Conformed Copy - L4235 - Participatory Privatization of Irrigation Management and Investment Project - Supplemental Letter 1

Page 1 REPUBLIC OF TURKEY October 28, 1997 International Bank for Reconstruction and Development 1818 H Street, N.W. Washington, D.C. 20433 United States of America Re: Loan No. 4235 TU (Participating Privatization of Irrigation Management and Investment Project) Performance Monitoring Indicators Dear Sirs and Mesdames: This refers to the provisions of paragraph A.5 of Schedule 5 to the Loan Agreement of even date herewith between the Republic of Turkey (the Borrower) and the International Bank for Reconstruction and Development (the Bank) for the above referenced Project. The Borrower hereby confirms to the Bank that the indicators set forth in the attachment to this letter shall serve as a basis for the Borrower to monitor and evaluate the progress of the Project and the achievement of the objectives thereof. Very truly yours, REPUBLIC OF TURKEY By /s/ A. Karaoz Authorized Representative