Conformed Copy - C3103 - Andhra Pradesh Economic Restructuring Project - Project Agreement

Page 1 CONFORMED COPY CREDIT NUMBER 3103 IN LOAN NUMBER 4360 IN Project Agreement (Andhra Pradesh Economic Restructuring Project) among INTERNATIONAL DEVELOPMENT ASSOCIATION and INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT and STATE OF ANDHRA PRADESH Dated February 4, 1999 CREDIT NUMBER 3103 IN LOAN NUMBER 4360 IN PROJECT AGREEMENT AGREEMENT, dated February 4, 1999, among INTERNATIONAL DEVELOPMENT ASSOCIATION (the Association) and INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT (the Bank) and the STATE OF ANDHRA PRADESH ( Andhra Pradesh). WHEREAS (A) the Association and the Bank have received a letter dated May 14, 1998 from the State of Andhra Pradesh describing a program of objectives, policies and actions designed to restructure the economy of Andhra Pradesh (hereinafter called the Program), and declaring Andhra Pradesh