Selanjutnya

rd ｎｇｄｏｾＮ＠

OF s·AUD I ARAB I A

SAUDI FUND FOR DEVELOPMENT

LOAN AGREEMENT
NUCLEUS ESTATE AND SMALLHOLDER PROJECT
(NES VII REGION IV)
BETWEEN
THE SAUDI FUND FOR DEVELOPMENT
· AND
THE· REPU6LIC OF INDONESIA

Loan No. : 6/251
Signed on : 27 Muharram 1407 A.H.
Corresponding to : 1 dctober 1986

A.n

Ur.Wi='riCIAL TRANSLATION

LOAN NO.

6/251

LOAN AGREEMENT

AGREEMENT signed on 27

ｍｵｾｴｲ｡ｭ＠

1407 A.H.

corres-

ponding to 1_ October 1986 A. D. between :
1

THE SAUDI FUND FOR DEVELOPMENi, Riyadh, Kingdom of
ｾ｡ｵＱ＠

Ari!bia (hereinafter.· called the Fund), represented by

H. E. Ustaz Mohammad A. Alsugair, Vice Chairman
ｾｮ､＠

Managing Director
and
2

THE REPUBLIC OF INDONESIA, (hereinafter. called the
Borrower) -represented by

H.

E. J.B. Sumarlin, State

Min-i ster and Chainnan of. .Nat1ona1 Planning Board

PREAMBLE'

{A)

the Borrower has requested the Fund to grant
ｾｲｬｅｒａｓ＠

I

·it a Ｍ ｬｾ｡ｮ＠

to assist in
ｴｾ･＠

financing of ·the
ｎｵ｣ｬｾ＠

':" '

Estate

·and Smallhold-e r Project . (N=:S VII Rt:GION IV) described in

ｾ｣ｨ･､ｵ＠

Project·) ;

(2)

to this Ag reement -(hereinafter called the

(B)

WHEREAS the purpose
ｯｦ

Fund is to assist developing

Ｎ ｴｨｾ＠

countries in.developing their economies and . to
ｰｲｯｶｾ､･＠

them

with loans required for the implementation of their .development
projects and programs;
(C)

WHEREAS the Fund is convinced of the

of the
ｾｭｰｯｲＺ｡ｮ｣･＠

Project and its beneficial effects on the economic development
of the friendly people
(D)

of

Indonesia; and

WHEREAS the. Board of Directors of the Fund has aareed,

in view of the foregoing by its
12.11.1400 A. H.

Ｂｒ･ｳｾｬｵｴ

to
｣ｯｲｾＤｰｮ､ｩｧ＠

ＲＱｾＹＮＸＰ＠

Ｎ ｩｯｮ＠

No. 2/30/266 dated
A. D., to grant the

Borrowe.r a ·loan upon the terms and conditions hereinafter set
forth.
..

NOW THEREFORE the parties hereto hereby agree as
follows :

I
\

IJ

ARTICLE I
General Conditions; Definitions

Section 1.01. The parties to this Agreement accept all
the provisions of the General Conditions Applicable to Loan
Agreements of the Fund issued by Resolution of the Board of
of the Fund No.
ｄｩｲ･｣ｾｯｳ＠

11/14 dated Rajab 29, 1396 A. H.,

corresponding to July 26, 1976 A. D., with the same force and

effect·as if they were fully set forth herein (said General
Conditions Applicable to Loan Agreements of the Fund· being
he.r einafte·r called the General Conditions) • .
Section 1.02. Wherever used in this Agreement, unless
the context otherwise requfres, the several tenns defined in
the General Conditions and in the Preamble to this Agre·ement
have the respective meanings therein set forth and ·the following additional terms have the following meanings
1)

"Directorate General of Estates" means the Directorate
General of Estates of the Borrower•s Ministry of
Agri cu 1ture;

2)

"The Corporation" means Perseroan

Perkebunan
ｔ･ｲ｢｡ｾｳ＠

XXI!l, a public sector agricultural
･ｳｴ｡ｾ＠

enterprise

with limited liability estabiished pursuant to Law

No. 9/1969 of the Borrower and designated as such under
Government Regulation No. 8 dated February 9, 1971, or
any successor thereto;
3)

Ｂｾｩｮ｡＠

means
ｾｩ｡ｲｧＢ＠

agency of the
4)

ｴｮｾ＠

Directorate General of Highways, an
within the Minis try of Pub 1i c

ｂｯｲｷｾ＠

ｾ｡ｲ

ｫ ｳ［＠

"The Bank 11 means Bank. Bumi Day a, estab 1i shed and
operating under Law No. 19 of 1968 of the Borrower;

5)

"Team
ｋｨｌｩｳｵＭｾＢ＠

means Team ·Khu sus Proyek Perkebu nan

Berbantuan, the special team created . under Decree
No. 182 of 1983 of the

1•
ｾ＠

ﾷ ｾ＠

ｂｯｲｷ･ｾｳ

Ｎ ｍｩｮｳＡ･ｲ＠

of Agri-

culture to assist the Directorate General of Estates

\

1

'l

in e.Xterna lly/ ·; n tern a 11 y fi.nanced · estate projects;

l

6)

l

"Settler .. means a smallholder and his family sett·led
or previously settled in a settlement area and participating under the. Project, as the context may .require;

7)

"Smallholder Credit Agreements .. means the respective
agreements to be
･ｮｴｲｾ＠

into between the Bank and the

Settlers pursuant to Section 3.04 (a) of this Agreement;
8)

"Smallholder Development Agreement" means the agreement
I

to be entered into between the Directorate General

\
'

of Estates, the Bank and the Corporation pursuant to
Section 3.04 (b) of this Agreement;

9)

••.Financing

means the arrangement to be
ａｲ｡ｮｧｾ･ｴｵ＠

entered into between the Borrower and the Bank pursuant
to Section
10)

of this Agreement;
ＳｾＰＴＨ｣Ｉ＠

"Hak MiHk 11 means the right .of ownership in respect of·
land, as provided under the Basic Agrarian Law No. 5
of 1960 of the Borrower;

11)

"Credit
ｓｸｰ･ｮ､

means that part of expenditures

Ｎ ｩｴｵｾｳＢ＠

incurred for ·Part A of the Project and which
to be recovered from Settlers

as

ｾｲ･＠

intended

provided in the Small-

holder Credit Agreements referred to in Sec:ion 3.04 (a),
including inter alia expenditures for initial land .
｣ｬ･｡ｲｩｮｾ＠

of oil palm and food crop areas(including related

overnead costs), Settler housing, field roads and cash
payments to new settlers.
12)

"Non-Credit Expendituresu means that part· of expenditures
ｮｯｾ＠

for Part A of the Project which are

ｩｮｴｾｲ､･＠

to be

.

.

inter
recovered from Settlers, including - . .alia
. - expenditures
for community facilities, vi11age infrastructure, provincial
roads, water· supply and sanitation, a.nd .management fee payable to the Corporation;
,

ｾＬ＠

"'j'

..

"Project Fdci1ities" means the faci&ities to be provided
or constructed under the Project;

14)

"Subsidiary Loan
･ｮｾｲ､＠

means
ａｧｲｾ･ｭｮｴＢ＠

into between the

accoraance with

ｾ･｣ｩｯｮ

ﾷ ＳＮｃ＠

ｂｯｾｲｷ･＠

the agreement
and the

ｾｯ＠

ｃｯｲｰ｡ｾｩｮ＠

(a) of this Agreement .

be
in

ARTICLE II
T-he· Loan
Section l.Ol. The Fund agrees to lend the Borrower, on
the terms and conditions in the Loan Agreement set forth or
referred to an amount of Ninety one million three hundred
ｒｩｹ｡ｬｾＮ＠

thousand (91,300,000) Saudi

Section 2.02. The amount of the Loan may be withdrawn
from the Loan Account in accordance with the provisions of

•

Schedule (1) to this Agreement. as such Schedule may be amended
from

time to time by Agreemertt between the Fund and the

Borrower, and fn accordance wfth the Procedures for Withdrawal
of the Proceeds of.the Saudi Fund for Development Loans, for
expenditures made (or, if the Fund shall so agree, to be made)
in respect of the reasonable cost of goods and services required
for the Project and to be financed out of the proceeds of the
Loan.
Section 2.03. ihe

shall apply the proceeds of the
ｓｯｾｷ･ｲ＠

toan exclusively to financing the reasonable cost of the goods
and services required for the carrying out of the Project.

Pro-

curement of ·such aoods
and services
sha
.,
.
.
. 11 be in accordance with
the Fund's Guidelines for the Borrower on Procurement of Goods
and Services and Technical
ｒ･ｰｯｲｾｩｮｧ＠

Requirements. The Bortower

shall obtain Fund's approval before awarding the contrac:s to be

financed out of the proceeds of the Loan and before effecting
any modification thereto in the future.
Section 2.04.

The Closing Date shall be September 30,

!992 or such later date as the Fund sha1l establish. The
Fund shall promptly notify the Borrower of such ｬ｡ｾｲ＠
Section 2.05. The Borrower shall pay a loan

date.·
｣ｨ｡ｲｧｾ＠

at the rate of three per cent (3:) per
｡ｮｵｾ＠

oal amount of the Loan withdrawn and

outstanding from

on the pfinci-

time to time.

Section ·2.06. Loan Charge and other charges shall be
payab 1e semi-annually. on March 15 and September 15 in each·

.

.,vear .

Section 2.07. The term of the Lo4n shall be Twenty
years including a five-year grace period. The Borrower
shall repay tne

ｰｲｩｾ｣｡ｬ＠

amount of the

ｌｯ｡ｾ＠

in accordance

vlith the Ainortization Schedule set forth in Schedule (4)
to this Agreement.

!II
ｾｒｉｃＡＮＺ＠

of
Ｚｸ･ｾｵｩｯｮ＠

2.0!.
ｓ･ｾＺｩｯｮ＠

carriEd

ｐｲｯｪ･ｾｴ＠

lne 3orrower shall

cu: :he Projec:, or cause
Ｚｾｲｹ＠

(a )

the

cue
ｯｵｾＬｷｩＺｮ＠

•

｣ｾ＠

0

ｾｮ･＠

＿ｲｯｪ･ｾ＠

to be

11ce:1:e and efficiency and in

....

- -

......: :. c-...• ;. c• • 1-:-- u r :. 1 ,
･ｮ｣ｩｲＱＺｾＬ＠

-

｣ｯｮｦｲｾｩｹ＠

-

prac:ices.
(b)

maKe avaiicQie,

li:ies, services, lanes and
in

as needed, the funds, faciｰｲｯｾｴｩｹ＠

resources which are required,
ｯｾｮ･ｲ＠

to the proceeds of the Loan, for the carrying out
｡､ｩｾｯｮ＠

of the Project and for the operation and maintenance of the
Project Facilities.
(c)

the overall responsibiiity for management and
ｾｮｲｵｳｴ＠

coordination of the imolementation of the Project to the Direc·or
--o
I.
c.'--

ｾ\J ･ｮｯｲ｡ｬ＠

-

ｯｲｾ＠

-s---os
I.C. .. _
•

:.

Section 3.02.

prejudice
ｾｩｴｨｯｵ＠

to the provisions of

Sec:ion 3.01 aoove, the Sorrower snail cause Bina Marga to
carry out Part (A) (7) of the Project and snail make avai l able
to 3ir.a
ｍ｡ｲｧｾ＠

all :ne· funts reauired for :his
ｾｯｲ＠

ｾｵｲｰｯｳ･Ｎ＠

the purp9ses of :he Nucleus ::s:ate

i

I
I

J
!

Deveiopir.ent unoer Par: (S) of the

ｾｲｯｪ･｣ｴＬ＠

the

ｓｯｲｏ｜ＧＡｾ＠

shail :

(1) relend the portion of the proceeds of the Loan
｡ｬｯ｣ｾ･､＠

for the Project pursuant to the provisions set forth in
Schedule (1)

this Agreement, to the Corporation under a
ｾｯ＠

Subsidiary Loan Agreement to be entered into between the
Borrower

the Corporation, under terms and
｡ｮｾ＠

acceptable to
ｾｨ･＠

｣ｯｮ､ｩｾｳ＠

Fund. The Subsidiary Loan Agreement shall
ｃｯｲｰ｡ｾｩｮ＠

provicie for the execu:ion by the

.of an the

obligations and conditions which the Borrower undertakes
virtue of the provisions of this

to cause
ｾｧｲ･ｭｮｴ＠

by

ｾｮ･＠

Corporation to comply with; and (2) make available to the
Corporation such additional

as shall be required by
ｾｵｮ､ｳ＠

the Corporation to carry out Part (B) of· the Project under
tne Subsidiary Loan Agreement.
(b) The Borrower shall

its rights under the
･ｸｲｾｩｳ＠

Subsidiary Loan Agreement in such manner as to protect the
interests of the Borrower and the
P'..!:"'t)Osas

ｆｾｮ､＠

a·nd to acco:np 1ish the

of th!: Loan, and except as the r.und sha 1i othen1i se

agree, the Borro\·ler sha 11 not assign, nor amend, abrogate, or
Haive

Suosidiary Loan Agreement or any ;:>revision
ｾｨＺ＠

ｾｨ･ｲｯｦＮ＠

Section 3.04. Hithout limi::ation or· r-e:;:r.i::-ion upon
tne provisions of Se::ion 3.03 of this
(a)

?or tne ourooses
of financina., :he
. .

ur.der ?art (A) of :he
Credit
ｾｸｰ･ｮ､ｩｴｵｲｳ＠

ｐｲｯｪ･｣ｾ＠

:
ａｧｲ･ｭｮｾ＠

ｃｲ･､ｩｴ

ﾷ ｾｯ･ｮ､ｩｴｵｲｳ＠

.

ar.d of re:overing the :os:s of

from Settlers, the Borrower shall cause

tne 3ank to

into Smallholaer Credit Agreements with the
･ｮｾｲ＠

Settlers about three years after planting of

palm and

shall be satisfa€tory.
ａｧｲ･ｭｮｾｳ＠

(b)

For tne purposes of ensuring the prompt and effi-

cient management, suoervision and coorciinati,on of
Part (A) of tne

Ｎ ｵｮｾ･ｲ＠

tne

ｯ｢ｾ｡ｩｮｧ＠

Tne respective ter.ns a.nd conditions

Hak Milik for each settler
of saia

ｾｩｬ＠

the Borrower shall, through
ｐｲｯｪｾＮ＠

General of
ｏｩｲ･｣ｴｯ｡ｾ＠

｡｣ＺＮｩｶＧＭｾ

enter into a Smallholder
ｾｳｴ｡･Ｌ＠

-

Develooment
Aareement with· the Corooration
and the Bank under
.
.
.)

terms and conditions satisfactory to tne Fund, provjding for

of

the obligations

the Corporation and the Bank in

of Part or Purts of the Project.
lize the Loan proceeds allocated
of Part (A) of the ｾｲ･ｪ｣ｴ＠
forth in

ｦｯｾ＠

The

ｲ･ｳｰｾｴ＠

shall
ｃｯｲｰ｡ｾｩｮ＠

ｵｾｩＭ

the Credit Expenditures

pursuant to ｴｨｾ＠

provisions set

(1) to this Agreemerit together ·with other
ｓＧｨｾ､ｵｬ･＠

necessary funds which the Borrower shall make available or
cause the Sank to !)e
ｾ｡､･＠

available. The Sma.llhclde:- Dev-elop-

ment Agreement· shail spell out, inter alia, the ·Scope of
smallholder
｣ｩ･ｶｬｯｰｾｮＺ［ｴｨ＠

torate ;eneral
ｯｦ

ｲｾｧｮｳ＠

and duties between the ·Direc-

the Corpora:ion and :he Sank,

Ｎ ｾｳ｡･Ｌ＠

fi nar.ci ng ar.d :-eoay:nent arrangements and res cons i bi i i ti.es in

resoec: of Projec:

Ｑｾｰｬ･ｭｮ｡Ｚｩｯ［＠

and

ｯｰ･ｲ｡ｾｩｮ＠

tenance responsibiiities for development of

. --'-'·

D""OJ. or•

ｐ｡ｲｾ＠

and main-

(A) of the

(c) The Borro\ver shall make available
oa:ir.g

to

the Partici-

through a Financing Arrangement accept-.
ｓｭ｡ｬｩｮｯ･ｾｳＬ＠

aole :o :he

with :he Bank, the proceeds of the Loan
ｾｮ､＠

for tne Sredit Exoendit.ures of Part {A) .pursuant
｡ｩｯ｣ｾＺ､＠
ｴｾ

provisions

Ｎ ｴｨＺ＠

ｳ･ｾ＠

in Secnau1e (1) to this Agreement,
ｦｯｲｾｨ＠

wni:n sna11 oe u:i1izea unoer tne management of tne Corpora:ion.
(d)

holder

The Borrower sha}l cause the par:ies to the SmallCredit Agreements and the Smallholder Dev.eiopment

Agreement, respectively, to perform punctually their respective
obligations under suc.H Agreements.
(e) The Borrower shall exercise its rights unaer the
Financing Arrangement and the Smallholder Development Agreement
in such a manner as to protect the
ｩｾｴ･ｲｳ＠

and the Fund and to accomplish

purposes of the Loan.
ｴｨｾ＠

of the Borrower
No

Smailhoider Development Agreement shall be assigned, amended,
abroga:ed or waived witnout the prior .concurrence. of the Fund.
Se::ion

Ｓ Ｎ ＰｾＮ＠

-r.c
,.,o.no ... Ｍｾ＠
::or-.;·.on
'- ·-::=--·c.·•-.:
o.:.........

{o.-)
of
ｔｾ｡ｭ＠

ｋｨｬＡｳｾＬ＠

ｾﾷｳｯ＠
-no ｄｬＧｲｯＭｾ＠
.,._.__._,_

ｩｾｭ｡Ｚｯｮ＠

Without

or res:ric:ion upon

ｾ＠
01 ;Ｌｾ＠ =·)
...
ｾｯｮｲ｡ｬ＠

..... ＢＧ｣Ｎ［Ｚｾ＠

:o prepare anc

Planning Agency(i3APP=:NAS.)and
ｾｩｮｳＺｲｹ＠

ｳｵ｢ｾｩｴ＠

·r.,·s "-'--"·.c... c:""on-"'!··-"'''
"'r.· o =. -·

the General Conditions, the following event is specified
pursuant to Paragraph (d) thereof namely ·any event speciFirst (a) (2) or Secondly of Section

fi ed in Pc.re:grc.ph
3.01

OT

this

r. Ｂｬｾ＠
o ｾＭ
OfiII.
...
r.::
-:::a_

she 1l occur.
Ｍ｣ｾ I 1 _:: "I
\'
ａ K

ｾ［ｔＭ Ｐ

-'

.
·'

Ｌ｟ＭﾷＮＺＩ＠

-'"-\..

Section 6.01.

oa•c-

v_

L.-

ＭＬｯｾﾷｮ

-1111

... ,·o"n

CL.

The follo\'fing events are specified as

additional cond{tions to the effectiveness of the Loan Agreement within the meaning of Section 12.01 {b) of the General
Conditions :
a)

the execution and delivery of the

ｳｾ｢ｩ､｡ｲｹ＠

Loan

Agreement on behalf of the aorrower and the Corporation respectively, have been duly authorized
or ratified by ell governmental
｡ｾ､＠

:orpcrate

actior!s;
b)

the Finan:ing Arrangement, in form 2Gd
ﾷ＠ t s'n:."ll
r . -•:>\1;
Ｚ＾［ｾＬＮＱＭｷｊＩ＠---;--=---,...-. -o ...
ｾ＠ no ］ﾷｾ｡
11•
v

､ｳｬｩｶ･ｲｾ＠

Ｍｾ .. u
.:.

...:

ｾ＠

;...

\•, ! I. II

:I

-;.. ...::>

-

•• _

ｳｵｾｴ｡ｮ｣･＠

1...,1,

en ·

behalf of

-.

.... ""'"-::
, 11 • .)

J

c) · the SiT,al lhoider

DevsiOJ:i:ent
Acres:::er,t,
in foiill c.nd
.
_,

substance satisfactory to the Fund, sr,a ll have been

and deiivered on cehaif

ｇｾｉｙ＠ ･ｸ｣ｾｴ､＠

..

D.;_...!:lr_
ｾ［＠

.....

-".... '=

-··',.. -:.

-.. -._,

'

"""- ...
• 1\..

I

•' -

- .. ... ,., .., ... ,_
--

..,#.

•...; I • v•t •••'::

--.

Se::i:n

v:

or C:inions,

"'" ......

-r'l.:l

I • \
\ ,:. I

nave :::>een auly

;:-:ent

-:."'oｾｨ｡Ｚ＠

-il

Ｚ［Ｂｳｾｇ
_...,.
w

ﾷ ｾ＠ 1

•

:l,....,
J

.....

by, ar.d ex:cu:ea
｡ｵｾＺＱｯｲｩｺ･＠

ae1ivered on bena1f of, tne Scrrower and the

and

respecｃｯｲｾ｣｡ｴｩｮ＠

:ively, ar.d is legally binding upon the Borrower and tr.e
1n =.c:oraar.ce
r.c:s

cuiy
ｯ･ｾｮ＠

on benalf of,

ｃ｣ｲｾｯ｡ｩｮ＠

i:s ter:ils; (b) that tne Financing Arrange!Tlent
ﾷＮｮｌＺＭｾ＠

':Jy, and executed
｡ｵｾｲＮｯｩｺ･､＠

ｾｨ･＠

and del ivere'd

and tne Sank and is legally binding
Ｓｯｲｾ･＠

u:Jon tne pc. rt i es tnere::o in c.c:oraar.ce •.·li :h i :3 :el.i!s; and (c)
:nat ::-1e

-

...,.:., ,

Development Agre:.'ilent nas been duly au:hor.ized
ｾＺＮＱ｡ｬｨｯｩ｣･ｲ＠

-. --

and "'-

.; 0 , , . ,, 0\"'.:ri

ｾｲｩｃ＠

Ｚｾ･＠

1ega11y binain3
ter::Js.

ｾＺ･ｮ＠

ｾｮ･＠

ｾ｡ｲＺｩ･ｳ＠

on Jenalf

of

Direc-

ana the Sar.k, ar.d is
ｃｾｲＺ｣ｯＮ＠

ｾｨ･ｲＺ｡＠

in
｡｣Ｚｾｲｮ･＠

with i:s

Sec:ion 6. 03.
7i:c ror

The· dcte 1 January l987

is hereby speci-

purJos:s of Sec:ion . 12 . 04 of the General
Ｚｾ･＠

ｃｯｮ､ｩｾｳＮ＠

•'

:ne Sorrower - Accresses

ＲｾＺｲｳ･ｩｶ＠

ｯｾ＠

Se::ion 7.01.
I

as
ｾ･ﾣｩ［ｮＺ｡＠

The

of Finance of the ·Borrower is

ｲ･ｾｳＺ｡ｩｶ＠

ｍｩｮｳｾ･ｲ＠
ｯｾ＠

tne Sorrcwer fer :he purposes

ﾷｾ＠

of
ｓｾＺｩｯｮ

ｓ･｣ｾｩｯｮ＠

Ｎ＠ ＱｾＮＰＳ＠

of the
ｇｾｮ･ｲ｡ｬ＠

Conditions .

7.02 . 1he following addresses are specified

rcr :he purposes of Sec:ion ll.Ol of ·tne General Condi-tions

The Sauci
0

• •

c - . ｾｵｮ､＠ -,..,.,..., for
•

Ｚ［ｾＮ＠

i:)Q),

ｄ･ｶＱｯｾｮｴ＠

•..,.:. .....

Riyadh l!S23
ｋｩｮｧＺ｣ｾ＠
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IN WITNESS WHEREOf, the parties hereto,
ｾｮｩｲ＠
ａｧｲ･ｭｮｾ＠

ｾ＠

tne city
\ 'C."""'
Ｍｾｉ＠

...

ｾｦ＠

-=,· ... -I

.through

thereunto duly authorized, have caused
ｲ･ｾｳｮ｡Ｚｩｶ＠

tnis

｡ｾｴｩｮｧ＠

•

.) "'

ｾ･＠

JaKarta,
a:ove

in
ｳｩｾｮ･､＠

ｒｾｯｵ｢ｬｩ｣＠

ｷｲＱｾＺ･ｮＬ＠

their
ｲ･ｳｰＺｾｩｶ＠

names 1n

of Indonesia as of the day and
in two coun:erpar:s in the Arabic

:a:r. Gf \'.'r.i:n shall' be an original.
ｩ｡ｮｧＺ［ｾＬ＠

FOR

FOR

ThE SAUDI FUND FOR DEVELOPMENT·

THE REPUBLIC OF INDONESIA

By_______________________

By_____________________

MOHAMMAD A. ALSUGAIR
Vice Chairman .and
Managing Director

J.B. SUMARLIN
·state Minister and Chairman
of National Planning Board

{i)
ｓｃｈｅｄｕｌｾ＠

Withdrawal of the

A.

Proceecs of the Loan

The table below sets forth tne Categories of items to be
out of the proceeds of

ｦｩｮｾ｣･､＠

Loan, the allocation of the
ｴｾ･＠

amount of the Loan to each Category and :he percentage of
for tne
･ｾｯｮ､ｩｴｵｲｳ＠

ｩｴ･ｾｳ＠

i;:Ton""r "
so :o oe fintnced . in :acn "'---=...,
J

Amount of the .Loan
Cateoorv
1.

ａｬｩｯ｣｡Ｚ･､Ｈｾｸｰｲｳ＠

in Saudi Rivals)

Construction or rehabilitation
of about 3,000 settler houses
and water
including ｳ｡ｮｩｴｾｯ＠
supply(Part A(3} of ｾｨｩｐｲｯｪ･｣ｴｽ＠

7,800,000

Percentage o
Expenditures
to be fir.anc

ＶＷｾ＠
of Tota
Expenditures

2. Provision of agricultural

machinery and road ･ｱｵｩｰｭｮｾ＠
(Part A(4} of tne Project}

3.

4

I

ＱＰ

5,700,000

of Iota
tures
ｾ＠

ｾｸｰ･ｮ､ｩ＠

Construction or rehabilitation
of about 135 ｲｾ＠ of main access
roads inciuding the necessary
bridoes and culverts
(Part A(7}(a) of the Project)

12,400,000

of Tota
::xpenditures

Construction and equipping of
palm oil .factories including·
ancillary water and power
supplies and construction of
bulking ｦｾＺｩｬｴｹ＠
(?art B(4) of the Projec:)

5C,COC,COO

::x Jend i :u res

ＱＰｾ＠

tv1o

........ . Provision of Consultancy Services
for the two oa1m oil factories
(Part 8(6) ｯｾ＠ the Project)

ｬｏｇｾ

［＠

of Iota

lOC;o of Tcia
l, ｾＰＬ＠

000
ｾｸｰ･ｮ､ｩｴｵｲｳ＠

Provisipn cf Consultancy Services
for engineering and cons:ruc:ioo
suoervision for. Part A(7) (a)
(Part C(l) of the Project) .
7. Una 11 ocated
TOTAL

c.

3.

no withdrawal snall
｡ｾｯｶ･＠

1,200,000
12,800,000
9!,300,000

the provisicns .of Paragraph (A)
ｬ［｣Ｚｾﾷｩｴｮｳ｡､ｧ＠

1)

ｾ･＠

made in resoect of pay-

prior to 31.3.!986;
ｾｸ･ｮ｣ｩｴｵｲ＠

2) Taxes levied oy, or in the territory of the
Borrower on aoods and services, or on the
importation,

procurement or
ｭ｡ｾｵｦ｣ｴｲ･Ｌ＠

supply thereof.
C.

Notwithstanding the allocation of an amount of

the Loan or the disbursement percentages set forth in
the table in Paragraph (A) above, if the Fund has
reasonably estimated that the amount of the Loan then
allocated to any Category will be insufficient to
finance the agreed percentage of all expenditures in
that Category, tht
ｾｵｮ､＠

r.1ay,

by

of Tota
Expenditures

1ｏｃｾ［＠

notice to the BorrO\·Jer:

ｲＺｾｩ｣･＠

(1)

ｃ｡ｾＺｧｯｲｹＬ＠

:o su:r.

ｾｯ＠

the

･ｸｾｮｴ＠

requir::

:o m:s: :ne :s:ima::d sncr:fall, proceeds of the Loan which
are
ｾｨ･ｮ＠

or alioca:ed
ｵｮ｡ｩｯＺｾ･､＠

ｾｯ＠

｡ｮｯｴｨ･ｲ

and

ﾷ ｃ｡ｾ･ｧｯｲｹ＠

wnich in the opinion of the rund are not neeaed to m:et other
and (2) if such reallocation cannot fully .meet
･ｸｾｮ､ｩｴｵｲｳＬ＠

est1mat:d shortfail, ·reauce the disbursement
ｾｨ･＠

tnen

appltcabie to
ｳｾ｣ｮ＠

unc:r such
｜ＧＺｾｲＮ｡ｴ｣ｩｳ＠
｣ｾＺｲ･ｳ＠

ｃ｡ｾＺｧｯｲｹ＠

･ｸｾｄ､ｩｵｲｳ＠

percentage

in order that

further

r..ay continue until all expen-

:ner:ur.d:r snail nave been made.

SCHEDULE (2)
Descriotion of the Project
The Projec: consis;s of the following Parts
:>II...,( ,,ｾ＠ )
. ＬＢ｜ｾｩ＠

:

Smallho1der
ｄ･ｶｬｯｾｮｴ＠

Smallholder aevelopment in the South Bengkulu
ｄｩｳｾｲ｣Ｚ＠
of Be gkulu Province, as iollows :
,
Land clear! ·g and establishment of about
3,000 small6,000 ha of oil paim ·for ｡｢ｯｵｾ＠
holders and cons;ruction of about 360 Km of
fann tracks including bridges. and cul.verts.
2.

Development of about 1,500 ha of land for
houses, gardens and food-croos · for the new
settler families.

3.

Construction or rehabilitation· of about 3,000
settler houses including ﾷｳｾｮｩｴ｡ｯ＠
and water
supply.

4.

Provision of agricul.tural machinery and road
equipment.
"

5.

Provision of fertilizers, seeds or seedling,
pesticides, and other agrochemicals (in kind
or loans) for food crops for 3,000 settlers
during the first y;ar as well as subsistence
loans for se:tlers on newly aeveloped land
and issuance of land ownership ｣･ｲｾｩｦ｡ｳ＠
for s;:tiers.

o.

or expansion of a6out 17 viliages,
and ｣ｯｮｳｾｲｵＺｩ＠
or ｲ･ｨ｡｢ｾｬｩＺｴｯｮ＠
of ･ｸｩｳｾｮｧ＠
ｶｩｬｾ･＠
infrastructure, such as, but not
limited to, mosques, markets, community halls,
health and, educational ｦ｡｣ｩｬｾ･ｳ＠
including
the necessary utilities.

7.

Construction or ｲ･ｮ｡｢ｩｬｴｾｯ＠
of; (a) about
the
!35 ｾ＠ of main access roads ｩｮｾｵ､＠
ｮ･Ｚｳｾ
ﾷ ｡ｲｹ＠
bridges and c:.J 1ve:--ts, and ( ｾＩ＠ about
7 3 ｩｾＱ＠ of pri;r.ary and secondary vii ·l age roads

ｃｯｮｳｾｲｵＺｩ＠

;• n,..
..... ·, llri
.,_ ,. nc
-

a.

PART ( 8)

no- -rae:
nncs
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ｾＬＮｮｯ＠ ,._

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- .

Cons:ruction of about 120 ｾｯｦ＠
ｾ｡ｩｮ＠
collec:ion
roads including the necessary bridges
and cui verts·.

Nucleus Estate Develooment
Nucle:.Js estate development by the Cor.poration in the
South Bengkulu District of Bengkulu Province, as
follm'ls :

1.

Land clearing and establishment of about 2,ooo·
,
na of oil paim .including nurseries and construction
including
of about 120 Km of farm ｴｲ｡ｾｫｳ＠
bridges and ｣ｵｬｶ･ｾｴｳＮ＠

? -

rf"lolf:t- ... ｯｲｾｩｦＢｬｮ＠

vw••• we - - - • • • •

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ｏｃＧｾＲｩＭ＠

ｨｦＢｬｴｾｮＬＮ＠

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Ｌ｟Ｎｾ＠

J

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....,....., ... ., .....
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1

facilities and other buiidings. \·litn sanitation,
water and power supplies.
3.

Cons:r:.Jction of about
and viliage roads ｩｮｾｵ､ｧ＠
Jrio9:s and ｣ｵｬｶ･ＺＭｾｳＮ＠
ＱＴｾ＠

Km of ｭｾｩｮ＠
:o11e:tion
:he necessary

Ccnstruc-:ion of tv:o pc:1m oil
fa:tories - 2C ton ｆｴｾｳｮ＠
Frui-: 3unches per hour
(Ft5/hr) capacity in Taio -subais:rict and 40
ton FFB/hr capacity in Seluwa subdistrict including ancillary \-Jater and po\'Jer supplies
end construction of bulking facilities.
5. Procurement of venicles,
roa·d construction equ i pmen ｾＬ＠
agriGultural