Credit Agreement C3991-MZ Conformed

Page 1 CONFORMED COPY CREDIT NUMBER 3991 MOZ Development Credit Agreement (Beira Railway Project) between REPUBLIC OF MOZAMBIQUE and INTERNATIONAL DEVELOPMENT ASSOCIATION Dated December 16, 2004 Page 2 CREDIT NUMBER 3991 MOZ DEVELOPMENT CREDIT AGREEMENT AGREEMENT, dated December 16, 2004, between REPUBLIC OF MOZAMBIQUE (the Borrower) and INTERNATIONAL DEVELOPMENT ASSOCIATION (the Association). WHEREAS (A) the Borrower, having satisfied itself as to the feasibility and priority of the project described in Schedule 2 to this Agreement (the Project), has requested the Association to assist in the financing of the Project; (B) Parts A and B of the Project will be carried out by Companhia dos Caminhos de Ferro da Beira, S.A.R.L. (CCFB) and Part C of the Project will be carried out by Portos e Caminhos de Ferro de Mo