Monday, December 14, 2009

Chile - Santiago Urban Transport Technical Assistance Project : restructuring

World Bank
September 2009

This project paper introduces changes in the Chile, Santiago Urban Transport Technical Assistance Project and makes corresponding amendments to the project's legal documents. The changes are needed in order to better align Bank assistance with the operational and financial challenges of the new public transport system in Santiago. The expected outcomes from the restructured project will mainly consist of improvements in the quality and/or efficiency of public transport in Santiago as well as to Transantiago's financial/fare management system. The project development objective as stated in the loan agreement, namely to 'support the Borrower in achieving an efficient and sustainable urban transport system for Metropolitan Santiago', will be on track to be achieved.

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