Conformed Copy - L3907 - Second Madras Water Supply Project - Agreement Amending Project Agreement

Page 1 CONFORMED COPY LOAN NUMBER 3907 IN (Amendment) Agreement Amending Project Agreement (Second Madras Water Supply Project) among INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT and MADRAS METROPOLITAN WATER SUPPLY AND SEWERAGE BOARD and TAMIL NADU WATER SUPPLY AND DRAINAGE BOARD Dated June 12, 1997 LOAN NUMBER 3907 IN (Amendment) AGREEMENT AMENDING PROJECT AGREEMENT AGREEMENT, dated June 12, 1997, among INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT (hereinafter called the Bank) and MADRAS METROPOLITAN WATER SUPPLY AND SEWERAGE BOARD (Metro Water) and TAMIL NADU WATER SUPPLY AND DRAINAGE BOARD (TWAD). WHEREAS (A) by the Loan Agreement dated November 20, 1995, as amended to date, (hereinafter called the Loan Agreement) between the Borrower and the Bank, the Bank has agreed to make available to the Borrower an amount in various currencies equivalent to two hundred seventy-five million eight hundred thousand dollars ($275,800,000) and to carry out the Project described in Schedule 2 to the Loan Agreement; (B) by a Project Agreement dated November 20, 1995, between the Bank and Tamil Nadu (hereinafter called the Tamil Nadu Agreement), Tamil Nadu has agreed to undertake certain obligations in respect of the carrying out of the Project; (C) Tamil Nadu has advised the Bank that the name