Conformed Copy - L3324 - State and Provincial Roads Project - Amendment

Page 1 April 20, 1992 Dr. Mahfi Egilmez Chief Economic and Commercial Counselor Embassy of the Republic of Turkey 2523 Massachusetts Avenue, N.W. Washington, D.C. 20008 Re: Loan No. 3324-TU (State and Provincial Roads Project) Amendment to Schedules 1 and 4 Dear Sir: We refer to your letter, dated March 16, 1992, in which you request certain amendments to the Loan Agreement, dated June 28, 1991, between the Republic of Turkey and the International Bank for Reconstruction and Development (the Bank) for the above-referenced Project. We wish to inform you that the Bank hereby agrees to amend the Loan Agreement as follows: 1. Schedule 1 is amended as attached. The existing Schedule 1 should be deleted and Attachment 1 to this letter substituted therefore. 2. Schedule 4. Part C Add the following new paragraph 3: "3. Civil works agreed between the Bank and the Borrower, signed between April 1, 1990 and the date of this Agreement, may be procured under contracts awarded on the basis of competitive bidding, advertised locally, in accordance with procedures satisfactory to the Bank." Please confirm your agreement to the foregoing by signing the enclosed copy of this letter on the line provided for this purpose and returning the copy to the Bank. Very truly yours, INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT /s/ Michael H. Wiehen Director Country Department I Europe and Central Asia Region CONFIRMED: by REPUBLIC OF TURKEY on 6/8/92 ATTACHMENT SCHEDULE 1 Withdrawal of the Proceeds of the Loan 1. The table below sets forth the Categories of items to be financed out of the proceeds of the Loan, the allocation of the amounts of the Loan to each Category and the percentage of expenditures for items so to be financed in each Category: Amount of the Loan Allocated % of (Expressed in Expenditures Category Dollar Equivalent) to be Financed Page 2 (1) Civil works 142,000,000 50% (2) Bitumen 50,000,000 100% of foreign expenditures (3) Equipment and materials 85,000,000 100% of foreign expenditures, 100% oflocal expenditures (ex- factory cost) (4) Consultants' services 10,000,000 100% and training (5) Unallocated 13,000,000 TOTAL 300,000,000 2. For the purpose of this Schedule: (a) the term "foreign expenditures" means expenditures in the currency of any country other than that of the Borrower for goods or services supplied from the territory of any country other than that of the Borrower; and (b) the term "local expenditures" means expenditures in the currency of the Borrower or for goods or services supplied from the territory of the Borrower. 3. Notwithstanding the provisions of paragraph 1 above, no withdrawals shall be made in respect of payments made for expenditures prior to the date of the Agreement, except that withdrawals, in an aggregate amount not to exceed the equivalent of $25,000,000, may be made on account of payments made for expenditures before that date but after April 1, 1991. 4. Except as the Bank may otherwise agree, the Borrower shall ensure that all contracts to be financed under Category (1) shall be approved and presented to the Bank for purposes of such financing prior to June 30, 1994.