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LOAN NUMBER t4O2.CE Loan Agreement (fhkd Sccondary atrd Locll Roed3 Proiect) batrcch GEORGIA rnd INTERNATIONAL BANK FOR RECONSTTU C.TION AND DEVELOPMENT D.t.d Ju/y t ,20r4 LOAI III,MBER t4O2€E LOAN AGREEMENT Agr.cmcnr dsrcd Jl, (* 3 , 20t4, bcrwcen cEoRctA C B-onowcr,) and rhc TNTERNATToIfAL BANK FoR DEVELOPMENT (..Bant'). Thc Bormwc. snd rhc ARTICLE I tO' necoils;riuliiori r-ni8 ^''" a-I h*Ui "8.. * ;i"J", - GENEML CONDTTTONS; DEFTNITTONS Crrdirions (es. dcfincd in rhc Apprndix to this Agrccm.nr) I-"^.,9T":', oonslltutc an tntctrll part of this Agrccmcnt. 102. Unless thc. cont.rt rcquirEs olh.rwisc, rbc cspitalized tcrms uscd 'OrJirtriin this AgrE mc.rt.tevc (hc rEceniogs $crib.d ro thcrn i,i ,t. C_".f o, i" mc Appcndrr ro thia AgrE.rlt t. ARTICLE II _ LOAN 2.01. Th! Be.nI e8rccs to lend to lhc Borrowcr, on thc tcrms snd conditrcns set forth or rhis Agrc€mcnt, rhc amounr of scvcnty five miltron Tg*d_p-,1 ,r;i;jl;,; dollars (USS75,OO0,0OO), as such amoun! may bc th-rough a Cunacy Convcnion in rccordarrcr with f,o. ti." io ri." p.*"i"*ifi*ir"" ) Oi "or,",r"a rh" ngr*T3l (,.l.an.), ro rsrisr io faanciog'rhc ;;;; :1,6,". scncdut. I lo urt! Agrcrmcnt (..projc.!). Jei}il;; 2.02. The Borrowcr mly withdraw rhc procceds of rhc Loan ln accordance wuh Scction IV ofSch.dule 2 to this Agrccmcnt. 2.03. The Froni-.nd Fcc payable by Ae Borrowcr shall bc cqurl to onc quarlcr pcrccnr (0.25%) oflhc Loen amounr. 2.04. The intcrEst psylblc by thc BoFowcr for .ach IntcrEsl pcriod shall be al ofonc a r.tc for thc Loall Curency plus the Variable Sprcad; ion of!llor atry portion ofthc principalamounr of by lhc Borrowq during thc Coavcrsion p.riod on ncd in ac.ordancr wilh lhc rElcvant provjsions of Adiclc IV of lhc ccncrat Conditions NotwiUlslsndin8 m" fo."jo;g, if u"y amount of thc \uilhdrawu I,oarl Balancc rcmails ullpaia *frcn a* ira iu"tr non'paymcnl continucs for_a period of thrrty days, thcn lhc intacsl payable by tha uorrowEr shall instcad bc calculatcd as provided in Sccrion j.Ol 1e1 oi rnc Cereral Conditioo!. 2.05. Thc Paymcot Darca .rE Jutrc I 5 ard Dcclmbci I-5 in c{ch ycar. 2.06, Thc principal anount of thc Loan shall bc rcplid in rccordancc \rirh lhc emoni2arion s.hcdulc set forth in Schcdulc 3 ro rhis Agtcrmcnt. 2.07. (a) oubtandin8 from a Variablc REtc (o a Fixcd Ratc, or vice vcrsa; or (B) all or lny porlion of lhc principal anount of thc toen withdrawn snd outstandinB from a Variablc Rar. bised on a Rcfcru:c. Reta :nd th. Variable Sprcad to a Variable Rste based on a Fixcd Refcrcncc Rere and lhe Variabl. Spreid, or vicc vcrsa; or (C) all oflhc principal smount o[ the Loan wiftdravn and ourslanding frorh a Vrriablc Rate btscd on r to on ponion Veri$lc Sprcad prcad; and (iii) thc scriing oflimib Rat. applicablc to .ll or any an withdrawn .nd oubtanding by lhc 6tablishmmt ofan lnrc(6t Rstc Cap or IntcrE$ Rrtc Collar on thc Variablc Ratc or $c Rcfcrcncr RatE (b) Any conversion requcslcd pursuant to paragraph (a) of this Scdion that rs acc+tEd by the Bank shall bc coostdercd a "Convc6ion", ss defincd in the Gcncrrl Conditions, altd shell bc cfrectcd in accordencc wilh thc provisions ofArticlc IV ofthc GcncralConditions rnd of thc Conversion Cuidclincs. (c) Promplly following thc Exaclrtion Daic for en Int d.sr Ratc Crp or Intcr6t Ratc Collar for which th€ BorIowcl has rEquostcd thal rhc prcmium bc paid oui of lhc procllds of thc lran, th! Bank shall. on bch.lf of thc Borrowcr, withdrav from thc Loan Accourt rnd pay to iticlf tL. amounts rcquircd to pay .ny prcaium pareblc in sccordrncc wilh Sccrion 4.05 (c) of thc Gancral Conditions up to thc amounr allocatcd from tinc to timc for thr purpose in 6c table in Seation IV of Sch.dulc 2 ro lhis Agrcrmcnr. A-R,TICLE III - PROJECT 3.01. Thc BoEower dccl&cr its caEtrnitmcni to thc obj..tivcs ofrbc prcject. To this and, thc Bonowcr shall cerry out thr ProjcEt in .ccod&cr with thc provisions of Articlc V of thc ccncnl Condilions. 3.02. Wilhout limiration upon thc Fovisions of Scction 3.Ol of this Agrrcmcnt, and crc.Tt es thc Bonowtl .nd lhc Brok shall oth€rwilc sgra, thc Bonowcr shall -2- projcct is crrri.! out in accordanca with th. povilions of Schcdulc 2 ro thi! AgrccrucoL ansuc _th!r thc ARTICLE IV- EFPECTIVENESS; TERJTiINATION 4.0 I . f Effccdvcn.ss concisB of thc followinS, nlmcly th.t io thc Blak thc hoi!4t's OpcBtioE Manurl ifl form thc B!nI. 4.02. Thc Ellctrivcllrs! DcadliDc is rhc datc orc huDdEd lnd twcnty (l2O) dly3 lncr tha dllc of this Agrttmcnt. ARTICLE V -REpRESEI{TATM; ADDRESSES 5.01. Thc Borowcr's Rcpruenhrivc is th. MiDistcr of Firrncc. 5.02. Thc Bonowcr's Address is: Minist y ofFinaDcr 16 coqstali Src.t 0l l4 Tbitisi Gcorgra Facsimilc: 995-32-2261461 5.03. Thc Bank's Ad&ers is: Inrcmational Bank for R.lonstsuction and Dcvclopmcnt l8lE H SEecr, N.W. Washin8ton, D C. 20433 Unitcd Slalis of Amcrica Cablc addles: TclEx: Facsimilc: INTBAFRAD 24E423(MCI) or t -202417 -639t Wishingron, D.C. 64r4s(MCr) -3- AOREED al Tbili6i, GeoBis, ,s of th. dly and yclr firs! abovr wriltcn. GEORGIA By Rcprcscnrativc Namc: iU o DA 2 tal,t AD Lr P. I TitJ.; HtNtST EP, LtI TINANCe INTERNATIONAL BANK FOR RECONSTRUCIION AND DEVELOPMENT By N".", $ElB{ keRAU ri c: QGIOAT&- Bl P€cfOA SCMDULE r projcct D.!crip[or Thc objcctiv.J of thc proj€.t arE to rcduc. traD.lport costs on prcicat . mads and rnpovc lnc sustlinlbility oflhc second!ry and locsl rood rssct managtrmnt Tha Projccr consisis ofthc following pans: Pirt A: Rchabilitation ald improvcm.nr of sccondarv ,od locrl roadt I . Rchabilibtion 200 kE of s.cordary ad local rords. (b) sbout l4Z k;; includins: (a) about 5 inctudint I 5 tln of rhe "i,;;;;; 2. Prcprring dcr6il.d dcsigns of abour I I 0 kn of roads and conductine conskuciion lupcrvi6ion and quality &rsunnc! serviccs ,r all civil wo*s fu[nccd under-lhc proj.cl l. Prcparation of dcsigns rnd supporriDg studics for fulult tranlpon projccts. Part B' Manaqcment L Capacity buildiog of MR.DI lo providc tccbnical ovErsitht iD local ,oads assct m.nagcmcnt through thc prcvision of consulhnts' scrviccs, lod T;ining. 2. C.rryint out s study to dcicrminc th€ fesibility of Diloting local roa& routjnc maintlnsnca usinS s micro-cnlcrprisin8 approach though tti provi-sion . ofconsrttansi 3' , Slrargthcning. capaciry of RD in: (r) projccr mr'lltcmcnt and of goods, mplcmcntalion; and (b).lhc sc.oodary roads m&ageman! thrcugh thc poviri-oo oonsullenb' srrviccs, 6nd Training 4. Instibjtion6l suppo( to TRRC rclatEd lo projcrt finurcial minagcmcn! rnd tudits lhrough thc pmvisron of coEsult!.ots, services. Psrt C: Road Safctv Tcchnical AssiElarcc Dcvcloping snd impl.mcnting road safc through: (l) lh. implcmcnlrtion ofadditional ro lidcwelk , pcdcstrian crossiDS, installation of li8hls nalr schoots snd othcr public placcs oulsidc rhc scopc of rchsbilitlrion or wo*s;.(2) ducaton and publiciry c&trpaign brBctitrg rcsidcnts livinS TI.-r,*.11 arcnt tncsc thEc locel roads and other road uscrs; aDd e1 crrhancing tcc_-hnicet capecity 5 ii ffi"fr 'fl #J**,ff#|"';:H,ilffi ",r3*':ffi T:f nffj",..s"n",*oon*, -6- SCHEDULE 2 prcJ.ct Er€cutlon S.calor l. lIphmrntidon ArrrnE tD.oh A, InsdtultonilArr6ng.m.nb L cery ou hc poiccl, rhrough th. RD, wirh dur drliscnce and coofonniry with lppropriarc .dminisrrarivq ;nancietutility, covironmcllal prrcticcs sod in rmordancc wirh th; md shall provrdc $c RD with thc rcsourcrs ard stafr oecssary for imptcmc irS lhc prcj..r. Tbc RD sha bc rcsponsiblc foi rhl ovcrall coordinstion md ovcEighr of thc projccr implchentation_ 2. By not larcr rban onc month ,s of tic Eff.ctivc Ostc, thc MRDI, RD and TRRC rhaU duly amcnd thc projcd ImplcmenrstioD Agr!€ment lb, ih" sctting forrh rhe obligarions of rhc p.rties rhcrr-o in rctrrion rc'rfrj ";-;-;; pL-t*i implcmcntltioo in a mrrula satisfactory to thc Bml- punuant to thc tcris-'rJ conditions ofthe prcjrct Implcmcnrition Agrccmcnt, $e RD 6hall be asistcd i; Project-rclatcd fnsncial rhanagcm.nr snd disburscmcni by Oc TRRa.' ih; Eoriowe. shall: (r) rnaint in thc TRRC wirh tcrms of r.fercnce. rcsourccs and staff ncccssary for propar kojact implcnEnlatroo and salisf"c@rv lo rttc BJ and (b) rcquirc TRRC lo carry out thc finrurcial ,"r"g"r"nt di.bur."r"n, ror the prq.ct in accordrncc with thc proicct Implcmcnlsrion Agrecment. "rj 3. During Project idplcmcntrlron, tlc R.D shall mainbiD the FpU with tcrms of crs$ry for propcr projcat implcmcnlation and RD in projc.(-rcleted procurcmcnt. moniroflng ng. 4. Thc Borr-owcr shall pcrmit the usc of sraffhrds for corlst uction, planning and dcsign of roads adoprcd by thc Eumpran Union 1in adOirion io ttre naionat slandards), acreptablc to thc Bank, in tht dcsign, construction and maintcnaice ofroad works und.r lhc projcct. 5. The.Bofiowcr sha.tl cnsurc thar adequatc budtctary resources lrc mrdc availablc ror the protccl io thc Borlower's annual budgct for the duration ofthe pro.jccl. 6. The 8orlowc( shall c{uta TRRC ro maitrtain a fiDancial audiror rcfcrencc and conditions satisfactory io rhc Bank ,l urde, terms of B. Artl,Corrupdon Thc Sorowll.shell cnlurc thel thc proj€ct is cardcd out in accord.nc! with thc provrsrons of thc Anti-Cofiuption Guidclincs. c. Saf.gu.rds L accordmcc with tha Borowcr shall nol nd/or R} p(s) or lny 4 ,8- implcmcnt thc dctcrminaiions mrdc uldcr such Bricvancc Drocedurcs: fc) throuth RD, cmploy ! rcscnlcmcnt cxpcrr, salilfacto.y ro rhc g-L io cr !rcsr rcvicw of rhc inplerDcnhtion of rhc RJAps; (d) throrgfi RD, "oii"'"r),i fumish promplly to thc Bark thc findin$ and Gco.maraaiioni fo, f;llo*lr r"rii. ntulting from G3ch such rcvicw; and (c) rluouSh m, implcrncnt att suctr rccomm€ndalions for follow up Ection as arc agr.cd with thc Bark. S.rtlon II. Proi.ct Monitorine Rcportinq.nd Evslu.tion Prol.ct Reporg B. Fin.ochl Marrg.mcEg Financiil Reports and Audits I. Thc Bonowcr shall moitrtain or c.usc to bc rhaintaincd, a financial mrnrgcmcnt syslcrh in accordancc with thc provisions of S@tion j.Og of thc dcncnl Condilions. 2 Thc Borrowcr shall clusc TRRC ro pr€parc and fumish uo rhc Bank not latcr rhan forty fivG (a5) days ancr the end of emh calendar srmcstcr, interim unauditcd financral reports for thc Projecr covcrinS thc sancsrcr, in form and subshncr satisfectory to rhc Brnk. 3 The Borrower shall havc th€ projcct Financial Stetcmcnts auditcd in sccordancc S.ciion IIt. Procur€merl Gchrrrl l. 9 Co bcb th rhc Gu B, nl P.rtlculrr Methods of Procur€mcnt of Goods. Works rnd Non-.nn!ulli.o S.rvlce! I Intcrnru z Dcrow, contrlcts Exccpt !s oh.r.ri isc pmvidrd in plragraph nsuliing scrvices shalt bc procurcd under matronal Compcritivc Bidding. 2 Procureroent Method (8) National Co fonh in hclow: (i) 'Open compctirivc proc€durcs" (i.c. ..public r.ndcr") shall b. lhc default rulc. A 6ingle cnvclope proccdurc shall br uscd for lh. lubmission of goods, works, or non-consultjng srrviccs. (iD Invilations ro bid shrll bc advertised in al leest onc widcly circulat d natioDsl daily nfwspaper allowing a minimum oi thiry (30) days for thc prcparation and submission of bids. Advcrtisrmcnls publishcd in forcign tangurtc ncws?rpcrs shrll bc iD camplietrcc with such e 30-day-minimum in numhr of days for bids prrpeotion !!d submission. (i,0 Bidding shall Eot b€ rcsrdct€d to p.c-registcrcd firlrls. If @gktsetion is rEquir.d, it sha not bc dcnicd ro cligibtc biddcrs for rr5sotrs urrclet.d to thcir capacity r[d rcsources lo sncclsstully pcrforl'l rhc contract (c,9., mandatory membcrship in orofcssional organizatioos, classi6cation. etc) posa -t 0- Prmurement Method quatifi carion shal bc conauctca o,crfrTuTibiio-iElfrf capabltlty irnd relourccs to succcssfully pcrform thc contract. (vi) Bids shall bc opcnld in pubtic, imDcdiarcty after thc dcadtinc for submission of bids. Biddcr,s rcprcacdalivG shall be pcrnittrd to ancnd thc bid opcniDg. (vii) Exhsio! of bid vahdity shall bc rllowcd oDcc oDly fo. nor morc than thirty (30) drys. No tunhcr crtcnsionc ahoutd bc rcquestld wifioul thc pio. approval ofrhc Bank. (viii) Evaluatio[ of bids sha]l bc bascd on quentifiabtc crircrir cxprcsscd in moDeBry GrrN si dcfucd in lhc bidding docum.DB, no nsrit point systam .nd no dom6tic prcfcrq; shall be uscd in rhc cvaluatio! of bids. ConFacts shsll bc awardcd to qu.lified biddcrs having submitt d thc lowei cvaluatad substintjdly rc.sporLrivc bid snd no ncgotiations shall be cardcd out prior to conkact awErd. (ir) Civil worlc contrects of long dunrion (c.g. rnore rhsn aiphtccn (18) monlbs) she conrain an .ppropriarc price rdjwirmcnr clausc. (x) rcjcc ?slim rejcctcd No bid shall bc highcr than thc shall nol be pnor concunencE -n- s rhat thc bid pricc is rocuremenr. bids d without the Bank.s i Procurem€nt M€lhod (b) Shoppins (c) DiEct Contrecring c. Psrtlculrl Mclhod! of Procurcm.nt ofCon!ultrnt3' Scrvlce. t. Qu.lity- .nd Cort-bried S.l.caro!. Exccpt .s othcrwisc provided in pangraph 2 brlow, coDsultsnts' serviccs shdl be procuEd und€r conlracb awadcd on thc b6sis ofQuality rnd Cost-based Solrrtion. Olhlr Mctiod! of ProcurcmcBt of CoNulltnb' Se-iviccr. Thc tollowing teblc spccifirs thc mcthod6 of procuEhcnl" othcr than Quality snd Cost-bss.d Sclcction, which mly bc uscd for coEultants' scrviccs Thc Procuremcnt Plan shall spccify lhc circumsl.anccs undcr which such mcthods mly bc uscd: Procurem€nt M.lhod (a) Qu.lity-BrsldSelcction (b) Sel€ction undcr a Fixed Budget G) Lcist Cost Selcclion (d) Sel€.tion Bascd on Consultents' Qualifi cations (€) Singlc-Sourcr ScleclioD of cansulting fi rms (f) Proc.duras 6cr forth in pangraphs 5.2 and J.3 of thc Consultant Guidclines for lhc Selcction of lndividua I Consu ltanls G) D. Sintlc-sourc. prcc.durt! for thc Sclcctiod of Individual Consullrnts R.vLw by lh. B.[k ofProcur.m.trtDecLlona Thc Proculrmcnt Plan shall set fonh thos. contrac6 which shell be subj.rt lo rhc Brnk'6 Prior Rcvicw. All other conEacls shall b€ subjcct to Post Revicw by the Banl. -tz- S.ction IV. A. Gancral Withdrnwrl ofLoan proc.cds L 1t1Cooas, Perccntrge of Amoonl oflhe Lozn Allocrted Etpendlturca to bc (erpr€ss€d in USD) (inclu!iv. ofT.res) finsnccd *o*r,;;; consulting servicls, atrd con,ulEnts,scrvicc!, Training and lDcrcm.ntel Opcating Cosir fo, rhc Projtct (2) Fronl-cnd Fcc Amount payablc purcuaii lo Scction 2.03 ofthis Agrccmcnt in accordance with SecrioD 2.07 (b) ofthe Gcncral Conditions (ll lnrercst ni- cilii Amount duc pursuant !o Sccrion 2.07(c) ofthis Agrecment Intcrcst Rate Colla. -t3- B. Wilhdr.r.l Cordltiotrt; wlthdnw.l Pcriod L Notwirhshnding thc provisions of Part A of this Scctioo, no withdrawil ahall bc mrdc foi payrn.nts rnsdc prior @ thc dltc of thi3 AgEcmcnt, .xc.pt that withdrawali up to r.n ag&r8atc .mounl Eot io cxcr.d t 1,600,0q) .qu ivalcnt may bc medc for payrncnB nsdc prior to lhis drtc but on or sfrer May 7, 2014, for Eligiblc Expcndituras ud.r Citctory (l) Thc Closing Drt i. Scpicmbcr 30,20IE - 14- SCHEDI'LE 3 Ardor0rrdoD Sch.dulG l. Installment Shire (Erpressed ,s r percentagc) Prin.iprl P.yment Dat€ On each June 15 and Dct-c EiB BcgiMing Dca€mbcr 15, 2024 through Dccrmbcr I 5, 2038 On Junc 15,2039 -15- smounts rcfcrred to in pete8raph 4 of this Sch€i'r16, to which e Currcncy Conv.Eion rpplics. 3. (!) AmounB oflhc Loan wlhdrawn within two calcndrr months prior to eny Priocipll Paymcnt Datc shell, for thr purposcs solcly of cdcul ing thc principrl rmounr6 psy.blc on any Principal Paymcnt Datc, be trcatcd ss wilhdllwn end oulstandiru on thc a.cond Principrl Paymcnt Drte following tbc drtc of withdrE*il ind shell bc rcpayablc on cecl| PriDcipal Paym.ot DatG comm.trcinS wilh lhe sccond Princip.l Prymcnt Datr followin8 thc datE of withdrswl|. at any timc thc Bsnk dopts a duc datc billinS systlm undcr which invoic6 arc issu.d on or afrcr lhc rcspc.tivc Principel Paymcnt Oslc, Oc provisions of iuch sutspsragraph shall no longcr apply lo any withdrawals madc 6flcr thc adoption ofsuch billing systcm. Notwilhst ndinS thc provisions of paragEpk I and 2 of lhis Sch.dul., upon a Currcncy Convcrsion ofsll or any portior ofthe Wilhdnwn Loan Balancc lo an Approvcd Curltncy, Ulc amount so convcrlcd in thc Approved Currency lhrt is r.peyablc on eDy Principal Psymcnt Dstc occurring during the Convrrsion Pcriod, shall bc dctermincd by the BarI by muttiplyinS such amount in ils cuncncy ofdcnominadon imm?iialcly prior lo lhc ConvErsion by cithcr (i) thc cxch..E8c rrrc thrl rEflccts thc llDouEts of pdncipal in thc Approvcd Cuncncy pyablc by lhc Bst* urdcr thc CuEncy Hcdge Transaction rclaling to lhc Convcrsion; or (ii) ifthc Brnk so detcrmine in eccordancc with lhe Convcrsion Gui&lincs, thc cxchan8c ratc composcnt of thc Screcn Ralc 5. Iflhc \Yiihdrsw, Loan Balancc is daomioaEd in moic than onc lran Cuncncy, thc provisio$ ofthis Schedula shallapply scparatcly lo thc amount dcnominal€d in cach [ran Currcncy, so as lo producr a scparate amorli?rtion schadula for crch such amounl -16- APPENI,IX D.lirldotrt L "Ouidclincs on Prcvorting .nd Finaoc.d by IBRD Lornt snd IDA Dd rsvis.d in Jtnury 2Ol L "Otcgory" mcans r cstcgory 6rt forth h drc llblc in Sccdon lV of SclcjuL 2 !o thir A8rE€mcDr 'Consultant Cuidcli&s" narrls thc ..Gui&lincs: Sclcction rrld Employmcnt Consultrnts undcr IBR-D Loans aod IDA Crcdils and crsnt6 Uy iVoifJ Bonow€rs" dat d Jatrulry 2Ol l. of e"* 5 6 7 "FPU" mcaos Uc Forcign projcctr Uait Ilfltred ro utrdc. prIt A,3 of Schcdulc 2 to this AgrE mcnt. Sc.tion I of "Genrral Conditiols" mcins thc ,,IntcrartioDal BeDk for Rccorskuction rnd Dcvclopmcnt Gencral Conditions tor toans., dat.j MarEh 12,2012. 9 -t7- lnd publistion, Uans loc.d tr.vcl coaB and , banl charScs, cquipmcnt ind 6upplia$ basld on thc t0. 'MR.D[' l'lcrns the BoEowd's Minislry of RcSioml Dcvclopmcnl rnd lnfarrtsucturr lny lcgal succGsor lhcreto. lt 'Opcrarions Manual" mcans thc Borrowcr's opcrdtions manull rEfcrrcd to plrt A. I of Scction t of Schcdulc 2 to ihis A8r.cmcnt as such manuel may bc updstcd from time to timc by agrcqncnt betwecn ihc Bonowcr and ftc Bsnk. t2 "Proc r.@c[t CuidcliEEs" mclns thc "Guidclinas: Procurcmcnt of Goods, Works and Non'corEulting Scrvicar unda IBRD lrlns and IDA Crriils and Gnnls by World B.Dk Borowcrs" dat d JaEu$y 20 I I , r3 "Procurcm?nt Plm" mralls the Borroweas procurcmcnt plan for the Projcct, drlcd Msy7,2014 and rcfcrrcd o in parsgaph LIE of the kocurcmcnt Guidclircs and Fmgraph 1.25 ofthc Co(sult ol Guidclincs, as th. samc sh.ll bc updded from timc lo limc in accordrDce with thc provisions ofsaid paragrrphs. l4 "Proj€.t Implcmcntation Agrccmcnt" means &c agrcement bctwcen lhe MRDI, RD 8nd tbc TRRC, dated Octobcr 29, 2013 ss amended pucuant to PaIt 4.2 o[ Scrrion I of Schcdule 2 to this Agr!€mcrt, acttrEg fonh thc obliBalions of rlc p.rti6 l}lc'do in iclation to thc Projcrt implcrDcnlation in a m6n d sati flcrory lo thc BanI. 15. or rrMPs" mcalls thc sitc apEcific rcsctdcmcnt action pla{s) sslisfsctory lo lhc Barlg (o bc prcparcd by thc BoIrowcr pursu.ot to Part C of Scation I of Sch€drlc 2 ro this AgrEmqnt, scttiDg our, inrl alia, th; prtnciples and obj.ativcs of lhc RAP, thc rffc.led pcrsons' eligibility crireria, comp. iation, assistsncc rlRAPli snd rehabilitation cnritlcmcnb, a5 well ss rhc monitorinS and rcpofling [rIAntcoents in coEfomity with the RrF 16. "RD" marns hc Borrowcr's Roa& Dcpsrtn nt of tha Mioiffy of Ragional Dcvclopmcnt and Infi-asfuctlr! r6poDsiblc for managing thc Bonowcr's roed nctwork or any lcgrl succcssor lhcrcto, ll 'RPF' m.ans thc Borrovcr's rescttlcmcnt policy ftamework, acccprable to tha Brnk dalcd April 16. 2014, and rEfentn !o in Pa C ofscction I ofschrdulc 2 lo this Agrrcmcn! d66t_bint thr policics, procrdwes, plans rnd acrioos (including thc r*ctdcmelt lction pla.E(s)), ard institurional mcEsur6 rcletcd to land ac4uisition rrd othd social impacts that may arisc during tbe project and othcr phascs r€htcd io thc Projcct, and sorisfaclory io the Bark. -18- t9 "TRRC" or 'Trlnsporr Transport conidor I-nvcs No N_ 16r, d";i;;[ thc Euresir otier Dccrcc -t 9-