관              보
                        제14837호                                                              2001. 6. 28. (목요일)
                            ARRANGEMENT BETWEEN                         Ministry of Finance to the Bank.
                    THE GOVERNMENT OF THE REPUBLIC OF KOREA           (3)The Loans shall be denominated in Korean
                                        AND
                                                                        Won. The amount of the Loans denominated in
                  THE GOVERNMENT OF THE PEOPLE’S REPUBLIC OF CHINA      Korean Won shall not exceed the equivalence
                   CONCERNING THE FIRST PHASE-FIFTH LOAN FROM           of Thirty Two Million US dollars (US$
                  THE ECONOMIC DEVELOPMENT COOPERATION FUND             32,000,000) for Project A, Four Million Nine
                    The Government of the Republic of Korea and         Hundred Eighty Thousand US dollars
                  the Government of the People’s Republic of
                                                                        (US$4,980,000) for Project B and Four Million
                  China, in accordance with the Agreement               Nine Hundred Fifty Thousand US dollars
                  between the Government of the Republic of             (US$4,950,000) for Project C respectively,
                  Korea and the Government of the People’s              and shall be fixed at the average of the
                  Republic of China concerning Loans from the           telegraphic transfer selling rates of Korean
                  Economic Development Cooperation Fund signed          Won against US Dollar as quoted by the Bank
                  on November 14, 1995, have agreed as follows:         during the one month period from the 16th day
                                      Article 1                         of two months prior to the month when the first
                  (1)The Government of the Republic of Korea            Procurement Contract is signed, to the 15th day
                    shall enable the Government of the People’s         of one month prior thereto, in accordance with
                    Republic of China to obtain three loans             the Loan Agreement to be concluded between
                    (hereinafter referred to as “the Loans”             the Borrower and the  Bank (hereinafter
                    collectively and the “Loan”singularly) from         referred to as “the Loan Agreement”).
                    the Export-Import Bank of Korea (hereinafter                          Article 2
                    referred to as “the Bank”), the government          The terms and conditions of the Loans, as well
                    agency for the Economic Development as the procedures for its utilization will be
                    Cooperation Fund(hereinafter referred to as       governed by the Loan Agreement, which will
                   “the EDCF”) for the implementation of contain, inter alia, the following principles:
                    following three projects (hereinafter referred to   (1)The repayment period will be Thirty(30) years
                    as “the Projects”). Project A Mudanjiang-Jixi         including a grace period of Ten(10) years;
                    Highway Construction Project Project B              (2)The interest rate will be Two percent
                    Ecological Project for Desertification Control in     (2.0%) per annum;
                    Yikezhao League Inner Mongolia Autonomous           (3)A service charge of One-tenth of One
                    Region Project C Haikou City, Meishe River            percent(0.1%) of the amount of each
                    Comprehensive Renovation Project                      disbursement in case of direct payment
                  (2)The Government of the People’s Republic of           procedure, or of the amount specified in the
                    China, acting through the Ministry of Finance,        letter of commitment in case of commitment
                    hereby designates as the Borrower the                 procedure, shall be collected by the Bank.
                    Industrial and Commercial Bank of China for           All banking charges and/or costs for
                    the Project A, the Export-Import Bank of              services rendered by commercial banks in
                    China for Project B and C, and guarantees the         connection with disbursements of the
                    due and punctual repayment of the principal of        proceeds of the Loan, repayment of principal
                    the Loan and payment of the accrued interest          or payment of interest payable to the Bank
                    thereon as well as all other amounts due and          under the Loan Agreement shall be subject
                    payable by the relevant Borrower under the            to a banking arrangement to be concluded
                    Loans. However, any change of such bank               between the Borrower and Korean
                    may be made by the prior notice of the                commercial bank designated by the Bank.
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