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1、ASIANDEVELOPMENTBANKOperationsEvaluationDepartmentPROJECTPERFORMANCEEVALUATIONREPORTINTHEPEOPLE’SREPUBLICOFCHINAInthiselectronicfile,thereportisfollowedbyManagement’sresponse.PerformanceEvaluationReportProjectNumber:PPE:PRC30082LoanNumber:1638-PRCNovember2006People’sRepublicofChina:Chen
2、gdu–NanchongExpresswayProjectOperationsEvaluationDepartmentCURRENCYEQUIVALENTSCurrencyUnit–yuan(CNY)AtAppraisalAtProjectCompletionAtOperationsEvaluation(July1998)(August2004)(November2006)CNY1.00=$0.1208$0.1208$0.1272$1.00=CNY8.2768CNY8.2768CNY7.8647ABBREVIATIONSADB–AsianDevelopmentBank
3、EIRR–economicinternalrateofreturnFIRR–financialinternalrateofreturnGDP–grossdomesticproductICB–internationalcompetitivebiddingLCB–localcompetitivebiddingMOC–MinistryofConstructionNTHS–nationaltrunkhighwaysystemO&M–operationandmaintenancePCR–projectcompletionreportPRC–People’sRepublicofC
4、hinaRRP–reportandrecommendationofthePresidentSCELLC–SichuanChengnanExpresswayLimitedLiabilityCompanySPCD–SichuanProvincialCommunicationsDepartmentSPSB/TA–SichuanProvinceSecurityBureau/TrafficAdministrationTA–technicalassistanceVOC–vehicleoperatingcostNOTEInthisreport,“$”referstoUSdollar
5、s.KeyWordsasiandevelopmentbank,developmenteffectiveness,expressways,people’srepublicofchina,performanceevaluation,sichuanprovince,transportDirector:R.B.Adhikari,OperationsEvaluationDivision2,OEDTeamLeader:M.Gatti,SeniorEvaluationSpecialist,OperationsEvaluationDivision2,OEDTeamMembers:V.
6、Buhat-Ramos,EvaluationOfficer,OperationsEvaluationDivision2,OED:A.Silverio,OperationsEvaluationAssistant,OperationsEvaluationDivision2,OED:I.Garganta,OperationsEvaluationAssistant,OperationsEvaluationDivision2,OEDOperationsEvaluationDepartment,PE-692CONTENTSBASICDATAiiiEXECUTIVESUMMARYv
7、MAPSixI.INTRODUCTION1A.EvaluationPurposeandProcess1B.ExpectedResults1II.DESIGNANDIMPLEMENTATION3A.Formulation3B.Rationale3C.Cost,Financing,andExecutingArrangements4D.Procurement,Construction,andScheduling5E.DesignChanges6F.Outputs7G.Consultants8H.LoanCovenants8I.PolicySetting8I
