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OT 30 July 2019 lvano Matchavariani Minisler [,linistry of Finance 16 V. Gorgasali Str€et, 0114 Tbilisr, Georgia Dear Mr. Matchavaiani: gypass Road Ptojoct .. Subiect. Loan No 352O'GEO: Balumi Agreement (Amendmont No''l) iniendments to Loan lWerefeltolheLoanAQr€ementdatedl2June2olTbetwoenG€oQia{.,Borrower) All e";:" i:,coe tlo' t'''" c"pt'on"o proj€ct rloan Asr€€m6nr) ln lho Loan ,". *" I;;;;";"".;.; ed her€ n'sha;in"'e x1s rns6ning given lhoreto iiJilil"iii*,. Jiri.ut not delrr reou'rgs olhetuise' Agreemenl, untess the context minor. chang.et, [-tl:^.P'"1"o Following the Borrower's request' ADB approvedgrve offeci lo lhe changes' ADB To iflpler.]enlauo" and scope affectrna lne o" u'"nc"i us set oJl rn lhe atlachment heroto 2. u"^i""t"lit ;ffi;#"';""ii;i";;-^s'!u,n"n' Sav€ and oxc€pt to lhe exlent set oul romains unchanged 3. 4 in tho altachmont hgroto' the Loan Agr66m€nt Policy (2018) ('AlP')' lhe amendments lo date lhet the nrii:t *"usiG viittrrn z weet<s rrom thewithln lh6 AIP information that faus PLrrsuarll to AOB'S Access ro l4lofinalion tn" l"-'inii'J.""i, iitt ul" pliiJi ,"r'o-uing';;y amendments become effectve "u"|. Bo(ower' the by exceptions as specifled - oul in the lo lhe amendmenls set Please indicate fh-" Borrowers concLlTren'-e 5 by counterslgning each-of ihe two ierteragreement i*"nrl,"iili"iirl"o L ine torms ot u,s Pleas€ r€lain one signed origlnal lette' agreurn"n, oflornar -this ol lhis 'n 'n" 'p'""-ln-o'iie;_betw letter agreoment lor ot '""o'o"t i"i'n-t'e otne'to AoB' The proposed yo'' amendments agreemenl "-:f eoa or a signed original of thtg lett€r shall take utf""t on tn" o"tJJt Lotipi uy Yours ,alr(l!l Director G€neral Centraland W€sl Asi6 Department . .J ril, l0r 6l'0rL rrafiGrriJg'il ASIAN DEVElOPMgNl'ANI( 6 AOB Av.nu., M!.dnluro.l CirY rt!o M.to M!.ll.,,hllLrPi'.' 9!AUGNU 6\NE'6IIIDJ A. Aco€ptod and agroed. B. Confirm€d that lh€ amendnenls t6 Ue Loan AglB€mont do not contaln Infomdon wlthln tho AIP excoptbnl. For and on b€hatl ol GEORGIA Namer 1{s!.1-Ad4s!slr!!l- Dealgnatlon: A,Tr'lor ol ! tc'rn c? oate: to/oi /r.0{9 trlllo! Atlachm€nt Locn No. 352GGEO: Bstuml ByPlt! Ro'd Projeql Am.ndm.nts to Loan Agrcom'nt 1 . The bllowlng BaragrlPh shall bo lmsrlod 8s n6w parEgraph (e) of Sdrrdqlo I , patgtEph 2l '(c) DgEll€d d€slgn, €nvi.oomental impsct ,89s€6sm€nt detail€d l8nd al,ulslton and pLn-aila oroarng documents lor Brlumi 8ypos6-Sarpl (saoton of E 70 d;;A;;t road).' 2. The Tabl6 6rt out in ths Attaohmont to Schodulo 3 shall be del6hd end follo,,vlng Table. TAgLE ,ROCEEDS ALLOCATION A.ND WITHDRAWAL OF LOAN P Totll Amount Allocated ror ADB Flnrnclng Itgm Numbor the Loan Accoutit subcatooorv 73 Works 1A Road 155,000 '18 Pertoman06-Ba66d 9,490,000 2 A 28 Malntonaoco C,6nsultino Servic€s Canstruction SupoMslon for Batuml BvDass Road Performance-Ba6od Malntenance Actlvities, Feasibility Study, 8nd D€tailed Deslqn ftojecl Manag€m€nt 5 100% ot total oQ9nOrure clalmed' 6,169,00q 3,322,000 2,847,000 O"Z. ot totat expsndltlF clalmEd' 1oo% of totril oxpenditure clalmed' lT6%-ottotatexpendnure 949,000 clsim€d' snd lnstitutional 4 of lnt€r6st and 6,453,000 Umllocated TOTAL 20,974,qoq oOYd of smounts due -1 a-hmltm.nl ChEroes 108,190,000 ' Exdulkc of t6x6s and duu6! lmPo3€d wiulh the terrilory ol lh€ Eonower'