MID-TERM REVIEW
Mid-term reviews are conducted in order to verify various aspects of theprojects under implementation: such as whether the relevance of the project remains valid, and whether the expected effects will be generated once
it is completed.

Overview of Mid-term Review
Mid-term reviews of JBIC projects are conducted five
years after the conclusion of a loan agreement. The reviews seek to verify whether the project plan continues
to be relevant, whether initially envisioned effectivenessmeasures will be achieved after project completion, andwhether factors that would influence effectiveness andimpact are favorable. Ten projects were targeted during
FY2005. JBIC works closely with the relevant excuting
agencies to help achieve project objectives by disseminating the lessons learned and recommendations derived
from the Mid-term review.

List of Results
CountryProject Name

Gansu Small-sized Hydropower
Project

Mid-term Review Results

This project aims to help stabilize the power supply in Gansu Province through theconstruction of two hydroelectric power plants in the Zhangye and Longnan districts.
Project relevance remains high. Provided that a sufficient water volume can be achieved,
this project, completed in September 2005, should achieve its target effectiveness (350
GWh electricity supply, with a peak load of 72 MW) in 2006. Because the projects’
target areas are impoverished districts within Gansu Province, they are also expected
to alleviate poverty by stabilizing the power supply. Ex-post evaluation of project
effectiveness and impact should rely on further analysis of the quantitative indicators.
Completed Hanpingzu Hydroelectric Power Plant

ChinaChangsha Water Supply ProjectThis project aims to improve water supply capacity in the Hedong district of Changsa
City in the Hunan Province through the construction of the Water Treatment Plant
No. 8. Project relevance remains high. With the completion of this project, the watersupply capacity of the treatment plant increased from 500,000 cubic meters per day
in December 2005 to 1.32 million cubic meters per day at the time of the mid-term
review. The district’s demand forecast is 1.25 million cubic meters per day in 2008. The
project appears effective as the 1.5 million people originally targeted as beneficiaries
are being served.
Completed Water Treatment Plant No.8

Second Mekong International
Bridge Construction ProjectThis project aims to link the east-west corridors running between Thailand and Laosthrough the construction of the Second Mekong Bridge at the Mekong River whichforms the national boundaries between the two countries. This project, completed in
December 2006 continues to be a high priority. Previously, the area along National
Highway 9 experience frequent bottlenecks since the only way to cross the river wasby ferry. The bridge now directly connects Thailand and Laos across the Mekong River.
According to a study conducted prior to the project’s inception, the daily projections
for traffic going in one direction in the year 2010 was 410 vehicles and 917 vehicles,depending on either a low or high rate of growth. However, a study conducted in
March 2004 indicates that by 2009 (two years after the project completion) daily traffic
volume in both directions will reach 859 vehicles. The effectiveness of this project,
therefore, appears unquestionable. To further enhance project effectiveness, it is hopedthat a system will be put into place to improve traffic flow by incorporating suchmeasures as commercial-use transit passes and simplification of customs procedures.
Completed Second MekongInternational Bridge

Thailand

Project for Revitalization of
the Deteriorated Environment
in the Land Reform Area
through Integrated AgriculturalDevelopment

This project aims to expand agriculture through the construction of farm ponds andthe provision of peripheral facilities in the degraded Land Reform Areas of Northern
Thailand. This project continues to be high priority. At the time of the mid-term review,the expected date of project completion is October 2007. The number of farm ponds
to be provided was greatly revised on account of procedural delays and problems
related to public land use. Farming village networks had been set up in 26 out of 33
villages, and community markets were set up in eight villages. Overall community
capacity-building is expected to be implemented through farming group activities andimprovements to farmers’ livelihoods to respond to the heightened need for organic
farming and the planned establishment of 18 community markets by January 2010.
No negative issues are seen with respect to project effectiveness.
Vegetable cultivation through microirrigation

15MID-TERM REVIEWCountryProject NameNational Highway No.1 Bypass
Road Construction ProjectVietnam
Kuu Long (Can-Tho) BridgeConstruction ProjectMid-term Review Results

These projects aim to construct a bridge and highway bypass across the Hau River inthe city of Can-Tho, which lies in the heart of the Mekong Delta, to meet the expected
rise in traffic demand that accompanies the nation’s economic growth. Without adoubt, the project remains important. At the time of the mid-term review, the expected
date of project completion is December 2008. While the ex-ante evaluation estimatedthat the daily traffic volume was 180,000 vehicles, it nearly doubled to 290,000
vehicles by the time of the mid-term review. The project’s completion should eliminate
up to 50 minutes of waiting time that vehicles experience when crossing by ferry. For
the past six years the target area has experienced an increase in the Gross Regional
Domestic Product and a rise in the number of registered vehicles. Therefore, project
effectiveness at the time of completion should be positive. Furthermore, the Cuu Long
Bridge is designed to handle future increases in traffic volume.
The ferry that people must use to crossthe river because there is no bridge.

Greater Kandy Water Supply
Project

This project aims to mitigate the severe gap between water supply and demand arisingfrom rapid population increase by constructing water supply facilities in Kandy City andthe northern region. The project is of continuing importance. The project, which wasunderway at the time of the mid-term review, is expected to be completed in January
2007. The project’s completion should increase daily water supply by 37,000 cubic
meters, reaching 1.47 million people. The project is expected to meet the needs of thetarget recipients by making water available 24 hours a day in the Kandy area.
Bridge crossing the Mahawheli River, which
carries water supply pipes under construction.

Sri Lanka

Small and Micro Industry
Enterepreneur Promotion Project(2)

This project aims to provide financial and technical training while supporting andexpanding the production base for recipient businesses by providing technical transfer
loans and low-interest loans to small and micro businesses. The project is of continuing
importance. This project was completed in March 2006. By providing a general loan
framework that offers the long-term working capital necessary for the installationof new production and manufacturing equipment, or for the expansion of existing
facilities for small and micro businesses, 20,000 jobs were created by the recipientbusinesses, representing a 46% increase in the original target of 14,000 jobs. The
project is therefore considered highly effective. While the loans are by themselves small,the consumption rate of technical transfer loans that provide the funding necessary
to conduct technical improvement training has been as low as 18%. It is hoped thatfurther promotion of the effective utilization of technical transfer loans and revolving
funds will take place.
Water-quality tester used by a drinkingwater manufacturer

Agadir Water Supply ProjectThis project aims to meet the rising demand for water in the water supply region
centered in the urban areas of Agadir by installing new water facilities. The projectremains a high priority. The water source for this project, the Moulay Abdallah Dam,was completed in March 2002. As of June 2006, the storage rate for the dam was afavorable 85%. The 2005 estimated figure for target beneficiaries was 644,000 people(representing an average annual growth rate of 4.2% between 2001 and 2005). The
actual figure of 589,000 represents an annual average growth rate of 9.1% between
2001 and 2005. The original target rate for water dissemination was set at 72% while
the actual figure exceeds 89%. This project is likely to be considered highly successful
given that the average water supply volume has largely met its target figures.
A water-intake facility underconstruction

Morocco

Rural Water Supply Project (2)This project aims to provide safe water supply through the provision of water supply
facilities in local villages throughout the three central Moroccan provinces of Azilal,Beni Mellal, and Khenifra. Project importance remains high. A drought in 2002 forced
a revision of the project targets from an original 196 villages (approximately 188,000people) to 200 villages (approximately 150,000). As of May 2006, the installationof water supply facilities and the formation of irrigation associations and awarenessprograms has taken place in 106 villages (approximately 76,000 people). 91 villages(85.9%) have formed water cooperatives, and water supply services have started in 41villages (39%). The project is expected to improve water supply service capacity andaccelerate the formation of water cooperatives in the future by increasing membershipin awareness program teams and strengthening the executing system. While the projectis expected to have positive effects, it will be necessarily to closely monitor it to ensurethat final target figures are achieved.
People using shared faucets which werecompleted in this project

External Evaluators
External Evaluator

ProfileHiroshi Oita (OPMAC)

Graduated from the Department of Economics (Faculty of Economics) at Osaka University. Has held current position since 2004. Highly experienced indevelopment projects related studies. Specializes in project supervision.

Yasuhisa Kuroda (OPMAC)

Graduated from the Department of Economics (Faculty of Economics) at Nagoya University. Has held current position since 1995. Highly experienced indevelopment projects related studies. Specializes in economic and financial analysis.

Keiji Miyazaki (OPMAC)

Completed a postgraduate course in Development Studies at the University of East Anglia and a research course at the Graduate School of Public
Administration at the International Christian University. Has held current position since 1996. Highly experienced in development projects related studies.
Specializes in evaluation of ODA (policy-based and project-based), economic and social analysis, and human resource development.
* Listed in Japanese syllabary order. Title Omitted.

MID-TERM REVIEW

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