Selanjutnya

ｬｾｉ＠

ｴｾｇｄ＠

Or SAUD!

ARAB 1 A

IH:: SAUD I FUND FOP.
ｄＺｖｅｾｏｐｲＭｩ］＠

•

LOAN AGRE=:MENT

.

.

D:::VELO?r·i=:NT OF SURJl.BAYA PORT PROJECT

( PH.O.S=: I I )
•

•

TH:: SAUD I

rOR DEVELOPMENT
ｆｕｴｾｄ＠

AND
•

.

ｉｈｾ＠ ｒｾｐｕｂｌｉｃ＠

INDONESIA

OF

•

Loan
ｾＱｯｮ｣＠

-.
ｃＮｯＺＭｾｳ＾ｮ､ｩ＠

-

ｬｾｯＮ＠

: 7/262

.

or.

:

Jumada· A 1 Than i

ng

't:O

:

--

LI ,

February 25

7

1407 AH

1987 AD

I

ｾｎｏ＿ｉｃａｌ＠

.

IRANSLATION

•

LOAN NO.

: 7 /26 Z

,,. ..,. ___ t,_,,_
a
ｮｯｲｾＺＮﾷ［］｟Ｌ＠

｣ｯｾｲ･ｳｮＱ＠

l

-

•

oa-ced Jumada Al Tri a r1 1. 2-/ ,
Feoruary 25, 1987

"t.O

•

TH:: SAUDI FUND FOR ｄｾｖｅｌｏ＿ｦＭＱｩｉｔＬ＠

Saudi Arabia,

1"
...:

_..,. 07 .. ;...••••

P.• D. be"tween :

Ri -vadh,

Ｈｨ･ｲｩｮ｡ｦｴｾ＠

ｴｾｩ＠

nadom of

-

calied . the Fund), ｲ･ｰｾＭ

sen"ted by H. E.· Dr. Saleh. H. Alhumaidan, Deputy·

•

•

Managing Oirec"tor for Technical Affairs

•

and
•

2

ｔｈｾ＠ ｒｾｐｕｂｌｉｃ＠

-

ｂｯｾｲｷ･Ｉ＠

·

OF 1NDON£SIA (hereinafter cailed the

ｲＭｾ［＠

represented by H. E. Dr. Radius Prawiro,
r. is ter of Fina nee

•

•

•
•

-1ne
- -

P.•
ｾｯ＠

.

nas

ｾ･ｲＭｯｷ＠

ｲ･｣ｵｳｾ＠

•

.

-

.
+n
·
o
1una
... ｾｯ

ﾷ＠

•

orant i ·t a loan

-

in the financing of Development of Surabaya Port
｡ｳｩｾ＠

Proje=t (Phase II) ｴｩ･ｳ｣ｲ｢ｾ､＠

-

in Schedule (2) to this Aareement

(hereina7ter calied the Proje=t);
The Borrower> by an agreement dated Sept:ember 13> -

B.
1984

a ioan ir. the amoun"t of Eiohtv
- Si;: million
ｯｾ｡ｩｮ･､＠

-uo 1. .1 a
ｾ＠

the Asian
ｦｲｯｾ＠

ｾｳ＠

•

(nereinaf"ter referred t:o as ADB Loan)
.

-

c1nG oart .of

c-cJ· o.--

th o
-

•

i

-- -

.

Bank

ｾｯ＠

ｄ･ｶｬｯｭｮｾ＠

,

assist in finan-

accordance vii th the tenns

1n

and cortditions therein set forth;

c.

The· purpose of the
.

｣ｯｵｮｾｲＱ･ｳ＠

..

.

1oans

in their

rund is to assist

economies ana• t:o
•

necessary for the execution

.

developing

provide them with

of their

development

•

projects and programs;

0.

The rund is convinced

Project

of the

-

.

01

the

.

and its beneficial

effects for.the

develooment of the friendly people

--.. .

Ｑｭｰｯｲｾ｡ｮ｣･＠

.
ｯｾ＠

economic
.

Indonesia; and ··

The Board of Directors of the .rund has agreed,

'

in view of the foregoing, by its ｒ･ｾｯｬｵｴｩｮ＠

No.5/39/445

dated 4.3.1405 A. H. corresponding to 26.11.1984 A.D : to
•

arant the Borrower a loan on the te?'"tns and conditions set
..

ｾ＠

ｦｯｲｾｨ＠

in this Aareement.
ｾ＠

NOW
foliows

:

ｔｈｅｒｾｏ＠

the parties

ｨ･ｲｾｯ＠
•

hereby agree as

•

Ｍｾ

Ｍ

• •

ＬＭ

ﾷ

Ｍﾷ

Ｍ

•

ARTICL!: I

General Conditions; Definitions
•

::::.
.::. - - ,· '"' n
ｾＭＢＧ＠

,1 . o-.!. •

.

The oa:::1 es -:o this
ｾ＠

ｾ｡ＭＮＺｭｯｮ

-

•

-

-

-

• • -

ar-.::.n- \.-.- ｾ＠
l-

ell the provisions of the General Conditions Aoolicable to
.

Loan

Agreemenl:s of tne Fund issued by

Resolution of the

Board of Oire=tors of the Fund No. 11/14 da"t:ed

Rajab 29,

1396 A. H .• corresponding to July 26, 1976 A. 0., with the
.

-

same force and effect as if they we r e fully set forth herein
(said General Conditions Applicabie to Loan Agreemenl:s,of
•

.

the rund being hereinafter called the General Conditions).
Se':tion 1 . 02.

Wherever used in this Aoreement,
unless
•

the con"Cex t

the

other\·1i s e requires, the s ev era l terms defined in

General Conditions and the

have the

Preamble to this Agreement

respective meanings there i n

set forth and

following additional
terms have the fcl1ov:ing m-=anings
•
a)

"The Corpora ｾｩｯｮ＠

11

the ·
•

means Pe rum Pe 1 abu han I I I, a

Statutory Corporation established by the Govern•

ment Regulation No. 16 of 1923 which was amended by
the Government Reau
- 1 a -c ion i'fo .· 6 of 1923 c.s -r:he same
may be amended from time to time , and in
｡｣ｯｲ､ｾ＠

.'
.. "

wi-.:h the Borrower•s Law No. 19 of 1960, to control
the management ana operations of Surabaya Port and

•

32 Smaller Ports in the region.
b)

Ｂｐｲｯｪ･｣ｾ＠

- . .. . .
fa::ili-::ies" means the 1a=1111:1es

anc :au1omen-:

unoer tne

•

--- - -

-

- .

r"\,;:..

ｐｲｯｪ･ＺｾＮ＠
•

,..._ ,\

"Subsidiar")' Loan Agreement" means tne
•

Aareement
ｾｯ＠

be
･ｮｾｲ､＠

ｩｮｾｯ＠

Borrower and the Corooration

the
｢･ｾｷｮ＠

ｰｵｾｳ｡ｮ＠

to

the provisions of Section 3.01 (b) of
this Agreement as the same may be amended
.fr.om time to time.

•

•

II
ａｒｔｉｃｌｾ＠

The Loan

-... ---ion -,, . o·
-=-.

ｾ＠

ｾ＠

I

•

.

.
ｾ＠

=>

---

-

.

or, -no
'-

::o nG i-.:-1 o ns in tne

or referrec

an
ｾｯ＠

.

:.o 1enc

!.O

.
-n
oI..

Loan Aareement

of Seveni:::y
｡ｭｯｵｮｾ＠

.

a r "' -= -::

ｳ･ｾ＠

ｦｯ［ｾ

ｨ＠

million (72,000,000)

1wo

Saudi Riyals.
·The Borrower sr.all be eni:::itled 1:0 withcraw i:::he amount of the Loan from the Loan Account in accordance
.

.

.

\vi th i:::ne orov1s1ons of Sc r1eciu 1 e ( 1) 1:0 this Agreemen1:, as such
Schedul e mav oe amended from time to

.
ｾＱｭ･＠

J

bv
J

a a reemen t b-el:.\veen
-

•

the Fund and the Borrower, for

･ｸｰｮｯＱｾｵｲｳ＠

made (or, if the

Fund shall so agree, 1:0 be maoe) in respect of the reasonabie

- aoocs
-

cost

07

.

and services reau ired f o:- the Project and i:::o be
.

financed out of the .oroceecs of the Loan.
'

.

_.

-

-nc.-

;:..,v,..
_, ...

.

' - -\I

'US - \t.=

ｾ＠

ｾｯ＠

J

- 1:.ne
.
aoods
reauired
Tor.

-.

SD2!:111C

ro-ｾｉＮ＠

financinG the

-

carr)'i ng out

.

aooas
i:::o be f i na nc ed
-

OU°t

..

OT

ｲ･ｾｳｯｮ｡｢ｬ＠

-

i::.ne Proj e:::::t..

07
ｾｮ

- - oroceecis
ﾷ＠

.

c

and the methods and oroceciu;es·for
the orocurement
•

-

th err:.

The
ｂｾｲｯｷ･＠

ｭｯ､ｩｦ｣｡ｾｮ＠

by

shall
ｯ｢ｾ｡ｩｮ＠

0

07

-= •no
I

'-

-

The

of the Loan
thereof,

shall be det.erillined bv aareement bei:.'\·,1een the rund and
Borrower subject i:::o

-

.
The Borrower shall apply the proceecs

Se-::-:ion 2.03,

ＱＺＮｮｾ＠

furi:::ner aareement
between
-

the rund's approval before

-

awara1na the
•

•

to be financed out of the proceeds of
｣ｯｮＭｲＺ｡ｾｳ＠

-

the Loan and before effectino anv
ｭｯ､ｩｦ｣｡ｾｮ＠

ｾ＠

in the
ｾｮ･ｲｴＺｯ＠

-

TUT.Ure.

•

-? . 0 4 .

::;. "'- ｾＭ -:-- ,. o n
_,

1989 or sucn

-I c- -.\.. c- .....

The Closing DaL.e sncll be.Decemoer 31,
G·--c.
a'- -

as the rund shali es-.:abl ish.

- nc.
The :-u

•

shcl; promptly

the Borrower of sucn la-r.er daL.e.
ｮｯｾｩｦｹ＠

.

of four per cent

t.he ra-r:e

-

amount

.
The Borrower shall pay a -1oan cnarge
at

. . on -·
? oｾＮ＠

S ･｣ｾＱ＠

01

ＨＴｾＩ＠

.

the Loan withdrawn and

. .
? o.S ec-:1on
-·
o.

payable

.

per annum on the principal

ｯｵｴｳｾ｡ｮ､ｩ＠

from time to -r:. 1. me.

Loan Charge and other charges shall oe
on March 15 and September l5 in

ｳ･ｭｾＭ｡ｮｵｬｹ＠

eacn

year.
Section·Z.07.

The term of the ioan shall be eighteen . years

inciuding a five-year grace period.

-

.... ;... c.
\,...' :

nrincioai amount
.

ａｲｮｯｾｩｺ｡＠

-

mor-.. - .

of the Loan

The
ｂｯｲｾｷ･＠

in accordance

shall reoav
.
with the

Scneduie se-: forth in Scheduie (3) to "':hi s

ARTICLE III

-c.xecu-:1on
. .
-- - -

•

Project through the
ciency and in
engineerins,

....: ! l - s o . . O\._.
.,C),....

(c )

3.Cl.

ｃＺＮｯｲｾｩｮ＠

of the Project
0

I

-...-

-ｾｲＬＱ＠

.-

ｦｵｮ､ｳｾ＠

1

-no
- -

with due diligence and
ｃｯｲｰ｡ｾｩ｣＠

with sound
｣ｯｮｦｲｭｩｾｹ＠

public
ｭ｡ｩｮｾ･｣Ｌ＠

-- .

e111-

financial,.
｡､ｭｩｮｳｾｲｴｶ･Ｌ＠

and Port practices·
ｵｴｩｬｾｹ＠

and shall provide or cause to be prov·ided,
ｾｮ･＠

ｾ＠

as needed,
ｰｲｯｾｴｬｹ＠

.

ｾ｡｣ｩｬｴ･＠

and other resources required for the

ourpose.
(b)

The Borrower shall relend the

of the Loan
ｰｲｯｾ･､ｳ＠

the Corporation under a Subsidiary Loan Agreement
ｾｯ＠
•

into
･ｮｾｲ､＠

be
ｴｾ＠

.

.

the Borrower and the Corporation, unaer
｢･ｾｷｮ＠

terms and conditions which shall be
.

The Subsidiary Loan

to the Fund .
｡｣･ｰｾ｢ｬ＠

"shall orovide for the execution
ａｧｾ･ｭｮｴ＠

by the Corooration of all the obligations and conditions which
tne
ｳｾｲｯｶＱ･＠

by
ｵｮ､･ｲｾ｡ｫｳ＠

Aoreemen::.
-

...ｾｯ＠

of the provisi6ns of this
ｶｩｲｾｵ･＠

=ause the Corpo1-ation to comply with.
•

(c)

1ne Borrower shall exercise its rights under the

Subsidiary Loan Agreemen::. in such a manner

-

as

to protect the

•

riahts of the Sorrower ahd the Fund and to accomolish
.
.ourooses
.

of the Loan, and exceot
. as.the

-

... n·

I..

o
-

Fund shall otherwise

aaree the Borrower shall not assian, nor amend, abroaate,· or
-

-

waive the
Subsidiary Loan Agreement or any provision thereof .
•

•

ｗｩｴｮｯｵｾ＠

(d)

C:::.0-•1' .-.-

{ ;:: \

'

--- -

ｾ＠

'""'' !

--

.... ·n

of Paragraoh
ｧ･ｮｲ｡ｬｩｾｹ＠

c Bn-,.,o. . . . . 0 ·-·

t"'"
ｾｲＱ］Ｎ

.

ｾ＠

-

Ｚ＠

1

. . _ a,_.
. .. r:"':=-'e
,,:-t .... ••-,,,_1
1=....., 1 :::.,

oe made available, ｾｯ＠
tne ｃｯｲ｡ｾｩｮ＠
ｯｲｭｾ
ｬ Ｉ Ｇ＠
Ｎ＠. in ｡､ｩｾｯｮ＠
to the Loan oroceeds and the
as ｮｾ･､｣
.
oroceeds o .- ADS Loan, a 11 other funds whi=h shall be
reauired for the carrying out of ·the Project (including
any funds that may be required to ｭ･ｾ＠
any increise in
.
the cost thereof beyond the ･ｳｴｩｭ｡ｾ､＠
cost); all sucn sums
.
to be made available on terms and conditions acceptable ｾｯ＠
the Fund.

0 :"

cause

the
ｬｩｭｾｮｧ＠

ｾｯ＠

shall cause the CoroorcSection 3.02 . The Borrower
•
.
.
ti on to furnish to the Fund, promptly upon their prepara•
t i on, the plans, soecifications, reports, ｣ｯｮｾｲ｡ｴ＠
documents
and ｣ｯｮｳｾｲｵｴｩ＠
and orocurement schedules for the Project,
and any material modification thereof or addition ｴｨ･ｲｾｯ＠
in
.
such ､･ｾ｡ｩｬ＠
as ｾｮ･＠
Fund shall reasonably reauest
.
Sec t i cm 3. 03.
In order to assist the Corporation in
the suoervision of the execution of the ｐｲｯｪ･｣ｾＮ＠
the Borrower
.. . .
Sl1C. : . - -·
Corooration
to ernoiov
.
.
... comoeient and aualified
.
... - - ｾ･＠
ｃｯｮｳｵｬｾ｡ｔｓ＠
whose ｱｵ｡ｩｾ｣ｯｮｳＬ＠
experience and t.erms of
service are satisfa:::::o!"')'.

-

in carrying out th; Project the Borrower
shall cause the Corooration
to.emo1ov
comoetent
and aualified
.
.
.
.
｣ｯｮｾｲ｡ｳ＠
and suppliers ｡｣･ｰｾ｢Ｑ＠
to the Fund upon terms
and conditions satisfactory to the Fund.
S e:::: -.: i o n 3 . 04 .

-

•

Section 3.05.·
tne
ｃｯｾｲ｡ｩｮ＠

The Borrower shall appoint or cause

appoint a
ｾｯ＠

Manaaer
- anc a full

.
-1m..... =

-..

.

qualified Project
ｳｵｩｾ｡｢ｬｹ＠

-

.

. . -- . . .

ｶｲｯＱＰＭｾ＠

Ｍｾ｣Ｑｮ･_ , . _

.
Ｐ

-

- ·ｾ＠

-

.
.
-n_,_oJo-r1
- ·- ' - ·

Ｍｾ I V •

'-

'::'

•

The
ｐｲｯｪ･］ｾ＠

shall have
ｾｮｧｩ･ｲ＠

for the
ｾ･ｳｯｮｩ｢ｬｴｹ＠

d a)'-.;:: o - d a y i mp i em er.-.: a t i o n a n d coo rd i n a-.: i on of a 1 1 asoec'ts
•
o ;- the Project..
...
S·ec1:1. or: ..:>.

ting

｡ｾ＠

o:

•

The Project Office currently opera-

the Port of Surabaya shall serv: as the Project
｡ｾ＠

Office for this Project.

The Borrower and the Coroora.

tion shall assure that the Project Office will be
adequai:ely si:affed with suitably qualified technical,
administrative, and secrei:arial staff necessary to ensure
ｾﾷｮｯ＠

I..

ｾＱﾷｭ

-

...

ana' :::.-ucC 0- SST-Ul

Ｐ Ｑｶ＠Ｍ
·- .
ｾ＠

Ｐ ｟ｾ

ｃｏｭｰｬ

o-,-

ﾷ Ｑﾷｯｮ＠

addition to supervising the physical
-.:ne
＿ｲｯｪ･］ｾＮ＠

---

-nc
.,,...._,•. . ,. .
\...• ｜Ｌｾ＠

V

•

-

"'-

D,

roJ·o_r_t.

In

of the
ｩｭｰｬ･ｮｴ｡ｾｯ＠

Office shall aiso be resoonsibie for
ｐｾｯｪ･］ｴ＠

ｾｮ･＠

ｾｮﾷ＠

Task Force referred

in Section3 . oa_,
ｾｯ＠

-

OT

'

this Agreement, re9ara1ng

bui1ciina of the Cor-

-

ｩｮｳｾｵＭＮＺｯ＠

poration and improvement of oort operations.

..::>eci:1on
. .

3.07.

-1ne
· Borrov1er s ha 11 cause the CornGra-

tion to obi:ain access to land and water areas reouired
for
•
.

.

•

the construci:ion and operation of .the lni:e:national Container
•

Terminal and shall acquire all such areas and any related
rights over land and water, as and when needed .
•

The Borrower shall cause the

3.08.
ｓ･ｾｴＺｩｯｮ＠

ｃｯｲ｡ｾｩｮＬ＠

o7 t:ne Interna;::ional Con;::ainer Terminal ,to suoervise
｣ｮ･［｡ｾｩｯｲＮ＠

the development of an operat:ional plan for tne

ｬｮｾ･ｲ｡ｴｩｯ＠

-

...I.. no- establishment of +n
... · o necessary

personnel

and labor practices, the preparation of
ｳｾｲｵ｣ｴ･＠

.

an ope.r ational manual, the design of informa-:ion systems and
orocedures,
the deL.ennination
the
.
. of container tariffs,
.
design_ of workshop layout and installations, the preparation .

-

of an eauipment and spare parts management system, and the
design and

of all associated
ｩｭｰ･ｮｾ｡ｴｯ＠

ｾｲ｡ｩｮｧ＠

.

reau 1 re-

ｭ･ｮｾｳＮ＠

.

Sec;::ion 3.09.

The Borrower shall cause the Directorate

General of Sea Conununications of the
;::ions

ｾ＠

ｾｲ＠

ｍｩｮｳｾｲｶ

-Ｍ

.

of Connnunic::-

a Task Force consisting
of officiils from tne
.

Di rector a L.E: Genera 1 of S:a C0t"u11un i cations, tne Coroora ti on
•

.

and other port-related bodies, to supervise, with the assis•

.

1:ance of the Consultants engaged for this purpose, the impiementation of programs that

•

ｲ･ｩ｡ｾ＠

•

to the
ｩｮｳｴｾｵｯ＠

building

of the Corooration, and in particular for deveioping operational
and

programs for improving break-bulk cargo handling
ｾｲ｡ｩｮｧ＠

•

productivity

•

ｾｴ＠

Surabaya Port .

•

....

,

.l 7 0 I ,
Ｎｌｾｕ＠

,,(,,U

•

Sect:ion 3.10.

--

+no
..

in

ｲ｣Ｍｾ -

•

ｾｨ･＠

..,./-.,JI

c

..- i· or. -+

....

The Borrower unde;1:akes t:o cause
ensure
- • •
• -

V

ﾷｾＭ

-•tG ｾ＠

.
repair, anG.
ｯｰ･ｲ｡ｾｩｮＬ＠

.

- ---__ ...
:...-:..- .. r.1. "-:::.:

ｭ｡Ｑｮｾ･｣＠

｟ｮｾ＠

.

ｾＺＲＱｮ｣＠

- r>roJ·
.

'

01

-

equipr.ient., sha 11 be carried out in .cart bv

.

.

･｡ｵｩｯｭｮｾ＠

Ｐ

-

-- Ｍｾ＠

.

suppiiers, under the
conditions of contraci: for
,
.

to be orocured
under
the
various it:ems of eouion1ent
.
.
.
.
Project.
Section 3.11.

The Borrower

to cause
ｵｮ､･ｲｾ｡ｫｳ＠

the Corooration to ensure that a suitably qualified
and exoerienced manager of the ln1:ernational
Cont:ainer
•
Termina1 shall be aooointed
not less than two -years
..
,
.before the scheduled start of the International Con.

tainer Terminal

...
ooera '-ions ..

This manaaer
- shall be

•

responsible for _s t.aff recruitment and trainin9, . and

-cl

.

.

.

necessary or=-ooerational ac1:iv1-

•

.

i:1es. ..

'

ｓ･］ｾｩｯｮ＠

3.12.

The Borrower shall ensure

.
-no
'- ｴｨ｡ｾ＠

•

aci:ivities of its department:s and aaencies
.,.,;th resoe::t
.

t:o the carrying out of the Proje=t and
Project: .facilities are

ｯｰ･ｲ｡ｾｩｮ＠

and · coortinai:ed i-n
｣ｯｮ､ｵｴＺｾ＠
•

with sound administrative policies and
｡ｾ｣ｯｲ､ｮ･＠

•

.

proceoures.

'

-

OT

•ho
'- -

•

.

The Borrower shall insure, or cause

Section 3.13.
the
ｃｯｲ｡ｾｩｮ＠

insure, the imoorted
ｾｯ＠

•

-

'

?OOCS

...:...0

De

.
.
-no
oroceeds of tne Loan aaainst nc.z.=rcs
f i raanced out of ...

-

inciden"C to the acquisition> transportation and delivery
thereof to the place of use or jnstallation, and for
such insurance, any indemnity
ｳｨ｡ｬｾ＠

•

be payable in a

currency freeiy usable by the.Borrower or by the Corporation to replace or repair such . goods.
(a) The Borrower shall cause the

Section 3 . 14 .

Corporation to : (i) maintain records and procedures
adequate to record and monitor. the progress of the Pro.

ject (including its cost and the benefits to be derived
therefrom), to identify the goods
and services financed
.
OU "C

-

01

. ' of the Loan>
the proceeas

.
:n
...
--

.
U --

...

·n

-:::.:
-

I

-

W

to disclose their

(ii) enable the Fund's representa-

P-oJ· "'C• .
.

｡ｮｾ＠

ｾ＠

tives to visit the facilities and construction sites

included in the

and to examine the goods financec
ｐｲｯｪｾ］ｴ＠

ou i:: of the proceeds of "the L_o an _and any re 1 evant records
and (iii) furnish or cause to be furnished,

and ｡ｯ｣ｵｭ･ｾｳ［＠

to the Fund
｡ｾ＠

-

reau1ar
ｩｮｾ･ｲｶ｡Ｑｳ

Ｎ＠

all such information as

the Fund shall reasonably request concerning the Project,
its cost and, where
｡ｰｲｯｩｾ･Ｌ＠

the benefits to be derived

•

-- -

-Trom

,....

ｾ＠

'

- . -. --

the .expenditure of the proceeds of the Loan and

ｾＬ＠

.

the 99ods and services fi nanced out of such proceeds .
( b)

The Borrower shall cause the

enable the Fund's
ｲ･ｰｳｮｾ｡ｴｩｶ＠

ｾｯ＠

ｃｯ［ｰｾｲ｡ｴｩＮ＠

examine all p1ants,

installat i ons, sites, works, buildings, property, and
equipment of the Corporation and any relevant records and
.

.

aocumen"C.s.
Section 3.15.
a 11

1 ne

Borrov1er u nd erta kes "C.O ensure that

ooods and services financed out of .._ho proceeds of the

-

I.

-

Loan shall be used exclusively for the ?reject.

ARTIC.Lt. iv

Covenants
ｐ｡ｲｾｩ｣ｵｬ＠

.

-.

Se::-: ion .,.r. . 0,

ne::essary

The Borrower shall

....• ._..,

..

•

.•

to assure that the hign
｡ｲｮｧ･ｭｾｳ＠

• •

ｶｯｬｾ｡ｧ･＠

•

power

cable presently running underneath
ｾｲ｡ｮｳｭｩｯ＠

the site of the proposed container yard

is rerouted

before the co11unencement of the· dredging works;
(b)

ensure that all

tion of the remaining

removal or demoliｮ･｣ｾｳ｡ｲｹ＠

on the site of the
ｳｴｲｵ｣ｾ･＠

yard that will be constructed under the
｣ｯｮｾ｡Ｑ･ｲ＠

.D roJ. ec ...1..,

be comp 1 eted by Ju 1 y 30 ,·
ｳｨｾｬ＠

-·
1ne Borro\"1er s ha 11 at all times

Section 4.02.
:ause the
ｃｯｲ｡ｾｩｮ＠

to

•

•

•

within
｡｣ｾｩｯｮ＠

ｾｳ＠

｣ｯｲｰ｡ｾ･＠

.
･ｸＱｳｾｮ｣Ｌ＠

Ｍ ｾｰ･ｲ｡ｩｯｮｳ＠

all
ｲＱｧｮｾｳＮ＠

ｾＹＸＵＮ＠

. .

.

.

ｩｾｳ＠

oovJers

. .... .
ma i n 1..a 1 n
ｾｯ＠

to carrv
- on its

and. to acquire, maintain and renew
. .
ｰｲｯ･ｾＱｳＬ＠
oowers,
and
.
.orivi1eaes
-

franchises which are necessary in the

..

ou•I.. o; th 0
I

•

ｐｲｯｊﾷ

Ｐ

ｾﾷ＠

--

I..

or •,·r.' •... n· 0_ •
｣ｯｮ｡

ﾷ ｵｾ＠

- -

｡ ﾷ ｾ Ｌ｟＠
ＭＮ

Ｌﾷｾｳ＠

..
ｾ＠

•

ous l nes s.

(b)

-

｣｡ｲｹｩｮｾ＠

•

conduct its business in accordance with sound
｡､ｭｩｮｳｾｲｴｶ･Ｌ＠

.

financial, public utility and

•

---· , - - ..

--

facilities, and under the suoervision of
ｰｯｲｾ＠

---omo
ＧＭｾ

0

-

0

n..... a no' experienced

and
ｭ｡ｮｯ･ｾ＠

•
oe:sonner;

ooerate and main"Cain

c)

1"CS

olan:ts,

equipment and other property,

and

from time to time, promptly as needed, make
all necessary

and renewals
ｲ･ｰ｡ｩｾｳ＠

ｴｨ･ｲｾｯｦＬ＠

all in accordance \v·ith sound administrative,
.
.
financial, eng1neer1ng, public utility, .oort
and operational
ｭ｡ｩｮｾ･｣＠

d)

ｰｲ｡｣ｾＱ･ｳ［＠

keeo the Fund informed, on a

any decisions

basis, PTｾｩｭ･ｬｹ＠

by the Borrower which may
｡､ｯｰｾ･＠

affect the legal status of the Corporation or
its responsibility for management and ooeration
of the Port of Surabaya.
Sec-;:ion 4.03.
ｾＱ＠

1

se

a a- r e e ,

t he

•

:-uno

Except as ... no
•

•

w

Co r o
. o r a t i on

'

-

I

I..

.

-

--··

'-

-

\,.,

operations or the disposal -of whicn
ｾｙ＠

ability of the Corporation to perfonr.
its obligations .
•

may

s ha l l . not
.
- ... -s

lease or otherwise dispose of any OT
｡ｳ･ｾ＠
•
...
shall be reauired for •n· o --1--1°n• carrying
0

•

ｯｾｮ･ｲＭ

'

s c: l 1 ,
ｶｾｨｩ｣＠

I,.

ｯｵｾ＠

of its

prejudice the
satisfac"Corily any of

•

Se=-:ion 4.04.
ｾｩｯｮ＠

.

The Borrower shall cause the
. Coroora.

main1:air. records
ｾｯ＠

its
ｾｩ｣･ｳＬ＠

ｾｯ＠

and financial
ｯ･ｲ｡ｾｩｮｳ＠

4.0S.
ｓ･Ｚｾｩｯｮ＠

｡･ｵｾ＠

in accordance
ｲ･ｦｩ］ｾ＠

｣ｯｮ､ｩｾｳＮ＠

Borrower shall cause the

1ne

1:0:
ｃｯｲｰ｡ｾｩｮ＠

a)

have its accounts and 7inancial ｳｴ｡ｾ･ｭｮ＠
( ba i a nee sheet, s-ca ｾ･ｭｮｴ＠
of· income and
expenses, and reiateq ｳＱＺ｡ｾ･ｭｮＩ＠
｡ｵ､ｩｾ･＠
annually, in accoraance with sound ｡ｵ､ｩｾｮｧ＠
•
principles;

b)

Turnish to the Fund as soon as available·.
.
than nine months
but in any case not ｬ｡ｾ･ｲ＠
-.
aT1:er
the close OT- the fiscal year ｾｯ＠
wn1cn
they relate, certified cooies of such audited finan=ial ｳＭ｣｡ｴ･ｭｮｾ＠
and the report of
the ﾷ｡ｵ､ｩｾｯｲｳ＠
reiatina ｴｨ･ｲｾｯ［＠
and

-:

'-

\

-

-

-

.
the Fund such ｯｾｮ･ｲ＠
i. nTorma
1. ion
］ｾｮ｣･ｲｩｧ＠
the ｡｣ｯｵｮｾｳ＠
and finan=ial ｳＭ｣｡ｾ･ﾭ
ｭ･ｮｾｳ＠
of the ｃｯｲｰ｡ｾｩｮ＠
and the audit thereof
as the ｾｵｮ､＠
shall from time to time reasonabiv
-

furnish

ｾｯ＠

ｲ･｡ｵｳｾＮ＠

Se::-:ion 4.05.

The Borrower shail cause the

1:0 furnish 1:0 the fund monthly
ＱＺｨｾ＠

ｲ･ｰｯｾｳ＠

ｃｯｲｰ｡ｾｩｮ＠

.
on the execu-:1on
01-

Proje=t and on the operation and managemen1: of the

Project facilities.
form and in such
､･ｾ｡ｩｬ＠

Such reports
shall be submitted in such
•
and within such

•

•

ｾ＠

period as the Fund

shall reasonably request, and shali ir.dicate. among other
.

•

things,

made and
ｰｾｯｧｲ･ｳ＠

under review,
ｾｯｴｨ＠

ｳｾ･ｰ＠

ｰｲｯ｢ｬ･ｭｳ

during the

ﾷ ･ｮ｣ｯｵｾｲ､＠

or proposed
ｾ｡ｫ･ｮ＠

oe tai:en
ｾｯ＠

to remedy these problems. and proposed program of
｡｣ｾｩｶＭ

ti es and e.x pected progress during the fol-, ov1i ng month_

Section 4.07.

The Borrower shall review the Port
.

.

.

.

.

.

•

tariffs from time - to time whenever necessary to

a

that the Corporation maintains

Section 4.08.

ensure

sound financial situation.

The Borrower shall take out and main-

tain. or cause the Corporation to take out and maintain,
,

with responsible insurers, insurance against such risks
related. to the Project and in such amounts as shall oe
.

consjstent with sound public utility practices.

The Borrower and the Fund confirm

4.09. (a)
ｓ･｣ｾｩｯｮ＠

agre:ment that no . other

.

ｴｨＲｾｲ＠

external debt shall enJoy

.

any priority over th; Loa_n by . \·Jay of a 1 i er. cr;a ted on
aovernrnental
that.

ＺｳｾＮ＠

•

To that
･ｮ､ｾ＠

the Borrower
undertakes
,

as the Fund shal.1 otherv!ise agree. if any 1 ien
･ｸ｣ｰｾ＠

shall be crsated on · any
ﾷ｡ｳ･ｾ＠

.

.

.

of the Borrower
•

as security

•

for any ex-c.ernal deb't, such li.en·wi.11 ioso .facto and . at no
cost to the Fund equally and ratably secure the payment of

the principal
•

of

the Loan, the Loan Charge and other charges

•

on the Loan, and that in the creation of any
ex o r 0_ ss

orov1· _,c1·on
ｷＱﾷｾ＠

lien
ｳｾ｣ｨ＠

b 0-.. . maa'o- +o
... Ｋﾷｉｩｾ＠ - •- - Ｐ _［ ; , Ｐ _ ｾ＠ - _.

•

•

(b) The
{a)

of this

orovided Tor
in Paraoraoh
-

ｵｮ､･ｲｾ｡ｫｩｧ＠

shall not app -1y i::o :
ｓ･｣ｾｩｯｮ＠

•

i )

any lien created on property, at the time

-

OT

purchase thereof, solely as security for the
.

payment of the purcnase price of such properi::y;
ii)

any 1 i en on

a 1 goods to secure a debt
ｾｯｲＱｮ･｣ｩ＠

maturing not more than one year after the date
on which it is originally incurred and to be
oaid out of the proceeds of the sale of such
co111ner-c i al aoods;
pr
•

; ; i )

any lien arising in the ordinary course of
.

banking tra·nsac't,ions and securing a debt maturing not more than one year after
ｩｾｳ＠

date.
•

(c) As used in this

the term "government.al
ｓ･｣ｾｩｯｮＬ＠

asse-c:s" means assets of the BorrC?wer, of any poiitical or
｡､ｭｩｮｾｴｲｶ･＠

subdivision
•

ｴｨ･ｾｯｦ＠

and of any en'tity owned

or con-c:rolled by, or ooerating for the account or benefit
of, the Borrower or any such subdivision, including

gold

•

and foreign exchange assets held by any institution performing th e functions of a central bank or excnange stabilization

fund, or similar .functions, for the Borrower .

-ｉｮｾ＠ ·

Borrower
ｵｮ｣ｩ･ｲｾ｡

-o -- 1·

ｾＺ ･ｳ＠

;,,..

'

t; 1:::

0
,_

c-

Plaque of sui-r.ai:::>ie dimensions from cement

':01 ... Ｎｩ･ｭｯｲ｡ｾｶ＠

or any suitable metal

be fixed in a conspicuous place
ｾｯ＠

in one of tne facilities included in the
the

.

｣ｯｮｾｲｩ｢ｵｴ＠

of the Fund in the financing of the

-.

Proje=t.

i:o snow
ｐｲｯｪ･｣ｾ＠

Sec"tion 4.11.

Promptly

of the
｡ｦｴ･ｲＮ｣ｯｭｰｬｾｩｮ＠

Project, but in any event not later than six months
after the Closing Date or such later date as the fund may

•

agree for . this purpose, the Borrower shall cause the Car-

-

poration to prepare and furnish to the Fund a Project
.,

completion report, in such a reasonable form and detail
cs the

shal1
ｾｵｮ､＠

-'

.
o•-0"'
Oo
• •
• - · G. - •

-..:

--

t ..nc

［･ｱＺＮｩｳｾＬ＠

•

01.

th£: .execution anc:i ini-r.iai

-. .
. r0Jec1.., its costs and the .oene11i:s
D

.

•

...

derived and to be derived· therefrom, the performance by
•

the 5or1·ower of its oi:::>lioations
under the Loan Aareement
-

-

.

and a::nievement of

... n.

I..

o
-

objectives of the Loan.
•

•

•

.•

------

-

=
AR-1r1
l
---

···-- -

v

Remedies of the Fund

----- . .. =- . -- .
..... ＰＭＱＢｾ＠

._,

r
ｾｏ＠

- 1. rs-.
......

- =-: . o r. - . "'"" -

.-o. -n.ou:-oos'=s o -:-- ;:, :

--

.. .... .
nc-:
... 1 o ns, the fol1owing

ｰｵｲｳ｡ｮｾ＠

fied
ｾ＠

n.,

to Paragraoh (f)

::.

r; -::

o-:-- -n
- ·-=-

｡､ｩｾｯｮｬ＠
•
•

to subparagraph (2)
ｓｵ｢ｪ･｣ｾ＠

1)

•

ｾｨ･ｲｯｦ＠

1

of this oaraaraoh

•
•

the right of the Borrower or the Corooration
to withdraw the proceeds of any loan made to
the Borrower or "the ｃｯｲ｡ｾｩｮ＠
for the financing of the Project shall have been suspended,
cancelled or terminated in v1hole or in part,
.pursuant to the terms of the agreement providin g
therefor, or

A)

,

•

B)

any such loan shall have become due and .oavable
prior ｾｯ＠
the agreed . maturity thereof.

Z)

Subparagraph (1) of th'is paragraph shall not
ｾｰＱＩﾷ＠
ｾｦ＠
ths Borrower esi:ab1isnes ｾｯ＠
the satis.
.
ｦ｡ｾＭＺｩｯｮ＠
of the Fund that : (A) sucn susoens1on,
canceilation, termination or .oremai:u:ina is not
.
0
caused bv th - ·failure of ... o- Borro\·!e: or the
Corporatior., as the case may be, to oerform any
of their respective obligations under such
agreement and '(B) adequai:e funcis for the Projec't
.
are available to th: Sorrower or the Corporation
from other sources on terms and condii:ions consisｾｮｴ＠
with the ｮ｢ｬｩ｡ｾｯｳ＠
of the Borrower under
this Aareement.

ｾ＠

-

-

•

-

.... ·n

Secondlv: The Government Regulatidn No. 16 of 1983 by
•
which the Corporation was ･ｳｾ｡｢ｬｩｨ､Ｎ＠
or any
provision thereof, shall have been repealed,
.
suspenaed or amended in any manner which in
the reasonable opinion of the rund will or may
adversely affect the carrying out of the Project or the operation of the Project Facilities .
•

Section 5.02.

For the purposes of Section 7.01 of the

.

.

General Conditions, the following event is specified pursuant
to Paragraph (d) thereof> namely any event
Paragraph First (1)

(B), or Paragraph (Secondly) of Section

5.01 of this Aareement shall occur .

•

•

specified in

ARTICLE VI
ｅｾｦ･］ｩｶ＠

--=-.
,.,
.-. -.
,----or
·nc
- - -- .
'
I

I

-

｣ｯｮ､ｩｾＱｳ＠

-

ｾ｡ｲ｣ｯｭｮＭ

M

-

-· . -

....

•... ＬｾﾷＱ

I

ｾｯＧ＠

ﾷ ｲ＠

I I

+no
'-

-

. . . .
General !....Ona1-:1or.s

a)

Tne

b)

All

0\·'1. ... --

...
ｾ＠

•

t

I

-

ｓ･］ｾｩｯｲＮ＠

- . .or

.

-· -··--

. 0
o--cr--1v
-·I ---

meaninc c7

as

--0:),-- - -

.::> '-' - -

I

&

I - .....

o:- the Loar.
12.01 I'D. ) 07- .,.. ·n o

n°s'
-

-

y

-

and ､･ｬｾｶｲｹ＠
of the Subsidiary Loan
ａ｡ｲ･ｭｮｾ＠
on
behalf
of
the
Borrower
and
the
Corpora1:ion respectiveiy, have ｢･ｾ＠
auly authorized
or ratified by all governmen1:al and coroorate
.
action;
･ｸ｣ｵｾｩｯｮ＠

-.
condi1:ions precedent ｾｯ＠
the c..,--of""-1ven°-- · • __ ......
ADB Loan Agreement, ･ｸ｣ｯｾ＠
only the ･ｦ｣ｾｩｶｮｳ＠
of this Loan ａ｡ｲ･ｭｮｾＮ＠ have been fulfilied.
ＭｾＮＺ＾＠

-

The f o 1 i ov1i no

within tne ·meaning
, . .

--

ｑ｜ＯＰＮＭｾ＠

•
•

Sec1:ion 6.02.

r

I I -

•

the
ｾｯ＠

;.... , •

Termination
ｄ｡ｾ･［＠

of

.

"'!S

｡､ｩｾｯｮｬ＠

-

12.02 (b) of the 'r..ono
-'-·. . . 1
ｓ･｣ｾｩｯｲＮ＠

.

soecified
as an
.

-

OT

:::i

_ona1-:"1ons, to be included in the Leaai Ooinion or opinions 1:0

-

be furnished to -:: i1 e 'Fund , namely, thc.t the Subsidiary Loan Ac ...-oc._
-. - -

ment:

r12.S

oeen duly authorized or ·rc."tified D.)', and
･ｸ｣ｾＱＺ､＠

c.nd

•

a· c11·yoroc o-

•

_.

-

o-oI r
-i:
JG I I

I•

0:I

>

. . . ·n

I..

o
-

and the Co?"'ooration resuecｂｯｲｷ･ｾ＠

.... n c:.- 5or;ower and the Co:-ooraanc 1s legally binding upon .....
.

t i on

1

.

r. a (: :: or Ga n:: e v: i th i t. s terms .
c::.
.
_e:: ...-. 1on

- 03 .
o.

The date

•

30-5-l9S7ADis hereby specified

for the .ourooses
of Section 12.04 of the General Conditions.
.

'

ARTICLE: \'II
of the
ｒ･ｯｲｳｮｾ｡ｩｶ＠

Sec"tion 7.01.
.

.

c;es1cr.c.:.ec
-

"!S

;:oc::
- -

1ne

ｂｯｲｷ･ｾ

Ｍ ａ､ｲ･ｳ＠

of
ｍｩｮｳｾ･ＭＺ

.-cn..-c-:::ir---,·\IC
' - - . - .::. - .• ｾ｣Ｎ＠
...
-

0-=
.

-.

-

ｾＱｮ｡｣･＠

01

"'"n\... ':::: Co-rot::>.-.
...,,, .
\·. - .

ourooses of Section 11.03 of the General
Sec-:ion 7.02.

.

ｾｮ･＠

Borrower

-o•
•

-'-;n c.
-

ｃｯｮ､ｩｾｳＮ＠

The following addresses are

- ..\.. n i::> .ouroos·es
of Sec-:ion 11.01 of the General
Tor
.

-

ｳｯ･｣ｩｾ､＠
ｃｯｮ｣ｩｾｳＺ＠

FOR THE FUND :
Saudi Fund for Deveiooment
P. O. Box 1887
Riyadh 11441
Kinadom
of Saudi Arabia.
-

'Cable Address
SAUDI FUND FOR
ｏｾｖｅｌｐｍｎｔ＠

RIYADH
ｬｾｉｎｇｄｏｍ＠

-1e1ex
'

OF SAUDI ARABIA
•
•

ｾｏｒ＠

201145 SUNDOQ SJ
ｔｈｾ＠

:
ｂｏｒｗｾ＠

...

.. . .

c1· 0
ｉｮｾ･ｲ｡ＭＺｩｯｬ＠

..

... ·...

...

ｾ＠

...

ｄｩｲ･｣ｾｯ＠

-

.
OT- r1nar.ce
General for
ｍｯｮ･ｾ｡ｲｹ＠
Affairs

? . C· . Box 3 3 2 9

Ja "•·::.--' - . -G. ,
ｉｎｏｩｾ］Ｚｓａ＠

•

•

___ .. , - -- - -

-

Cab 1 e Ad·d;es s

•

•
•

r I N!'-1 ｉｲｾ＠

I s1·R y
JAKARTA, ｉｎｄｏｾｓａ＠

Teiex :
.

•'

44319 DC:!'KEU IA

..

45799 DJMLN IA

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ｾ＠ ...· Tr.:-• - -' S 1ｾｮ＠ -r·-n-0ｾＬ＠
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ｯ｡ｲｾＱ･ｳ＠

·,

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-.:: ｾｮ･ｲｵｯ＠
-n°1-.... . - .

ａ｡ｲ･ｭｮｾ＠

-

be sianed in

vear

-

ｾｩｲｳｴ＠

above
ｷｲｩｴｾｮＬ＠

in

t hｾｾ

-

ﾷ ｾ

ｵ｣ｮ＠

.

names, in ·

ｉｮ､ｯ･ｳｩｾ｡＠

two

of the day and
in
｣ｯｵｮｾ･ｲｰ｡ｳ＠

Arabic

l anguage, each of which shall be original .
•

FOR

FOR

TH=: SAUDI FUND rOR DEVELOPt-iEl\'T

-L:-

1 •• ｾ＠

REPUBLIC OF
ｉｎｄｏｾｓａ＠

•

Bv
Ｍｾ＠

SALEH H. ALHUMAIDAN
Deputy Managing Director
Technical Affairs

-·

authorized, have caused
•

the citi of Jakarta, Republic of
.

... Ｑｮｯ＠ ·

｡｣

their respe=tive

-

ｾｯ＠

·ｮ･ｲｾｯＬ＠

､ｾｩｹ＠

ＮＭ｣ｾｲｯ

t:n1s

• ·

.

ｂｹｾＭ

RADIUS PR.A.i·!IRO .

Minister of Finance

r

A . / '-' I

)

.&. ""' ' - ' •

,,/;,,, V

SCHEDULE ('2)
Oescriotion of the
•

The

PART (A)

consists of th= f o 1 i
ｾ･ｪ｣ｴ＠

ｐｲｯＮｪ･ｾｴ＠

-

O\·:i nc

•

•ｃＺｯＱＭｾ -

-.::>

••

: Civil \.Jerks
•

Site preoaration, inc1uding rerouting a 154 KV
power ｾｲ｡ｮｳｭｩｯ＠
cab1e at the site of the
container yard.

1.

.

2.

Dredging and land rec.l.amati.on . .

3.

Construction of an International Container
Terminal consisting
of a two-berth
container
.
.
wharf of about 500 meters long and SO meters
wide offshore and a connecting bridge.of about
,
180 meters in length.

4•

Construction of a container yard on 30 ha of
land including all necessary facilities and
services · required for terminal operations.

•

PART (B)

:

:
ｾｯｵｩｭ･ｮｴ＠

1.

•

2.

Provision of container handling equipment
in=luding spare parts (see Annex to this
- . . 1 e,\ .
ｾ｣ｮ･｡ｵ＠
Provision of other related equioment including
repair and maintenance equipment and ｾｯｬｳＬ＠
eauioment
. .
•
for container moni·toring,
yard
utilitv vehicles, 1fi re•. fi ghti ng and ｯｴｨｾｲ＠
safety equipment, labor faci "lities, and office
equipment and furnishings including the
necessary spare parts. ·

-

•

•

•

•

•

-- -..-.. ,.-.------

-

. n .r

ｾ＠

ｾ ﾷ＠

-

-.

I"'\ -

ｌｩ Ｎ ｾ ｳ＠
ｾ｡ｮｯＺ］ｭ･ｴ＠

"!

s -:i ng

.

1

-

-

and

_...,J • • .;)

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:.11:-ao
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--

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-

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-- -'"' . --- - -- -.: .........-

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c:.
-

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.

ｾ＠

in the
ｾｲ｡ｩＮｮ＠

-

of

.

1

-: s
ｳｾ｡ＭＺＷ［＠

ner

--

building of Pe r um Peiaouhan :II,
.
an d par-:icularly for imoroving ｯｲ､ｵ｣ｾｩｶ
ｴｹ＠
· - •Dor-t... o-= Suraoaya.
07- --n
'ｉｮｳｌＮｩＭ｣ｵｾｯ＠

0

, n '=

.

cnG

L.Ori"C.c 1

and
3

,...m o n :'.:>Ill-, , '-'

...'- 'n c

0-;-

-

ＭｾｩｲＢ｜ﾷＮＧ＠

L.c 1 cost

I

-

OT

the

0
I

.

roJ· ｰＬＮｾ＠
--

-

1

s estimaL.ed to be abouL.

mi llion, equivaient to abou-: SR 58U . l7 mill ion.
.
.
.
CroJ·
o-.
-- "" 1 s exoec:-c.ed L.O be compieL.ed ov June 30,
ｾ＠

--- .

,

•

-

.

SCH=:DUL£. ( 1)
Withdrawal of tne Proceeds of the Loan

h)

-

be 11nanced
of the

-

OT

-

.
-r.ao1e

The

De 1o v: s e "': s

,...•n ·n
·o
•

-

• •

of the-proceeds
ｯｵｾ＠

of
｡ｭｯｵｮｾ＠

..:
I 0

ｾｨ･＠

to
ｾｯ｡ｮ＠

-- ---- · -.

,- ［ＺＭｾＬ｟ｲＢＮ＠

..

\..

-

-

i:ne Loan,

01

-

,.,
v .

..... .

... ne Ca-::ego-:--y and i:ne oercer..:aae
.
-

.
- +n
·
"'
exoena1i:ures Tor
items
so
i:o
oe
11
r1ancea
....

-

•
•

Amount of the Loan
ａｬｩｯ｣｡ｴ･､Ｈｾｸｲｳ＠

Ca-ceaorv
1.

in Saudi R-lv2.ls)

Provision of ｃｯｮｾ｡ｩ･ｲ＠
handling
equipment inciuding spare pari:s
(Part (B)(l) of the Project)

62,000,000

Ur.a 11 oca i:ed
ＱＰＬｾ＠

-Percentaa
. . .e of
ｾｸｰ･ｮ｡Ｑ＠
i:ures

to be f i nanced

100% of Foreign
Exoenditures
,.

•

2.

TOTAL

72,000,000

•

•

•

. .

-r or .. - .ouroose
+n
· o

B)

.

of this Scheduie, the "Cerm ":=oreign

exoenditures 11 means expenditures in the currency•of any country
than the Borrower and for aoods
and services suoolied
. .
ｯｾｮ･ｲ＠

- ..... C)
!10

.• -""-v
OT. ..

-- -

-

-

ﾷＭｾ

-

v:i thdra\·Ja 1 shall

ａ｡ｲ･ｭｮｾ［＠

.,

'

t.

•

''.•

ﾷｾ Ｚ Ｇ＠

....
....

be made in
ｲ･ｳｯｾ＠

•

.
(A)
o=raaraoh
aoove
-

of
ｯ｡ｹｭ･ｮｾｳ＠

..
orior to the• da 1:e of this ··
::.xpenc1-:ures

-1--)

• t ••

-

n d i n c ....... ne
.orovisions 07

o "!: \v i t h s ｾ｡＠
ｲｾ＠

any

'

.

mace 1or

•

•

•

or in the -cer-ri-r.ory 07,
the ｂｯｲｾｷ･＠
on goods or services, or on
the impor-r.ation, manufacture, procurement
or supply thereof.

2)

·1 ax 0-

Loan or the

ｾｨＺ＠

-..1i i l

percen"taoe
､ｩｳ｢ｵｲ･ｭｮｾ＠

in Paraa:-aoh
-

(A)

D o-

.

Loan then
ｾｮ･＠

--. .
1"'s··--1--1°n-

.

.

1:

__. , .

""""

-

""

Ca t
•
•

Loan which are then

forth in the

-

r :._ -"" -::: 0

•

-aor\'
- -'
0

•

•

..

r"\ •

.

-

\ ,

.:::::. -

_.::;.

-

-

.

'-'

-

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ｯ･ｾ｣ｮ｡＠

.,

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---

'''·-= -

... - :

'"a-:-cao-'' ; 1

-r.o
｡ｬｩｯ｣ｾ･､＠

I

.

n ""- _,

-ia:::>le
..
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I

o7 all

.

.

•

the rund may, oy no-c1ce -r.o

shortfall, proceeds of the
･ｳｾｩｭ｡ｴ､＠

and (ii) if such
ｵｮ｡ｬＱｯ｣ｾ･､Ｌ＠

cannot fully meet the

ore er tha-r.

-

of the
｡ｭｯｵｮｾ＠

(i) reallocate to the Category, to the ex-r.ent

reauired to meet the

bursemen-r.

--

o-t-

-co 11nance tne ..aareea
-

ex oend i t.u res

the Sorrower

S

aoove. if the Fund r1a ｾ＠
o7

｡ｭｯｵｮｾ＠

.

,

the allocation
of an
'

ｎｯＢｴｷｩｨｳｾ｡ｮ＠

0)

ｾｮ｡＠

D\'
w

:>

･ｳｾｩｭ｡ｴ､＠

ｲ･ｾｬｩｯ｣｡ｴｮ＠

shortfall, reduce the dis-

'

then applicabie to such expenditures in
ｰ･ｲ｣ｮｾ｡ｧ＠

wi t.hdrav1a 1 s under the
ｦｵｲｾｨ･＠

Category may continue

until all exoendi-r.ures thereunder shail r.ave been

•

ｲＮｾ､･＠

.

ANNEX TO SCHEDULE (2)
List

-

01

Container Handlino Eauioment

Lin i -: s

3

Con-cainer- Crcnes

5

Transtainers
Top Loaders

.4

26/30

Tractor-Trail .er Units (Fifth Wh e el Type )

5

Container Freig.ht Station (CFS) Tractors
( DravJba r Type)

14

CFS Trailers, 20 ft. ( Dra\- • 1994
Sepi:ember 15, 1994
t-iarch 15, 1995
September 15, 1995
u
....arcn. ..., ::.- ｾ＠ 1.996
Sep-cember. 15, 1996
r-".arch 15. 1997
September 15,. 1997
t-\a rch 15 , 1998
September 15, 1998
March 15, 1999
September 15, 1999
t-\a rch 15, 2000
September 15, 2000
. ,-=>, 2001
,. a :""en
.
.
·. c ..... .,... ｾＢ･ｲ＠
15, 2001
March 15, 2002
Sep1:ember 15, 2002
t·iarch 15, 2003
ｾ･ｰｔＮｭ｢ｲ＠
15, 2003
...
h ,- ::>
- • 2004
r1a re
.-::.ecL.emoer !5. 2004
Ｌｾ＠

..,
-

-

('\
.-? ...77n
#_,. ('\"
___

-

.

2.770,000
2,770,000
2.770,000
2,.770,000
2,770,.000
2,.770,000
2,.770,000
2,.75C,OOO

... -;.&•&.w

TOTAL

•
•

72.000,000

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