Bamako Urban Resilience project

active

This operation covers both the CERC restructuring and the AF to replenish the components that finance the CERC activities. The project is restructured through the reallocation of fund to the CERC component from undisbursed proceeds of the project to address the flood response needs. Through this AF, financing will be provided back to most of the components that are financing the flood emergency response interventions under the CERC. The proposed US$50 million AF will allow PRUBA to partially replenish the CERC-related funds and to keep most of all initially designed activities. The proposed changes cover: (i) a change to the PDO to reflect the CERC activation; (ii) changes in component costs; (iii) update of the Results Framework to introduce new indicators and targets related to the CERC activation; and (iv) reallocation of funds between disbursement categories in the original IDA grant. The closing date of the Project will remain unchanged. The Project will maintain the existing six components and all original subcomponents. The Project Restructuring will formalize the reallocation of US$73 million from Component 1 (US$40 million), 3 (US$20m) and 4 (US$13m) – all under disbursement category 1 - to Component 6 (Contingency Emergency Response Component, category 6). The AF will fully replenish Component 3 (with US$20m) and partially replenish Component 1 (with US$29m) and add US$1m to finance additional management costs including recruitments to support the PRUBA PMU under Component 5 - Project management and monitoring.