Conformed Copy - L4192 - Andhra Pradesh State Highway Project - Project Agreement

Page 1 CONFORMED COPY LOAN NUMBER 4192 IN Project Agreement (Andhra Pradesh State Highway Project) between INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT and STATE OF ANDHRA PRADESH Dated July 30, 1997 LOAN NUMBER 4192 IN PROJECT AGREEMENT AGREEMENT, dated July 30, 1997, between INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT (the Bank) and STATE OF ANDHRA PRADESH (Andhra Pradesh). WHEREAS (A) by the Loan Agreement of even date herewith between India, acting by its President (the Borrower) and the Bank, the Bank has agreed to make available to the Borrower an amount equal to three hundred fifty million dollars ($350,000,000), on the terms and conditions set forth in the Loan Agreement, but only on condition that Andhra Pradesh agrees to undertake such obligations toward the Bank as are set forth in this Agreement; (B) Andhra Pradesh in consideration of the Bank