The development objective of the Water Supply and Sanitation in Low-Income Communities Project for Panama is to increase access to sustainable water supply and sanitation services in participating communities.
The level two restructuring includes:
(i) revising the scope of selected project activities to adapt them to the current activities' costs and to the synergies resulting from the approval of the project;
(i) revising the scope of selected project activities to adapt them to the current activities' costs and to the synergies resulting from the approval of the project;
(ii) revising the outcome indicators to better account for the revised Project scope and construction cost increases;
(iii) reallocating loan proceeds among disbursement categories; and
(iv) an 18-month extension of the original Project's closing date from May 30, 2012 to November 30, 2013 to allow for the completion of all ongoing activities.
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