The World Bank Report No: ISR14685 Implementation Status & Results Egypt, Arab Republic of Egypt Vehicle Scrapping and Recycling Program (P119483) Public Disclosure Copy Operation Name: Egypt Vehicle Scrapping and Recycling Program (P119483) Project Stage: Implementation Seq.No: 1 Status: ARCHIVED Archive Date: 04-Oct-2014 Country: Egypt, Arab Republic of Approval FY: 2010 Product Line: Carbon Offset Region: MIDDLE EAST AND NORTH AFRICA Lending Instrument: Implementing Agency(ies): Key Dates Board Approval Date 20-Jun-2010 Original Closing Date 31-Dec-2014 Planned Mid Term Review Date Last Archived ISR Date Effectiveness Date 12-Jul-2010 Revised Closing Date 31-Dec-2014 Actual Mid Term Review Date Project Development Objectives Project Development Objective (from Project Appraisal Document) The overall objective of the Carbon Finance program is to reduce greenhouse gas (GHG) emissions and air pollution associated with the aging fleet of taxi, microbuses, minibuses and buses in Egypt through purchase of Emission Reductions. Has the Project Development Objective been changed since Board Approval of the Project? Yes No Component(s) Component Name Component Cost Taxi Scrapping and Recycling 0.00 Overall Ratings Previous Rating Current Rating Progress towards achievement of PDO Moderately Satisfactory Overall Implementation Progress (IP) Moderately Unsatisfactory Public Disclosure Copy Overall Risk Rating Implementation Status Overview The taxi replacement program has so far succeeded in replacing some 41,600 aging taxis in the Greater Cairo Region with associated reductions of Greenhouse Gas emissions and other airborne pollutants. This has resulted in thee CPAs being included into the overallCDM Program of Activities. Taxis in the Greater Cairo Region (GCR) were voluntarily surrendered to MoF for monitored scrapping and recycling in exchange for financial incentives that were used towards the purchase of a new taxi from a participating vehicle dealer that runs on gasoline or compressed natural gas (CNG). The scrapping site is operating satisfactorily. The project is in the process of being extended to end of 2016. Page 1 of 3 The World Bank Report No: ISR14685 Locations Country First Administrative Division Location Planned Actual Egypt Not Entered Muhafazat al Qalyubiyah Public Disclosure Copy Egypt Not Entered Muhafazat al Qahirah Egypt Not Entered Muhafazat al Jizah Egypt Not Entered El-Sheikh Zayed City Results Project Development Objective Indicators Indicator Name Core Unit of Measure Baseline Current End Target ER delivery (tCO2e) Number Value 0.00 0.00 464548.00 Date 20-Jun-2010 31-Jul-2014 31-Dec-2014 Comments Intermediate Results Indicators Indicator Name Core Unit of Measure Baseline Current End Target Number of taxis replaced Number Value 0.00 41600.00 49000.00 Date 20-Jun-2010 31-Jul-2014 31-Dec-2014 Comments Data on Financial Performance (as of 03-Apr-2014) Financial Agreement(s) Key Dates Project Ln/Cr/Tf Status Approval Date Signing Date Effectiveness Date Original Closing Date Revised Closing Date P119483 TF-15263 Effective 20-Jun-2010 20-Jun-2010 12-Jul-2010 31-Dec-2014 31-Dec-2014 Public Disclosure Copy P119483 TF-96553 Effective 20-Jun-2010 20-Jun-2010 12-Jul-2010 31-Dec-2013 31-Dec-2014 P119483 TF-96554 Effective 20-Jun-2010 20-Jun-2010 12-Jul-2010 31-Dec-2014 31-Dec-2014 Disbursements (in Millions) Project Ln/Cr/Tf Status Currency Original Revised Cancelled Disbursed Undisbursed % Disbursed P119483 TF-15263 Effective USD 2.76 2.76 0.00 0.64 2.07 23.00 P119483 TF-96553 Effective USD 2.58 2.58 0.00 0.65 2.08 25.00 P119483 TF-96554 Effective USD 2.76 0.00 2.76 0.00 0.00 25.00 Page 2 of 3 The World Bank Report No: ISR14685 Disbursement Graph Public Disclosure Copy Key Decisions Regarding Implementation The project was registered with the UNFCCC May 11, 2011. Restructuring History There has been no restructuring to date. Related Projects There are no related projects. Public Disclosure Copy Page 3 of 3