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Hebei Roads Development Project in the People's Republic of China

Hebei Roads Development Project in the People's Republic of China

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04/26/2012

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ASIAN DEVELOPMENT BANKOperations Evaluation Department
 
PROJECT PERFORMANCE EVALUATION REPORTIN THE PEOPLE’S REPUBLIC OF CHINA
 
In this electronic file, the report is followed by Management’s response.
 
 
Performance Evaluation Report
Operations Evaluation Department
Project Number: PPE: PRC 30382Loan Number: 1617-PRCNovember 2006
People’s Republic of China: Hebei RoadsDevelopment Project
 
 
CURRENCY EQUIVALENTS
 Currency Unit – yuan (CNY)
Appraisal
July 1997
Project Completion
 August 2005
OperationsEvaluation
October 2006
 
CNY = $0.12 $0.12 $0.13$1.00 = CNY8.28 CNY8.27 CNY7.90
ABBREVIATIONS
  AADT annual average daily traffic ADB Asian Development BankBME benefit monitoring and evaluationCNAO China National Audit OfficeEA executing agencyEIA – environmental impact assessmentEIRR economic internal rate of returnFIRR financial internal rate of returnGDP gross domestic productHDM-4 Highway Design and Maintenance Model Version 4HPCD Hebei Provincial Communications DepartmentHPG Hebei provincial governmentICB – international competitive biddingIFILPO International Financial Institutions Loan Project OfficeIRI – international roughness indexITS – intelligent transport systemJHEMO Hebei Jing-Hu Expressway Management OfficeLCB local competitive biddingMOC Ministry of CommunicationsNTHS National Trunk Highway SystemOED Operations Evaluation DepartmentOEM Operations Evaluation MissionO&M operation and maintenancePCR project completion reportPPER project performance evaluation reportPRA participatory rural appraisalPRC People’s Republic of ChinaSARS severe acute respiratory syndromeTA technical assistanceVOC vehicle operating costvpdWACC – –vehicles per dayweighted average cost of capital

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