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LOAN NUIIBER 76'lGE V Loan Agreement (Additiooal Fitratrciog for the SccoDdsry snd Local Roads Project) bemeeD CEORCIA and INTERNAT10NAL BANK FOR RECONSTRUCT10N AND DEヽTLOPMENT V D" 々乞に/′」 ,"" LOAN NUMBER 7671 CE LOAN ACREEⅣ ENT Ageement daled Mn."? 25 , 2009, bet*een CEORCIA ("Borowei') and INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT ("Banf') for the pupose of providing additional financing for activilies related to the Original Project (as defined in the Appendix to this Agreement). The Borower and the Bank hereby agree as follows: ARTICLE I - CEI{ERAL CONDITIONS| ITEFINITIONS 1.01. The General Condirions (as defined in the Appendix to this Ageement) constitute an integml pan of this Agre€ment. I.02. Unless the conlext requires otherwise, the capitalized terms used in this Ageement have the meanings ascribed to lhem in the General Conditiom or in the Appendix to this Agreement. ARTICLE II. LOAIY 2.01. The Bank agees to lend to the Borrower, on the terms and conditions set fonh or rcferred to in this Agrcement, the amount of seventy million Dollars ($70,000,000), as such amount may be convened fmm time to time ttrough a Cunency Conversion in accordance with the prcvisions of Section 2.07 of lhis Agreement ("Loan"), to assist in financing the project described in Schedule I to this Agle€ment ("Projeci"). 2.02. The Bonower may withdraw the proceeds of lhe Loan in accordance with Section lv of Schedule 2 to this Ageement. 2.03. The Front-end Fee payable by the Borrower shall be equal to one quarter ofone percent (0.25%) ofthe Lo;m arnounl 2.04. The interest payable by the Bonower for each Intere$ Period shall be at a rate equal to LIBOR for the Loan Currency plus the Variable Sprcad provide4 rhat upon a Conversion ofall or any ponion ofthe principal amount ofthe Loan, the interest payable by the BoEower during the Conversion Pe.iod on such amount shall be determined in accordance with fie relevant provisions of Article IV of the General Conditions- Nowithstanding the foregoing, if any amount of the Withdrawn Loafl Balance remains unpaid when due and such non-payment continues for a period of rhirty (30) days, then the interest payable by rhe -2Borower sha.ll instead be calculaled as provided in Section 3.02(d) of the General Conditions. 2.05. The Payment Dates ar€ January 15 and ruly l5 in ea.h yeff. 2.06. The principal amount of the t an shall be rcpaid in accordance with the amortizstion schedule set forth in Schedule 3 to this Agrecment. 2.07. (a\ The Bonower may at any time request any ofthc following Conversions ofthe terms ofthe Loan in order to facilitate prudmt debt management: (i) a change of the Loan Currency of all or any portion of the principal amount of the Loan, wirhdrawn or unwithdrawn, to an Apprcved Currency; (ii) a change ofthe interest rate basis applicable to all or any ponion of the principal amount of the Loan withdrawn arld outstanding &om a Variable Rate to a Fixed Ratq or vice versa: and (iii) the setting of limits on the Variable Rate applicable to all or any portion of the principal amount of the lran withdrawn and oulstanding by the establishment of an Interest Rate Cap or Intercst Rate Collar on the Variable Rate. (b) Any conversion requested pursuant to paragmph (a) ofthis Section that is accepted by the Bank shall be considercd a "Conversion", as defined in the General Conditions, and shall be effected in accordance with the provisions ofArticle IV ofthe General Conditions and ofthe ConveNion cuidelines. homptly following the Execution Date for an Interest Rate Cap or Inrerest Rate Collar fo. which the Borrower has requested that the premium be paid out of the proceeds of the Loarl the Bank shall, on behalf of the Borrower, withdraw from the Loan Account and pay to itself the amounts requircd to pay any premium payable in accordance with Section 4.05 (c) of the Ceneral Conditions up to the amount allocated from time to time for the purpose in the table in Section IV of Schedule 2 to this Agreement. ARTICLE III. PROJECT 3.01. The Borrower declares its commitinent to the objectives of the Project. To this end, the Borrower shall carry out the Proje.t through RDMRDI in accordance with the provisions ofArticle v ofthe General Conditions. 3.02. Without limitation upon the provisions of Section 3.01 of this Ageernent, and except as the Borrower and the Bank shall otherwise agree, the BonotYer shall ensure that the kojecl is caried out in accordance wilh fie provisions of Schedule 2 to this Ageement. ‑3‐ ARTICLE IV‐ REMEDIES OF TIIE BANK 4 01 Thc Additioral Event oF Suspension consi゛ s ofthe fonOwin3 mlnely・ that as a result of events whlch have∝ curred aner thc dalc ofthc Loan Agrccment an ettraFlrdinary situatlon shan have arlsen which shan makc it improbablc● at the Pro卿 ⅥA‖ be camed out ARTICLE V‐ TERprINATЮ N 5 01 The Erecuveness DeadHne L date nlnety(90)da■ S ancr thc dtte oF this Agrccment ARTICLE Vl‐ REPRESENTATIマ ■:ADDRESSES ▼ 6 01 The Borower's Rcpttentatlve is theヽ Gnisler oFFinancc 6 02 Thc Borower's Ad es is: Minltt oFFinance 16 0orgasali Strect 010S Tbilisi Ceorgla Facsini:e: 995‑32‑261461 6 03 Thc Bank's Address is: Intemationa Bank for Rcconsmction and Dcvclopmcnt 1818 H Strect N W WashingO● D C 20433 United States ofAmeHca Cable address: nヽ TBAFRAD Washing10● DC Telex: 248423(MCI)Or 64145(MCI) Facsinulc: 卜202‑477る 391 -4AGREED at Tbilisi, Gcorgi., as oflhc day and year first above written CEORCIA By Authorized Repr€sentative 園 TERNAT10NAL BANK FOR RECONSTRUCTION AND DEル TLOPIIENT By Authorized Representative -5SCIIEDULE I Proiect De.crlption The objectives of the Project are to: (a) upgrade and rehabilitate fie secondary and local roads network; and (b) incrcase RDMRDI'S and local governments' capacity to manage the road network in a cost effectivc and sustainable manner The Project consists ofthe Original Prcject and the following additional pafis: Part A: Rehabilitalion of Secondad and Lca[ Roads Rehabililating abou 450 kilometers of secondary and local oads, carrying out drainage improvements and providing signage and acc€ss to adacent prop€rties. Pan B: Strenqthenins the Caoacitv of Road Sector Institutions 1. Strengthening the capacity of RDMRDI and its six regional ofiices in managemcn! and maintenance of the secondary road network thrcugh the provision of: (i) corLsulhn6' senices to _ pneparie a consultants' services for dara collecrion (ii) (iii) performance-based mainrenance contracq compurer equipment Iabratory equipmenL vehicles and oflice fi-rniture; and (iv) training- 2. Strengthening lhe capacity of local govemrnent units in managemem and mainlenance of local road network tkough: (i) the provision of consulu s' services for assessing needs and resouces of the local goveflrments for roads' maintmance and for designing a local road management and maintenance resource mehual; and (ii) cooducting workhops for local govemments on local .oad management and maintenance. 3. ProvisioE ofconsult trtr' services for preparitg thc Prcject rudits Pan C: Desimine and Supervisine Road Rehabilitation Designing about 150 kilometes of road rehabilitation and supervising approximately 450 kilomelers of road rehabilitation work, tlrough the provision of consuhanls' services. -6SCIIEDULE 2 Project Erecution *Sg9!-I, lmplemartltiorArrrncaDentl A. loltitutlon.lArnngeEeDtt 1. The Borower shall cary out th€ Prcject th$ugh RDMRDI with due dili8ence and efficiency and in conformity with approPriate administralive, financial, engineering public utiliry; envi ronmental Pftctices and shall provide RDMRDI wilh the nesourc's and staffn.cessary for implernenling the Proiecl 2. The Borrower shall cnsut€ that adequat. budgetary rcsources are mad€ available for the Project in the Borrower's annual budgel 3. The Borrower shall rEquire TRRC to carry out the financial managcment for the koject and assisr RDMRDI in the procuement under the Project in accord&ce with the Implementation A greement. 4. The Bodower shall pennit the use of standads recomftended by the EuroP€an committee for Standardizaiion on constructiorl Planning and desiSn of roads and highwrys (in addition lo lhe nalional standards) in lhe design, construction and maintenance of road works under $e Proiecr The Borrower shall, lhrough RDMRDI: (a) mainbin policies and procedur's adeouare to enable it to monilor and evaluate on an ongoing basis' the road condilions *a-""hi.r"aan, o[ other road sector objectives in accordarEe with Monitoring and Evaluarion Indicators and fte EF for the cartying out of the Projccl and the achievemenl ofthe obiectives rhereofl (b) sEengthen the capacity of the regional omces of RDMRDI; rcr nromore the develoDment of the fivc year road program and monitor its i,riollrn.nution and impacu (d) ensue that for any contract for road works under this piJiect: tit no land is iaken or persons displaced as a rcsuh of carrying out the road woiksl (ii) procedures salisfaclory to the Bank for ensuring protectron ofcultural Property to and/or ctrance nnas are incorporated into the conracls; and (iii) an EMP satisfactory (e) publkh an and Ef: rtr. A"* i, pr.p*ea in accordance wilh the provisions of rhe oeta'l anrual repon trithin ninety 190) days of each calendar yett outlining ln suttlclenl rcao llre,e:ll RDMRDi's previoLls yeJr's accomplishments and its lbnhcomlng 5. program. -1- B. AEti-Corruptioo The Bonower shall ensure thal $e Project is carried out in accordance with the provisions of the Anti-Cornrption Cuidelires. C. l. SsfeSurrd3 The Borrower shall ensure that the Projecl is cadied out in accordance with lhe provisions of the EF and the respectivc EMP, and that aemedial measurcs arc taken dudng the implementation and opemtion of the Project to ofrset or reduce adverse enviaonmental impacts lo levels s€t fonh in the EF and the respective EMP. The Bonower shall not assiSA amend, abogate o. waive the EF or the rcsp€ctive EMP without rhe prior approval of the Ba.rll. 2. The Borrower shall ensure that: (a) all civil work shall be conducted within the existing right ofway; and (b) no activity shall be undenaken mder the Project involving the involuntqy acquisition of land or involuntary rcsettlement of occupaits or owne6 of such land Section IL A- Pmject ReporB Proi€ct Monitorinr R€porlinr sod Evrlu.tion The Borrower shall, lhrough RDMRDI, monitor and evaluate the progress ofthe Project and preparc Project Reports in accordance with the provisions of Section 5.08 of the General Conditions and on the basis of the indicarors agreed with the Bank. Each Project Report shall cover the period ofone calendar quarteq and shall be fimished to the Bank not late. than one month after the end ofthe period covered by such rcporl B. l. Fitratrcial Msnagedent, Finricial Report! rnd Arditr The Borrower shall maintain or cause to be maintained a financial managemen! system in accordance with the provisiorLs of S€ction 5.09 ofthe Ceneral Conditions. 2. Witiout limitation on the piovisions ofPan A ofthis Sectioq the Borrower shall, (hrough RDMRDI. prepare and fumish lo rhe Bank nol larer rhan fony five days (45) after the end of each calendar quarter, interim unaudited financial repons for the hoject covering the quarter, in form and subslance satisfactory to the BaDt. 3. The Borrower shall have its Financial Statements audiied in accordance wifi the provisions of S€ction 5.09 (b) of the General Conditions. Each audh of the Financial Statements shall cover the period of one fiscal year of the Borrower. The audited Financial Statemenls for each such peiod shall be fumished to the Bank noi later than six (6) months after the end ofsuch period. -8SectionIII. Procure&eol A. L Generel Goodi rtrd Work!. All goods and works rcquired for rhe Project and to be financed out of the proceeds of the Loan shall be procued in accordance wilh the requirements set forth or referred to in Section I ofthe Prccurement Guidelines, and with the provisions ofihis Section. 2. CoBrultsrt!' Service3. All consultrnts' services requircd for the Project and ro b€ financed out of the Foceeds of the Loan shall be paocured in accordance with the requirements set fonh or rcfened rc in Sections I and IV ofthe Consultrnt Guidelines and with the provisions ofthis Section. 3. Defitritiors. The capiBlized terms used below in this Section to describe particular procurerhent methods or methods ofreview by the Bank ofpanicular contmc6 refer to the corresponding method described in the Procuement GuidelineE or Consultant Guidelines, as the case may be. B. l. Prrticuler M€tbods ofProcuremert ofGood! erd Worl6 InterEstiorrl CoErpctitive BiddiD& Except as otherwise provided in pamgraph 2 below, goods and works shall be procurcd under contracts awarded on the basis of Intemational Competitive Bidding. 2. Oth€r Methods of Prccuremeot of Coodr .trd Work. The following table specifies the methods of procuement, other than Intemational Competitive Bidding which may be used for goods and work. The Procuement Plan shall specify lhe circumstances under which such methods may b€ used. Procurement Yethod (a) National Competilive Bidding, subject !o the additional provisions set forth (i) "Open competitive procedurcs" (i.e. "public tende." rather than 'tendei') shall be the default rule. A single envelope procedure shall be used for lhe submission of goods, work, or technical services (other than consultanE' services). (i0 Invitations 1o bid shall be adveftised in at least one \r'idely circulated national daily newspaper allowing a minimum of thiny (30) days for the preparation and submissiod of bids. Advertisements oublished in for€igr language newspapers shall be in compliance with -9- such a 3o-day-minimum in number of days for bids preparation and submissiorl (iii) Bidding shall not be rcstdcted to pre-registered firms. If rcgistration is require4 il shall not b€ denied to eligible bidders for rcasons urrelated to their capacity and rcsoutes to successfully perform the contract (e.9., mandatory membership in professional organizations, classification, etc). Post-qudification shall b€ conducted to veriry that the bidder has the capability and resources to successfully p€rform the contaact, V (ir) Govemmcnt-owncd enterprises in Georgia shall b€ eligible to participate in bidding only ifrhey can establish that they are legally and financially aubnomous, operate under corunercial Iaw and ale not a dependent agpncy of ihc Governmenl. Covemmmt-owned enterprises rj{ill be subject lo the same bid and performanca secudty requirements as orher bidders. (r) Procuing entities shall use the appropriate Bank'rAssociation's sample bidding documents, including pre-qualification documents, for the procuement of goods, works, or technical services (other than consultants' services), and shall contain drafr contract and conditions of conEact including clauses on Saud and conuption, audit and publicarion of award, all acccptable to the BanUAssociation. ("i) Bids shall be opened in public, i&nediately after rhe deadline for submission of bids. Bidder's representatives shall be permitted to attend the bid opening- (vii) Extension of bid validiiy shall be allo*ed once only for not morc than thirty (30) days. No flrher exlensions should b€ requested without the prior approval of the BanldAssociation. (viii) Evaluation of bids shall be based on quaniifiable crireria expressed in monetary terms as defined in the bidding docurneots, no merit poin! system and no domestic prefercnce shall be used in the evaluatioo of bids. Confacis shall b€ awarded to qualified bidders having submined the lowest evalualed sub6tantially responsive bid and no negotiations shall be ca,.ried out prior to contmcl auard. (ix) Civil works contrac6 oflong duration (e.9. more than eighteen (lE) monttE) shall contain an appropriate price adiustment claLrse. - 10Procurement )Iethod No bid shall be rejected puely on the basis that the bid price is higher than the estirnated budget for that procuement. All bids shall not be rcjecled and new bids solicited without the Bank's prior (X) concurence. (b) Shopping (c) Direct Contracting C. l. Particulsr Metho& of Procurement ofcoDsult trt!'Services Qurlity- rnd Cost-b$€d Selectiotr. Except as otherwise provided in pardgraph 2 below, consultants' services shall be procured under contracts awarded on the basis of Quality and CosFbased Selection. 2. Other Metho& of Procurehetra of Conlult trt!' Scrvices. The following table specifies the methods of procuremenl, other than Qualily and Cost_based Selectiorf which may be used for consultants' services. The Prccuement Plan shall specify the circumstances under rvhich such methods may be used, Procurement ]llcthod (a) Least-cost Selection (b) Selectioo Based on Consuharts' Qualifications (c) Single Source Selection (b) Selection of Individual Consultants D. Review by th€ B.nk of Procur€mGot Decisiotr! The Procurement Plan shall set forth lhose contracts which shall be subject to the Baok's Prior Review. All olher co racts sball be subject to Post Review by the Banl Section A. l. Iv. Withdnwsl ofLoon Proceeds Geoeral The Borrower may withdraw the proceeds of the Loan in accordance with the provisions of Anicle U of lhe General Conditioos, this Section' and such additional _ Il _ instructions as the Bank shall speci& by notice to the Bono*er (including the "World Bank Disbusement Guidelines for hojects" dated May 2006, as revised frorn time to time by lhe Banl and as made applicable to this Agreement pursurlt to such instructions), to finance Eligible Expcnditures as set forth in the table in paragraph 2 2. The fotlowing iable sp€cifies the categories ofEligible ExpenditurEs that may b. financed out ofthe proce€ds offie Loan C'Category), the allocation of the amounts of thc Loan to each Calegory, atd the percentage ofcxpeoditu.es to be financed for Eligible Expendimres in each Category. Percentege of Amount of th€ LorD Allocrted Exp€nditures to b€ fitraoced Cct€gor, (erpressed itr USD) (itrclusive of Tsxes) ( I ) Goods, works, c.nsultants' 69,825,000 100/o services and training for the Project (2) Front-end Fee 175,000 Amount payable pursuafl !o Section 2.03 of this Agrcement in accordance with Section 2.07(b) of rhe General Conditions (l) hemia for Interesr Amount due under Section 2.07(c) of this Ageemenl Rate Caps and lnterest Rate Collars 0 TOTAL AMOUNT 70,000,000 B. l. Withdr.?.l Condidon!; Withdr.w.l P.riod Notwithltanding the provisions ofPa( A of this Sectior\ no withdrawal shall be madc for paymenls made prior to the date of lhis Agrcement, except that withdrawals up to an aggregate amount not to exceed $5,000,000 equivalent may be made for payments made prior to this date but on or after March 10, 2009, for Eligible Expcnditur€s under Category l. 2. The Closing Date is October I1, 201 L -12SCHEDULE 3 ADortizsliotr Schedule t. The following table sels forlh the Principal Payrnem Dates of the Loan snd the percentage ofthe tolal principal amount ofthe Loan payable on each Principal Payment Date ("lnstallment Share"). Ilthc proce€ds ofthe Loan have been fully wiihdra*n as of the first Principal Payment Dale, the principal amount of the Loan repayable by the Borower on each hincipal Payment Date shall be determined by the Bank by multiplying: (a) Withdrawn Loan Balance as ofthe first Hncipal Payment Date; by (b) the Installment Shar€ for each Principal Payment Date, such rcpayable amount to be adjusted, as necessary, to deduct any amounts refened to in paragraph 4 ofthis Schedule, to which a Cunency Conversion arplies. Priocipal Psymert Date lnst.llment Share (Expressed ss a Perceniage) On each January I 5 and July I 5 Beginning July 15, 2014 through January I 5, 2039 2% 2. lf the proceeds of the t oan have not been fully withdrawn as of the fust Pri ncipal Payment Dale, the principal amouit of the Loan repayable by the Bonower on each Principal Paymenl Dale sh6ll b€ dctermined as follows: (a) To the extent that any proceeds of the Loan have b€cn withdrawn as of the first Principal Payment Dale, lhe Borrower shall rePay the Withdrawn Loan Balance as ofsuch date in accordance with paragraph I ofthis Schedule. (b) Any amount withdrawn after the first Principal Payment Date shall be repaid on each Principal Paymenl Date falling after the daie of such withdrawal in amoun6 determined by the Banl by multiplying the amount ofeach such withdrawal by a liaction. the numeEtor of*hich is the original Installment Sharc specified in the table in paftgraph 1 ofthis schedule for said Principal Payment Date ("original Installment Share"fand ttre denominatot ofwhich is the sum ofall remaining Original Installment Shares for Principal Payment Dates falling on or after such dale, such amomts rcpayable ro be adjusted, .!s necessary, to deduct any arnounls refered to in paragraph 4 of this Schedule, to *hich a Currency Conversion applies. 3. (a) Amounts ofrhe [ran withdawn wilhin t\ro calendar months prior to any Principal Paymenl Date shall, for the Purposes solely ofcalculating the principal amounts payabie on iny Principal Payment Da!e, be kealed as withdrawn and outslanding on the iecond Principal Payment Date following the date ofwiihdrawal and shall be repayable -13on each Principal Pa)rincnl Date commencint wilh the second Rincipal Payment Date following the date olwithdrawal. (b) Notwithstanding rhe provisions ofsub-.paragraph (a) ofthis paraSraph, if al any time the Bank adopts a due dare billing system under *hich invoices are issued on or after the resp€ctive Principal Payment Darc, the provisions of such su[paragraph shall no longer apply to any withdrawals made afier the adoption of such billing system. 4 V Notwithstanding rhe provisions of pamg.aphs 1 and 2 of this Schedule, upon a Cun€ncy Conversion of all or any F,ortion of the Withdrawn Loan Balanc_e io an Approved Currency, the amoun! so convened in the Approved Currency that is repayable on any Principal Paymcnt Datc occurring dudng the Conve.sion peiod, shall be determin€d by the Bank by multiplying such 6mogt in its crmency of denomination immedialcly prior to the Conve6ion by either: (i) the exchangc mte lhat reflacts the amounts of principal in the Approved Currency payable by the Bank under the Currcncy Hedge Transaction rElaring to the Convenion; or (ii) if tha Bank so detcrmines in accordance with lha Conversion Guidelincs, the exchange .ate componcnt of the ScrEen Rale. 5. Ifthe Wilhdrawn Loan Balance is denominat€d in more than one Lmn Currency, the provisions ofthis Schedule shall apply separately to the amount denominated in each Loan Currency, so as to produce a separate amortizalion schedule for each such amount. -14APPENDI'( Section I. Deliritiotr. "Anti-Corruption Guidelines" mesJts the "Cuidclines on Prcventing and Combating Fraud and Corruption in Proiects Finsnced by IBRD Loans and IDA l. Crcdits and Grants". dated october I 5, 2006. 2. "Catcgory" means a category set fonh in the table in Section IV of Sch'dule 2 to thh Agreement. 3. alld Employment of "Consultant Cuidelines" merns the "Guidelines: Selection in May 2004 6nd published the Bank by Consultanb by Wortd Bank Borrowers" rcvised in Octobd 2006 "Environmental Assessment and Protection FrameworL' or "EF' means the Borrower's environmental assessment and protection Famework fimished to the Bank on Jarurry 30, 2009, setting forth the mitiSatin& monitoring and institutional measules to be laken during the imPlementation and oPeration of the to Project to oflset or reduce adverse environmental imPac6 lo levels acceptable - the Bank. 5. "Environmental Management Plan" or "EMP' meaDs the BoFowef's enviroNnental management plans acceptable rc the Bank to be preparcd in accordance with the provisions ofthe EF 6 "EuroD€an Committee for Slandardization" or "ECS" means an international associ'ation established and operating pusuant to the Statut6 of Comhe iuropeen de Nomalisation (CEN) of 25d October 1919. as aflended on December 6. t 95 4. or any legal successoa thereto フ "Georgian lrri" or "GEL" means the currency of the Borrowet' ８ "G€neral Condhions" means the "Intemational Bank for Reconstruction and (as amended DeveloDment General Condilions for Loans", daled July l, 2005, through February I2,2OO8) wilh lhe modificalioN sel fonlr in Seclion ll ofthis Appendix. つ _lmDlementation Ageement" means the agreemem entered into beMeen the RDMRDI and TRRt and referred to in Section I A.J of Schedule 2 to this Ageerient setting forth the obliSations of both panies in relation to the koject implemenution in a ma.nner satisfactory to the Bank. 10. "Moniloring and Evaluation Indicato$" means the agrced Performance indicators Project set fonh ini supplemental lener to be utilized by the Bonower under the - 15to measure the progess in the implementation of the project and the degrce to which the objectives thereforc are being achieved. u. t2. "Original Financing Agreement" mcans the Development Credh Ag€ement for the Secondary ard Local Roads Project between Ceorgia and fie Intemational Dev€loprnent Associatioq date4 July 1,2004 (CrediiNo. 3938 cE). "Original Project" means the Project described in the Original Financing Agrcenent. 13. "hocurcment Cuidelines" means lhe rcuidelines: procurement under IBRD Loans and IDA Cr€dirs" published by the Bank in May 2004 and rcvised in October 2006. ▼ 14. "Procuement Plan" means the Borrower's procrrement plan for the projec! dated February 18,2009, and rcferred to in paragraph l.16 ofthe procurement Guidelines and pa8graph 1.24 ofthe Consultant Guidelines, as the sarne shall tre updated from timc to time in accordance wilh the provisions ofsaid paragraphs. I5. "RDMRDI" means rhe Bono*er's rmds departrnent of the Ministry of Regional Dcvelopment and InFastructure responsible for managing the Borrower's road network or any legal succ€ssor thcrcto. 16. "TRRC" means the Eurasia Transport Corridor Investment Center/Transpon Reform 6nd Rehabilitation Center established pusuant to presidenfs Order No. N-161, dated April2l,2000, or any legal successor lhereto. Seclior II. Modilicrtior3 to the Cererrl Cotrdition! The modifications to the GencEl Conditions are as follows: I . Paragraph (a) of Section 2.07 is rnodi fied ro read as follows: "Section 2.07. Refrnancing Pteparation Advonce; Capitalizing Ftontand Fee and Interest (a) If the Loan Agreement pmvides for the repayment out of lhe proceeds of the Loan of an advance made by the Bank or the Association ("Preparation Advance"), the Banl< shall, on behalf ol such Loan pany, withdraw from the Loan Account on or after lhe Effective Date the amount required to repay the withdrawn and outstanding balance of the advance as at the date of such with&awal fiom the Loan Account and to pay all accrued and unpaid charges. ifany, on fte advance as at such date. The Barl shall pay the amount so withdrawn to itself or the Associalion, as the case may be, and shall cancel the remaining unwithdrawn amount oflhe advance." - t6 - 2 Paragraph (l) ofSection 7.02 is modifiedto rcad as follows: "Section7.02. Suspension by the Bonk .-- (l\ tneligibitiry. The BanI or the Association has declared ;e Borrower (other than the Member Country) or the Project Implementing Entity ineligible ro .eceive proceeds of any financing made by the Bank or the Association or otherwise to panicipate in the preparation or implementation of any project financed in whole or in pafi by the Bank or the Associatiorl as a rcsult of a determination by the Bank or the Association that the Borower or the Project Implementing Entity has engaged in fraudulenl, corupt, coercive or collusive practices in connection .rvith the use ofthe proceeds ofany financing made by the Bar* or the Association." 3. The following ierms and definitions set fonh in the Appendix are modified or deleted as follows, and the following new temls arld definitions are added in alphabetical order to the Appendix as follows, with the terms being renumbercd accordingly: (a) The lerm "hoje.t Preparation Adv6nce" is modified 10 read "Preparalion Advance" and its definition is modified lo read as follows: "Preparation Advance' means the advance referred to in the l,oan Agreement and repayable in accordance with S€ction 2.07." (b) The definition of the term "Conversion Date" is modifi€d to read as follows: "Conversion Date' means, in respect of a Convemion, the Execution Date (as herein defined) or such other date as requested by the Borrower and accepted by the Bank, on which the Conversion ente6 inlo effect, and as funher specified inthe Conversion Guidelines."