Ho Chi Minh City Urban Mass Rapid Transit Line 2 Investment ...

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Appendix 3
F. Program Review
39.. Viet Nam and ADB will undertake regular annual reviews of each project to assess: (i)
implementation status, (ii) design and construction standards, (iii) performance of consultants
and contractors, (iv) project impacts, and (v) status of compliance with the covenants stipulated
in the loan agreement. Viet Nam and ADB will jointly undertake an in-depth midterm review of
each individual tranche to assess (i) implementation status, (ii) design and construction
standards, (iii) performance of consultants and contractors, (iv) project impacts, (v) status of
compliance with the covenants stipulated in the loan agreement, and (vi) the need for any
changes in the project scope or schedule to achieve the project impact. The review will allow for
any necessary midcourse corrections to ensure successful implementation and the achievement
of objectives of the project. Viet Nam and ADB will conduct a similar midterm review of the
Investment Program at the fifth year of the Investment Program to assess (i) implementation
status, (ii) performance of consultants and contractors, (iii) program impacts, and (iv) status of
compliance with the covenants stipulated in the Facility Agreement.