Mali - Second Highway Project : Credit 0383 - Agreement Amending Development Credit Agreement - Conformed

CREDIT NUMBER 383 MLI (Amendment) Agreement Amending Development Credit Agreement (Second Highway Project) BETWEEN REPUBLIC OF MALI AND INTERNATIONAL DEVELOPMENT ASSOCIATION DATED JUNE 12, 1975 CREDIT NUMBER 383 MLI (Amendment) Agreement Amending Development Credit Agreement (Second Highway Project) BETWEEN REPUBLIC OF MALI AND INTERNATIONAL DEVELOPMENT ASSOCIATION DATED JUNE 12, 1975 AGREEMENT, dated June 12, 1975 between REPUBLIC OF MALI (hereinafter called the Borrower) and INTERNATIONAL DEVELOPMENT ASSOCIATION (hereinafter called the Association). WHEREAS (A) By a development credit agreement (Second Highway Project) dated May 23, 1973 between the Borrower and the Association (hereinafter called the 1973 Agreement), the Association made a development credit to the Borrower in an amount in various currencies equivalent to nine million five hundred thousand dollars ($9,500,000) on the terms and con- ditions set forth in the 1973 Agreement; (B) Supplemental financing is now necessary to cover part of the estimated increases in the cost of carrying out the Project described in Schedule 2 to the 1973 Agreement; and (C) The Association has agreed to amend the 1973 Agree- ment by adding the equivalent of eight million three hundred thousand dollars ($8,300,000) to the amount of the said credit, upon the terms and conditions hereinafter set forth; Now THEREFORE, it is hereby agreed as follows: ARTICLE I SECTION 1.01. Section 2.01 of the 1973 Agreement is hereby amended to read as follows: "The Association agrees to lend to the Borrower, on the terms and conditions in the Development Credit Agree- ment set forth or referred to, an amount in various cur- rencies equivalent to seventeen million eight hundred thou- sand dollars ($17,800,000)." 4 SECTION 1.02. The table set forth in paragraph 1 of Sched- ule 1 to the 1973 Agreement as amended is further amended to read as follows: Amount of Credit Allocated % of (Expressed in Expenditures to "Category Dollar Equivalent) be Financed (1) Civil Works for Part 14,775,000 70% of total B of the Project expenditures (2) Maintenance equip- 830,000 100% of foreign ment as listed in expenditures Schedule 4 to this Agreement (3) Consultants' services 100% of foreign expenditures (a) Supervision of 730,000 works under Parts A and B of the Project (b) Technical as- 795,000 sistance and training under Part C of the Project (c) Detailed engi- 220,000 neering under Part E of the Project (d) Study compris- 50,000 ing Part F of the Project (4) Unallocated 400,000 TOTAL 17,800,000" ARTICLE H SECTION 2.01. This Agreement shall come into force and effect on the date upon which the Association dispatches to the Borrower notice of its acceptance of: 5 (a) evidence that the execution and delivery of this Agree- ment on behalf of the Borrower have been duly authorized or ratified by all necessary governmental action; and (b) an opinion or opinions satisfactory to the Association of counsel acceptable to the Association showin- that this Agreement has been duly authorized or ratified by, and executed and delivered on behalf of, the Borrower and that the 1973 Agreement as amended by this Agreement constitutes a valid and binding obligation of the Borrower in accordance with its terms as so amended. SECTION 2.02. If this Agreement shall not have come into force and effect by September 9, 1975 this Agreement and all obligations of the parties hereunder shall terminate, unless the Association, after consideration of the reasons for the delay, establishes a later date for the purposes of this Section. The Association shall promptly notify the Borrower of such date. If this Agreement shall terminate under the provisions of this Sec- tion, the 1973 Agreement shall continue in full force and effect, as if this Agreement had not been executed. IN WITNESS WHEREOF, the parties hereto, acting through their representatives thereunto duly authorized, have caused this Agreement to be sicned in their respective names and delivered in the District of Columbia, United States of America, as of the day and year first above written. REPUBLIC OF MALI By /s/ ALPHA A. DIAW Authorized Representative INTERNATIONAL DEVELOPMENT ASSOCIATION By /s/ ROGER CHAUFOURNIER Regional Vice President Western Africa