Implementation Status & Results OECS Countries Telecommunications & ICT Development Project (P088448)

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1 Public Disclosure Authorized Public Disclosure Authorized losure Authorized Public Disclosure Authorized The World Bank Implementation Status & Results OECS Countries Telecommunications & ICT Development Project (P088448) Operation Name: Telecommunications & ICT Development Project (P088448) Project Stage: Implementation Seq.No: 15 Status: ARCHIVED Last Modified : 30-Jan-2011 Country: OECS Countries Approval FY: 2005 Product Line: IBRD/IDA Region: LATIN AMERICA AND CARIBBEAN Lending Instrument: Technical Assistance Loan Implementing Agency(ies): ECTEL Key s Board Approval 12-May-2005 Original Closing 31-Dec-2009 Planned Mid Term Review Last Archived ISR 30-Jun-2010 Effectiveness 30-Sep-2005 Revised Closing Actual Mid Term Review Project Development Objectives Project Development Objective (from Project Appraisal Document) Improve the access, quality and use of telecommunications and ICT services to achieve socio-economic development in the OECS. Has the Project Development Objective been changed since Board Approval of the Project? Yes Component(s) Component Name No Component Cost Support for Legal and Regulatory Reforms 0.84 Universal Access 1.27 ICT Pilot projects 1.03 Project Management 0.24 Overall Ratings Previous Rating Current Rating Progress towards achievement of PDO Satisfactory Satisfactory Overall Implementation Progress (IP) Moderately Satisfactory Moderately Satisfactory Overall Risk Rating Implementation Status Overview Overall progress on project implementation remains moderately satisfactory. The Project Development Objectives are being successfully met by ECTEL as policy and regulatory reforms in the sector continue to progress well, and the ICT pilot projects component is almost complete. However, the universal service component is experiencing delays, but is expected to be completed by end Page 1 of 7

2 Results Project Development Objective Indicators Basket of (equally weighed) prices measured in component one drop 40 percent Rates for basket of services dropped 47.76% as per the Price Cap Plan Number of community centers with broadband access. 2.88% 13.5% Difficult to project the exact percentage drop X+100 (per PAD) Intermediate Results Indicators Monthly rates (in US$) for Domestic leased lines. 1,667 (EI) 1,556 (TI) 741 (EI) 525 (TI) ECTEL is conducting a filed study to estimate this target more accurately as a %. 741 (EI) 525 (TI) Page 2 of 7

3 Monthly rates (US$) for International Leased lines to US (per Mbps) to UK (per Mbps). 15,576 30,780 3,418 4,100 3,418 4,100 Mobile retail tariffs (MTF Rate) International rates (to US) # rate per minute Universal Service Regulations and Guidelines. None Regulations and guidelines passed. Regulations and guidelines remain unchanged Page 3 of 7

4 Increase in leverage of USF subsidies as ratio of private investments vs. subsidies. None Bidding will commence in TBD Telecom Sector contribution to GDP. 10% 11.8% Based on the bidding outcome the leverage of USF subsidies as a ratio of private investments vs. subsidies will be known. 10% Investment in telecom sector. US$61 million US$55 million US$50 million Direct employment in telecom sector. 1,200 1,430 1,300 Page 4 of 7

5 Cumulative number of Individual Licenses Issued Number of Public Access Points. None Field study proposed Field study proposed Internet penetration levels. 7.6% 15% 15% Monthly rates for 256Kbps broadband access. Data on Financial Performance (as of 02-Nov-2010) Financial Agreement(s) Key s 52 (256Kbps) 29 (1 Mbps) 20 (1Mbps) Project Loan No. Status Approval Signing Effectiveness Closing P IBRD Effective 12-May Jul Sep-2005 P IBRD Effective 12-May Jul Sep-2005 Page 5 of 7

6 Project Loan No. Status Approval Signing Effectiveness Closing P IBRD Effective 12-May Jul Sep-2005 P IBRD Effective 12-May Jul Sep-2005 P IDA Effective 12-May Jul Sep-2005 P IDA Effective 12-May Jul Sep-2005 P IDA Effective 12-May Jul Sep-2005 P IDA Effective 12-May Jul Sep-2005 Disbursements (in Millions) Project Loan No. Status Currency Original Revised Cancelled Disbursed Undisbursed % Disbursed P IBRD Effective USD P IBRD Effective USD P IBRD Effective USD P IBRD Effective USD P IDA Effective USD P IDA Effective USD P IDA Effective USD P IDA Effective USD Disbursement Graph Page 6 of 7

7 Key Decisions Regarding Implementation Project closing date was extended until December 31, 2011 to allow for conclusion of the universal service projects. Restructuring History Level two Approved on, Level two Approved on 20-Oct-2010 Related Projects There are no related projects. Page 7 of 7