Conformed Copy - C2950 - Andhra Pradesh Hazard Mitigation and Emergency Cyclone Recovery Project - Loan Agreement

Page 1 CONFORMED COPY LOAN NUMBER 4156 -IN Loan Agreement (Andhra Pradesh Hazard Mitigation and Emergency Cyclone Recovery Project) between INDIA and INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT Dated June 3 , 1997 LOAN NUMBER 4156 -IN LOAN AGREEMENT AGREEMENT, dated June 3, 1997, between INDIA, acting by its President (the Borrower) and INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT (the Bank). WHEREAS (A) the Borrower, having satisfied itself as to the feasibility and priority of the Project described in Schedule 2 to the Development Credit Agreement between the Borrower and the International Development Association (the Association) of even date herewith (the Development Credit Agreement), has requested the Bank to assist in the financing of the Project; (B) the Borrower has also requested the Association to provide additional financial assistance toward the financing of the Project and by the Development Credit Agreement the Association is agreeing to provide such assistance in an aggregate principal amount equivalent to seventy-two million one hundred thousand Special Drawing Rights (SDR72,100,000) (the Credit); (C) the Borrower and the Bank intend, to the extent practicable, that the proceeds of the Credit be disbursed on account of expenditures in respect of the Project before disbursements of the proceeds of the Loan provided for in this Agreement are made; and (D) the Project will be carried out by the State of Andhra Pradesh (Andhra Pradesh) with the Borrower