i] At the early planning stage, the CSESMP was initially conceived as a component of the CSRP, butPublished by MAC on 2001-05-01
[i] At the early planning stage, the CSESMP was initially conceived as a component of the CSRP, but in November 1995, the project was split into an environmental and social component, the CSESMP, and an investment component, the CSRP. Progress on mitigation activities was linked to the CSRP through a series of covenants in Schedule 9 of the CSRP loan agreement. This meant that disbursements under the CSRP for any particular mine would be contingent on timely and effective implementation of the mine specific RAPs, EAPs, and IPDPs.
[ii] Due to unsatisfactory performance under the CSRP regarding coal sector reform and financial covenants, as well as unsatisfactory performance in the area of economic rehabilitation under the CSESMP, Management informed the Ministry of Coal and CIL on January 20 2000, that it was moving towards suspension. On July 25 2000 Management cancelled the undisbursed balance of the CSRP Loan. Coal India Ltd. however, decided to continue with mitigation programs started under the CSESMP. On April 20, 2001, it extended the CSESMP closing date for one year June 30, 2002. At the time the extension was granted, about US$24 million was undisbursed. The CSESMP project eventually closed in June 30 2002, with approximately 79% fund utilization.