCU Project Coordination Unit PPF Project Preparation Facility SOE Statement of Expendiures  FOR OFFICLAL USE ONLY PERU TRANSPORT REBABILJTATION PROJECT Lem and PNjec Sum&ay BOwoWer Republic of Peru Executg Agences: Miny of Trsport, CoMUications, Housing and ConstruCtion (MTCC); Nationd Railway Company (ENAFER); Municipality of Metropolitan Lima (MLM) Amount US$150 million ewqivent Tenrm: 20 yeas, including 5 years of grace, at the Bank's standard variable rate mirnuntal Category: B Pove Category: Not applicable Jinanin Plan: IBRD US$ 150.0 million Government of Peru US$ 54.0 million Germany US$ 38.0 million Told US$ 242.0 m4lion Rate of Retuln: Overal IERR is 27%, based on quantifiable benefits Staff Apprisal Report: 12309-PE, dated February 17, 1994 Map: IBRD 25105 IBRD 25544 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 authoron.  MEMORANDUM AND RECOMMENDATION 3F THE ESENT OF INTRNATIONAL BANK FOR RECONSMRUCTION AND DVOPM13NT TOIY)TE EXFCtJTIVE DIRECTORS ON A PROPOSE LOAN TO THIE RSPUBLC OF PERU POR A TRANSPORT IIEHABAIIATION PROJECT 1. I submit for your approval the following mrandum anid ecom ation on a proposed loan to the Republic of Peru for the equivalent of US$150 million to help finance a Trnsport Rehabilitation Project. ITe loan would be at the Bank's standad variale rate, with a matuty of 20 years, including 5 years of grace. 2. Ba ud. Peru's tmsport infiaruce ficed virtual collapse m the late 1980s due to prolonged ect of maitenance and rebabilitation. Ths resuted m high transport costs and serious botdenecks in the asport sytem. When Peru launched its sweeping economic stabilization and strcul adjustmat program in 1991, it ws clearly recognized that removig transport botlenecks and improving transport efficiency were crucial in susning the economic reorms program. The Government has undertakn a program of emergency repas and phased rebabilitaion of transport inastructue, and has initiaed sound and pragmatic policy refrms; however, additnal steps are needed to consolidate the reform, stregthen institutions, and improve ransport infr cture and srvices. 3. Th rtation of adequae transpor capacity, pariadacly for the road system, and the rebuilding of deicient sector instuions wil require sustained effort. The proposed Trasport Rehabilittion Project is an imortat step owards completing the phased resoraton program for the tansport sector. 4. Rationae for Bank JIvolvemeaL In March 1993, Peru successfully completed a debt workout program and deared its arrears with the Bank and the IMF. ITis allowed a resumption of lending, based on the Baks country assistance struegy for Peru which was discussed by the Board on April 20, 1993, together with the $250 million Privatzation Adjustnt Loan. Ihe ste has four main objectives: (i to susin stabilization and consoldate stuctua refrms; () to foster private sector development and public sector reform; (Iii) to alleviate povety and promote human resource development; and (iv) to rehabilitate key infrastrucue and rdorm reated policies. instonal capaiy is funda_mW to all four strategic objectives. This project will, in padcular, assist the Govenment in addreing the core iuure defciencies rough rehabiliaion compoentsin the roads, railway, and arport subsecrs. e project also supot policy refrms ftough pvatto of trst sector enities and sre ng of the restuctured public sector agencies remaining after pritizatoL Ihe proposed project would be one of the first investment loans to Peru since 1986. 5. Project Objecives. The project aims to address urgent transport auume needs critical to renewed economic and socid developmeLt. The transport finstuu is in various stages of disintegation due to neglect over the last 10 yeas and requires a large amount of immediat iements to reduce the bacldog. Overstaffing, a common feature of many public sector agencies, has been drastically reduced following a deliberate government policy to reduce the size of the civil service as well as liquidtion or sale of state-owned enterprises to the priva sector. Some govrenmnte agencs are now baely able to conduct day-t-da operaions becuse of a death of capable staff. Bank support is necessary to rebuild and strenghe institutonal capabilities of core transport agencies so that they can  -2- effectively utilize the large infusion of financial resources needed for the restoration of transport infrastructe and services. The project wil also lay the ground work for future projects, focussing on strengtiened road management, increased private secoor participation in the transport sector, and improved mobility of the poor. 6. Project Dlcriptl. The proposed project consists of five components: (a) road rehablUtaton and malmnance, including (i) rehabilitation of six roads totalling 725 kn, which are vital connections betwee the agricult areas of central Peru and the coast; (ii) a bridge program involving the acquisition and recovery of Bailey bridges and the reconstruction of derelict old bridges; (iii) a pilot mai_tenam program focussing on 620 km of road in a specified corridor; (iv) a traffic safety program; and (v) support to govement effots to rebuild an institutional stncture capable of maintig the road system; (b) rllry prMivzadon nd rehbltaon which aims to ensure early privatization of the railways by (i) reducing staff redundancy; (Ji) rationalizing railway debt; (iii) closing down or receiving budgetary trasfes from Government for unprofitable services; and (ho) urgent rehabilitation to keep the railway in operatig condition while the privatztion process is underway; (c) runway rehabiation at Lima aipon which is in urgent need of repair, before it becomes a danger to domestic and intermational aviation; (d) a plot project for non-motod tranport in lma which will test methods of promoting the use of bicycles among low-icome residents; and (e) techiel assiance and rainng whih aims to (f) strengthen the institudonal capacity for managing roads and bndges, and support the creaion and fering of an autonomous agency responsible for planning, operating, financing, and admitering the highway network; (i) build capacity in MTCC to manage environmental issues; and (iii) assist the railway in its privaization and imroving its management. 7. Ihe totl project cost i8 estmated at US$242 million (including taxes), of which US$43.6 are physcl and price contingencies. The foreign exchange component of the project is estimated at US$98 million (41 percen). The Bank, through this loan, wil finance US$150 million, Germany will fiance US$38 million for road rehabilitation, while the Governmens contribution will be US$54 million The project will complement a US$210 million loan approved by the Inter-American Development Bank in Januar 1992 for a Highway Repair and Maitenance Project. A breakdoin of costs and the financing plan are shown in Schedule A. Amounts and methods of procurement d disbseme, and the disbursement schedule, are shown in Schedule B. A tinetable of key project processing events and the Status of Bank Group Operations im Peru are given in Schedles C and D, respectively. Two maps, showing the national tranwsport system and the Lima bicycle componen, are also attaced. The Staf Appraisal Report No. 12309-PE, dated February 17, 1994 is being distributed separately. 8. Ieo Lamed from Past Bank Projects. The design of the Transport Rehabilitation Project reflects lessons learned from the Bank's itenional experience in the transport sector as well as from the prewious transport projects in Peru. KeW lessons include the need to: (1) set up an efficient project maagement and coordinating unit usig local profssionas engaged under private sector terms to ensure timely impleion and adeque monitoring of the project; and (ii) increase the Bank's cost sharing percentages on key compnen such as project design, supervision, and monitoring in order to ensure that lack of matching funds does not affect the implementtion of these cri elements. 9. Projec I The Ministry of Transport, Communications, Housing and Constucon (MTCC) will have overall responsibiity for project coordination, and will also be the implemeing agency for more ta three-qarters of project investments (rebabilitation and maintnane of roads, runway rehabilitation at Lima airport, and for a large part of the technicd assiste and tring cmpoe). The railway componen will be implemened by the national railway compan  -3- IIAFER) and the pilot non-motorized transport project will be implemented by the Municipality of M topolitan Lima (MLM). All project activities will be coordinated by the Project Coordination Unit (PCU) reporting to MTCC. The PCU is incorporated into a "Special Project" under govermnt procedur ensring operional autonomy and private sector employment practices. 10. Project . Efftive n is key to the sustainabiity of infastructure rehabiitation orks. During project prepaion, Goverment has taken de action to reorganize and stengte road maintenance atd to accelerat the retrcring of the railway compay. In addition, the project futer supports fUture maintae tbrough (a) a pilot road mantnac program, (b) studies on road adminstration and finance, and on airport maintenance, (c) technical assistance to the road agency in MTCC, and (d) a qunified condition that sufficient road maintece funds be included in the government budget. 11. Agred Asfifns Prior to negotiations, the Goverment confirmed that' (a) coutrpat funding will be made available for this project, (b) sufficient resources will be provided for routine maince of the entire nadona road network, and (c) it wil continue the policy of taxing road users at least he amount spent on road mainnce. Moreover, MTCC (d) formally established the Project Coordination Unit (PCM) and appointed its Diector; (e) established a unit responsible for environment aspects of the tansport sector; and (i) assisted the ENAFER Privatization Commiee in defining a privatizaon scheme and in establishing a saegy which mntans the railway operational durmg the transitional phase. The Goverment also submited a detailed schedule on the staffing of the PCU. During the negotiations, agreem was reached on the following: A. Meet M (a) The afrangemen for project implenion, including the functions of the PCu, the stafing reqired for the adequate implemenion of railway and NMT componens, and the fctions and adequate stafling of the transport-envionmentl office in MTCC. (b) Observance of the Environmental Mamnu for Road Designers and Contractors will be stipulated in all bidding ard contract documes let under the road componem of the project. (c) Key indicators and targets for monitonng project performance and achievement of project objectives. (d) Annual reviews will be carried out to assess progress; representatives of cofinancing agencies will be invited to participate in the annual reviews. (e) A mid-term project review will be carried out no later than 30 months after loan approval, involving the Bank and the relevant Government and cofinancing agencies, to: fi) assess the overall progress made in project implementation with respect to the monitoring indicators mentioned above; and (ii) consider proposals for restructuring or reorienting the project, responding to relevant sector and project issues, and taking account of agreed action plans for policy and/or instutional reforms.  -4- B. Finnild and 0wer R&q u Ena: (M) By June 30 of each year, MTCC will submit to the Bank the auditor's report and audited financida of the Speia Account, Project Accous and SOEs for the preceding calendar yea, audited by idependnt auditors acceptable to te Bak. () ~For those works under the bridge replacement subcomponent which are estimted to cost more than US$500,000, MTCC wil provide calculations to sow that the IERR is over 20%. (h) MTCC will infom the Bank on the progres of, and ssues considered by its analyses of road finance and aistration and submit Its action plan by December 31, 1994. (i) An annual allocation of not less than US$50 million equivalent, to be agreed by October 31 each year, will be made in the budget for the maintnance of aional roads other tlmn those covered direcdy under the project, dtese funds wil be released in a timely manner. In addition, the Government confrmed the assurance given prior to loan negoations that it will condmte its policy of levying road user charges in emess of road maintenance (j) ENAFER will ins proper accunting practices and, stating with fis yer 1994, submit the auditor's report and audited finan saments of its operations for each year, within 6 months from the end of that year, audxited by independent auditors acceptable to the Bank. (k) Establishment of a coordination committee in MTCC, hiring of consultants for constcion supervision, and engagement of an independent expert to advise the Minister or Vice-Mmister of Trsport are prereusites for signing a contract with a constuction firm to rehablitate the runway at Lima's airport. (a) Ihe Govermnent will assume ENAFER's debt (including f#ture arrears pealties and intre due), clear ENAFER's arrears with utility companies, and provide the funds needed for the staff restrucring program. (m) ENAFER will be divided into at least three operating companies. (n) ENAFER will not undertake any investments over US$5 million per year without the prior agreement of the World Bank. (o) ENAFER will prepare, by December 31, 1994, a staff training program designed to improve labor productivity. C. Cnd Won, of Loa ffeiceness: (p) Adequate staffing of the PCU, including the Director and personnel with qualifications and experience acceptable to the Bank. (q) Estblishment of the local accounts for the respective implementing agencies.  -5- D. Cende ofDbu (r) For railway works, equipment and maerials: (I) the Government will submit a timed action plan acceptable to the Bank, to restructre and privatize ENAFER; (ii) the Government and ENAFER will sign a subsidiay loan agreemen satisactory to the Bank, ind (iii) ENAFER will submit the auditor's repoct and audited financial stamue of its operations fbr 1993. (s) For the NMT component: the Governen and MLM will sign a subsidiary loan agreament satisfactory to the Bank. (t) For bicycles under subloans: the Lima Municipal Bank for Popular Credit (CMCPL) wiUl issue operating structions for its staff acceptable to the Bank. 12. If roIel Impaet The project is rated B for environment assessment. It is not likely to have scant adverse effects on the ewionment as it would ivolve prmariy m and rehabilitation operations, without major constuction of new infzaacre facilities. The use of an Environmental Manual for Road Conaors and the establishment of a tranportt ooffce in MTCC reprsent a signifant advance in this area. Other positive e Impacts would be aciieved due to improved trafflic safety on the project roads. By enabling the railway to provide cost- effcdve servie in onm y senstve areas, including the Cuzco-Machu Picchu conridor, the project would contrain the growth of motor vehicles and the need to constuct highwys. The pilot NMT progm provi specid emphasis on environmental improv through n ing e use of bicyles among the low-inoome popuation in Limt 13. Poety Category. Not applicable. 14. Poject Bef The main project benefit would be a more efildent and cost effective transport system that wl stimulate ahigher level of economic activity in the country. The project would conine to remove physical constait in trsport infrastrucue, reduce transport cost for goods and pasengers, and would support exports, farm producion, and the mobility of people. t would help allte rural poverty in the poorest areas of Peru, through provision of improved roads and emploVyment generation through laborbased road works. The internal economic rate of return from the overall project is 27 percent, rangin between 22 and 39 peet for the road rehabilitation schemes, 15 percent for the railway rehabilitation, and 25 percent for the runway rehabilitation at Lima airport. 15. Risks. Possible risks include: (*) widquate provision of counterpart funids for project implemeation; (ii) insuffcient budgetary resources for road mamce durig and ater the projet; (1l) ineffective project management, especialy arising from a lack of intituonal capacity of the implemenlting agencies; (Iv) insufflici nt absorptive capacity of the domesic construction industry; (v) lack of sustained com ent in reorming the railway; and (vi) mishaps or inordinate dels in the high- vislity aiport runway rehabilitation. Finally, the possibility of seurity risks for th contraco during the xecution of the works cannot be discoued.  16. Rcm n n I am satisfied that the proposed loan would comply with the Articles of Agreement of the Bank and recommend that the Executive Directors approve it. Lewis T. Preston President Attachments Washngton, D.C. February 17, 1994  -7-. ScheduleA Page 1 of 2 PERU TRANSPORT REHABILITATION PROJECT PROJECT COST SUMbMARY (US$ mon) PI-, CMPM Lea Fopdg T;oi Total % Forel Read Reabilaon (uml. Design and Superv.) 53.0 28.6 6.8 88.4 32 Bride Rehaiatio (imol. Design and Supesv.) 11.6 7.9 2.7 22.2 36 Road Maintenance (ml. Design and Suporvisio) 5.1 2.! 0.7 8.6 33 Equipment for Road Laboray 0.0 0.2 0.1 0.3 67 Traf Saet y Pmgram 0.3 0.5 0.2 1.0 SO DesiWn of Pubte Road Rehabilitation Schemes 2.2 1.2 0.6 4.0 30 Railway Privtzato and Raation 5.9 21.0 8.1 35.0 60 Runway Rehabilitatn at Linam Airpo 8.9 13.8 2.0 24.7 56 Pibot Pojet for NonwMatormied Trtin Lina 2.0 1.1 03 3.4 32 _Te*md A _ftm and Tmmng 2.0 2.8 0.9 5.7 49 Proet m ment 4.1 0 0 4.1 0 SubtothL Base COtss 95. 1 79.9 22A4 M7 PhyicadContingnoe 14.0 11.8 33 29.1 Pui C.Cont e 7.5 6.3 1.7 15.5 GRAND TlOTAL 116.6 98.0 27.4 242.0 41  4-8 Schiple A Page 2 of 2 PERU TRANSPORT IREABILATION PROJECT MFNANCING PLAN (U5$ namilo) Pwjet CAe_mi. Govamemnt Ban Germany Total Road Rehabilitation (incl. Design and Superv.) 18.1 52.2 38.0 108.3 Bridge Rehabilitation (incl. Design and Superv.) 5.6 22.2 27.3 Road Maintenancei (mcl. Desigp and Superv.) 2.1 8.7 10.8 Equipment for Road Laboratory 0.1 0.3 0.4 Taffc Safety Program 0.2 1.0 1.2 Design of Fuure Road Rebabilitation Schemes 0.7 4.1 4.8 Railway Prvatization and Rehabiitation 10.5 31.7 _ 42.2 Runway Rehabilitation at Lima Airport 8.6t 21.6 _30.2 Pilet Project for Non-Motorized Trspt in Lima 1.0 3.1 4.1 Tecbnical Assistae and Training 2.1S 5.0 = 7.1 Project Management 5.0 0.1 5.1 GRAND TOTAL 54.0 15.0 38.0 242.0 t ncludg US$5 milbe co.tibutiof OPEC Fud for Itnaonl Dvwopmean * Vau.ed J _apan.. techia asia .gat (US$1.1 Malo.  -9- Pace I of 2 PERu TRANSPORT REHAUTATION PROJECT PROCUREMENT ARRANGENOTS (135$ mnliion) project Ilmat ICa LCB Other N.B.F. Totli Road and Aiport Wos 66.1 19.0 1.7* 40.1t 126.9 (52.) (15.2) (1.4) (0.0) (69.2) Airpot Woks 26.7 26.7 (18.7) (18.) Railwq R _hsblltatia 1.6 1.6 (1.3) (1.3) ConUcion of Bioowapys and AssWocaedW 2.6 0.3* 2.9 (1.8) (02) (2.0) fholand MkWatah Aoquisito of non-Rallwq Equimnt & Meia 3.6 0.7 0.3* 4.8 (2-7) (0.5) (0.4) (3.6) Aqusio of Railway Equipmt Matoials 31.8 6.8 2.0* 404 t23.8) (5.1) (1.3) (30.4) iyoles under Subloans 0.6# 0.6 (0.6) (0.6) C _ouing SUMces and Taing 29.71 3.1t 32.8 (24.1) (0.0) (24.1) Pec _ Mangent 0.1* 5.0t 5.1 . _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ (0.1) ( .0) ( .1) T(rAL 128.2 30.7 34.9 48.2 242.0 (97.8) (23.9) (28.3) (0.0) (150.0) Fiur lApaateo are the raeeive aounba fmet b1 the Bank loa. NJ.!'.: Not Bsa-Pimnaed. 11 eSvioeto bepowiureda a daewWd Bonk Guiail Use ofComutebyWatab dRWdDo B aBweand by tweWi Bank Executing A Wcy(sngto. DC, Augt1981). About $1.1 m llion to bo fided uml er lap_ t al t PAad by Gainu and looa a B cipat floe. * PemldlofPjeoordandanUalL I Biwy*le puras by usr uder crdi schme  -10- Schedule B Page 2 of 2 PERU TRANSPORT REHABIUTATION PROJECT D}SURSEMENTS BY CATEGORY (US$ millon) Cateo AmowaO DOabusewet Rate Chvil Wob for Road s Airpot Rehabi 63.0 80% af expedur Civil Wo for Arpot Rehabtaon 17.0 70% of ependitur Civil Wo*s for Ralway Rehabiit _ _ n 1.1 80% of ependitur Cmaoo of Bicycleways, and Aswoiawed WoIks 1.7 70% of epeditue Acquistn of Non-Railway Equipment and Meals 3.1 100% of forin expenditu (net of ta) 75% of local expedtr Acquisto of Railwy Eqimnt and M jae 29.0 100% Of forn ',, ex_pendtUe (net Of tU) ! ________________________________ _______ 75% of loc expen itures Bicyles uader Subbons 0.6 100% of exediure Conting SeieS and Trnng 21.0 100% of epnditu net of tax pp| 1.5 UnaUlocated 12.0 T,rA == 50.0 L|1 ESTDATED DISBURSEMENTS (US$ milion) 1994 1995 1996 1997 1998 1999 Annual 15.0 30.0 48.0 36.0 18.0 3.0 Cumulative 15.0 45.0 93.0 129.0 147.0 150.0 Cuu_ v . ._j  -11- PERU TRANPOiT REABILITATION PROJECT Timetable for Key Pject Proeing Events (a) Fime taken to prepare: 24 months (b) Preae by: MTCC, ENAFER, and MLM with Bank assistance (c) Appraisal mission departure: June 1993 (d) Negotato: December 1993 (e) PlanWed date of effectiveness: May 1994 (.) List of relevant PCRs: Eighth Highway Project (Loan 2091-PE) - Project Compledon Report Aviation Development Project (Loan 1963-PE) - Project Completion Report  -12- SCHED= D TsSATUS OF BANK GROTJP QEUNSU IN PERU A. STATEMENTQE LOSS (As of Decmber 31, 1993) Amount less LM~~ H lad UK am sdo (US$ mi1lion) Sixy fur loans fAlly disbursed 1,801.7 of which Prorm Loana 1693 1979 Perw Pro.uram Loaw 3489 1992 Peru Finac Sector Adjustment 400.0 100.0 3540 1993 Peru Privatiuztion T. A. 30.0 30.0 *3595 1993 Peru Prvatiution A4justmt 250.0 175.0 3610 193 Peam EV & Mining T.A. 11.8 11.8 3684 1993 Peru Social Devdopmen & Compeatn o U I0. TOTAL 2,593.5 of wbick ha been repaid Total now out,mding 676.7 Amount sold 18.3 of whick has been repaid Total now held by Bank Totl undisbursed1C * SECAL, SAL or Progm LAn I, Appoved duig PY79 NOrE: The stsbts of the proects listed in Part A is desribed in a seprate report n adl BankIDA fiuced proects in execution, whih is updated twic yeary and cislated to the Executive Diret an Apil 30 and October 31.  -13- SCHEDULE D B. STATEMENT OF IFC 2WVEXM IN PERU (As of Decmber 31, 1993) USS Million 120 Borrower . Meof SBwiness Ls E&D 1979/83186190/93 Buenxvmntm Metal Ore Miing 6.00 3.63 9.63 1986 CARISA Non-Fetrous Ore Mining 6.00 0.50 6.50 1962 Cemento Andino Cement Lime & Pl_ar 2.46 0.20 2.66 1982 Conenhua Electric Lit & Powet 4.50 - 4.50 1975 Peru Copper Non-Ferous Ore Ming 15.00 15.00 1960 Durisol Fabric Metal Products 0.30 - 0.30 1960/62 Fertlirntes Fertilirs & Pesices 4.09 - 4.09 1960 LUm Non-Motallic Minea PR 0.28 - 0.28 1985 Minue Regina Non-Ferrous Ore MiXng 6.08 0.24 6.32 1986 Orcopmpa Non-Feaous on Ming 9.00 - 9.00 1964/67 Pacaiayo Cement Lime & Plaster 1.60 0.50 2.10 1983 PalmeM Vegetable & Animal Oil 15.00 - 15.00 1986 Poderoa Non-Ferru Ore wining 3.30 - 3.30 1960 Reumidas Fabric Met Products 0.25 - 0.25 1980/85 SIMSA Non-Ferrous Ore Mining 6.70 0.50 7.20 1982192 SOGWESE Lsing Companis 13.00 1.57 14.57 1993 Qudlaveco Non-Ferrous Ore Min - 6.22 6.22 1994 Yan_cocha Non-Feaous Ore Minng 0 Q33 Total Gross Commitment 119.90 13.68 1334.58 Less CancellUadons, Teminatiows and Sales 9 10.13 Total Commitmet now held by IFC 20.55 10.90 31.45 Total Undisbursed 00 .64 L  ..PERU . IBRD 25105 P E R U TRANSPORT REHABILITATION PROJECT ToAncdn ToAnc6n PILOT PROJECT FOR NON-MOTORIZED TRANSPORT LIMA a ,III BICYCLEWAYS TO BE BUILT TARGET AREA OF INDUSTRIAL EMPLOYMENT MAIt ROADS | |-I- ENAFER RAILROAD INTERNATIONAL BOUNDARIES . /Comos 0 i 2 3 4 5 6 7 8 9 10 I , I . . . I I I I I KILOMETERS r '''CCOMBIA -o -0' ECUADOR i0 ' 1 -s*u'' R A Z I L PERU.ms V5 .' Los wlvos --