Upper Volta - Road Project : Credit 0316 - Agreement Amending Development Credit Agreement - Conformed

CONFORMED COPY CREDIT NUMBER 316 UV (AMENDMENT) Agreement Amending Development Credit Agreement (Road Project) DATED JUNE 26, 1972 BETWEEN REPUBLIC OF UPPER VOLTA AND INTERNATIONAL DEVELOPMENT ASSOCIATION DATED MARCH 25, 1974 CONFORMED COPY CREDIT NUMBER 316 UV (AMENDMENT) Agreement Amending Development Credit Agreement (Road Project) DATED JUNE 26, 1972 BETWEEN REPUBLIC OF UPPER VOLTA AND INTERNATIONAL DEVELOPMENT ASSOCIATION DATED MARCH 25, 1974 AGREEMENT AMENDING DEVELOPMENT CREDIT AGREEMENT (Road Project) between REPUBLIC OF UPPER VOLTA and INTERNATIONAL DEVELOPMENT ASSOCIATION. AGREEMENT, dated March 25, 1974, between REPUBLIC OF UPPER VOLTA (hereinafter called the Borrower) and INTERNATIONAL DEVELOPMENT ASSOCIATION (hereinafter called the Association). WHEREAS the Borrower and the Association have executed and delivered a development credit agreement (Road Project) dated June 26, 1972 (hereinafter called the Development Credit Agreement) for the purpose of assisting in the financing of a road construction project of the Borrower (hereinafter called the Project); and WHEREAS the Borrower has requested the Association to provide additional financing for the Project and, for that purpose, to amend the Development Credit Agreement, and the Association is willing to agree to such request upon the terms and conditions hereinafter set forth; NOW THEREFORE the parties hereto hereby agree as follows: Section 1. Wherever used in this Agreement, unless the context otherwise requires, the several terms defined in the Development Credit Agreement shall have the respective meanings therein set forth. Section 2. Section 2.01 of the Development Credit Agreement is amended to read as follows: "Section 2.01. The Association agrees to lend to the Borrower, on the terms and conditions in this Development Credit Agreement set forth or referred to, an amount in various currencies equivalent to four million one hundred fifty thousand dollars ($4,150,000)." Section 3. Section 2.03 of the Development Credit Agreement is amended to read as follows: "Section 2.03. Except as the Association shall otherwise agree, the goods and services (other than services of consultants) required for the Project and to be financed out of the proceeds of the Credit, shall be procured on the basis of international competition under procedures consistent with the Guidelines for Procurement under World Bank Loans and IDA Credits, published by the Bank in April 1972, as amended in October 1972, and 4 in accordance with, and subject to, the provisions set forth in Schedule 4 to this Agreement." Section 4. Schedule 1 to the Development Credit Agreement is amended by substituting the table set forth in paragraph 1 thereof by the table set forth in Schedule 1 to this Agreement. Section 5. (a) All the provisions of the Development Credit Agreement, as amended by this Agreement, shall remain in full force and effect. (b) If this Agreement shall terminate pursuant to the provisions of Section 7 hereof, the Development Credit Agreement shall continue in full force and effect, as if this Agreement had not been executed. Section 6. (a) This Agreement shall not become effective until the Association shall have received such evidence in respect of this Agreement as is required pursuant to Sections 10.01(a) and 10.02(a) of the General Conditions. (b) This Agreement shall come into force and effect on the date on which the Association dispatches to the Borrower notice of its acceptance of the evidence referred to in paragraph (a) of this Section. Section 7. If this Agreement shall not have come into force and effect by June 25, 1974, this Agreement and all obligations of the parties thereunder shall terminate, unless the Association, after consideration of the reasons for the delay, establishes a later date for the purposes of this Section. IN WITNESS WHEREOF, the parties hereto, acting through their representatives thereunto duly authorized, have caused this Agreement to be signed in their respective names and to be delivered in the District of Columbia, United States of America, as of the day and year first above written. REPUBLIC OF UPPER VOLTA By /s/ T. Yaguibou Authorized Representative INTERNATIONAL DEVELOPMENT ASSOCIATION By /s / R. Chaufournier Regional Vice President Western Africa 5 SCHEDULE I Table substituted for the table set forth in paragraph 1 of Schedule I to the Development Credit Agreement. Amount of the Credit Allocated % of (Expressed in Expenditures Category Dollar Equivalent) to be Financed I. Civil works: (a) Part A of 1,995,000 75% of total the Proj- expenditures ect (b) Part B of 755,000 75% of total the Proj- expenditures ect I. Consultants' services: (a) Supervision 150,000 100% of total of civil expenditures works (b) Part C of 640,000 100% of total the Proj- expenditures ect Ill. Unallocated 610,000 TOTAL 4,150,000