Friday, May 1, 2009

Peru - Global Environment Facility (GEF) Lima Transport Project

World Bank
March 2009

This project paper introduces the following changes in the Peru Lima Transport Project and any accompanying amendments to the project's legal documents. The changes consist of: (a) the replacement of the Global Environment Facility (GEF) financing of bus scrapping and social mitigation related activities with: (i) a study to integrate and rationalize the public transport system in Metropolitan Lima; and (ii) the allocation of a small amount of the respective funds to project management and for contingencies; (b) the refinement of a few indicators to adapt them to the component changes and to provide a better definition of project outputs; (c) the deletion of the disbursement categories and conditions relating to the scrapping/social mitigation activities and the inclusion of a new disbursement condition relating to the approval by the Bank of a revised environmental management plan; (d) the reallocation of funds between disbursement categories; and (e) a one-year grant closing date extension.

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