Conformed Copy - C2136 - Transport Sector Project - Amendment

Page 1 May 1, 1996 His Excellency Mr. Marc Rugenera Minister of Finance Ministry of Finance P.O. Box 158 Kigali Rwandese Republic Re: Credit No. 2136 RW (Transport Sector Project) Amendment to Development Credit Agreement Dear Sir: We refer to the Development Credit Agreement, (the Agreement), dated August 31, 1990, between Rwandese Republic (the Borrower) and International Development Association (the Association) for the above-mentioned Project, as amended. I am pleased to inform you that the Association hereby proposes the following amendments: A. Category (1) (a) of the table in paragraph 1 of schedule 1 to the Agreement shall be amended to read as follows: "Amount of Amount of the the Credit Swiss contribution Allocated Allocated (Expressed in (Expressed in % of SDR Swiss Francs Expenditures Category Equivalent) Equivalent) to be Financed (1) Civil Works: (a) Under Part A of the Project to be financed by: (i) the Association 9,160,000 100% until December 31, 1996, and 60% thereafter (ii) Switzerland 15,000,000 0% until December 31, 1996, and 40% thereafter" B. The following new sub-paragraph (d) is added in paragraph 2 of Schedule 1 to the Agreement: "(d) Notwithstanding the percentage of expenditures applicable for the period prior to December 31, 1996, as specified in Category (1) (a) above, in case the Borrower establishes, prior to this date, to the satisfaction of the Association, that adequate funds for cost-sharing under Category (1) (a) are available to the Borrower from Switzerland and/or any other sources, on terms and conditions consistent with the obligations of the Borrower under this Agreement, the cost-sharing ratio of 60% for the Association and 40% for Switzerland shall, upon notification by the Association, immediately become applicable". All other provisions of the Agreement shall remain in full force and effect. This amendment shall become effective on the date of countersignature by you or your authorized representative. If you agree to the proposed amendment, kindly sign, date and return the enclosed copy of this letter to us. Sincerely yours, Page 2 Andrew Rogerson Director Central Africa and Indian Ocean Department Africa Region RWANDESE REPUBLIC By: Marc Rugenera Authorized Representative Date: March 29, 1996