Selanjutnya

ｬｾｉ＠ ｴｾｇｄｾ＠ Or SAUD! ARAB 1 A IH:: SAUD I FUND FOP. ｄＺＺｖｅｾｏｐｲＭｩ］Ｚｲｲｲ＠

•

LOAN AGRE=:MENT . .

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

( PH.O.S=: I I )

•

•

TH:: SAUD I ｆｕｴｾｄ＠

rOR DEVELOPMENT

AND

• _.

ｉｈｾ＠ ｒｾｐｕｂｌｉｃ＠ OF

INDONESIA

Loan ｬｾｯＮ＠ : 7/262

-

.

.

ｾＱｯｮｾ｣＠

-

or. : Jumada· A 1 Than i

--

LI , 1407 AH

ｃＮｯＺＭＺＭｾｳＺＺ＾ｯｮ､ｩ＠ ng 't:O : February 25 7 1987 AD

I

-. •

• _•

LOAN NO. : 7 /26 Z

,,. ..,. ___ t,_,,_

ｮｯｲｾｾＺＺＮＮﾷ［］Ｎ｟ＬＬ＠ a oa-ced Jumada Al Tri a r1 1 . 2-/ , _..,. 1" 07 . ...: .. ;. .••••

｣ｯｾｲ･ｳｯｯｮ｣Ｑｮｯ＠

-

"t.O Feoruary 25, 1987

• P .• D. be"tween :

l

-

TH:: SAUDI FUND FOR ｄｾｖｅｌｏ＿ｦＭＱｅｩｉｔＬ＠ Ri

-

vadh, ｴｾｩ＠ nadom of

-Saudi Arabia, Ｈｨ･ｲ･ｩｮ｡ｦｴ･ｾ＠ calied . the Fund), ｲ･ｰｲｾＭ

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

•

•

Managing Oirec"tor for Technical Affairs

•

and

•

2 - ｔｈｾ＠ ｒｾｐｕｂｌｉｃ＠ OF 1NDON£SIA (hereinafter cailed the

ｂｯｾｲｯｷ･ｾＩ＠ represented by H. E. Dr. Radius Prawiro,

P .•

• •

- -

1ne

-

ｾ･ｲＭｲｯｷ･ｲ＠ . nas ｲ･｣ｵ･ｳｾ･｣＠ _. •

•

•

•

+n_... · o

-

1una

-

. _{ｾｯ ﾷ＠} orant i ·t a loan

-ｾｯ＠ ｡ｳｳｩｳｾ＠ in the financing of Development of Surabaya Port

Proje=t (Phase II) ｴｩ･ｳ｣ｲｩ｢ｾ､＠ in Schedule (2) to this Aareement

-(hereina7ter calied the Proje=t);

B. The Borrower> by an agreement dated Sept:ember 13>

-1984 ｯｯｾ｡ｩｮ･､＠ a ioan ir. the amoun"t of Eiohtv Si;: million

-•

.

-

ｾ＠ .

uo 1 1 a ｾｳ＠ ｦｲｯｾ＠ the Asian ｄ･ｶ･ｬｯｯｭ･ｮｾ＠ Bank

,

(nereinaf"ter referred t:o as ADB Loan) ｾｯ＠ assist in

finan-.

c1nG

-

oart .of th o c-cJ·

o.--- • i

-.

1n accordance vii th the tenns

and cortditions therein set forth;

..

c.

The· purpose of the . rund is to assist developing .

.

｣ｯｵｮｾｲＱ･ｳ＠ in their economies • ana t:o • provide them with

1oans necessary for the execution of their development

•

projects and programs;

0. The rund is convinced of the Ｑｭｰｯｲｾ｡ｮ｣･＠. 01

-

the

.

Project and its beneficial effects for.the _economic

. .

develooment of the friendly people ｯｾ＠ Indonesia; and ··

-

..

-

.

The Board of Directors of the .rund has agreed,

in view of the foregoing, by its ｒ･ｾｯｬｵｴｩｯｮ＠ No.5/39/445

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

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

ｦｯｲｾｨ＠ in this Aareement. ｾ＠

NOW ｔｈｅｒｅｾｏｒｾｾ＠ the parties ｨ･ｲ･ｾｯ＠ hereby agree as

•

•

ARTICL!: I

General Conditions; Definitions

•

::::. .::. - - ,· '"' n

ｾＭＭＭＢＧＢＧ＠

, o-

1 . .!. • The

.

oa:::1 es -:o this

-

Ｍｾ Ｍ ＬＭ ﾷ ＭﾷＭ Ｍ

• •

•

ｾ｡ＭＮＺＺＮＮＺＺＮｭｯｮＭ

ar-.::.n-ｾ＠

-

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

the General Conditions and the Preamble to this Agreement

have the respective meanings there i n set forth and the ·

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

• •

a) "The Corpora ｾｩｯｮ＠ 11 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-: -

---

- . r"\,;:..

-

-unoer tne ｐｲｯｪ･ＺＺｾＮ＠

•

,... _{_ ,} \ _{"Subsidiar")' Loan Agreement" means tne}

•

Aareement

-

ｾｯ＠ be ･ｮｾ･ｲ･､＠ ｩｮｾｯ＠ ｢･ｾｷ･･ｮ＠ the _•

Borrower and the Corooration ｰｵｾｳｵ｡ｮｾ＠ to

the provisions of Section 3.01 (b) of

this Agreement as the same may be amended

ａｒｔｉｃｌｾ＠ II

The Loan

-

_{... ---ion} .

-=--

I

ｾ＠,,

o·

.

-

. ｾ＠

.

.

or, -no _'-

-

_{::o nG} i-.:-1 o ns

•

=> a r "' -= -:::

ｾ＠

-

---in tne

:.o . 1enc . !.O -n o I.. .

-Loan Aareement ｳ･ｾ＠ ｦｯ［ｾ ｨ＠

or referrec ｾｯ＠ an ｡ｭｯｵｮｾ＠ of Seveni:::y 1wo million (72,000,000)

Saudi Riyals.

·The Borrower sr.all be eni:::itled 1:0

with-•

craw 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 _J amended from time to ｾＱｭ･＠ . b v a a reemen t b-el:.\veen

J

-•

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

cost 07

-

aoocs

-

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

financed out of the _. oroceecs of the Loan. .

'

Se-::-:ion 2.03, The Borrower shall apply the proceecs . 07

--nc.

-

-

. . ｾ＠

;:..,v,.. _{_, ...}

_.

'US -

'

\t.=

-

J \I

-

ｾｯ＠ financinG the

-

ｲ･ｾｳｯｮ｡｢ｬ･＠ ro--- ｾｉＮＮ＠ 0

-=

I •no '-

-aoods

-

reauired Tor-

-

1:.ne . carr)'i ng out 07

-

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

.

-

. .

aooas

-

i:::o be f i na nc ed OU°t OT

..

ｾｮ ﾷ＠

-

c

-

oroceecis of the Loan

SD2!:111C

.

and the methods and oroceciu;es·for the orocurement _• thereof,

shall be det.erillined bv aareement bei:.'\·,1een

-

the rund and ＱＺＮｮｾ＠

Borrower subject i:::o ｭｯ､ｩｦｩ｣｡ｾｩｯｮ＠ by furi:::ner aareement between

•

•

awara1na the

-

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

the Loan and before

-TUT.Ure.

1989

::;. "'-ｾＭ -:- ,. o n ? 0 4

_, -

-

.

.

or sucn

-

I - -_{c \.. - .} . c ....

effectino anv

-

ｭｯ､ｩｦｩ｣｡ｾｩｯｮ＠

ｾ＠ ｾｮ･ｲ･ｴＺｯ＠ in the

The Closing DaL.e sncll be.Decemoer 31,

G·--c. _{a'- -} as the rund shali

•

es-.:abl ish. The

-

:-u nc .

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

. .

S ･｣ｾＱ＠ . . on -· ?

o-

ｾＮ＠ The Borrower shall pay a 1oan cnarge at

-

.

t.he ra-r:e of four per cent ＨＴｾＩ＠ per annum on the principal

.

amount 01

-

the Loan withdrawn and ｯｵｴｳｾ｡ｮ､ｩｮ｡＠

-

from time to _-r: . ₁ . me.

S . . ?

o-. ec-:1on -· o. Loan Charge and other charges shall oe

payable ｳ･ｭｾＭ｡ｮｮｵ｡ｬｬｹ＠ on March 15 and September l5 in eacn

year.

•

Section·Z.07. The term of the ioan shall be eighteen . years

inciuding a five-year grace period.

.... ;... c.

\,...' :

-.

nrincioai amount of the Loan

The ｂｯｲｾｯｷ･ｲ＠ shall reoav _.

in accordance with the

ａｲｮｯｲｾｩｺ｡ｾｩｯｮ＠ Scneduie se-: forth in Scheduie (3) to "':hi s

ARTICLE III

-

_c.xecu-:1on . . _{of the Project}

•

ｃＺＺＺＮｯｲｾｩｯｮ＠ 3.Cl.

-

-

-

-

( c )

....

: ! l -I 0

s

o . . -...-O\._. .,C),.... -ｾｲＬｾＱ＠

.

- ｾ＠ 1 -no

-

-Project through the ｃｯｲｰｯｲ｡ｾｩ｣ｾ＠ with due diligence and e111-

- -

.

ciency and in ｣ｯｮｦｯｲｭｩｾｹ＠ with sound ｡､ｭｩｮｩｳｾｲ｡ｴｩｶ･Ｌ＠ financial, _.

engineerins, ｭ｡ｩｮｾ･ｮ｡ｮ｣･Ｌ＠ public ｵｴｩｬｩｾｹ＠ and Port practices·

and shall provide or cause to be prov·ided, ｰｲｯｾｰｴｬｹ＠ as needed,

ｾｮ･＠ ｦｵｮ､ｳｾ＠ ｾ｡｣ｩｬｩｴｩ･ｾ＠ and other resources required for the .

ourpose.

(b) The Borrower shall relend the ｰｲｯｾ･･､ｳ＠ of the Loan

ｾｯ＠ the Corporation under a Subsidiary Loan Agreement ｴｾ＠ be

• _.

･ｮｾ･ｲ･､＠ into ｢･ｾｷ･･ｮ＠ the Borrower and the Corporation, unaer .

terms and conditions which shall be ｡｣｣･ｰｾ｡｢ｬ･＠ to the Fund .

.

The Subsidiary Loan ａｧｾ･･ｭ･ｮｴ＠ "shall orovide for the execution

by the Corooration of all the obligations and conditions which

tne ｳｾｾｲｯｶＱ･ｾ＠ ｵｮ､･ｲｾ｡ｫ･ｳ＠ by ｶｩｲｾｵ･＠ of the provisi6ns of this

Aoreemen::.

-

...

ｾｯ＠ =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

-

.

... n· o

I..

-ourooses of the Loan, and exceot as.the

. .

.

Fund shall otherwise

aaree the Borrower shall

-

not assian,

-

_{nor amend, abroaate,· or}

-waive the Subsidiary Loan Agreement or any provision thereof .

•

(d) ｗｩｴｮｯｵｾ＠ ｬｩｭｩｾｩｮｧ＠ the ｧ･ｮ･ｲ｡ｬｩｾｹ＠ of Paragraoh

{ ;:: \

' ｾ＠ _{- - - -}C:::.0-•1' .-.-_{'""'' !} .... n

- -

· c Bn--... . . 0 ,.,o-

·-·

. ｾ＠ 1 . . • . ...

t"'" - r:"':=-'e ,,:-t ... •--

-ｾｲＱ］Ｎ Ｚ＠

,,,_1 .. _

a,_. 1=..., 1 :::.,

0 :"

as

cause ｾｯ＠ oe made available, ｾｯ＠ tne ｃｯｲｯｯｲ｡ｾｩｯｮ＠ ｯｲｯｭｯｾ ｬ Ｉ Ｇ＠

ｮｾ･､･｣

.

Ｎ＠_. in ｡､､ｩｾｩｯｮ＠ to the Loan oroceeds and the

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.

Section 3.02 . The Borrower shall cause the

Coroorc-•

. .

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｣ｴｩｯｮ＠ 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. : .

-

-

_-· . . _... .

-

-

- -

.

ｃｯｮｳｵｬｾ｡ｮｔｓ＠

ｾｾ･＠ Corooration . to ernoiov comoeient and aualified . ... .

whose ｱｵ｡ｩｩｾｩ｣｡ｾｩｯｮｳＬ＠ experience and t.erms of

service are satisfa:::::o!"')'.

S e:::: -.: i o n 3 . 04 . in carrying out th; Project the Borrower

shall cause the Corooration to.emo1ov comoetent and aualified _{. .}

-

_{. .}

｣ｯｮｾｲ｡｣ｾｯｲｳ＠ and suppliers ｡｣｣･ｰｾ｡｢Ｑ･＠ to the Fund upon terms

•

Section 3.05.· The Borrower shall appoint or cause

.

tne ｃｯｾｯｯｲ｡ｾｩｯｮ＠ ｾｯ＠ appoint a ｳｵｩｾ｡｢ｬｹ＠ qualified Project

Manaaer

-

anc a full -1m-... . = ..

-

ｶｲｯＱＰＭｾ＠ .... -- ... .

-

Ｍｾ｣Ｑｮ･ . Ｐ _{ｾ＠ ＭｾＭ}

-

-n-.

-

_,_oJo--.

_ , . _ - · I V • '- '::' r 1 - ·- ' - ·

•

The ｐｲｯｪ･］ｾ＠ ｾｮｧｩｮ･･ｲ＠ shall have ｾ･ｳｯｯｮｳｩ｢ｩｬｩｴｹ＠ for the

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: . ... ｡ｾ＠

..:>.

o:

The Project Office currently

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

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＠ ｾＱﾷｭ Ｐ _ＭＱｶ＠ ana' -ucC0 SST-Ul ｃｏｭｰｬ Ｐ｟ｾ｟ ﾷ Ｑﾷｯｮ＠ o-,- ｾｮﾷ＠ "'- D, roJ·o_r_t.

I.. - ... · - . ｾ＠ :::. - - In

addition to supervising the physical ｩｭｰｬ･ｭ･ｮｴ｡ｾｩｯｮ＠ of the

＿ｲｯｪ･］ｾＮ＠ -.:ne ｐｾｯｪ･］ｴ＠ Office shall aiso be resoonsibie for

-nc .,,...._, .... , _{\...• - ｜Ｌｾ＠ • . . V}

--

_•

-

_{ｾｮ･＠ Task Force referred ｾｯ＠ in Section3}

.

oa

_{_, OT}

-'

this Agreement, re9ara1ng ｩｮｳｾｩｾｵＭＮＺｩｯｮ＠ bui1ciina of the Cor-

-poration and improvement of oort operations.

1ne Borrov1er s ha 11 cause the

CornGra-..

. .

::>eci:1on 3.07.

- ·

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 .

ｓ･ｾｴＺｩｯｮ＠ 3.08. The Borrower shall cause the ｃｯｲｯｯｲ｡ｾｩｯｮＬ＠

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

the development of an operat:ional plan for tne ｬｮｾ･ｲｮ｡ｴｩｯｮ｡ｬ＠

... no

I.. - establishment of +n

...

· o

-

necessary

personnel ｳｾｲｵ｣ｴｵｲ･＠ and labor practices, the preparation of

.

an ope.rational manual, the design of informa-:ion systems and

orocedures, the deL.ennination of container tariffs, the _.

.

_.

design_ of workshop layout and installations, the preparation .

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

design and ｩｭｰｩ･ｭ･ｮｾ｡ｴｩｯｮ＠ of all associated ｾｲ｡ｩｮｩｮｧ＠ reau 1 .

re-ｭ･ｮｾｳＮ＠

.

Sec;::ion 3.09. _{The Borrower shall cause the Directorate}

General of Sea Conununications of the ｍｩｮｩｳｾｲｶ _.

-

Ｍ of

Connnunic::-;::ions ｾｾ＠ ｾｾｲｾ＠ 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

impie-•

•

mentation of programs that ｲ･ｩ｡ｾ･＠ to the ｩｮｳｴｩｾｵｾｩｯｮ＠ building

of the Corooration, and in particular for deveioping operational

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

• _•

productivity ｾｴ＠ Surabaya Port .

.... , _{.l 7 0 I , ＮｌｾｕＮ＠ ,,(,,U}

•

Sect:ion 3.10. The Borrower unde;1:akes t:o cause

+no

-

_..

-

_{ｲ｣ＭｾｾＭＭ} .. i· or. -- _{e n s u r e}

- • ..,./-.,JI c - + .... V - • • •

-ﾷｾＭＭ_{-•tG ｾ＠}

.

_｟ｮｾ＠

- ----

_{:...-:..- .. r.1 "-:::.:} .

__

... _{ｾＺＲＱｮＱｮ｣＠} . .

-in ｾｨ･＠ ｯｰ･ｲ｡ｾｩｯｮＬ＠ repair, . anG

.

ｭ｡Ｑｮｾ･ｮ｡ｮ｣･＠

.

' 01

-

.

r>roJ· Ｐ

--

ＭＭｾ＠

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

-

･｡ｵｩｯｭ･ｮｾ＠

.

suppiiers, under the conditions of contraci: for ,

.

various it:ems of eouion1ent to be orocured _{. . .} under the _.

Project.

Section 3.11. The Borrower ｵｮ､･ｲｾ｡ｫ･ｳ＠ to cause

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 _st.aff recruitment and trainin9, . and

--c-

l • necessary or=-ooerational

. . .

ac1:iv1-.

i:1es. .. _'

ｓ･］ｾｩｯｮ＠ 3.12. The Borrower shall ensure ｴｨ｡ｾ＠ -no _'-.

-•

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

-.

t:o the carrying out of the Proje=t and ｯｰ･ｲ｡ｾｩｯｮ＠ OT

-

•ho _'-

-•

Project: .facilities are ｣ｯｮ､ｵ｣ｴＺｾ､＠ and · coortinai:ed in

-•

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

•

.

proceoures.

•

Section 3.13. The Borrower shall insure, or cause .

the ｃｯｲｯｯｲ｡ｾｩｯｮ＠ ｾｯ＠ insure, the imoorted ?OOCS '

...

:...0 De

•

f i raanced out of -no

...

-

oroceeds of tne Loan aaainst

-

. nc.z.=rcs .

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

Corpo-ration to replace or repair such . goods.

Section 3 . 14 . (a) The Borrower shall cause the

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

-

the proceeas

.

' of the Loan> ｡ｮｾ＠ to disclose their

U --

-

.

-

-

:n . . . . n... ·

--:::.: P-oJ· "'C• . . I - W ｾ＠ (ii) enable the Fund's

representa-tives to visit the facilities and construction sites

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

ou i:: of the proceeds of "the L_oan _and any re 1 evant records

and ｡ｯ｣ｵｭ･ｯｾｳ［＠ and (iii) furnish or cause to be furnished,

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,

--

-

-

-

ｾ＠ '

-

.

-

.

-Trom

,

....

ｾＬ＠ the .expenditure of the proceeds of the Loan and

.

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

( b) The Borrower shall cause the _{ｃｯ［ｰｾｲ｡ｴｩｯｲＮ＠}

enable the Fund's ｲ･ｰｲ･ｳ･ｮｾ｡ｴｩｶ･ｳ＠ ｾｯ＠ 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. 1 ne Borrov1er u nd erta kes "C.O ensure that

a 11 ooods and services financed out of

-

.._ho _{I. -} proceeds of the

ARTIC.Lt. iv

ｐ｡ｲｾｩ｣ｵｬ｡ｲ＠ Covenants

Se::-: ion .,. r.

.

0,

-

.

The Borrower shall • .

• • •

.

.

.

... _.., ..

ne::essary ｡ｲｲ｡ｮｧ･ｭ･ｮｾｳ＠ to assure that the hign ｶｯｬｾ｡ｧ･＠

•

power ｾｲ｡ｮｳｭｩｳｳｩｯｮ＠ cable presently running underneath

the site of the proposed container yard is rerouted

before the co11unencement of the· dredging works;

•

(b) ensure that all ｮ･｣･ｾｳ｡ｲｹ＠ removal or

demoli-tion of the remaining ｳｴｲｵ｣ｾｵｲ･ｳ＠ on the site of the

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

D . ...

. roJ ec 1.., ｳｨｾｬｬ＠ be comp 1 eted by Ju 1 y 30 ,· ｾＹＸＵＮ＠

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

Section 4.02.

-·

:ause the ｃｯｲｯｯｲ｡ｾｩｯｮ＠ _• to •

•

｡｣ｾｩｯｮ＠ within ｩｾｳ＠ oovJers ｾｯ＠ ma i . n 1..a

....

1 . n

. .

ｾｾｳ＠ ｣ｯｲｰｯｲ｡ｾ･＠ ･ｸＱｳｾ･ｮ｣･Ｌ＠ to carrv on its

-Ｍ ｾｰ･ｲ｡ｾｩｯｮｳ＠ and. to acquire, maintain and renew

all ｲＱｧｮｾｳＮ＠ . . . ｰｲｯｯ･ｲｾＱ･ｳＬ＠ .

.

oowers, orivi1eaes and _{. .}

-franchises which are necessary in the ｣｡ｲｲｹｩｮｾ＠

..

ou• o; th0 ｐｲｯｊﾷ Ｐ ｾﾷ＠ or ,·r. • ... n· _{0_} ｣ｯｮ｡ ﾷ ｵｾｾ＠ ｡ ﾷ ｾ Ｌ｟＠ Ｌﾷｾｳ＠

I.. I - - - I.. • ' _• - - ..

ＭＮ ｾ＠

• •

ous l nes s. _•

(b)

conduct

its

business

in

accordance

with

sound

.

｡､ｭｩｮｩｳｾｲ｡ｴｩｶ･Ｌ＠ financial, public utility and

---· , - - ..

ｰｯｲｾ＠ facilities, and under the suoervision of

--omo0 _- 0 n... a no'

-

ＧＭｾＭＧＧＭ experienced ｭ｡ｮ｡ｯ･ｭ･ｮｾ＠ and

•

oe:sonner;

c) ooerate and main"Cain 1"CS olan:ts,

equipment and other property, _and

from time to time, promptly as needed, make

all necessary ｲ･ｰ｡ｩｾｳ＠ and renewals ｴｨ･ｲｾｯｦＬ＠

all in accordance \v·ith sound administrative,

financial, eng1neer1ng, public utility, oort .

.

_.

ｭ｡ｩｮｾ･ｮ｡ｮ｣･＠ and operational ｰｲ｡｣ｾＱ｣･ｳ［＠

d) keeo the Fund informed, on a ｾｩｭ･ｬｹ＠ basis,

PT

-any decisions ｡､ｯｰｾ･､＠ by the Borrower which may

affect the legal status of the Corporation or

its responsibility for management and ooeration

of the Port of Surabaya.

•

Sec-;:ion 4.03. _{Except as} ... no • •

w -

-' '

:-uno may ｯｾｮ･ｲＭ

ｾＱ＠ 1 s e a a r e e , t

-

h e C o r o o r a t

.

i o n s h a l l . n o t s c: l 1 ,

•

lease or otherwise dispose of any OT

-shall be reauired for •n· o

I..

-.

•

--

...

0

-··

--1--1°n•

'-

-

\,.,

. .

.. -s I I,. ｡ｳｳ･ｾｳ＠ ｶｾｨｩ｣ｨ＠

carrying ｯｵｾ＠ of its

operations or the disposal -of whicn ｾｾｙ＠ prejudice the

- -

_•

ability of the Corporation to perfonr. satisfac"Corily any of

its obligations .

Se=-:ion 4.04. The Borrower shall cause the Coroora-.

.

_.

ｾｩｯｮ＠ ｾｯ＠ main1:air. records ｡｡･｡ｵ｡ｾ･＠ ｾｯ＠ ｲ･ｦｩ･］ｾ＠ in accordance

ｾｩ｣･ｳＬ＠ its ｯｯ･ｲ｡ｾｩｯｮｳ＠ and financial ｣ｯｮ､ｩｾｩｯｮｳＮ＠

1:0

ｓ･ＺＺｾｩｯｮ＠ 4.0S. 1ne Borrower shall cause the ｃｯｲｰｯｲ｡ｾｩｯｮ＠ 1:0:

a) have its accounts and 7inancial ｳｴ｡ｾ･ｭ･ｮｴｳ＠

( ba i a nee sheet, s-ca ｾ･ｭ･ｮｴ＠ of· income and

expenses, and reiateq ｳＱＺ｡ｾ･ｭ･ｮｾｳＩ＠ ｡ｵ､ｩｾ･､＠

annually, in accoraance with sound ｡ｵ､ｩｾｩｮｧ＠

b)

-

\

' - :

principles;

-Turnish to the

but in any case .

•

Fund not

-as soon -as

ｬ｡ｾ･ｲ＠ than

available·. nine months

-

. _{the close the fiscal}

aT1:er OT year ｾｯ＠ wn1cn

they relate, certified cooies of such

audi-ted finan=ial ｳＭ｣｡ｴ･ｭ･ｮｾｳ＠ and the report of

the ﾷ｡ｵ､ｩｾｯｲｳ＠ reiatina

-

ｴｨ･ｲ･ｾｯ［＠ and

furnish ｾｯ＠ the Fund such ｯｾｮ･ｲ＠ i nTorma .

-

-

1. ion .

］ｾｮ｣･ｲｮｩｮｧ＠ the ｡｣｣ｯｵｮｾｳ＠ and finan=ial ｳＭ｣｡ｾ･ﾭ

ｭ･ｮｾｳ＠ of the ｃｯｲｰｯｲ｡ｾｩｯｮ＠ and the audit thereof

as the ｾｵｮ､＠ shall from time to time reasonabiv

-ｲ･｡ｵ･ｳｾＮ＠

Se::-:ion 4.05. The Borrower shail cause the ｃｯｲｰｯｲ｡ｾｩｯｮ＠

furnish 1:0 the fund monthly ｲ･ｰｯｲｾｳ＠ on the execu-:1on 01 .

-ＱＺｨｾ＠ Proje=t and on the operation and managemen1: of the

Project facilities. Such reports shall be submitted in such _•

form and in such ､･ｾ｡ｩｬ＠ and within such ｾ＠ period as the Fund

•

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

• .

things, ｰｾｯｧｲ･ｳｳ＠ made and ｰｲｯ｢ｬ･ｭｳ ﾷ ･ｮ｣ｯｵｮｾｾｲ･､＠ during the

ｾｯｾｴｨ＠ under review, ｳｾ･ｰｳ＠ ｾ｡ｫ･ｮ＠ or proposed ｾｯ＠ oe tai:en

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

ti es

and

e.xpected progress during the fol-, ov1i ng month_

Section

4.07.

The

Borrower

shall

review

the

Port

. . . .

tariffs

from time - to time

whenever

necessary

to •

ensure

that the Corporation maintains

a

sound

financial

_situation.

Section 4.08. 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.

ｓ･｣ｾｩｯｮ＠ 4.09.

(a)

The

Borrower and

the

Fund confirm

ｴｨＲｾｲ＠

agre:ment

that no . other

external

debt

shall

enJoy .

.

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

•

aovernrnental

-

ＺｳｳＺｾｳＮ＠ To that ･ｮ､ｾ＠

the

Borrower undertakes

,

that. ･ｸ｣･ｰｾ＠

as

the Fund

shal.1

otherv!ise agree. if

any 1

ien

. . .

shall be crsated on · any

ﾷ｡ｳｳ･ｾｳ＠

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 ｳｾ｣ｨ＠ lien

r 0 ss orov1· c1·on ｷＱﾷＱｾ＠ b0 maa'o +o Ｋﾷｉｩｾﾷ＠ Ｐ ［［ Ｐ ｾｾ＠

ex o _ _, • -.... - ... - •- - _ ; , _ - _.

•

(b) The ｵｮ､･ｲｾ｡ｫｩｮｧ＠ orovided Tor

-

in Paraoraoh

-{a) of this ｓ･｣ｾｩｯｮ＠ shall not app

-

1y i::o :

•

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 ｾｯｲｲＱＱｮ･ｲ｣ｩ＠ a 1 goods to secure a debt

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

matur-ing not more than one year after ｩｾｳ＠ date.

•

(c) As used in this ｓ･｣ｾｩｯｮＬ＠ the term "government.al

asse-c:s" means assets of the BorrC?wer, of any poiitical or

｡､ｭｩｮｩｾｴｲ｡ｴｩｶ･＠ 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

•

-fund, or similar .functions, for the Borrower .

.

-o --_{;,,.. ' t; 1::: , _} 1· 0 c

-- · _{ｉｮｾ＠ Borrower ｵｮ｣ｩ･ｲｾ｡ ｾＺ ･ｳ＠}

':01 ... Ｎｩ･ｭｯｲ｡ｾｩｶ･＠ Plaque of sui-r.ai:::>ie dimensions from cement

or any suitable metal ｾｯ＠ be fixed in a conspicuous place

in one of tne facilities included in the ｐｲｯｪ･｣ｾ＠ i:o snow

the ｣ｯｮｾｲｩ｢ｵｴｩｯｮ＠ of the Fund in the financing of the

-

.

Proje=t.

Sec"tion 4.11. Promptly ｡ｦｴ･ｲＮ｣ｯｭｰｬ･ｾｩｯｮ＠ of the

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 ｾｵｮ､＠ shal1 ［･ｱＺＮｩ･ｳｾＬ＠ • 01. th£: .execution anc:i ini-r.iai

•

.

Oo_• o•-- - -- · G. - • 0"' • •

-

-..: ' t ..

-

nc

-

its costs and the

.

-.

.

oene11i:s

D . ...

. r0Jec1..,

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 . o

I..

--

-objectives of the Loan.

• . •

-

_{... ＰＭＭＱＢｾ＠} .

----

._,

..

---

-

···

-AR-1r1 _{l - - -}

=

v

Remedies of the Fund

=

n.,

-

.

-

-

. -o-. . -n-.

-

-

-

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

-

-

= -:

1 . o r.

r .. .... .

ｾｏ＠ nc-: ... 1 o ns, the fol1owing ｡｡､ｩｾｩｯｮ｡ｬ＠

::.

-

r; -::

.

"'""

-

o-:-- -n -

-

·-=

fied ｰｵｲｳｵ｡ｮｾ＠ to Paragraoh (f) ｾｨ･ｲ･ｯｦ＠ •

•

-

. ...

ｾ＠ 1 rs-. • 1) ｓｵ｢ｪ･｣ｾ＠ to subparagraph

(2)

of this oaraaraoh •

•

A) the right of the Borrower or the Corooration

to withdraw the proceeds of any loan made to

the Borrower or "the _{ｃｯｲｯｯｲ｡ｾｩｯｮ＠} for the

finan-cing of the Project shall have been suspended,

, cancelled or terminated in v1hole or in part,

B)

.pursuant to the terms of the agreement providin g

therefor,

or

any such loan shall have become due and oavable _. ｾ＠

prior ｾｯ＠ the agreed . maturity thereof.

Z)

Subparagraph

(1)

of th'is paragraph shall not

ｾｰｰ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 _.

-.

caused bv th

-

0 ·failure of

-

.... n· o

...

-

Borro\·!e: or

is not 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-ｾｾｮｴ＠ with the ｮ｢ｬｩ｡｡ｾｩｯｮｳ＠

-

of the Borrower under

this Aareement.

Secondlv: The Government Regulatidn No. 16 of 1983 by

•

which the Corporation was ･ｳｾ｡｢ｬｩｳｨ･､Ｎ＠ or any provision thereof, shall have been repealed,

.

suspenaed or amended in any manner which i n

the reasonable opinion of the rund will or may adversely affect the carrying out of the

Pro-ject or the operation of the ProPro-ject 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 specified in

Paragraph First

(1) (B), or

Paragraph (Secondly) of Section

5.01 of this Aareement shall occur .

•

ARTICLE VI

ｅｾｦ･］ｾｩｶ･＠ ｄ｡ｾ･［＠ Termination

-

_,----or .

-=-- ' I

-

-

-,.,

-

. . .

-

-

-

.

-

·nc I

--

ｾ＠ ... .

ｾｯＧ＠ • t I 0\·'1 ... -• I I -

-ｑ｜ＯＰＮＭＭｾ＠

-·

-··--｣ｯｮ､ｩｾＱｯｮｳ＠ ｾｯ＠ the o--cr--1v

--

. 0 n°s'

- · I - - -

-.

-

.

- - 0 : ) , - - - - .or

.::> '-' - - & I I - ... as

o:-

the Loar.

ｾ｡ｲ｣ｯｭｯｮＭ •. ＬｾﾷｾＱ ﾷ ｲ＠ +no

M - - · . - .... .. I ;.... , • I I ' - - meaninc c7

-

ｓ･］ｾｩｯｲＮ＠ 12.01

I . )

'D 07

-

.,.. ·n o y

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

-

. . . . •

•

a) Tne ･ｸ･｣ｵｾｩｯｮ＠ and ､･ｬｾｶ･ｲｹ＠ of the Subsidiary Loan ａ｡ｲ･･ｭ･ｮｾ＠ on behalf of the Borrower and the

Cor-b)

-pora1:ion respectiveiy, have ｢･･ｾ＠ auly authorized

or ratified by all action;

governmen1:al

All condi1:ions precedent ｾｯ＠ the

and coroorate _.

-

-

.

c..,--of""-1ven°--- · • __ ... ＭｾＮＺＺＺＺ＾＠ OT

-ADB Loan Agreement, ･ｸ｣･ｯｾ＠ only the ･ｦｦ･｣ｾｩｶ･ｮ･ｳｳ＠

of this Loan ａ｡ｲ･･ｭ･ｮｾＮ＠

-

have been fulfilied.

Sec1:ion 6.02. The f o 1 i ov1i no

-

"'!S . soecified as an _. ｡､､ｩｾｩｯｮ｡ｬ＠

within tne ·meaning of ｓ･｣ｾｩｯｲＮ＠ 12.02 (b) of the r..ono ... :::i 1

' - ' -

-·

-r , . . .

_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-_I• o o r - i : _{- I JG I I} 0: _{I >} . . . n· o

I.. - ｂｯｲｲｯｷ･ｾ＠ and the Co?"'ooration

. .

anc 1s legally binding upon

...

. n _... c:.

-

5or;ower and the

t i o n 1 r. a (: :: or Ga n:: e v: i th i t. s terms .

•

resuec-

Co:-oora-c::. ... . - 03

_e:: -. 1on o. . _{The date 30-5-l9S7ADis hereby specified}

for the ourooses of Section 12.04 of the General Conditions. _{. .}

ARTICLE: \'II

.

ｒ･ｯｲ･ｳ･ｮｾ｡ｾｩｶ･＠ of the ｂｯｲｲｯｷ･ｲｾ Ｍ ａ､､ｲ･ｳｳ･ｳ＠

Sec"tion 7.01. 1ne ｍｩｮｩｳｾ･ＭＺＭＭ of

-

ｾＱｮ｡ｮ｣･＠ . 01

-

ｾｮ･＠ Borrower

. .

"!S c;es1cr.c.:.ec

-

;:oc:: _{- -} .-cn..-c-:::ir---,·\IC _{' - - . - .::. - .• ｾ｣Ｎ＠ ... -} 0-= _. "'"n-_{\... '::::} Co-rot::>.-. _{...,,, . \·. - .} -o-_• - _• - n _'-; c.

-ourooses of Section 11.03 of the General ｃｯｮ､ｩｾｩｯｮｳＮ＠

Sec-:ion 7.02. The following addresses are ｳｯ･｣ｩｾｩ･､＠

-Tor .. n i::> of Sec-:ion 11.01 of the General

\..

-

ouroos·es .

.

FOR THE

FUND :

Saudi Fund for Deveiooment

P. O.

Box 1887

Riyadh 11441

Kinadom of Saudi Arabia.

-'Cable Address

-

1e1ex '

SAUDI FUND

FOR

ｏｾｖｅｌｏｐｍｅｎｔ＠

RIYADH

ｬｾｉｎｇｄｏｍ＠ OF SAUDI ARABIA

• •

201145 SUNDOQ SJ

ｾｏｒ＠ ｔｈｾ＠ ｂｏｒｒｏｗｾｒ＠ :

... . ... · .... ..

. . . .. ... _ｾ＠ . OT r1nar.ce

-

-

.

c1· 0 ｄｩｲ･｣ｾｯｾ＠ General for

ｉｮｾ･ｲｮ｡ＭＺｩｯｮ｡ｬ＠ ｍｯｮ･ｾ｡ｲｹ＠ Affairs

? . C· . Box 3 3 2 9

Ja •·::.---" ' - . -G. ,

ｉｎｏｏｩｾ］Ｚｓｉａ＠

•

ｃｯｮ｣ｩｩｾｩｯｮｳＺ＠

___

.. ,

-Cab 1 e Ad·d;es s •

•

•

r I N!'-1 ｉｲｾ＠ I s1·R y

JAKARTA, ｉｎｄｏｎｾｓｉａ＠

Teiex :

44319 DC:!'KEU IA

45799 DJMLN IA _I '

•

.

•'

..

·,

Ir\. ' -'"' ... ·Tr.:--- -' S 1-r·-n-0- ... . • · · ... · h ·

ｾ＠ • ｾｮｾｮｾ＠ ｾＬ＠ ｾｮ･＠ ｯ｡ｲｾＱ･ｳ＠

.

ｮ･ｲ･ｾｯＬ＠ ｡｣ ﾷ ｾ Ｑｮｯ＠

-

t ｾ ｾ ｵ｣ｮ＠

-.

-n°1--.... .

-

.

ＮＮＭ｣ｾｲｯＭ. _ _, -.:"Ii- · ... ::.;,... o.--- -1 yo--.:: ｾｮ･ｲ･ｵｮｾｯ＠ ､ｾｩｹ＠ authorized, have caused

t:n1s ａ｡ｲ･･ｭ･ｮｾ＠

-

ｾｯ＠ be sianed in

-

their respe=tive names, in · .

•

the citi of Jakarta, Republic of _{ｉｮ､ｯｮ･ｳｩｾ｡ｳ＠} of the day and

.

vear ｾｩｲｳｴ＠ above ｷｲｩｴｴｾｮＬ＠ in two ｣ｯｵｮｾ･ｲｰ｡ｲｾｳ＠ in Arabic

-l anguage, each of which shall be original .

•

FOR

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

•

Bv

ＭＭＭＭＭＭＭＭＭＭＭＭＭＭＭＭＭＭＭＭＭｾｾＭＭＭＭＭＭＭＭｾｾ＠

SALEH H. ALHUMAIDAN

Deputy Managing Director

Technical Affairs

FOR

-L:-1 •• ｾ＠

REPUBLIC

OF ｉｎｄｏｎｾｓｉａ＠

ｂｹｾＭＭＭＭＭＭＭＭＭＭＭＭＭＭＭＭＭＭＭＭＭＭＭＭ

RADIUS PR.A.i·!IRO .

Minister of Finance

A . / '-' I ) .&. ""' ' - ' • ,,/;,,, V

SCHEDULE ('2)

Oescriotion of the ｐｲｯＮｪ･ｾｴ＠

•

• _The

ｾｾ･ｪ･｣ｴ＠ consists of th= f o 1 i O\·:i nc

-

_{• -}ｃＺＺＺｯＱＭｾＭ _-.::> • _•

PART (A) : Civil \.Jerks

•

•

1. Site preoaration, inc1uding rerouting a 154 KV

power ｾｲ｡ｮｳｭｩｳｳｩｯｮ＠ cab1e at the site of the

container yard.

.

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

3.

4 •

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

180 meters in length.

bridge.of about ,

Construction of a container yard on 30 ha of

land including all necessary facilities and services · required for terminal operations.

•

PART (B) : ｾｯｵｩｯｭ･ｮｴ＠ :

•

1. Provision of container handling equipment

in=luding spare parts (see Annex to this

- . . 1 \

ｾ｣ｮ･｡ｵ＠ e, .

•

2. Provision of other related equioment including

repair and maintenance equipment and ｾｯｯｬｳ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. ·

ｾ＠ ..

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ＭｾｩｲＢ｜ＭＭＭﾷﾷＭＭＭＮＢＧＭＮ＠

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-ｌｩ Ｎ ｾ ｳ＠ "! s -:i ng 1 . r.

ｾ｡ｮ｡ｯＺ］ｭ･ｮｴ＠ 0-;-

-and

and

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:.11:-ao · 1 - ,...m o n

-- -- - I : ' . : > I l l - , , '-'

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cnG

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L.Ori"C.c 1 ner

.

1 -: s ｳｾ｡ＭＺＭＷ［＠

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-3 ｉｮｳｌＮｩＭ｣Ｎｵｾｩｯｮ＠ building of Pe r um Peiaouhan :II,

.

an d par-:icularly for imoroving ｯｲｯ､ｵ｣ｾｩｶｩ ｴｹ＠

-07 --n· 0 Dor- o-=

' - - • t... I Suraoaya.

'CO L.c 1 OT

-

0 roJ· ｰＬＮＮｾ＠

I - -

-.

1 s estimaL.ed to be abouL.

the cost

mi llion, equivaient to abou-: SR 58U . l7 mill ion.

CroJ·

o--.

--

""

.

1 s exoec:-c.ed L.O be compieL.ed . ov _ｾ＠ June

.

30,

,

h) The

-

.

SCH=:DUL£. ( 1)

Withdrawal of tne Proceeds of the Loan

.

--r.ao1e De 1 o

-

v: s e "': s ..: 0 ,...•n ·n· o

I • - • • \.. - ,-

--

［ＺＭｾＬ｟ＬｲＢＬＮＮＮＬ＠

---- ·

. ..

-

-

,., v

-

.

-be 11nanced ｯｵｾ＠ of the-proceeds 01

-

i:ne Loan,

of the ｡ｭｯｵｮｾ＠ of ｾｨ･＠ ｾｯ｡ｮ＠ to ... . ... ne Ca-::ego-:--y and i:ne oercer..:aae _.

--

-

.

OT exoena1i:ures Tor +n_.... · "'

-

items so i:o oe 11 r1ancea •

•

1 .

•

2.

B)

Ca-ceaorv

Amount of the Loan

ａｬｩｯ｣｡ｴ･､Ｈｾｸｯｲ･ｳｳ･､＠

in Saudi R-lv2.ls)

Provision of ｃｯｮｾ｡ｩｮ･ｲ＠ handling

equipment inciuding spare pari:s

(Part (B)(l) of the Project) 62,000,000

Ur.a 11 oca i:ed

TOTAL

•

•

•

ＱＰＬＰＰＰｾＰＰＰ＠

72,000,000

Percentaa e of

-

. .

.

ｾｸｰ･ｮ｡Ｑ＠ i:ures

to be f i nanced

100% of Foreign

Exoenditures _,.

. .

-

ror +n

..

· o

-

.

ouroose of this Scheduie, _. the "Cerm ":=oreign

exoenditures 11 means expenditures in the currency•of any country

ｯｾｮ･ｲ＠ than the Borrower and for aoods

-

and services suoolied _.

.

•

.

--

...

-

_-

-

ﾷﾷＭｾＭＭ

-

_. -""-v

--

. _.

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OT any

C) ｲｾ＠ o "!: \v i t h s ｾ｡＠ n d i n c

-

.... ... ne - orovisions _. 07

-

o=raaraoh

-

-

(A)

.

aoove

!10 v:i thdra\·Ja 1 shall be made in ｲ･ｳｯ･ｾｾ＠ of _{ｯ｡ｹｭ･ｮｾｳ＠} mace 1or

--1--)

-

::.xpenc1-:ures

..

..

..

ａ｡ｲ･･ｭ･ｮｾ［＠

-., '

• t • • • t.

''.• ﾷｾ Ｚ Ｇ＠

. . ..

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.

•

orior to the da 1:e of this ··

•

•

0)

Loan

2)

•

· ax0

-1 - :> D\' w , or in the -cer-ri-r.ory 07,

-the ｂｯｲｾｯｷ･ｲ＠ on goods or services, or on

the impor-r.ation, manufacture, procurement or supply thereof.

ｎｯＢｴｷｩｴｨｳｾ｡ｮｾｩｮｯ＠

-

the allocation of an ｡ｭｯｵｮｾ＠ of the

'

or the ､ｩｳ｢ｵｲｳ･ｭ･ｮｾ＠ percen"taoe

-

S o-t-

-

-

forth in the

-

_ia:::>le

. .

in Paraa:-aoh (A) aoove. if the Fund r1a ｾ＠ r :._ -"" -:::

-

0 n ""- . r"\

..

• \ , .:::::. - -. ... - : . = - .:> -

.

_, _.::;.

-

'''·-

----

-.

ｾｮ｡ｾ＠ ｾｨＺ＠ ｡ｭｯｵｮｾ＠ o7 ｾｮ･＠ Loan then ｡ｬｩｯ｣｡ｾ･､＠ -r.o '"a-:-cao-'' ; 1 \

'-' - - ., . -· ' - I

-..1i i l . D o _- 1"'s··--1--1°n-. _{1: __. , .}

-

-

. _"""" . _{- ""}

. _{- • I • •}

-co 11nance tne aareea

-.. ｯ･ｾ｣･ｮｾ｡｡･＠

-

o7 all

ex oend i t.u res Ca t 0 aor\'

-

-

-

' the rund may,

. .

oy no-c1ce -r.o

the Sorrower •

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

reauired to meet the ･ｳｾｩｭ｡ｴ･､＠ shortfall, proceeds of the

•

Loan which are then ｵｮ｡ｬＱｯ｣｡ｾ･､Ｌ＠ and (ii) if such ｲ･ｾｬｩｯ｣｡ｴｩｯｮ＠

cannot fully meet the ･ｳｾｩｭ｡ｴ･､＠ shortfall, reduce the dis- '

bursemen-r. ｰ･ｲ｣･ｮｾ｡ｧ･＠ then applicabie to such expenditures in

ore er tha-r. ｦｵｲｾｨ･ｲ＠ wi t.hdrav1a 1 s under the Category may continue

until all exoendi-r.ures thereunder shail r.ave been ｲＮｾ､･＠ .

Lin i -: s

3

5

. 4

26/30

-5

14

4

8 8

.

1

1

List 01

-ANNEX TO SCHEDULE (2)

Container Handlino Eauioment

Con-cainer- Crcnes

Transtainers

Top Loaders

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

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

CFS Trailers, 20 ft. ( Dra\<Jba r Type)

CFS Trailers, 40 ft-. ( Drav1ba r Type)

Fork Lift Trucks (Electric 2-Ton)

...

Fork Lift ｔｲｵ｣Ａｾｳ＠ (Diesel 5-:Ton)

Mobile Crane (10-Ton)

\·Jorkshop Crane (5-Ton).

'

Ins'tal·1ment No. 1 .

-

'

-

.

3 . 4.

-"'

-

.

-c.

7 .

8.

0

-

.

10. 11. 12. 13. 14.

,

ｾ＠

--

.

16. 17. 18.

1C

--

.

2C.. 21. 22. 23. 24.

--

.

'

SCHSOULE (3)

Amortization Schedule

Da i:e of Pa vment

t-iarch 15. 1992 S.=.-.-e-,..,.=---""" ._ ::Jt._,. - .

... a ... -·n , • I I " " - i:: . . , , • 1993

•

Seoi:emoer

--

Ｌｾ＠ 100?

,

--

- - '

... h ,

-,.,a re _ ::> • _{1 994}

Sepi:ember 15, 1994

t-iarch 15,

September

u . ,

-.... arcn ... ::. ｾ＠

Sep-cember.

r-".arch 15. September

1995

15, 1995 1.996

15, 1996

1997

15,. 1997

t-\a rch 15 , 1998

September 15, 1998

March 15, 1999

September 15, 1999

t-\a rch 15, 2000

September 15, 2000

..

,

.

,

-,. a :""en

-=>,

. . ·. c ... .,... ｾＢＢＢ･ｲ＠

- - ... -;.&•&.w

March 15, Sep1:ember

t·iarch 15,

ｾ･ｰｔＮ･ｭ｢･ｲ＠

... h ,

-r1a re - ::> •

-.::.ecL.emoer

2001

15, 2001 2002

15, 2002 2003

15, 2003

2004

!5. 2004

Payment of Princioal

(Exoressec in Saudi Riyals)

2,770 . 000 Z,77C,OOO 2,770,000 2,770,000 2.770,000 2,770,000 2,770,000 . 2,770,000 2,770,000 2.770,000 2.770.000 2,.770,000 2,770,000 2,770,000 . 2. 770.000 2,.770.000 2.770,000

? 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

TOTAL • 72.000,000

•

..

:

..

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