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20 May 2015 Mr. Nodar Khaduri Minister Minrstry of Finance 16 v GorgasaliStr, Tbilisi, 0l14, Geoigia Tel No +995 32 226 14 44 Fax No +995 32 226 10 Eo Dear Mr Khaduril Subtect MFF No OO43-GEO: Sustainable Urban Transport lnvestment - Program Amendmenl lo F.amework Financing Agreement 2910 beYeel we refer to the Frame,rork Financing Agreement d!!ed ("FFA") ?1-J-u-le rnlo ln 1 enlered Ceorg'i ('Bonowef) and Asian Development Bank ('ADB') Urban Sustainable ('MFF') lor lhe tacility *nnEaioi, *itf, the multitranche financing iransport tnvestment program approved by ADB on 19 July 2010 dlscussrons.fl'{een to lhe MFF and changes Mav 2015 15 inJ iog, eoe .pproved on Further to lhe request of the Bonower dated 15Ap'il 2015 and 2 th" io;;;.;;i proposes to amend the FFA as follows: (a) The paragraph on'Avaitabil[y Period" ofthe MFF on o The "The last date July 2O2O page 3 ol the FFA shall be] under any kanche may be made will be 18 quest ("PFR') is exp€cted to be submrtted no later than 31 (b) The second paragraPh on 'Periodrc Financing Requests' on page 3 of the FFA shall be: 'ADB will review the PFRS, and if found satisfaclory' will prepare the relaled legal agreements,' 3 Save and excepl to the extenl set oul above' lhe FFA remalns unchanged and s Public Communications Policy ("PcP") onon disclosure ADB'S website , the amendments lo the FFA will be-posled removrng any date that the amerdments become effective afler in the PCP exceptions as specified by the Borrower A5IAI{ OEV'LOPMEXI IANX 6 aDg Av.nu., M..d. uYo^ECnY ,55o M.ro Mril., Pn'LPPrme 5 Please rndicate lhe Eorrowe/s concunence to the amendments set out in paragraph 2 above and to the terms ol this letter agreement by countersigning each of the lwo oflgtnal ol this letter agreemenl in the space indicatecl below Please retah one signed ongrnal ot this lelier agreemenl for your records and retum the other to ADB The proposed amendhenls shall take effecl on lhe date of receipl by ADB ol a sEned original of lhis leller agreemenl Y/urs sincer( Uo --, Klaus Gerhae Orreclor Gene A/c A B Accepted and agreed Confirmed that the amendments to the FFA do not contah information lalling within the PCP exceptions For and on behall ot Georgia Name, (t ;l o. oesisnation eLt l,1,ni>ler c Date: $ Ju,rt,

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SusEnapre uOa. Transoon hvesunenl prooram (RRp cEO 42414-Otl FRAMEWORK FINANCING AGREEMENT (GEO: Sustainable Urban Transport tnyestment P.ogram) Panies This Framework Financing Agreement (.,FFA") drt€d [iil Junel 2OtO ii betwGen Goo.gia and Aslan Oevelopment Bank (..AOB,,). MFF lnvogt nent Georgia is commined to and will implement improvement of urban transporl system in urban areas of Georgia The lolal cost ol the lnveslment program (to be rmplemenled from 2010 to 201E) is esttmated at $35j 63 mr ion equivalenl The total COS| of the entfe rnvestmenl requirements for the seclor over the period ol nexl 10 years ts estrmaled at around $t billion equrvalent Program The inveslmenl program will improve access to efficiont reliable and sustarnable urban lranspon for aboul 2 5 millon urban resrdenls rn Georgta ll will provide. as appropfiale largeted assrslance to munrcipaliltes ancl IVunropal Developmenl Fund of ceorgia (lVlOF) focusi.g on financra. manageral and technical performance The 'nveslmenl program willcompnse the followlng parts Component I Urban Traosport lnfraslructure lmprovement Road and bnclge constructtoo and urban habital and watertront tmprovemenl Pubhc transporl networl and Infraslructure rehabtlitatton and extension Mullimodal tacilities including parkrng and traffic managemenl I 2 3 Component ll lnslilulional Capacity Developmenl Componenl lll Program Management Facilrty Multi-Tranche F inancing Facility The Mullrlranche Frnancing Facilrty (lhe Facility or MFF) s rntended to finance proJecls under the rnveslmenl program provtded thal such paojects comply with lhe cnlena set out m Schedule 4 herelo and lhal understandtngs sel oul In this FFA are complied with The proJecls under the facrlrty may rnclude blt nol |mrled (i) construclron upgradrng. and rehabr|laton of urban transpori systems Such as roads bndges pubIc ransport multimodal lacrlrties tralfic management and parkrng. urban habrtiat rmprovemenl measures in the context ol suslainabte urban development; and (U) pohcy and rnstrtutional supporl to rmpiement emcrenl and reliable urban lransport services. suslainable linancrng mechanrsm for rnveslmenl and operatlon. rmproved financial managemeni and revenue mobilizatron and developrng effrcrenl accounlable service Provrders Thrs FFA does nol constitute a legal obligation on the part of ADB lo commrt any tlnancing Al rts sole discrelron exercised reasonably. AOB has the fighl lo deny any llnancrng request made by Georgra cancel the uncommined poiron ol the Facrlity and wrthdraw Georgra's flghl lo requesl any financrng tranche under the Facility Financhg tranches may be made available by AOB provded matters conihue to b€ m accordance wrth the general underslandings and expectations on nhich the Facility is ba6ed and which are laid out rn this FFA Thrs FFA does not constrtule a legal obligatron on lhe pan ot Georgia to request any frnancrng GeorgE has lhe righi nol lo request any linancing under lhe Facrlrty Georgia also has the nght al any tame to cancet any uncommitted ponron of the Facility Georgia and ADB may exerclse thetr respective rights to cancelthe Facility or any commined po(ion ihereof and ADB may erercrse ils nghl lo refuse a finanong rgquest by grving wrflen notce lo such eftecl to the other parlEs The written notice wttl provrde an erplanation for the cancellalron or refusal and in the case ol a cancellalion specrly lhe date on whrch lhe cancellatton lakes effect Thrs FFA wrll enler rnto force upon notrce hom Georgra to ADB on the Iulfillment of domestic procedures for entenng lnlo force in accordance with Georgia s applicable legislalion but nol later than elfectiveness ol the loan agreement for tranche 1 pro,ecl Financing Plan The frnancing plao for the lnveslment Program is summarized below Financing Source Asran Development Eank Governmenl Total Total (Smillion) Share (%)ot Total 300 00 85 324/a 14 68% 51 63 351 63 r00 00% Source AsEn oeveloohenl Bank eslrmales Financing Terms AOB will provrde loans lo fnance components under the lnvestmenl Program as and when the latler are ready for linanchg, provided Georgia is rn colnphance wrlh the understandrngs hereunder and the components are rn Ioe wrth those same underslandrngs Each loan will coostitule a tranche under the Facihty Each kanche may be llnanced under terms dilferenl from lhe financing terms ol previous or subsequent tranches The choice of financing lerms wll depend on the proiect caprtal market conditions. and ADB'S financing policies, all prevailing on the date ot signing the legal agreement for such tranche Tranches may be provded rn sequence or srmultaneously, and some may ovedap in trme wih each other There is no maxrmum or mrnimum slze for a tranche lnteresl. comm(ment charges or guaranlee fees are nol payable on the Facrlrty They are payable only on financrng actually conmrtted by ADB as a loan or guarantee ADB rules on inlerest, commitmenl charges and guarantee fees, which are rn effect when lhe legal agreemenls are signed for a lranche will apply with respect to such tranche Amounl The marmum Inancrng amounl avatlable under the Faclllty rs 5300 mllllon It wrll be provded rn rndlvrdual tranches kom ADB's ordhary cap(al 3 resources and Specrat Funds resources?. subjed to th6 taner avaitabrtitv and allocalron under ADB,s apptrcable pot|ctes and procedures, fiom Ime fi;;; Availabillty Pertod Tl9.lr"!9+ on which any disbursement under any tranche may be made wrll be 30 December 2016 The tast penodrc Frna;cing n"qre"r (pfnj ,i expecied lo be submrned no laler than 31 Augrrsl 2016 Terms and Conditions Execution The Execuling Agency (EA) lor the tnvestment program wiI be MDF with the assEtance of the partcipating municipattes The EA wi execute lhe su bproiects nder the tnvestment Program tn accordance wth the princtples -u sel forth in Schedule 1 lo thrs Agreemenl and the selection criieria set iorth m Schedule 4 to this Ag.eement as supplemenled in lhe legal agreements lor each loan Peflodic Financing Requesls Georgra may request and ADB rnay agree. lO provide ioans, under the Facrlrty to finance lhe hvestrnent program and (s related subprojecls upon the submission of a Periodic Financing Requesl (pFR). Each pFR should be submitted by Georgra Georgia wltl make avattabte Io MDF the proceeds ol lhe loan In accordance wlth the related pFR and the tegal agreemenls for lhe tranche Each indrvrdual kanche wlt be for an amount ot no less than US$50 million or rts equivalenl AOB will review ihe PFRS. and rt found satrstactory. will prepare the related legal agreements The subprolects fo. which linancrng is requested under the pFR wi be subiect to the seleclion criteria and approval process set out in Schedule 4 hereio. satisfactory due diligence and preparation of relevant sabguards fiducrary requrremenls and olher documents The Facility wrll be rmplemented in accordance with lhe general tamework sel oul in Schedule 3lo lhrs FFA and rhe Facrlity Admrnistration Manuat agreed between the parlres lJnless otherwrse notrfied by Georgra rn w(llng PFR will be stgned on b€half 'P.ovsons ol lhe O.d nary Operauons Loan Regulalons apptrcabte to LTBOR-Basgd Loans Mede rom AoBs Oronary Capitar Resourcos dalod l Juty 2001 rould apply to sach such LoEn sub]ecl to modrncatons lany lhal may be rncluded lnd€r any Loan Agroemenl (sad O.drna.y Operaions Loan RegutalDns as so modrtied De,ng rc e,.aler ca"€d the OCR I oar ReglBt,ons; ', Provrsons ol thc SDec'ar Op€raions Loan Regutatons apptEabl€ lo Loans Mado by AOB trom ts Sp€oal FunOs R8ourcls d.ted 1 Janlary 2006 wouid aoply to each such Loan subtscl to mdrticat'ons I any lhar may be ncruo6d under any LoEn Agraamsnt isard SpocE FJnds Loai Regul2r6.s as so modrned b6hg hor6ms,t6r called he SF Loan Rggulalrons and coll€ctlv.lt wth the OCR Loan Regularon6 th6 Loa. R6g! atrons) of Georg6 by lhe Ministry ol Frnance General lmplementation Faamework, Procedures The Facility wrll be rmplemented rn accordance wrth the general framework sel oul ia Schedule 3 hereto Specific implementatron dotetls may be s6l out rn the relevant legal agreemenls Each tranche lo be provrded under the Fac'ltty ,vill be subject to the folowing procedures and undertakrngs (D Georgia wtlr have notifed ADB of a forthcoming pFR at teasl 1O days in advance of the submission of the PFR (I) Georgia will have submitted a PFR tn the format agreed wilh AOB: (i'i) A0B may, in its sole discretron, decline to authorize the negotiatDn and execulion of any le€al document for a tranche and (iv) Once ADB confirms acc€ptance of the PFR, the legat agregments will be negotat€d .nd erecuted by the parties PFR rnformation The PFR will subsiantially be in an agreed lormal and will co{rtain the following details (i) (rl) (i") Loan amount Descnphon of components lo be financedi Apprarsal repons for alr conslituenl subprolects rnctuding envrronmental assessmenl reporl. resettlement plan, rf any. and a due drlgence repon on safeguards rmplehentatton in the previous PFR (iv) Cost estimates and ,lnancing plan for the Proposed loan and lhe su bprolects. (v) lmplementation arrangemenls specrfic lo lhe subprojecls or components (vr) Conllrmation of the continuing validity ol, and adhorence to, the ProvrsronS of lhrs Agreement; (vii) Confirmalion of compliance with the provisions under previous Loan Agreement and Projeci Agreem€nt. as appropnatei and (vnr) olher rnlormation as may be required under the Facility Admrnistralion Manual as reasonably requested by ADB Safeguards Attached as Schedule 5 to this Agreemenr are the social and environmental safegirards lrameworks thal wrll be complred with dunng the implementatDn ol lhe rnvestmenl program ADB safeguard pohcres rn elfect at the lime ADB approves the provisron ol a f,nancrng tranche wrll be applEd wrth respecl lo lhe subpro,ecls frnanced under such lranches Procurement All goods and works to be financed under lhe Facility will be procured in accordance wlth ADB'S Procuremenl Guidelines (2010, as amended lrom time to time) Consulting Servrces All consultlng services to be linanced under the Facrl'ty wll be procured rn accordance w(h AOBS Guidelines on lhe Use of Consultanls (2010, as 5 amended lrom ltme lo ttme) Contracting and Retroacllve Financing Oisburserhents Drsbursemenl for each tranche will be made rn accordance wilh the conditions ot disbursehenl in the relevanl Loan Agreemenl and tn accordance w[h ADB'S Loan Disbursemenl Handbook (2b07 as amended lrom lrme lo lrme) Monltorlng, Evaluation. and Reponing Araangements Wthin 3 monlhs of the efGcliveness date ol the toan agreement for each loan under the Facility the EA will eslablish a prograrh performance Monitonng System (ppMS) rn lorms and subslance acceptable to AOB The a set ot performance monitoring tndicators relating to on and rnstrlultonat reform and capacily building lhose rn the Destgn and Monrtonng Framework wtll eslabtrsh basetrne dala for each of the selecled indicalors and wrll conducl annual surveys and update ADg on the progress agarnst each indicator The EA wtll also prepare and submil consolidated sehiannual progress reporis,n Engl6h lor each loan on all aspects ot proiect rmplemenGtion I submrl to AOB a project completjon reporl within 3 monlhs ol phystcal completron ol lhe subproiecls fnanced under each toan and a lacilrty complelion reporl wrlhln 3 months of the physicat complelion of each rndrvrdual tranche These repons wilt descflbe the detatls of rmplemenlalion cosls monrtonng and evalualton results, Droblems encountered and action taken. and olher rnrormatron that ADB may requesl Wth the second pFR the EA wll subrn[ a comp|ance reporl confirmtng the conltnued valdtty and the adherence to provrsons ot FFA and precedtng agreement on each componenl ADB will field rev€w m,seons as requrred to dtscuss the progress Of the lnveslmenl Program under each loan any changes rn the imOlemenlaton a(angements, or remedral measures that are needed to achreve the ov6ra objectrves of specrfic subprojects and of overall lnvestment program ln addrtion to regular reviews including a midlerm review for each loan, a delarled mrdterm review of the Facrtrty wi be done 3 years afler the first loan takes effecl The midterm revrew for each toan under the Facility wiI be done rn accordance wtth ihe lmplementalton genod ol each loan The midlerm revEws wtll evatuate tn detail lhe scope of the Facility and prolecls 5 rmplementation arrangements, any outstanding tssues, environment and resentement as well as other saleguard tssues, achtevement of scheduled targels. conlract management progress, and other issues as appropflale Ropresentrtions Schedule 6 hereto sets oul the undertakrngs provded by Geo.gia tn relation and WarrantiGs lo rhe Facilrty GEORGIA ASIAN DEVELOPMENT BANK AuthorEed ReDresenlattve SCHEDULE 1 SCHEDULE 2 SCHEDULE 3 SCHEDULE 4 SCHEDULE SCHEOULE 6 FACILIIY CONSTITUTENIS DESIGN ANO MONITORING FRAMEWORK FOR THE FACILITY IMPLEMENTATION FRAMEWORK SELECTION CRITERIA AND APPROVAL PROCESS FOR SUBPROJECTS SAFEGUARD REOUIREMENT AND SOCIAL DEVELOPMENT POLICES UNOERIAKINGS

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SCHEOULE 1 (GEO: Sustaln.ble urban Trenrport lnvo3t llent programl A. 1 Si.ategic Context Georgta ts one of lhe mosl urbanEed countnes in South Caucasus wlh an urban urgent need to rehabil[ale upgrade and improve urban transport rnfrastructure ]n major cilies aind towns in Georgra to provrde more compettllve ptaflorms for economic groMh and improve living slandard Georgran cittes and towns are conskarned by unequat local governmenl capacity and remarnrng organizatonal gaps rn inlrastruclure managemenl ensuring efieclive managernent and regulation of transport op€rators effecttve proiect implementation and moniloring revenue generalron rn the transporl sector: and integrated urban management and plannrng systems populalron erpected to reach 56% of the lotat populalron by 2O3O Th€re ls an 2 Srnce the Governmenl's vtslon rs to make sure cttEs ptay lh6tr proper role as engines of national groMh centers of economic acttvity and knowtedge and focat poinls for cultural change the rnveslmenl program offers a programmatrc, long{erm approach to the revtlalization of citres gurded by road maps for urban sector and institutional reforns The rnvestment program rs fully consistent wrlh ADB's long-term assistance program tn Georgia that includes urban seNice de[very sustatnable basic infraskuclure improved urban transport systems and streflglhened governance and rnslrtutions lor better munrcrpat management I atso matches ihe Governmenl polcy lo tmprove urban and muntctpal tnfrastfi.lclLlre and teduce road lransportation constrarnts on economrc aclurty ' 3 The developmenl of a sustarnable urban lransport network is also a key component for the development of urban areas and lo enhance the role of Tbils' as an importanl business centre rn lhe Caucasus regDn Based on local strategy and exrsitng masterplans the Governmenl has p(orrUzed the rmprovement ol lranspon servtces tn all lowns and ctttes lhrough the counlry slartrng In areas of most urgent or stralegE needs The Governmenl has alrea(ty rnvesled srgn icanlly during 2005-2010. and lhere rs n€€d for more than g1 bt|lon of lurther investments in order to (0 meet the tncreasing demand and guarantoe good mobtlity conditions for all cilizens (ii) rmprove inhsbilanl's quality ol tife protect lhe environmental conditions, and suppod developmenl of touflsm and (rii) provide world-class tnfrastructure to allow privale companles and rnvestors lo find a convenient and eflicienl envlronmenl B. Road Map '1. A vision lor Sustalnable urban transport in Georgia by 2030 a The slralegic vrsion of the proJecl rs io promote a suslainable inlegrated socially aflordable envrronmenlally friendly and cost efftc€nt urban lransport system By 2030, with ihe benelits o[ lhe rnveslmenl program urban transport wll play a ma,or rote tn rmprovrng access lo busrnesses and communrtres a(raclrng rnveslments and enab|ng ctttzens to tap economtc and socral opportunrlres Thrs rnveslment program wlll promote efftctent and effectrve urban transporl servrces wilh rncentrves and capacily to rmprove qualrty efficiency reliability. accessibilfy aflordabilrty integration and coverage of transport seNrces ll will help resolve heavy traffic congeshon and air and noise pollullon, caused by tncreased private car ownershrp tnadequale roads weak lralfrc management, and rmperfect publrc lranspon servrces lt \flitl atso boost ihe 'AOB 2OO7 rnterh Operai|onal Srralegy 2OO&2009 and Colnl.y Pannership Skalcay underpreparalo. Manrs m develo clured as hese lssu Georgia hen employmenl. The investmenl program ncing tacility and wllt supporl a program ol Kutaist and Mesta in lhe irsl tranche and nt tranches ll provtdes financrng for physical rmprovements In matn urban areas b€netilng a totat population of 2.2 milon and tor ,nsliutronat strengthenrng and capacrty buitdrng ? 5 Frve marn goals have been rdentified lor lhe urban ransport sector rn Georgia . Goal 1 e lhe rcad e economy anct slrcnglh coherenl, roao networt, decreas ban barner Oevetopment in general urism in pa lat - Godl 2 P@rnote d Sustainolre Clevel@ment O{ road netwo/'- operetbn tn Or6sr 1q m6;6qa;^ a proper qualrty of road network, the management ol the traffic. lh€ quality of servtce and the organEation of il5 rn6161s.aaaa wilt b€ improved rrstng private sgclor involvehent and pubhc private partnershrp (ppp) - Goal 3 lmp@ve pubhc transpotl nelwotk to match ctemand. anct roduco conlostion and cl]l usage An affordable environmenlally fnendty and energy savrng strabiy to upgrade . renovats, complele pubtic transport tnhastruclures and renew vehicl; fleet Goal 4 lmp@ve public transpotl eftic@ncy ptofitability and quality of seNice witrt ntegratect ancl sustanabte utban t,ransport system vrth an easy to rmpiemenf sralegy lor -public lransporl and tarlored sotulions to promote Intermodatrty and maxrmrze the blnefits of an rntegrated lransport network - Goal 5 lmprcve quahly ol lile Mlh specfic measures lot non motonzed tnnspott lo 4,aluce pollullon. n,,se and tratric a]Cotents An ambrtrous strategy in order lo ltmit the flow of cars rnsde the dense parts of the ctttes and to develop exemplary urban renewal prorect in each crty parltcularly sustatnable coastal watedronl improvement to promote non motonz"d kanspon uses (pedeskian, two-wheeler etc) 6 The seclor roadmap aims to allocale over its 20 year-period €quat eflorl for the road sector and for pubhc and non-motoflzed transports and improvemeni of urban living habital condrtrons in order to offer reriabre arrernative ro car use, promore a more sustainabre m;birity rn Georgran.cil|es. This is particutarty retevant considering the ADB polrcy paper on sustarnabte lranspon.r whrch suggests that the three strateqy etemenls of a sus6inable urban lransport model potrcy should be avord shrft and rmprove. These refer Io the pnnciple of rsducing the need to travel and to encourage travelers to use suslainable modes ani energy eflriient green vehicles and fuets 2. A sequencgd urban transpo( development plan 7 The pnncrple of the urban sustarnable lransport road map is to propose a list of actions whrch arm to dealwith drflerent rssues rdenlfied These actions are inlegrated prolecls. rn order to rmplemenl a coherenl develoomBnt of lhe iransporl 7 and rnterretaled network rn Tbilisr and in ADB s,alre€dy.lhanong u.bE. fanspon mprovements h lmal munrcrpatilr€s through Munropal s€rvc6 phas€ 1 and_2 (MSOP 1 and 2, rmptementeo by rhe Mun.opa Dr!€toqfl.nt Fuld or ceolglaiMDF) 2009 _Changhg- Cou66 A- n6w peradgm lbr susEnaDr€ urban rran;po; lianrta and ADB IOB suslanable Transpon ODerEIional Ptan Menrta 2()1() 3 other participattng muntqpatites The difler€flt Inlraslruclures are developed |n a hottstic vision the key rssue ts to propose complementary projocts lor a kansport modes, esp;ctally road and plblc lransport networks The road map wr be implement"O ,i, pr,"""i coincide with lhe three tranches of the MFF "r,iJ.,-iay : (r) lmmedrate actron ptan wtth urgenl actrons and rnvestmenl ll marnly rncludes planned pro,ecls (ll) Mediurn lerm actrons aim al provrdtng transportation and the akeady suslainabte urban habttat improvemenl solulions to malch rncreasa tn demand rn the next few years ('rr) Long term developmenl the objectrve rs to strategize developmenl and the t.ansport network and coordhale lhe urban E The immediete ac on ptan mainly rncludes projects and measures already prqected or under constructron The objective is to achreve the foiecast intervent,ons by 201! _ 2015 For rnslance lhe metro exlensron in Tbitisr to the Unrversity disk,ct (V pshaveta Av) is expected to a stan operatons rn 2013 rerm rn z02s - 2o3o rhe have mun,cipar,ties rhey lhe rrnplemenlatron ol the y 2020' and lhe long :l['lir',jllH:li:: I Medium toam actiona dtfferent acttons are proposed to cope with lhe rncreasrng demand ll aims al mprovlng the currenl transport provtslon and creating new urgent nllaslruclures (l) Road neh/vork crealron ol mrssrng trnkg. Lrpgrac,rng eflstng road to rmprove safety redesrgnrng matn probiemahc crossroad i and renovation ol the matn roads (rr) Pubkc lransporl: reslruclunng and developing public lransport netlyork accordtng to demand and new devetopmenl rn the ctly and ,nlegralton ol the ditterent publ,c transpon services exlensron of lhe melro network in Tbiltsi to the densesl areas refurbrshmenl ol lhe matn stattons and renova|on of the rolling stock. and reorganzatton ol mtcrobuses servtces (lll) Parktng organization and rhanagemenl reform of lhe parklng poltcy and concesgon for new parktng lot (rv) Non motorized transport develop urban proFcts whtch combtne urban renewal and factlilies lo promote pedestrian anc, olher sofl modes uses. hcluding sustainable 10 coaslal waterfronl rmprovement gtven tts imponance Ior pedestflan anJ recreatonal lile qualtly ilnprovement. urban regene.alron and coastline louflsm c,evelopment Long terh development: rt promotes a dramatc,ncrease ol quattty of lransponalron and quallty ol lfe rn the partrcrpatrng munrctpalttres rnctudrng (r) Road nework crealion ol new roads connecting the surrounding areas lo ltmit traflic rn the downtown area. and refurbishmenl snd r,pgrading ot the road nerwork (r) Publc lransporl relurbrshrhent ol the whote publlc kansporl system rncludtng rnterchanges facrhtes lo proyde safe anraciive and aflordabte servrces, creation of new fasl. anraclrve and h'gh-capactty publc transporl ltnes on the matn co(tdors ol demand ( ii) Parking organization: creation ot safe parking lots and .park and ride,, facilities al the exlremities of the metro lines to encourage people io leave thetr car and use public lransport or walktng zones lor thell tnp rn lhe centre (rv) Non-molorized transoon creatron ot traffic cahing zones in tourisltc arees ot cily cenler lo rmprove the quatrty of trfe enhance cultura-l hlrilage anO promote ttte rrse of pedestfian and other soft modes 3. Overview of Roadmap interyentions 11 The proposed infrastruclure development tor the lhori term mainly deals wrth the akeady on-gorng or pranned projects Based or the existing mourriiy ano tne iian-Jpon demand g6n€rated by the new urban and oconomrc d rntrastructure has been etaboraled and agreed progress and sponsored by the Government. I whrch will decongest the boflleneck on Chach a connectton betwe€. the two d6nse drstricb a 12 Mtkva. Rrver rn Tbrhsr rep.esenls a narurar barner whrch constrarnrs rhe conneclions between the banks Grven the currenl congeslion obseryed on the nine existing roaO OriOges. a new bndge rs proposed trnking the districts ol Saburtato and Digomr to OiOuUL Congeston tn Kavtaradze Slreet tn Tbilist rs also notewonhy as tt constitules jh€ main access lo a densely nhabrted area rncluding the unrverstty campus buitdings and research centers today. muttrple mrcrobus ltnes trnk the universrty lo the city celter The comptetron of the I S kln e{ensrcn ol metro |ne 2 and the openrng of the Unrverslty slatton wrl retteve pressure on the road network and wrll have clear real eslate and sustarnable urban devetopmenlrelated benefits Tbthsi and Ruslavr have efleclively become h/vo poles ot a srngle urLan aggtomeratton rmportant in lraffrc is observed between Tbitisi and Ruslavr, its m;n adjorned city (12O,OOO whrch extend the urban area and creales a 3okm.long meiropolitan area The vr urban rnterconnectron upgrade v i contribute to hafrja safety reductron rn the rme and Congestron and wtl losle. Sustahable planntng ati along the ll ts thus recommended to upgrade lhe extsling road hnktng lhese Mo c ies. g rt rnto an urban boulevard whrch could convey a high lrequency bus tine Pedestnan accessibility and promotion of non motofized transport are urqent rssues rfl ]: Tbrlisr and Kutatsr ln Kutarsi tanes brcycle and relaled pedestnan/clean iranaport"t,on development rs proiected to ease pedestrian movement and salety and have posrtive public heallh rrnpllcatrons The conslructron of the GorgaSalt !,nderpalh in Tbttist while rmprovrng lrafric condrlrons by removrng a malor trafrlc bonleneck atso etms at prov;ding a new pedesktan zone on lhe banks of the Mtkvar River, otfering drrect pedeslnan pathway irom the Otd C(y to the aver bank 14 The rnveslment program wtll allow to rmprove accessibility of cilies wtth h€h economtc and toufistrc polenlial ln thrg rg5pe61. the program wr supporl the Gove.nment In rls efforts lo enhance and open up urban ateas tn Georg€ S mountarnous ancl coaslal areas such as Anakha Batumr and Meslia Thts arms to create rncentrves for plvate rnveslors beneflting from slrong governmenlal rnvestmenl shmult in tounsm development ectivities Complelon of the urban road access to ireslia is part of the Governrnent,s broader effort rn lhe contexl o, sustarnable devolopment of G€orgia s Upper Svaneti area the UNESCO Wodd Herilage Site - whrch rs consprcuous by rts exc€ptionat mounlarn scenery archileclural heritage. climatic condrfio.s cultura and spons tou(Sm potentrat The rnveslment program wrlt sgpp6d ths Government in rls efiorl to ensure suslainabte development ot waferfr6nls rn the glack Sea coaslal cilres of Batumr and Anakla This wrll lake form o{ coastal protectron and coast|tne pedestrian rnfrasrucrure development measures w.lh srgnrllcant positrve eliternalilres rn terms or 5 development of the relatecl urban areas and enhanctng lhetr anracttveness tor domestc and rnlernalonal lounsts whtch generate employmenl and revenues 15 ln the mid-term. the assessment of lhe economrc c,evelopfient and the niJmerous urban prolocls currently rn progress in Tbrlist will requtre new lransport tnfrastrucluaes in thg next few years Congestion on the road network is cufien y mainly caused by 5,6 road junctions, which are strong blockagos for the network The increase rn car traffic will reinlorce th6 negstive impacl of lhese points within the next few years A new design including flyovers and tunnels should be consrdered for these bottlenecks to tmprove the capacity of the road network Trafic congestron will also be worsened by inler-city through tratfic The existing ring road may not be allractive enoL,gh due to rts long distance from the city cenlre Diflerent options could be consdered lo create a new fasl and h€h-capacny rnner fing road whrch vfl enable bolh (i) to connecl qurckly lhe marn hrghways aravrng rn Tbrhsl and (ii) to tink lhe surroundrng distdcls ol lhe city wrlhorrl golng through lhe avenue6 in the cenlre 16 Several dense areas of Tbttrsr are not connected lo lhe metro network Several feeder allernalrve wrth kanslers at lhe lermrnus sla|on are berng inveslEated bui constdenng the hrgh lorecasled ndershrp on these secltons new metro extenston lo northern and soLllhern dense areas could be relevant Stmrlarly lhe rat{rc torecasled on the corridors connecltng O€omt vake oe|sr Rustavetr Drdi Digomr may requrre a mass lransit solutron such as LRT or BRT whrch wrl depend on demand, altgnment and tratfic capacity. 17 The qualry and functtonality of lhe rnterchange statrons cin be considered for improvement particularly the metro stations of Vagzlis Moedani. Samgori and Akhmelelt which experience significanl transfers wtlh the bus and coach ltnes These could consisl of a hotislic urban redevelopmenl project lncluding lhe lull refurbtshmenl of the melro stahons the creation of rnlermodal lacilitres such as pedeslflan paths and bus termrnals: and the developmenl of ofllce burldrngs. commercial and recreational amen[es tnvolving private sector 18 Parkrng lots are missing in Tbtltst esp€ciatly secured spaces lt has a drrect tmpact on tratlic congeslion by causing random parkrng New lots are recommended rn the densest busrness areas lo Imrl curb parkrng A.ound old Tbrltsl lhe rmplementallon of secured lots could also enable the creabon of a car fiee zone ln downtown whrch colld reinlorce iis allraclrveness rn lerms ol tounsm and lersure l9 ln the long tcrm the removal of the rarlway infrastructure rn the centre will imply major developmeni prolects rn Tbilisi as the land made available by the removal of the tracks may be !sed lo erecl a new drstncl wilh residentral burldrng, busrness aclivities and public equipmenls lt rs a great opportunrty to create an Integraled urban propct includtng a combined public and road kansport network to replace the exrstrng rarlway corndor Dependhg on the expected traffic. an urban boulevard could be desEned. with pedestrian lacilities and attracttve pubttc lransport system 20 Also lhe increase of mobility will enlail important traffic congestion This will requrre new roads lo |nk lhe areas lhal have been genrng denser The creatron ot new bfldges lo connect the Nvo banks ol lhe crty could be needed nolably between Grmagele and Oigomr The long lerm developmenl of the publc lransporl network could also propose alternalive and effictenl solulions lo car use such as the Vansformatron ol lhe marn bus roules into fasl, hrgh capacity kansport syslems When melro will be upgraded, park and ride facilities could be developed to provrcte alternal,ve solulrors lor commulers 6 C. 2'l Pollcy and Relorm Framewo,k ln order to meet lhe objectlves of lhe inveslment program it is necessary to develop an urban sector roadmap anchored withrn a hotrstrc and integraled retorm agend; improving the sustarnabrlrty quality and reltabrtrty of urban transport serurces Thrs requires tncentivet and suppon lhrough (i) an enabting polcy flamework, (il) eflective institutrons, protesstonal operalion and management. and ( t) sustamable fnancrng for operalion and inveslm€nt 22 Outsrde Tbihsi rn Georgra s secondary citles turther improvements need to be made in urban plannrng and servrce delivery Thrs inctud€s b!,t is nol limited to clear long_term v6ion, clanty of rnstrluttonal mandates the process and the outputs ol lntegrated and st;ategic action plannrng and coordrnatton rn tnvestment decrsrons thal would ensure effeclive spending ln additron. here a potental ot rmprovement rn development and implemenlallon of p;ltcy 's I lnstltutlonal change optionr 23 One of the rnstiiulional reform coutd ultimately lead to the creation ol a Transport Authorrty' under the Mun'cipality organizing att modes of lransport in lhe crly anc, managing aI aspects ol transportalion tralric managemenl road matnlenance, public transpon servrces. non molorrzed transporl and parkrng lt could enable a global vision and coherenl aclions tn order to promote an tnlegrated public transport system. 2. 24 Financialopportunities Ditferent financial solultons could be rnvesttgaied to b€tter cover operaling and inveslment costs for kansporlalion Others oplions corrtd also be proposed lo finance new road inveslmenls espeoally tolls on matn hEhvyays or public pnvate partnership (ppp) to finance new pub|c ransporl stallons 3 Monito,ing Mon olng relers lo lhe regular and syslemaltc coltectton of data on specified indicators to provide slakeholders of an ongorng actiy y wilh rndtcatlons of the extent ot progress and achrevement ol ob,eclrves I\,lonrtoring systoms (i) anatyze servic€s and measure the oDerator,s performances accordrng lo lhe contract condtttons, (ii) determine lhe amounl ol operating subsrdies to cover social discounl in publtc transpon, (iii) propose ahernative solutrons to limit road congeslron (rv) help to decide on set inc€ntlves: and (v) direct on lhe futuro organAation of the public transpon mark6t (6.9 benchmarking among difierent ope.ato6, tendering decisions, elc ) 25 4. Capacity building through .ssistance and training 26 To rmplemenl the proposed roadmap wrlh these rnfrastructures prolecls and organEatronal reforms Tbr rsr and other munrcrpal(res wtll reqLlire assislance and tralning Assrstance wrll be requrred foa engineenng prolecl management and supervrston to tmplehenl properly lhe proposed nkaskucture accordrng to rnternatronal standards ' rns rype ot o.ganrzarron 's tound rn mosr n!€nern and oevllop€d counrr'6s 3nd 13 ce ed 've.rehsverbud' rn G€ma.y Passenqer Transpon ALrhonty (PIA) rn UK Urban Transpon Managemcnr Aurhonty {AOTU) ln Franc€ Land T.ansporl aulhonly (LTA) n Sngapors To*yo melropold,an Eureau o, Transponaton or Road ano Iransporl Aulhonly IRTA) n Dubar There are usually hoaded Dy M8yor or Vrce Mayor 7 27 To skengthen the transpon seclor stakehotders, capacity buildrng wil be n66ded rncludrng (i) professronal tours and visris ( ) a twntng with retevanl municipalit€s to provide benchftark and good practrces lor tmplemenlatron and (ii) the development of specrlic tools. rncludrng professonal documentalon studes and software to bener assess kansportation trends take rnlo consderation urban developmenl, and help the aulhorities to anticipale the fulure noeds and focus on the main futures rssues II INDICATIVE INVESTMENT PLAN sub!6ctor lntsslIItsnr Rsquirrm6nts to 2030 , ust Mrrlron! 2010,2013 2013.2016 2016.2020 2020-20J0 Road rmprov€monE and mtrastrudura ulEtrading Trrhc Uenagehenl lmprov€menls 186 8a 127 (X) 180 00 Dd 700 r5 00 000 bd 220o 11 o0 20 00 40 00 79 150 00 Mass.apd lransrl Co.str!clon Upgreding and .93 84 34 51 70 00 124 0A 255 a83 51 Publrc TransDori horovements and lnveslmenl! 15m 19oO 75 00 rbd 10900 l.lerchange and ntermodal connocton 5m 25 00 t5 00 tbd .5m lntemodal y a.d rnt€gralsd ho.sur.s 8@ No. metonzgd lranspon laci [106 &and ng s€nage ,nfomaion and communrcaton 25 83 37 00 rbd 62 83 r5 cro 17 o0 550 200 650 tbd Pol,cy and l.sil!ional R€torm 350 tbo 15 50 Prograh managehe. t capac ty 10 92 10 92 10 92 tbd 3275 Tor.t hv.rtfiont USI Ulltion Sourc€ SYSIRA ADB 324 59 332 t2 44E 42 334 143943 8m

SCHEOULE 2 (GEO: Su3talnable Urban Transport lnvestment program) DESIGN ANO MONITORING FRAMEWORX FOR THE INVESTMENT PROGRAM By 2oil Anracirveness End o,e6€rvaton ol c!lturEr honlao€ w(h 10% rncreas€ rn lounsl nEhts compsGd to b.5el'n€ n 2008 Reduc€ urban road accd.nlt and c€!ueni.6 by 5% cdn9srad to b...rha n 2009 CrtEens *rl benefi lrcn protocl consrrucion h.ough pb rncre.ga (b6rw€€n 1 000 to 1 500,obs) Pnvat€ secror lndrcalors kom Munrcr06l deoarlfienrs Munrcrpa comoanEs errd NGO onl,n€E a!.9ProPn.r. Srrtslcal surv€ys (MRO| Appropnare env(onmenta Pol Eal and economrc stabrlrty Ou Ly mplehentaton ol lhe urb.n ransoorr MFF soe'lrc rasls '. lor strsamlrned'^volv6d nplam6ni,atron e.ml.s as Eppropn.b Ay 20ll NGO and'nte..al'on.r oi ProCrem wrll b..rlli at laast 2 m to.r u.ba. iransporl roodnap win d[6cr '3l rnc.aas€ accss ro publr transpo.l by 5% comoar€d to 2008 Pubrrc renlporr n(blth'p hcrc!!.d u7 5% compared io 2mg balclrnc Economy vu neraorlrty to lmDbmentatron o, rh€ p€o0l6 rn urban arcai compar€d t! 2009 Urban populatlon rn Tb The Governmenl p!rsu€s Msuo bus comDan€s or orhsr ag6nae! si.t !l|c! Prompt d€os6nJnak,ng, .el6a$ng coun!8rpan tunds l€lease by GoG MoF Ib,lB and orher MRD|dala bese Ma'nlilrn publE trampo.l mdel sdn ri Ib.lrs' al l€.si ar lh6 irmc 161/!la! 200€ Ritt llromon u3ng unlopal ur!€n r.nspon rncrealed by 5% co.npar€d ro 200€ weat coodinatDn among 90v€mm3nl depanmsnls und6m'.€E o9e6llon3 OulPutt By 201a A I 5 km long Tb ,sr Mltro En.n.lon ro Ono uoan red€vebprn€nr on Go.gaselr rmpl€menred rnaludnc one undrDess 20 k6 ol M.st,a rcEd up0r.(5 27 km brcycl* larlos mplemanld rn Uflan rensDon ,Oadmap 9ublEi€d by lh€ raLvanl €mDowered rnst rullons are able ro efl€cltv.ly dolryGr Co.no€ny annual rapon3 Pertcrpat.B oly Yl.Dlrle comm0n'cat|on and mao|a ManagEmont capaoty lbr lh. relevanl munEpelit€s maEnals sl.en€rh..ed Alldss8n and coosrrudEn addrds sp€cilic n6.d3 ol i/orn€n 6nd nEn nd56 8y 20t6 Pros! r.l.a!. r.Oorb a^d Ri.t. One Bndge on Muvai complet€d rn Tbr[s' 3lttrslrcs N8w munlopar gov€.nmsnl shrnrng locls tom !6an A 15k6 ulban lhr TbiistsRust.v' Footbrldg€3 consrucDd rn .araanl dle! 10 km ol urban road and cDaslal wale.trohl morovem6nl Tralllc ma.agenenr c€nler h o9€ranon rn Survoy! conduclld by thg conlra€iors G €xhausiod du€ ro ra.g€ number ol ongorng 6xt€.nally- l'rnded ncrea* operatron co!l and slpportod by consuhers ey 2016 10 kh ol urban.os6 wfi urb.n renewal lpgradsd ,n u/ban arc3s Murllmodar hlsrchangos rodos8r€d.nd SegrogaGd bus and lram lrnes and to. r vers de urban regsneraton consdar€d By 20la Genoerresponsrve !.0a. uanspon Pa.l'cpanng c(y rebsne roadmap endorsed by Tbrlrsr Munloprlt€s €caplw€ to ralom agenda art srtsragrc one sexlls<gr€gated hous€hold survay cihsd out,n Tb,llsi (50% ol Espond€nts Agreed rnstturDnal €loms One mullm@al uafic hod6l mploenr.d conlrnu€d po rtrcal wll ro A mullrnodall6am sel up rn TblEr slh w@€n reDrasenlalN€s pro9ram dsv6lopmeni and One mullrnodai lransport web6[o w n g€nd3r lesponsrve d€s€n or publrc Aclly twrnnmg w h lDcus on gondcr publrc coodrnsilon and suppon w(hrn munErpelily E nol lorlhcomlng lranspon de6rgn impl€m€nled Ey 20'15 Urban rransoo.l mastsrplan d€\€rop€d ano endorseo rncluorng PPP @uons one rntcgrared nd(e n9 sysism cenlralg0v€.nmanl and munrcroa authoa{86 on lh6 reiorm ro rmolom€nt A Dartrng managemenl outlourong clrrcd oul Mrcrobus oEanrl.no. s€l up rehoughl rn lhe conbxr ol lhe urbao ranspo.l Plaaning proces6€s straamlhod and moorlon.g tools sslaDhsh€d By 2018 One Publ,c Seto,cs Conracis (PSC) TrellSc calmrng zones or p.d$tnanrzabon €rlrDrBhmenl ol By 2011 Feaslbrl y stud€s snd prqed due drlEences tmely prepr€d by uoF and partropalrng m!rncaal x€l the MDF annlalreDon and MOF rs grvrng o onty lo the urban iranspon prqacls G€.der s.nsrnve pubhc awa.ene.s campa'gns o.9anrd F nanc'al manag€m.nl g€nd€r MoF and lhe sens{'zatDn procurensnl sal€guards By 2013 Polesso^alstafi hrcd by MOF wlh 15% .6crurtm6.t ol quahfrsd eomen T.ahrnq on concesslon l€ase.nd Polrical rssuas sirfl uoan management conlrads caried our Stud,es and du€ d'l€enes tc'r subsequ€nl p.q€cB orepar6d w'rh x.y Mlr..ion.. 1 Conttruction, rmprovanant and lrtubllltadoa ol u?bn EalrtPod lnlnttructrrr. ADB 3300 00 millon . o€t.rbd d€sb. corplered by oonlh 2 lrom the ettsciv€nass ol lh€ tranche 1 loln ADF/OCR T1 $85 m,lrion (ADF) 1 'lth .g.s€mo.r (MOF PM) . lJrban co.sifuct€d commrssbn€d and made @€ranonal rn ohases by '.hasiructures mon$ 60 (MoF PiJ Coniracrol3) Gov€hm€nt $51 63 m,lr|on r Eouoh..r orocured and dehvsr€d by month 36 (MDF PM Manufacrurers) ! Oerarl.d des€n complel.d by month 12 lrom ti!.6lbd'v.i.l$ ol lhs trarEh€ 2 ban agrcem€nt (MOF PM) ! Thsly land a@u'sriDn and mpl€montanon ol.EsenEflrnt plans bebr€ contad ew.rdl (uoF PM) . u6an rnl,?llruciures consi.uct€d csmmrsslon€d and med€ op€ralonal m phases bY mono 60 (MDF PM ConrractoB) . Equrpm.ir procur€d 6nd delry.r€d by month 36 (MDF PM MEnuLcturers) . Detaidd 6es9n comp|sled by nonth I 2 lroh the €fodr\,!n.3s ol tht trarKrte 3 loa. agreeftenl lMoF PM) t T6ery and acqursrron and mpl€Fcntanon ol Gsdtlernont ol.n! b€lore co.lraclors contad a*ards (MoF pM) . u6an rnlraslruclurE construcEd commrsson€d and mede oFlerailoralrn phas6! by monthoo by conl€ctots (MDF PM Conlradols) . Equpn6ni p,ocured a.d deirvered by oonlh 36 (MDF PM Manulaclure6) 2 h.lilulion.l C.p.cily O.voloP6.d Phn . Hous.hord surev a.d sv.r69'c lrsfllc hodol (r6vol@d by nonlh 12 (MDF IM) . Munmodd t6ao 561-uo ar ih€ m'/nlooills\iol b, Monln 12 and ultmodelconcad rn'n.led bY honrh 1B (PM . Ser-drsag€regaled publ lrarcporlsurYlv and orlrbaaa d.vslopod bv honh 2il (PM Op€.elors) 3 Program Managemsnl Feclllty . Ssteguald6 speoahs(s) r€crurlod Dv monlh 6 (MOF PM) . Gendff Foc.lpornl n MOF 'd€nl'n d snd sumon€o bY AOB . Tr3rrrng plan cafted out as approor€tr Dy month il6 wnh d ball 30% ol u/omen p.^ropanr! (MOF PM) . Suopon p.oed€d lo the Progr.n d€v.l@ment rmoLrnonieton .no managemoni lot lh€ whor€ duatoi of th€ ProgBm (MOF PM) Tr.nch.ll:to bo apProYod by ond o1201o_beginning ol20l1 Tr.nch€ lll ro be apProved by €nd o12013 ADa -- as,a.-Develophenl Bra.k = Mrnlliry ol Reg'onal Devalopmonl and ln'raslrlclules NGO - ion-gov€rimenl o.ganaal'on OAM : opsatlon and 6tr^l6nan@ PM : Ptrlto!''nng mun'cralrtes PPMS = oropcl pr6p6raton and mo.rtorng st3lem TM = Tbrllsr Mu'Crpally Solrce A3'an Oeveloomenl Bank Orrc.tor GeneraL CWR0

SCHEOULE 3 IGEO: Sustaintblo Urban Tranlport lnveltmsnt Program) IMPLEMENTATION FRA]{EWORX 1 Unless modified and amended rn loan or project agreements under ih€ Facility the investmenl program will be implomented as follows A. 2 lmplomentationAnangements 3 MOF Supervisory Board whrch rs chaired by the Prime Mrnister of Georgra will provide The executing agency for the inveslment program wlll be the Munrclpal Development Fund (MDF) Padicipating munErpalitres will ass6t MOF tor the impl6mentation of the projects under the Investmenl Program lor their perimeler overall polcy direclron and gudance for lhe rnvestment program The board includes ,inl6r ara Mlnlstry of Frnance (MOF) Min6lry for Regional Development and lnfraslruclure (MROI) and I\,linistry of Economrc Oevelopment (MoED) Representative ot olher relevant minisirios and of Ihunlqpalltres can be lnvlled lo atlend as approprrale The board will be providrng overall gurdance revrewrng inveslmenl program pedormance and decrdlng on all malor rssues of the rnveslmenl program managemenl The dul€s of lhe MDF will rnclude (r) (r) (lD provrson of strateglc gudance on and overseerng the lmplementalion of the rnvestmenl program preparation of lhe periodic financing requests (PFRs) lor their submission to ADB preparation ol annual budgel esllmates for activilles under the rnvesiment program for lhelr eventual approval. (rv) recrurtment of additional stafl and consultants. as ne@ssary to paepare and manage lhe program (v) procurement of serulces, works. and goods and approval of disbursements; and (vi) approval ol the subprojects and ensuring compliance with safeguards and acquisrlion ol land. and olher srmilar matlers wilh the help ol the parlicipaling munrcrpalites MDF wrll be expanded as appropnale to execute manage. and monitor the rmplernenlation ol lhe rnvestment program The team dedicated to the MFF wlll comprise 4 to;hnrcal financial procurement soclal and envlronment and administrative speclallsls The MDF wll have adequate staf, wllh relevanl expertrse and should include: a road englneer a financral managemenl specralisl, an accountant a procuremenl specralisl an environment specrahst a soctal safeguards speciallst a monrlonng and evaluatlon specialist. an rnlerpreler. program and a managemenl tnformalon syslem specrallst Supported by consultants under lhe program) MDF wrll be managemeni lacrlrty (PMF) (Component 3 of the rnveslment 'esponsrble {or (D (r') (iii) (iv) (v) (vr) appraising subproJects. underlaking feasrbility studies: sop€rvising detailed designs: procuring the goods and s€rvic€s. directing consiructDn supervision, overseelng the implementation of the lnstltutlonal slrengthening and capacriy developmenl 2 (v'r) monrtolng and evaluatrng the implemenlatron prog.ess and rmpact (viir) checking and guidrng safeguards compliance, (ix) coordrnSting among government agenciesi and (x) consolidaling and preparing periodic reporii for the invgslmenl program 5 A municrpal proiecl rmplementation team (MPIT) will be set up rn each padicipating munrcDalrty and wrll be responsrble for day-to.day implemenlalion of the subprolects wilhin ils perimeter Each MPIT will be headed by a mudicipal local point B. 6 Approval Procedure for Tranches For the subprojects rhat wll be includgd rn th€ laner PFRS, th€ selection and approval are sel forth in Schedule,l to ihis FFA C 7 Rcviows Allet revrew ol lhe semi-annual progress reports. ADB will freld review mrssrons as required to discuss the progress ol lhe investmenl program under each loan. any changes rn the rmplemenlation arrangements, or reniedial measures lhat are ne€ded lo achieve lhe overall objectrves of specific subprorects and of overall rnveslment program 8 ln addition to regular reviews including a midterm review for each loan. a detailed mdterm revEw of the nveslmenl program wrll be done 3 years after lhe effecliveness of lhe loan lor the frst kanche The midterm revew for each loan wrll be done in accordance wth the rmpiemeniation peflod of each loan Such midlerm reviews will evaluate ln detail the prolecl aclivities implementation arangemenls, any outstanding tssues, envrronment and resettlerhent as well as other safeguard rssues. achievement of scheduled talgets, contract managemenl progress and other ,ssues. as appropriate The midterm rev€w for the tnveslment program wlll tocus on (r) performance under the Componenls of the investment programi and (li) any changes lo implementalron arrangements or remedral measures needed to be underlaken toward achtevi6g lhe objectrves ol ihe rnveslmenl program I The ADB revrew mrssrons will be undertaken lornlly wlth MDF and ldPlTs

SCHEOULE 4 (GEO Srrstainable Urban Tranapod tnvostment Program) SELECTION CRITERIA ANO APPROVAL PROCESS FOR SUBPROJECTS A. 1 SELECTION CRITERIA The Asian Oevelopment Bank (ADB) wr tlnance proiects and/or subprojects that (i) are part of lhe lnvestment Program and/or acheving the objecltves of lhe Sustainable urban transporl sector roadmap as doscnb€d rn Schedule I of lhe Framework Financtng Agreemont (FFA). (ir) adhere to lhe rmplementaton arrangements sel tonh n Schedute 3 of the FFA. ( i) fully comply wlth lhe socral dimensions and saleguard frameworks tn Schedule 5 of the FFA, and (iv) meet the eligrbrlrty requrrements set lorlh in lhis appendir L 2 SelectionofPartlclpatinglrrunicipalitles All munrcrpalrlres rn Georgra are elgrble For actlvrl€s to be financed under Componenl 1 ot lhe Investment Program lhe parlicrpatrng munrcrpalilres should present an overall assessment ol the urban transporl (UT) s[ualron whrch rncludes (i) city urban area populalion and demographic trends (ii) urban lransporl network and public kansporl Services, (iii) urban and economrc developments prospects and (iv) urban transpod management system 2. Selection ol Subprolects 3 ln selecting lhe subprojects for each municipality lhe following general cflteria should be followed The subprojecl deals wrth (i) urban and urban transpon rnirastructures' (ii) (r) lransporl servtces managemenl or (fli) rntermodal measures and lransporl (x) management rmprovemenls The subprolecl has a proven consumer demand analysis. is likely lo tngger posrtive externalitros ln terms of tourism dovolopmenl and economic regeneralion rs technrcally sound and ils feasibility assessmenl neets the engrneenng frnancral economrc envrronmenlal and socal requrremenis of Georgra and AOB (rii) The subprolecl has been granted governmenl approvals and endorsements and has been allocaled sufllcienl counlerpart funding to implement the p.oiect or subprolect as scheduled and maintain such projecvsubprotect facilities upon completion; and 4 For projecls or subproiects lhal are added in the course ol updatrng the Governments Inveslmenl Plan. all relevant clearances should be sought pflor to submrssron of lhe PFRs to ADB 3 5 Appraisal of Subp.oiects Vvhen apprarsrng lhe subprojects following generalcrileria should be followed (i) The feasibility shidy shows thal the subproject meets ADB'S technical economrc. financial and inslrlutional requrrements. consr.ucron erlenson upg.ad.g o, rehabrLrraton ol ulb.n vanspon rn,.esruclures rncludrng utholr hm[anon roads urba. waledro.ls plbllc ra.spod lralfc 6ana9.n.nt pa rng and hulirmodal ,.crl'lr€s 2 (ii) {iir) (iv) (v) (vr) B. 6 The economic viability of the subprojecl should have been demonslrated by en economic analysts undertaken in accordanc€ with ADBS Guctetines lor the Economic Analysis ol Prc|lects 119971 The financial suslainabrtrty of the subproject shoL,td havo b€on denonstraled through a linancial analysis and linanciat managemeni assessmenl Llndertaken in accordance with Chapters 3. 4 and 5 of ADB'S Handbook for Boftowerc on the Fn1ncial Managefient and Anatysis ol Projects (2006) For a subproiect with land acquisition and rcsettement impact, a resefltement plan wlll be Orepared In accordance with the Land Acquisition and Rese lement FrameworX o[ the tnveslmenl program (tncorporated by reference in Schedule 5 to thrs FFA) An rnrlral envrronment examrnalon (lEE) or an envrronmenl rmpact assessment (ElA) as applicable should have been undertaken lor the subpro,ect with sumclent mitigation measures and budget for managtng potential negalive environmental impacts, in accordance with lhe Environmenl Assessment and Review Framework of lhe lnveslment Program (rncorporaled by reference in Schedule 5 to thrs FFA); and The rmplementalion arrangements and instrtuhonal skengthening and capacfy developmenl plan lor the subprojecl have been prepared SELECTION AND APPROVAL PROCESS Approval procedures for projects proposed for fnancrng under lhe MFF will lollow the requrred revrew and approval processes n Georgra as supplemenled by lhe requtrements attached lo Schedule 5 of lhis FFA For lhe Tranche 1 subprojecis proposed for llnanclng under thrs MFF all necessary approvals rn Georgia have been obtained pnor lo lhe contracl awards The following process wrll be followed when preparing and submining a periodic llnancing requesl (r) (ii) (iii) (iv) (v) (vi) IIDF rev€ws and screens the subprolecl proposals to confirm thell compttance wrth e|grbrhty critena. and has them revErved and endorsed by the Supe.visory Board MOF with the support from lhe Program Management Facr|ly ensu.es rmplementation and apprarsal ol lhe feasrbility and due di|gence sludies for the subprolects MDF prepares the periodic financing request (PFR) based on the subproject feasibility and due diligenc€ reportsl The Supervrsory Board rev€ws and endorses the subprolect feasibility and due dilgence reporls as well as the co(esponding PFR MDF submrts. through lurnislry of Frnance (MoF) the endors€d PFR together with subproject teasibrlrty and due drligence reporls for ADB s approval Subiect to satislactory compliance with the selection cnlena and approval procedures, and in compliance wrth ADB'S relevant policies. AOB will approve the proposals ol the projects (v[) MDF wrll proceed vyrlh procuremenl exercrse in accordance with ADB'S Procuremenl Gurdehnes and Gudeltnes on lhe Use ol Consultants (2010 aS amended from lime lo lrme) 7 MoF MROI. irunropal Oevelopment Fund ot Georgra. panicipatrng munrcrpahtes and AOB will maintain contact through periodic AOB review missrons and semFannual progress reporls, and rn so dorng may efl€ct advanced consultation on PFRs prior to submission to ADB

1 SCHEDULE 5 (GEO: SGtainlble U,ban T,anspod lnvo3tment Program) ENVIRONMENT ANO SOCIAL SAFEGUAROS 1 Georgra wili ensure that all the requirements prescribed in ihis Schedule and the following safeguard frameworks and plans that have been prepared with respecl to the Facility and the first tranche. and of whrch ADB has been provided lull copies. and whlch are deemed rncorporated helern by reference aae complled w(h during the processrng and rmplemenlalron of the projects trnanced under the Facility (t) envrronmental assessment and revlew framework (E1ARF), (ii) land acquisition and resenlement lramework (LARF). and ilr) envrronmenlal management plan (EMP) 2 The lrameworks cover the Facrlity_specific hformatton and requirements rn accordance wlh ADB s safeguard polcres (i) the general anticipated rmpacts ol the componenls or proieds lrkely to be fins;ced under the MFF on the envrronmenl and involuntary resettlementi (ii) the safeguard crileria lhal are to be us€d in seloctlng components, prorects: (iii) the requirements and procedure lhat ltill be followed lor screening and caiegorization impact asaessmgnts development ol management plans, pubhc consultalion and rnformation drsclosure (hcluding the 120-day disclosure.ule It requrred), and monilonng and reporling. and (rv) the lnstitutronal arrangeme;ts (rncluding budgel and capacily requlrements) and lhe clienls -and ADB'S respo;srbilities and auihonties for the preparahon rovlew and clearance ol safeguard documents 3 Prior to the preparatron of each PFR the applicabrlity and relevance ol each Safeguard framework for envrronmental assessment lnvoluniary resettlement and indigenous people will be revrewed and updated to ensure relevance and consrstency wllh appllcable country legal fiameworks and ADB's Safeguald Polrcy Stalemenl (2009) as amended from lime to trme 4 ln all cases lor each new PFR preparalion, MDF wlll revEw ongorng proFcts under the Facility to check on the stalus ol complianca with the safeguards plans and lremeworks. and submrithe revEw reports lo ADB. together wllh other required safeguard documents relev'nl io the prolects lncluded rn the tranche being processed ln any case if major noncompliance is drscovered in the course ot lhe review ol ongoing subproiects, a corrective action plan will be prepared and submitted to ADB 5 n addition all ADB Safeguards Polcies in effect as oI the date the financing of a project A. 6 Enva,onmont 7 MDF shall ensure thal a relevant environmental rmpaci assessment (ElA) or initial rs prepared or provrded under the Facihly wrll apply lo such proJecl ln the evenl there is a drscrepancy between lhe laws and regulatlons of Georgia and ADB's Safeguards Polic€s then the stricter of these two regulations shall be applEd MDF shall ensure lhat each prolect and all facilities financed under the Facllity are developed. conducled implemented and marntained rn accordance wlth all applicable laws and regulatrons of Georgia and ADB s Safeguard Pohcy Slatement (2009) envrronmental examrnalion (lEE) (as applrcable) is prepared for each proi€ct linanced under the Fac [y rn accordance wth all applicable laws of Georgia and ADB s Environment Policy, and that all ElfulEEs are approved by AOB and Georgia's Ministry of Natural Resources and Envronment Prolection (when required by GeorgEn legislation) and are adhered lo during clesgn construction and op€ration phases of such proiecls E MDF shall ensure thal the EMP is implemented All recommendatrons of the EMP are rncorporated rn the brddrng documenls civrl works conlracls and consullanl's contracts lo ensure comphance I MDF shall (i) monrlor the rmplemenlalron of EMPS by the conkactor (ii) ensure lhat civrl works and con6ulling servrces conlracls rnclude specrfic provrsrons for EMPS praparation rmplemeniation and monitoring, (iii) ensure that mdigation measur66 in EMPS are adequately rmplemenled by the contraclors, and (rv) provide adequate budgotary allocation for this activity MDF shall also ensure limely submission of s€mi-annual monitoring reporls on EMPS implementation to ADB on a project dunng project implementation 10 No cilil wo*s contract shall be awarded until the conesponding initial environmenlal B 11 Lend Acqubltion and Re.ellloment examrnatron or environmenlal rmpact assessment as may be applicable to prolecl fnanced under the Facilrty has been approved by ADB MOF y,/rlh lhe partrcipating munrcrpality shall ensure that land and rights'of'way required by the proFcis are made available free and clear from any and all rights and claims of third pantes and any other encumbrances whalsoever rn a tmely manner and lhal the provisions of the LARPs are rmplemenled rn conformity wilh O all applrcable laws and regulailons ol Georgra (ii) ADB'S Safeguard Policy Stalement (2009) on lnvoluntary Resettlement, and the agreed LARF (r) LARF shall be reviewed, if necessary updated and submitted for AOB approval at leasl annually and at lhe beginnlng of lhe preparalion of each lranche under lhe Facility A LARP consrslent with the revrewed and updated LARF shall be prepared for each project entailtng land acquEition and resettl€ment under the Facility (ii) The review and update of LARF and preparstion of a LARP lor each subsequenl project consistent with ihe LARF shall b€ a condition for such proiect appraisal (rir) Preparation ol an updated LARP for each proiect based on the llnal design and (v) consrslent wrth lhe LARF shall be a condition for approval ot lhe award of relevanl civil works conlract(s) condition for the Complelron of the rmplemenlalron ol the LARP shall be worl(s commencemenl of clvrl a 12 Pursuant lo ADB'S Saleguard Polrcy Slatemenl (2009) on lnvoluntary Resettlement. lhe followrng shall be requrred (D compensalron shall be provided at replacemenl cosl togelher wllh any entitlements as stipulated in the approved LARF and LARPi (ri) lack of formal tatle will nol be a bar to res€tltement assrstance or rehabilitation tor land or any other loss. (lll) counterpart funds and disbursements shall be timely provided lo afleoted persons, (v) wrth agreed compensation and rehabilitation provided to them prior to any land, house or other alfected asset being takenl Georgia shall meel 8ny unforeseen ob|gations in excess of budget estimatesi 3 (v) consullatrons and gnevances related to the rnveslmenl projecl.s resenlement aclivrites shatt be documented (vr) LARPS shall be updated if an investrnent projecl is modifiod such thal there 6re ditferent or additional resettement impacts, and resetttemeni actrvilies shafl tre reported to ADB as parl of lhe semFannuEl progress repons by MDF 13 MOF shall ensure that wtthin 3 months of lhe etfecttve dale ol the toan agreemenl under relevanl iranche an rndependent expen acceptabte to ADB rs engaged lo cond;ct rndependenl exletnal monrtoring and evaluation of the resettlement process a;d lmpacts Repons of the rndependenl monrloring expert wil be submited to ADg on a semi-annual basis 14 No civrt works contract shall be award€d unlil an LARP as may be appticabte to the prolecl llnanced under lhe Facrlity has be€n approv€d by ADB 15 Contraclors may only commence crvtl works after ihe LARP has been rmptemented rn accordance w'th rts terms C. 16 Social lmpacts, Gender Development and Oth6r llsues MDF wrlh lhe partrcrpanng munrcrpattiy shatl ensure a monrtonng of the SOCtal lmpacls throughoul implementatron ol the Faotty, rr consutlation wlh local goyernments local communilres and nongovernment Organizallons ln this respect. MDF Shal ensure that all civil works contractors O compty with all appticable labor taws (tl) use thetr best eflorts to employ women and local people disadvanlag€d people. living ,n the vrcrnrty ol the 'ncludrng pro,ecusubproFcl linanced under the Factlity (iii) diss€minate tntormatDn at worksiles On health safety for those employed dunng const.uclton (iv) provide oquat pay to men and women lor work ol equal type (v) provide safe workhg conditions anc, separale culturally appropriaie lacilines lor male 3nd lemale workers and (vr) abstain liom child labor Contracls to, all protecls/subprolecls to be llnanced under the Factnty must rnclucle spectfc clauses on lhese undertakrngs and comptrance will oe stfictly monitored dulng Road Co(tdor lnvestment Program inrplementatron 17 MDF wrth the partrcrpating munrcipaltty shail develoD. as appropaale the gender aclion plan iGAP) wrlhrn srx (8) monlhs ol the Efiectrve Date of each Tranche, and ensure rhal ( ts trmely rmplemenled over the Projecl oeriod [4DF shall monttor GA,) implementatton and report lhe progress ro ADB semrannually

SCHEDULE 6 (GEO: Sustalnable Utbtn Tttnsport lnv6tment Program) UNOERTAKINGS requlre in legal agroements lor ln addition to such undertakings as AOB will reasonably i"iiiitv. e"o'e'" un'eriak€s thal it wilrensure thar il.il;;;;*;;";"iii" (i) urban tr.n3port get fundrng ftom ioaamaPsin tine tfl,i::i;T'l':"tt^1'H""tJl"#""YllH:: develooment and s tii) Urban transPo.i Policy and Programs Georgla's Pohcies the economlc vrabllitY of each Pr Best efforts are used to ! Facrltv (r 'ri",rilng r-in t-"gerral and lechnrcal capacrty building (u) CounterPa fundlng and rolo and lhe imOlementallon arrange Provrded on a lrmely basrs rnfiasructure develoPed and throughoul rls servrce hfe wlll be and (lll) human and lechnrcal res Plan will be made available (rvr Conlt,uctlon qusllty: (i) Subprojec wrlh the rntematlonal standards an ding documents (v) Land acqulsition and te3Ettlemo resettlemenl becomes necessary acquisltion and resettlemenl are c LARPS agreed wilh ADB and required rn the LARPS aod (v) requlred land has be€n acquired ai full replacemenl cost (vr) Envlronment (r) proiects under ma,niarned and monltored rn co and regulalrons ol Georgia (b) envlronmental assessmenls (lEE (d) EMPS rnclud'ng lhe mrtqalron from the rmplementatrcn of the tEEs/EtAs. (ti) crvrt works contractors specrlications rnclude requfements lo comply with the envfonmental mitigation measures contained in the lEEgElAs and ElvtPs and (iii) crvrt works contraclors are supervised to ensure comptiance with the requrrements Of the lEEs/ElAs and EMps (vii) Loc.l consultetlon and gendc,. 0) Gender Actron ptan agreed under tho MFF is implemented; (ii) a locat consultations to address safety, social, and culturatissues dunng rmplementalion ol the inveslmenl program are carriect out as recommended rn the summary poverty reduclton and socral slrategy, (iii) men and wom€n are given equal employment opponunities direclty, or indirecly, ansing from the lnvesthent Program and without any ditferenlialion ol wages for eqLrat work. and (iv) mechanisms for maxlmtzing local emptoyment benefits will be promoted (viia) Health risks and prevention all crvil works contracts wll hclude a requirement to conducl an rnformatron and educaton campaign on serualty transmttted drseases and HIV/AIDS lor conslruclion workers as parl of lhe heatth and safety program ai campsites duflng the constructon p€lod (x) Aniico.ruption; transparency and good governance MOF wil to ow ADBs Anltcotruphon Po,,cy (1998, as amended to date) and acknowtedge that ADB, consrstenl wrlh ils commtlmenl to good governance, accounlability and lransparency. reserves the nghl to undenake direclly, or through rls agenls rnvesligalron ol any alleged corupt fraudulent. collustve or coercive practices related lo lhe I\,,!FF and cooperate with such tnvestigation and extend all necassary assistance includtng access lo all MFF-relevanl books and records, and engagtng rndependent erperts who may be needed lor satsfaclory completton of such rnvestigalions All contracts financed by AOB under the investmenl program lnclude provrsrons specifying the nght of AOB to audit and examine the i.i1FF-relaled records and accounts of the MDF and all contractors suppliers, consultants, and other servrce providers as lhey relate lo the MFF Additronal measures to improve governance accountabilrty. and transparency under the MFF, tnclude (i) rndependent exlernat audrttng of conlracts prolecl accounls and tnanciat slalemenls (r) publcatron o, decrsrons on alt proqJremenl-retaied mallers by the [,lDF and (rtr) lrmety disclosure ol rnformalton on selectton of consultants and conlractors throJgh tocal newspapers