599403 - Macedonia Corridor 8 Road Concession

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Summary of Advisory Services Project Information

Project Number

599403

Primary Business Area

Cross-Industry Advisory Services

Disclosure Date

Mar 26, 2013

Country

North Macedonia

Region

Europe

IFC Approval Date

Dec 26, 2012

Status

Completed

Estimated Total Budget

Pending
(Project budget includes all project-funded activities)

Last Updated Date

Feb 26, 2017

Project Estimated End Date

Jul 1, 2015

Project Description

IFC will provide transaction advisory support to the Government of the Republic of Macedonia through the Ministry of Transport to assist with the implementation under a Public-Private Partnership scheme of a road project which will include construction, operation and maintenance by a competitively selected private sector developer of a section of motorway between Skopje and Ohrid in the Republic of Macedonia. The project is a critical enabler for the Government's and Ministry of Transport's objective of improving the road network in the country. IFC will conduct its mandate in two phases. In phase one, IFC will carry out technical, commercial, legal and regulatory due diligence for the project, and will present the proposed transaction structure to the Government of the Republic of Macedonia through the Ministry of Transport. As part of phase two, IFC will assist the Government and the Ministry of Transport, upon approval of the proposed transaction structure, with implementing an open and transparent competitive bid to select a private developer for the project.

Development Results

The objective of this project is to assist the Government of the Republic of Macedonia with structuring and implementing a successful tender process for the selection of a private concessionaire who will upgrade, operate and maintain the motorway between Skopje and Kicevo in Macedonia. Successful implementation of the project will improve access to road infrastructure for Macedonian and foreign drivers and will facilitate trade and tourism in the region. Number of bids conducted: Not Available Number of agreements signed: Not Available

Indicator	Calendar Year 2020 Results	Cumulative Results as of 2020
Number of agreements (concession, etc.) signed	Not Available	0
Number of bids conducted	Not Available	0

E&S Risks / Impacts and Mitigation

Performance Standard	Description and Potential Impact	Mitigation
PS 2. Labor and Working Conditions	As part of its Due Diligence and as mandated by IFC's Sustainability Policy, the IFC team has screened this project to assess consistency with IFC's Performance Standards.	IFC's advice will be provided in a manner consistent with the principles of the relevant Performance Standards. The IFC team will assist the client, as the final decision maker, in gaining a good understanding of IFC's Performance Standards. An update on the mitigation measures will be provided when the project has been awarded and the relevant contracts have been signed.
PS 4. Community Health, Safety and Security	As part of its Due Diligence and as mandated by IFC's Sustainability Policy, the IFC team has screened this project to assess consistency with IFC's Performance Standards.	IFC's advice will be provided in a manner consistent with the principles of the relevant Performance Standards. The IFC team will assist the client, as the final decision maker, in gaining a good understanding of IFC's Performance Standards. An update on the mitigation measures will be provided when the project has been awarded and the relevant contracts have been signed.
PS 3. Resource Efficiency and Pollution Prevention	As part of its Due Diligence and as mandated by IFC's Sustainability Policy, the IFC team has screened this project to assess consistency with IFC's Performance Standards.	IFC's advice will be provided in a manner consistent with the principles of the relevant Performance Standards. The IFC team will assist the client, as the final decision maker, in gaining a good understanding of IFC's Performance Standards. An update on the mitigation measures will be provided when the project has been awarded and the relevant contracts have been signed.
PS 6. Biodiversity Conservation and Sustainable Management of Living Natural Resources	As part of its Due Diligence and as mandated by IFC's Sustainability Policy, the IFC team has screened this project to assess consistency with IFC's Performance Standards.	IFC's advice will be provided in a manner consistent with the principles of the relevant Performance Standards. The IFC team will assist the client, as the final decision maker, in gaining a good understanding of IFC's Performance Standards. An update on the mitigation measures will be provided when the project has been awarded and the relevant contracts have been signed.
PS 8. Cultural Heritage	As part of its Due Diligence and as mandated by IFC's Sustainability Policy, the IFC team has screened this project to assess consistency with IFC's Performance Standards.	IFC's advice will be provided in a manner consistent with the principles of the relevant Performance Standards. The IFC team will assist the client, as the final decision maker, in gaining a good understanding of IFC's Performance Standards. An update on the mitigation measures will be provided when the project has been awarded and the relevant contracts have been signed.
PS 1. Assessment and Management of Environmental and Social Risks and Impacts	As part of its Due Diligence and as mandated by IFC's Sustainability Policy, the IFC team has screened this project to assess consistency with IFC's Performance Standards.	IFC's advice will be provided in a manner consistent with the principles of the relevant Performance Standards. The IFC team will assist the client, as the final decision maker, in gaining a good understanding of IFC's Performance Standards. An update on the mitigation measures will be provided when the project has been awarded and the relevant contracts have been signed.
PS 5. Land Acquisition and Involuntary Resettlement	As part of its Due Diligence and as mandated by IFC's Sustainability Policy, the IFC team has screened this project to assess consistency with IFC's Performance Standards.	IFC's advice will be provided in a manner consistent with the principles of the relevant Performance Standards. The IFC team will assist the client, as the final decision maker, in gaining a good understanding of IFC's Performance Standards. An update on the mitigation measures will be provided when the project has been awarded and the relevant contracts have been signed.

This Summary of Advisory Services Project Information (ASPI) is prepared by IFC to disclose a factual summary of the main elements of this advisory services project. It may also include findings and recommendations related to environmental and social considerations regarding this project. The purpose of the ASPI is to enhance the transparency of IFC's activities. For any project documentation or data included or attached herein, whether prepared by the project sponsor or otherwise, authorization has been given for public release by the client. IFC considers that this ASPI is of adequate quality for release to the public, but has not necessarily independently verified all of the project information therein.
It is distributed within sixty days of project's approval and may be updated periodically afterwards. Total budget and start dates are estimates only. The following ASPI is disclosed in accordance with IFC's Access to Information Policy (AIP) that went into effect on January 1, 2012.

The map is for illustrative purposes and does not imply the expression of any opinion on the part of the World Bank, concerning the legal status of any country or territory or concerning the delimitation of frontiers or boundaries. Country borders or names do not necessarily reflect the World Bank Group's official position. In some cases, available project location information is limited to the country of the project's activities. Locations are approximate.

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