제18057호                               관             보                2013. 7. 12.(금요일)
    In accordance with the Agreement between the Government of the Republic of Korea and the
Government of the Republic of Ecuador Concerning Loans from the Economic Development
Cooperation Fund signed on April 28 2003,
    Have agreed as follows:
                                               Article 1
1. The Government of the Republic of Korea shall grant a loan (hereinafter referred to as the
"Loan") from the Export-Import Bank of Korea (hereinafter referred to as the "Bank"), the
government agency for the Economic Development Cooperation Fund (hereinafter referred to as
the "EDCF"), to the Autonomous Decentralized Municipal Government of Santo Domingo de los
Colorados (hereinafter referred to as "Borrower"), for the implementation of the Sewage System
Expansion Project in Santo Domingo (hereinafter referred to as the "Project"), with sovereign
guarantee of the Government of the Republic of Ecuador, through the intervention of the Ministry
of Finance.
2. The Loan shall be made available through a Loan Agreement (hereinafter referred to as the
"Loan Agreement") to be concluded between the Borrower and the Bank.
3. The Loan shall be granted in Korean Won. The total amount of the Loan shall not exceed
the equivalent of sixty seven million nine hundred seventy seven thousand US Dollars (US$
67,977,000) and shall be fixed in Korean Won pursuant to the stipulations of the Loan Agreement.
4. The proceeds of the Loan shall be used to cover payments to be made by the Borrower to
suppliers, contractors and/or consultants of eligible source countries under such contracts as may
be entered into between them for the procurement of goods and services (including consultancy)
and the execution of work, required for the implementation of the Project.
                                               Article 2
    The terms and conditions of the Loan, as well as the procedures for its utilization, shall be
governed by the Loan Agreement, which shall contain, inter alia, the following provisions:
    (a) The repayment period shall be forty (40) years including a grace period of ten (10) years;
    (b) The interest rate shall be two-tenths of one percent (0.2%) per annum however no
        interest shall accrue for the portion of the Loan covering the consulting services provided
        by Korean consultants;
    (c) The disbursement period shall be up to forty-four (44) months from the effective date of
        the Loan Agreement or such other period as the Borrower and the Bank agree upon;
    (d) A service charge of one-tenth of one percent (0.1%) of the amount of each disbursement
        shall be collected by the Bank in case of a direct payment procedure, or of the amount
        specified in the letter of commitment in case of a commitment procedure;
    (e) All banking charges and/or costs for services rendered by banks in connection with
        disbursements of the proceeds of the Loan, repayment of principal or payment of interest
        payable to the Bank under the Loan Agreement shall be governed by a banking
        arrangement to be concluded between the authorized banks of the two countries; and
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