Conformed Copy - L7006 - First National Roads Improvement and Management Project - Loan Agreement

Page 1 CONFORMED COPY LOAN NUMBER 7006 - PH Loan Agreement (First National Roads Improvement and Management Project) between Republic of the Philippines and INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT Dated April 10, 2000 LOAN NUMBER 7006 - PH LOAN AGREEMENT AGREEMENT, dated April 10, 2000, between Republic of the Philippines (the Borrower) and INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT (the Bank). WHERAS (A) the Bank has received a letter dated November 29, 1999 from the Borrower describing a program designed to establish management systems that would ensure the upgrading and preservation of the national roads system in an environmentally, socially and financially sustainable fashion (the Program) and declaring the Borrower