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28 February 2020 Wane Matchavariani Minister Ministry of Finance 16 V. Gorgasali Street, 0114 Tbilisi, Georgia Dear Mr. Matchavariani; Lo.„ NO s Improvement Project), dated 05 October 2018 , we refer to the Loan Agreement dated 5October 2018 between Georg.a^^ cajtred tersTer^ufno' ^;f,ned'her^rsMI h°ave the .ean,ng given thereto ,n the Loan Agreement, unless the context requires otherwise. 2 Following requests from 5December 2019, ADB approved 27 Septem Sn, Loan Agreement be amended as follows. ta) ®°™20l^ roceeds and introduction of a -ctto the c^hanges, ADB proposes that the K ir{\ chaii be inserted under paragraph / A new sub-paragraph (d) shall oe inben Schedule 1 to the Loan Agreement; ,a) preparation of detailed design for E-60 highway section from Natakhtari to Rustavi (Tbilisi bypass). . " The Table i. K«,chn,en. ,0 S=h.du» 3ot Ih. Lo.n A.,.emn, 5e ddliea end siiBMMed will, II,. loHowing Table, ASIAN development BANK 6ADB Avenue, Mandaluyong Ciiy 1550 MetTO Maiiib. Philippines Tel f63 2 8632 '^44'? Fax t63 2 8G36 2444 www.adb.org TABLE ALLOCATION AND WITHDRAWAL OF LOAN PROCntEEDS (East-West Highway (Khevi-Ubisa Section) Improvemei Project) Total Amount Allocated for Basis for Withdrawal ADB Financing Item Number from the Loan (€) Cateqorv Account 221.730.000 75.86% of total expenditure claimed 1 Works Construction Supervision 9.361.000 2 expenditure claimed Capacity Building and Project 1.991.000 expenditure claimed 3,000.000 expenditure claimed 19.215.000 100% of amounts due 3 3A 100% of total 100% of total Management Support Preparation of Detailed Design for E-60 Highway 100% of total Section from Natakhtari to Rustavi (Tbilisi Bypass) Interest and Commitment 4 Charges 255,297,000 Total 3, J save and except .0 the ex.en, set ou. above, the Loan Agreement remains unchanged. , .DB. A=c.» » r^rr»rwr.""x"r «•• -—"•"" exceptions as specified by the Borrower. 5, Please indicate the Borrow^er's 'g® ggi^gpfb^ 2of this letter agreement and to the terms of this le the two originals of this letter agreement n the s ffr.«.=,iJ. this letter agreement. 9 01 each of one the other to ADB. The »»»'• '1 Yours sinc^fely,^ I j <A Werner E. Liepaoji/ r\\rrsr>^r\ir /^an^rol V Director General Central and West Asia Department A. Accepted and agreed. B. Confirmed that the amendments to the Loan Agreement do not contain information falling within the AlP exceptions. For and on behalf of GEORGIA Name: L\/v^^^ Designation; Date: f-t/ Ma\c '^o[vc:\c\o-x>\

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LOAN NUMBER 3715-GEO LOAN AGREEMENT (Ordinary Operations) (East-West Highway (Khevi-Ubisa Section) Improvement Project) between GEORGIA and ASIAN DEVELOPMENT BANK DATED 0!^ Oc.{oW.C 2Di 8 GEO 49257 LOAN AGREEMENT (Ordinary Operations) LOAN AGREEMENT dated ("Borrower") and ASIAN DEVELOPMENT BANK ("ADB"). Z0\?> between GEORGIA WHEREAS (A) the Borrower has applied to ADB for a loan for the purposes of the Project described in Schedule 1 to this Loan Agreement; (B) the Project will be carried out by the Ministry of Regional Development and Infrastructure of Georgia ("MRDI"). and for this purpose the Borrower will make available to MRDI the proceeds of the loan provided for herein upon terms and conditions satisfactory to ADB; and (C) ADB has agreed to make a loan to the Borrower from ADB's ordinary capital resources upon the terms and conditions setforth herein, NOW THEREFORE the parties hereto agree as follows: ARTICLE I Loan Regulations; Definitions Section 101 All the provisions of ADB's Ordinary Operations Loan Section 1.02. Wherever used in this Loan Agreement, the several Regulations, dated 1January 2017 ("Loan Regulations"), are hereby made applicable to this Loan Agreement with the same force and effect as if they were fully set forth herein. terms defined in the Loan Regulations have the respective meanings therein set ^^h unless modified herein or the context otherwise requires. Additional terms used in this Loan Agreement have the following meanings: (a) "Consulting Services" means consulting services as descnbed the Procurement Regulations and set out in the Procurement Plan, and to be financed out of the proceeds of the Loan; fb^ "EIA" means the environmental impact assessment for the Project, including any update thereto, prepared and submitted by the Borrower and cleared by ADB; (c) "EMP" means the environmental management plan for the Project, including any update thereto, incorporated in the EIA; (d) "Environmental Safeguards" means tlie principles and requirements set forth in Chapter V, Appendix 1, and Appendix 4 (as applicable) of the SPS; (e) "Goods" means equipment and materials as set out in the Procurement Plan and to be financed out of the proceeds of the Loan, including any related Nonconsulting Services such as transportation, insurance, installation, commissioning, training, and initial maintenance; (f) "Implementing Agency" means RD or any successor thereto acceptable to ADB, which is responsible for the Implementation of the Project; (g) "Indigenous Peoples Plan" or "IPP" means the indigenous peoples plan for the Project, including any update thereto, prepared and submitted by the Borrower and cleared by ADB; (h) "Indigenous Peoples Safeguards" means the principles and requirements set forth in Chapter V, Appendix 3, and Appendix 4 (as applicable) of the SPS; (i) "Involuntary Resettlement Safeguards" means the principles and requirements set forth in Chapter V, Appendix 2, and Appendix 4 (as applicable) of the SPS; (j) "Loan Disbursement Handbook" means ADB's Loan Disbursement Handbool< (2017, as amended from time to time); (k) "MRDI" means the Ministry of Regional Development and Infrastructure of the Borrower; (I) "Nonconsulting Services" means nonconsulting services as described in the Procurement Regulations and set out in the Procurement Plan, and to be financed out of the proceeds of the Loan; (m) "PAM" meansthe project administration manual for the Project dated 12 July 2018 and agreed between the Borrower and ADB, as updated from time to time in accordance with the respective administrative procedures of the Borrower and ADB; (n) "Procurement Plan" means the procurement plan for the Project dated 12 July 2018 and agreed between the Borrower and ADB, as updated from time to time in accordance with the Procurement Policy, the Procurement Regulations, and other arrangements agreed with ADB; (o) "Procurement Policy" means ADB's Procurement Policy - Goods, Works, Nonconsulting and Consulting Services (2017, as amendedfrom time to time); (p) "Procurement Regulations" means ADB's Procurement Regulations for ADB Borrowers - Goods, Works, Nonconsulting and Consulting Services (2017, as amended from time to time); (q) "Project Executing Agency" for the purposes of, and within the meaning of, the Loan Regulations, means MRDI or any successor thereto acceptable to ADB, which is responsible for the execution and carrying out of the Project; (r) "Project facilities" means the facilities to be constructed or otherwise provided under the Project, including all facilities subject to routine or periodic maintenance under the Project; (s) "Project Road" means the road (including access roads) as described in paragraph 2(a) of Schedule 1 to this Agreement; (t) "RD" means the state jurisdictional institution under the governance of MRDI - The Roads Department of Georgia; (u) "RP" means a resettlement plan for the Project, including any update thereto, prepared and submitted by the Borrower and cleared by ADB; (v) "Safeguards Monitoring Report" means each report prepared and submitted by the Borrower to ADB that describes progress with implementation of and compliance with the EMP and RP (as applicable), including any corrective and preventative actions; (w) "Services" means Consulting Services and Nonconsulting Services; (x) "SPS" means ADB's Safeguard Policy Statement (2009); and (y) "Works" means construction or civil works as set out in the Procurement Plan and to be financed out of the proceeds of the Loan, including any related Nonconsulting Services and project related services that are provided as part of a single responsibility or turnkey contract. ARTICLE II The Loan Section 2.01. (a) ADB agrees to lend to the Borrower from ADB's ordinary capital resources an amount of two hundred and fifty-five million two hundred and ninety-seven thousand Euro (€255,297,000), as such amount may be converted from time to time through a Currency Conversion in accordance with the provisions of Section 2.06 of this Loan Agreement. (b) The Loan has a principal repayment period of 15 years, and a grace period as defined in subsection (c) hereinafter. (c) The term "grace period" as used in subsection (b) hereinabove means the period prior to the first Principal Payment Date in accordance with the amortization schedule set forth in Schedule 2 to this Loan Agreement. Section 2.02. The Borrower shall pay to ADB interest on the principal amount of the Loan withdrawn and outstanding from time to time at a rate for each Interest Period equal to the sum of: (a) Euribor; (b) 0.60% as provided bySection 3.02 ofthe Loan Regulations less a credit of 0.10% as provided by Section 3.03 of the Loan Regulations; and (c) a maturity premium of 0.20% as provided by Section 3.03 of the Loan Regulations. Section 2.03. The Borrower shall pay a commitment charge of 0.15% perannum. Such charge shall accrue on thefull amount ofthe Loan (less amounts withdrawn from time to time), commencing 60 days after the date of this Loan Agreement. Section 2.04. Interest and other charges on the Loan shall be payable semiannually on 15 February and 15 August in each year. Section 2.05. The Borrower shall repay the principal amount of the Loan withdrawn from the Loan Account in accordance with the provisions of Schedule 2 to this Loan Agreement. Section 2.06. (a) The Borrower may at any time requestanyofthe following Conversions oftheterms ofthe Loan in order tofacilitate prudent debt management: (i) a change of the Loan Currency of all or any portion of the principal amount of the Loan, whether withdrawn and outstanding or unwithdrawn, to an Approved Currency: (ii) a change of the interest rate basis applicable toall orany portion of the principal amount of the Loan withdrawn and outstanding from a Floating Rate to a Fixed Rate, or vice versa; and (iii) the setting of limits on the Floating Rate applicable to all or any portion of the principal amount of the Loan withdrawn and outstanding by the establishment of an interest Rate Cap or Interest Rate Collar on said Floating Rate. (b) Any conversion requested pursuant to subsection (a) hereinabove that is accepted by ADB shall be considered a "Conversion", as defined in Section 2.01(f) of the Loan Regulations, and shall be effected in accordance with the provisions of Article Vof the Loan Regulations and the Conversion Guidelines. ARTICLE III Use of Proceeds of the Loan Section 3.01. The Borrower shall cause the proceeds of the Loan to be applied exclusively to the financing of expenditures on the Project in accordance with the provisions of this Loan Agreement. Section 3.02. The proceeds of the Loan shall be allocated and withdrawn in accordance with the provisions of Schedule 3to this Loan Agreement, ^h Schedule may be amended from time to time by agreement between the Borrower and ADB. Section 3.03. Except as ADB may otherwise agree, the Borrower shall procure, or cause to be procured, the items of expenditure to be financed out of the proceeds of the Loan in accordance with the provisions of Schedule 4to this Loan Agreement. Section 3.04. Withdrawals from the Loan Account in respect of Goods, Works, and Services shall be made only on account of expenditures relating to. (a) Goods which are produced in and supplied from and Works and Services which are supplied from such member countries of ADB as shall have been specified by ADB from time to time as eligible sources for procurement; and (b) Goods, Works, and Services which meet such other eligibility requirements as shall have been specified by ADB from time to time. Section 3.05. The Loan Closing Date for the purposes of Section 9.02 of the Loan Regulations shall be 31 December 2024 or such other date as may from time to time be agreed between the Borrower and ADB. ARTICLE IV Particular Covenants Section 4.01. In the carrying out of the Project and operation of the Project facilities, the Borrower shall perform, or cause to be performed, all obligations set forth in Schedule 4 to this Loan Agreement. Section 4.02. (a) The Borrower, through the implementing Agency, shall (i) maintain separate accounts and records for the Project; (ii) prepare Statements for the Project in accordance with financial reporting standards acceptable to ADB, 6 internal control of the Project that were identified in the course of the audit, if any); and (v) furnish to ADB, no later than 6 months after the end of each related fiscal year, copies of such audited financial statements, audit report and management letter, all in the English language, and such other information concerning these documents and the audit thereof as ADB shall from time to time reasonably request. (b) ADB shall disclose the annual audited financial statements for the Project and the opinion of the auditors on the financial statements within 14 days of the date ofADB's confirmation oftheir acceptability by posting them on ADB's website. (c) The Borrower shall enable ADB, upon ADB's request, to discuss the financial statements for the Project and the Borrower's financial affairs where they relate to the Project with the auditors appointed pursuant to subsection (a)(iii) hereinabove, and shall authorize and require any representative of such auditors to participate in any such discussions requested by ADB. This is provided that such discussions shall be conducted only in the presence of an authorized officer of the Borrower, unless the Borrower shall othenwise agree. Section 4.03. The Borrower shall enable ADB's representatives to inspect the Project, the Goods. Works and Services, and any relevant records and documents. ARTICLE V Effectiveness Section 5,01. Adate 90 days after the date of this Loan Agreement is specified for the effectiveness of this Loan Agreement for the purposes of Section 10.04 of the Loan Regulations. ARTICLE VI Miscellaneous Section 6.01. The Minister of Finance of the Borrower is designated as Section 6.02. The following addresses are specified for the purposes representative of the Borrower for the purposes of Section 12.02 of the Loan Regulations. of Section 12.01 of the Loan Regulations: For the Borrower Ministry of Finance 16 V. Gorgasali Street, 0114 Tbilisi, Georgia Facsimile Number: (99532)2262 423 For ADB Asian Development Bank 6 ADB Avenue Mandaluyong City 1550 Metro Manila Philippines Facsimile Numbers: (632) 636-2444 (632) 636-2424. IN WITNESS WHEREOF the parties hereto, acting through their representatives thereunto duly authorized, have caused this Loan Agreement to be signed in their respective names as of the day and year first above written and to be delivered at the principal office of ADB. GEORGIA IVANE M^CHAVARIANI Minister Ministry of Finance ASIAN DEVELOPMENT BANK By YESIM ELHAN-KAYALAR Country Director Georgia Resident Mission 8 SCHEDULE 1 Description of the Project 1. The objective of the Project is the Improved efficiency and safety of road transport along the East-West Highway in the territory of the Borrower. 2. The Project shall comprise: (a) the construction of a dual carriageway or a four-lane divided highway approximately 12 kilometers in length between KhevI and Ubisa In the territory of the Borrower; (b) increasing road safety awareness through the development of a road safety program forthe highways in the territory of the Borrower; and (c) improving the capacity ofthe Implementing Agency by: (I) reviewing and strengthening the operations and maintenance system of the highways In the territory of the Borrower; and (11) providing training on Project management. 3. The Project Is expected to be completed by 30 June 2024. SCHEDULE 2 Amortization Sclieduie 1 The following table sets forth the Principal Payment Dates of the Loan and the adjusted, as necessary, to deduct any amounts referred to in paragraph 4of this Schedul , which a Currency Conversion applies. Payment Due 15 February 2030 15 August 2030 15 February 2031 15 August 2031 15 February 2032 15 August 2032 15 February 2033 15 August 2033 15 February 2034 15 August 2034 15 February 2035 15 August 2035 15 February 2036 15 August 2036 15 February 2037 15 August 2037 15 February 2038 15 August 2038 15 February 2039 15 August 2039 15 February 2040 15 August 2040 15 February 2041 15 August 2041 15 February 2042 15 August 2042 15 February 2043 15 August 2043 15 February 2044 15 August 2044 Total Installment Share (Expressed as a %) 3,333333 3.333333 3.333333 3.333333 3.333333 3.333333 3.333333 3.333333 3.333333 3.333333 3.333333 3.333333 3.333333 3.333333 3.333333 3.333333 3.333333 3.333333 3.333333 3.333333 3.333333 3.333333 3.333333 3.333333 3.333333 3.333333 3.333333 3.333333 3.333333 3.333343 100.000000 10 Schedule 2 9 If the proceeds of the Loan shall not have been fully withdrawn as of the first Principal Payment Date, the principal amount of the Loan repayable by the Borrower on each Principal Payment Date shall be determined asfollows; (a) to the extent that any proceeds of the Loan shall have been withdrawn as of the first Principal Payment Date, the Borrower shall repay the amount withdrawn and outstanding asof such date in accordance with paragraph 1 of this Schedule; and (b) any withdrawal made after the first Principal Payment Date shall be repaid on each Principal Payment Date falling after the date of such withdrawal in amounts determined by ADB by multiplying each such withdrawal by a fraction, the numerator of which shall be the original Installment Share specified in the table in paragraph 1of this Schedule for said Principal Payment Date (the Original Installment Share) and the denominator of which shall be the sum of all remaining Original Installment Shares for Principal Payment Dates falling on or after such date, such repayment amounts to be adjusted, as necessary, to deduct any amounts referred to in paragraph 4 of this Schedule, to which a Currency Conversion applies. 3 Withdrawals made within 2calendar months prior to any Principal Payment Date shall for the purposes solely of calculating the principal amounts payable on any Principa Pavment bate be treated as withdrawn and outstanding on the second Pnnapal Date following the date of withdrawal and shall be repayable on each Principal Payment Date commeS 4 the second Principal Payment Date following the date of withdrawal. Notwithstanding the provisions of paragraphs 1and 2of Currency Conversion of all or any portion of the withdrawn principal amount of the Loan t^ an AdS Curr^ the amount so converted in said Approved Currency that shal be reoavable on any Principal Payment Date occurring during the Conversion Period, shall b^ determined by ADB by multiplying such amount in its currency of denomination immediately nrior to said Conversion by either (i) the exchange rate that reflects the amounts of principal in Lid Aooroved Currency payable by ADB under the Currency Hedge Transaction rela^ng to said Conversion; or (ii) if ADB so determines in accordance with the Conversion Guideli . the exchange rate component of the Screen Rate. 5 If the principal amount of the Loan withdrawn and shall be denominated in more than one Loan Currency, the provisions apply separately to the amount denominated in each Loan Currency, so as to produce a separate amortization schedule for each such amount. 11 SCHEDULE 3 Allocation and Withdrawal of Loan Proceeds General 1 The table attached to this Schedule sets forth the Categories of items of expenditure to be financed out of ttie proceeds of tlie Loan and tlie allocation of hej-oan prLeds to each such Category ("Table"). (Reference to "Category in this Schedule is to a Category of the Table.) Basis for Withdrawal from the Loan Account 2 Except as ADB may otherwise agree, the proceeds of the Loan shall be allocated to items of expenditure, and disbursed on the basis of the withdrawal percentage for each item ofexpenditure set forth in the Table. Interest and Commitment Charges The amount allocated to the Category "Interest and Commitment Charges" is for financing interest and commitment charges on the Loan during the of the Proiect ADB shall be entitled to withdraw from the Loan Account and pay to itself, on beh^f oX Borrows the amounts required to meet payments, when due. of such interest and commitment charges. Reallocation 4 Notwithstanding the allocation of Loan proceeds and the withdrawal percentages set forth in the Table, (a) if the amount of the Loan allocated to any Category appears to be insufficient to finance all agreed expenditures in that Category, ADB may, in consultation with the Borrower, (1) reallocate to such Categoij, to the extent required to meet the estimated shortfall, amounts of the Loan which have been allocated to another Category but, in the opinion of ADB, are not needed to meet other expenditures, and (ii) if such reallocation cannot fully meet the estimated shortfall, reduce the withdrawal percentage applicable to such expenditures in order th further withdrawals under such Category may continue expenditures thereunder shall have been made; and (b) if the amount of the Loan allocated to any Category all agreed expenditures in that Category. ADB may. the Borrower, reallocate such excess amount to any other Category. ^ rtichurgpmftnt Procedures 5 Except as ADB may otherwise agree, the Loan proceeds shall be disbursed in accordance with the Loan Disbursement Handbook. 12 Schedule 3 Retroactive Financing e. Withdrawals from the Loan Account may be made to finance eligible expenditures incurred under the Project before the Effective Date, but not earlier than 12 months before the date of this Loan Agreement in connection with items to be retroactively financed, subject to a maximum amount equivalent to 20% ofthe Loan amount. 13 Attachment to Schedule 3 TABLE ALLOCATION AND WITHDRAWAL OF LOAN PROCEEDS Total Amount Allocated for ADB Number Item Financing (€) Basis for Withdrawal from the Loan Account Category 1 2 3 4 Works Construction Supervision Capacity Building and Project Management Support Interest and Commitment Charges TOTAL 224,730.000 75.86% of total expenditure claimed 9,361,000 100% of total expenditure claimed 1.991,000 100% of total expenditure claimed 19,215,000 100% of amounts due 255,297,000 14 Schedule 4 SCHEDULE 4 Execution of Project; Financial Matters Imnlementptinn Arrangements 1 The Borrower, through the Project Executing Agen^^ and Implementing Anpnrv shall ensure that the Project is implemented in accordance with the detailed aranaements set forth in the PAM. Any subsequent change to the PAIVl shall become effective only after approval of such change by the Implementing Agency and ADB. nthe Srepancy between the PAM and this Loan Agreement, the provisions of this Loan Agreement shall prevail. Procurement 2 The Borrower, through the Implementing Agency shall ensure that: (a) the procurement of Goods, Works and Services is carried out in accordance with the Procurement Policy and the Procurement Regulations; and (b) Goods, Works and Services shall be procured based on the detailed arrangements set forth in the Procurement Plan, including the procurement and selection methods, the type of bidding documents, and ADB's review requirements. The Borrower may modify the detailed arrangements set forth in the Procurement Plan only with the prior agreement of ADB, and such modifications must be set out in updates to the Procurement Plan; and (c) (i) all Goods and Works procured and Services obtained (including all computer hardware, software and systems, whether separately procured or incorporated within other goods and services not violate or infringe any industrial property or intellectual property right Goods, Works and Services contain appropriate ^epresen ations warranties and, if appropriate, '"^emnitles from the contracton consultant or service provider with respect to the matters referred or claim of any third party; and (ii) all contracts for the Procurem^ this subparagraph. 3. The Borrower shall not award any Works contractwhich involves environmental impacts until: (a) the appropriate authority of the Borrower has granted the final approval of the ElA; and (b) the Borrower has incorporated the relevant provisions from the BMP into the Works contract. 15 Schedule 4 4. The Borrower shall not award any Works contract which Involves Involuntary resettlement impacts until the Borrower has prepared and submitted to ADB the final RP based on the Project's detailed design and obtained ADB's clearance of the RP 5. The Borrower, through the Implementing Agency, shall ensure that, in respect of each discrete portion of the Project Road, all land acquisition and resettlement activities, including all payments of required compensation and entitlements, and satisfaction of all requirements andactions set out in the RP, are completed and certified as such by the external monitoring agency referred to in paragraph 12(c) ofSchedule 4 tothis Loan Agreement before any construction commences on such portion and before any notice to proceed is issued for such portion under the Works contract. For the avoidance of doubt, the term "portion" as used in this paragraph means any portion ofthe Project Road, and construction may commence on such portion and a notice to proceed may be issued for such portion provided that all land acquisition and resettlement activities have been completed and certified as described in this paragraph. Environment 6. The Borrower, through the Implementing Agency, shall ensure that the preparation, design, construction, implementation, operation and decommissioning of the Project and all Project facilities comply with (a) all applicable laws and regulations of the Borrower relating to environment, health and safety; (b) the Environmental Safeguards; and (c) all measures and requirements set forth in the EIA, the EMP, and any corrective or preventative actions set forth in a Safeguards Monitoring Report. Land Acquisition and Involuntarv Resettlement 7. The Borrower, through the Implementing Agency, shall ensure that all land and all rights-of-way required for the Project are made available to the Works contractor in accordance with the schedule agreed under the related Works contract and all land acquisition and resettlement activities are implemented in compliance with (a) all applicable laws and regulations of the Borrower relating to land acquisition and involuntary resettlement: and (b) the Involuntary Resettlement Safeguards; and (c) all measures and requirements set forth in the RP, and any corrective or preventative actions setforth in a Safeguards Monitoring Report. 8. Without limiting the application of the Involuntary Resettlement Safeguards or the RP, the Borrower, through the Implementing Agency, shall ensure that no physical or economic displacement takes place in connection with the Project until: (a) compensation and other entitlements have been provided to the (b) a comprehensive income and livelihood restoration program has been affected people in accordance with the RP; and established in accordance with the RP. Indigenous Peoples 9 The Borrower, through the Implementing Agency, shall ensure that the preparation, design, construction, implementation and operation of the Project comply w'th (a) all applicable laws and regulations of the Borrower relating to indigenous peoples: (b) the 16 Schedule 4 Indigenous Peoples Safeguards: and (c) all nfieasures and requirements set forth in the IPP, and any corrective or preventative actions set forth In a Safeguards Monitoring Report. Human and Financial Resources to Implement Safenuards Requirements 10. The Borrower, through the Project Executing Agency and Implementing Agency, shall make available necessary budgetary and human resources to fully implement the EMP and the RP. Safeguards - Related Provisions in Bidding Documents and Works Contracts 11 The Borrower, through the Implementing Agency, shall ensure that all bidding documents and contracts for Works contain provisions that require contractors to: (a) comply with the measures relevant to the contractor set forth in the EIA, the EMP and the RP (to the extent they concern impacts on affected people during construction), and any corrective or preventative actions set forth in a Safeguards Monitoring Report; (b) make available a budget for all such environmental and social measures: (c) provide the Borrower with a written notice of any unanticipated environmental, resettlement orindigenous peoples risks orimpacts that arise during construction, implementation or operation of the Project that were not considered in the EIA, the EMP and the RP: (d) adequately record the condition of roads, agricultural land and o^er Infrastructure prior to starting to transport materials and construction: and (e) reinstate pathways, other local infrastructure, and agricultural land to at least their pre-project condition upon the completion of construction. Safeguards Monitoring and Reporting 12. The Borrower, through the Implementing Agency, shall do the following: (a) submit semi-annual Safeguards Monitoring Reports to ADB during the construction of the Project until its completion, and, thereafter, submit annual reports to ADB during its operation, and disclose relevarit information from such reports to affected persons promptly upon their submission; (b) if any unanticipated environmental and/or social risks and impacts arise during construction, implementation or operation of the Project that v^re not considered in the EIA, the EMP and the RP, promptly inform ADB of the occurrence of such risks or impacts, with detailed description of the event and proposed corrective action plan; 17 Schedule 4 (c) no later than the date of submission by the Borrower, the Project Executing Agency or the Implementing Agency, as the case may be, to ADB of the technical bid evaluation report for the Works contract, engage qualified and experienced external experts or qualified non government organizations under a selection process and terms of reference acceptable to ADB, to verify information producedthrough the Project monitoring process, and facilitate the carrying out of any verification activities by such external experts; and (d) report any actual or potential breach of compliance with the measures and requirements set forth in the EMP or the RP promptly after becoming aware of the breach. Prohibited List of Investments 13. The Borrower, through the Implementing Agency, shall ensurethat no proceeds of the Loan are usedtofinance any activity included In the list ofprohibited investment activities provided in Appendix 5 of the SPS. Labor Standards. Health and Safety 14. The Borrower shall ensure that the core labor standards and the Borrower's applicable laws and regulations are complied with during Project implementation. The Borrower shall include specific provisions in the bidding documents and contracts financed by ADB under the Project requiring that the contractors, among other things: (a) comply with the Borrower's applicable labor law and regulations and incorporate applicable workplace occupational safety norms; (b) do not use child labor; (c) do not discriminate workers in respect of employment and occupation; (d) do not use forced labor; (e) allow freedom of association and effectively recognize the right to collective bargaining; and (f) disseminate, or engage appropriate service providers to disseminate, information on the risks of sexually trarismitted diseases, including HIV/AIDS, to the employees of contractors engaged under the Project and to members of the local communities surrounding the Project area, particularly women. -15 The Borrower, through the Implementing Agency, shall strictly monitor compliance with the requirements set forth in paragraph 14 above and provide ADB with regular reports. Gender and Development 10. The Borrower shall ensure that the principles of gender equality aimed at increasing Project benefits and impact on women in the Project area are followed dunng implementation of the Project. These include (a) equal pay to men and women for work of equal value; (b) enabling working conditions for women workers; and (c) taking necessary actions to encourage women living in the Project area to participate in the design and implementation of Project activities. 18 Schedule 4 Counterpart Support 17. The Borrower shall ensure that the Project Executing Agency and Implementing Agency, respectively, have sufficient funds to satisfy their liabilities, and price and physical contingencies arising from any Works, Goods and/or Services contract. Operational/Sector Performance Covenants 18. The Borrower, through the Implementing Agency, shall ensure that: (a) the Project is implemented In accordance with design specifications and constructions norms; and (b) construction supervision, quality control and contract management are performed in accordance with international standards. 19. The Borrower, through the Implementing Agency, shall ensure that: (a) appropriate safety signs and facilities are installed in and around the site of the construction and such signs and facilities are maintained throughout the period of construction and until completion: (b) specific provisions regarding the installation and maintenance of the safety signs and facilities referred to in subparagraph (a) are included in the relevant bidding documents and contracts; (c) throughout the term of this Loan Agreement, accident rates and traffic volumes on all roads constructed and/or maintained under the Project are regularly monitored, to help ensure compliance with all applicable laws and regulations of the Borrower relating to road safety, and appropriate remedial actions are taken in case of non-compliance; and (d) adequate budgetary and other resources are allocated and promptly provided for the operation and maintenance of all roads constructed and/or maintained under the Project. 20. The Borrower, through the ProjectExecuting Agency or Implementing Agency, shall keep ADB informed of theBorrower's policies on the road sector that may materially affect the economic viability of the Project. 21. The Borrower, through the Implementing Agency, shall ensure that appropriate safety signs and facilities are installed during implementation and regularly monitor the traffic volume and accident rate. 22. The Borrower, through the Implementing Agency, shall ensure that ADB's written consent is obtainedat least 6 months prior to the implementation ofany of the following: (i) any change in ownership of any asset, facility or structure financed under the Project; (ii) any sale, transfer, or assignment of interest or control in any asset, facility or structure financed under the Project. The Borrower shall ensure that any such changes will be carried out in a legal and transparent manner. 23. The Borrower, through the Implementing Agency, shall ensure that: (i) the Project Road is included in the Borrower's road asset management system by 31 August 2021 19 Schedule 4 and adequate budget is allocated for its operation and maintenance; and (ii) the Project Road is operated and maintained in good condition and meeting the national standards for the corresponding functional class, including close monitoring of pavement performance and prompt engagement in remedial works to be financed from its own resources. 24. The Borrower shall ensure that upon ADB's request, the Implementing Agency provides ADB with interim unaudited financial statements for the Project, with such statements to include the budgeted, actual and variance amounts of expenditures (current and cumulative amounts) for the Project. Grievance Redress Mechanism 25. The Borrower, through the Implementing Agency, shall ensure that a safeguards grievance redress mechanism acceptable to ADB is established in accordance with the provisions of the EIA and RP to consider safeguards complaints. 26. The safeguards grievance redress mechanism referred to in paragraph 25 above shall function to (a) review and document eligible complaints of Project stal<eholders; (b) proactively address grievances; (c) provide the complainants with notice of the chosen mechanism and/or action; and (d) prepare and make available to ADB upon request periodic reports to summarize (i) the number of complaints received and resolved; (ii) chosen actions; and (iii) final outcomes of the grievances. Governance and Anticorruption 27. The Borrower shall, and shall ensure the Project Executing Agency and Implementing Agency (a) comply with ADB's Anticorruption Policy (1998, as amended to date) and acknowledge that ADB reserves the right to investigate directly, or through its agents, any alleged corrupt, fraudulent, collusive or coercive practice relating to the Project; and (b) cooperate with any such investigation and extend all necessary assistance for satisfactory completion of such investigation. 28 The Borrower, through the Implementing Agency, shall ensure that the anticorruption provisions acceptable to ADB are included in all bidding documents and contracts, including provisions specifying the right of ADB to audit and examine the ""©cords and accounts of the executing and implementing agencies and all contractors, suppliers, consultants, and other service providers as they relate to the Project. 29 The Borrower shall cause the Implementing Agency to disclose on its website information on (a) bidding procedures, bidders and contract awards: (b) the use of funds disbursed under the Project; (c) the physical progress of the Project; ^®9uard^^^^^ including any environmental and/or social safeguards plans required to be prepared for the Project.