| Project Detail |
The objective of the Additional Financing for the Pacific Aviation Safety Office Reform Project is to strengthen the coordination capacity of the Pacific Aviation Safety Office to deliver regional aviation safety and security oversight, and technical and advisory services to the Pacific Island Countries. The original project design was completed in 2013 within a six-month preparation horizon. Upon recognition that PASO’s short-term cash flow forecast and forthcoming liabilities projecting an impending insolvency, Member States requested IDA-support to an agreed reform agenda. Appraisal estimates for the recommended activity interventions defined in the 2013 Business Plan were not sufficiently robust. There was also a fiduciary risk associated with the PASO’s ongoing fiscal performance issues. For this reason, the original project size was limited to approximately US$2.15 million equivalent. During implementation, it became clear that funding resources were not sufficient to meet the project’s investment expectations related to capacity development for the inspectorate pool, as well as the envisaged IT business transformation. The AFII will allow PASO to progress towards the successful completion of the reform activities, thereby ensuring the continued effective and efficient delivery of safety and security oversight functions to its Pacific State members. |
