관      보
            제15468호                            2003. 8. 9. (토요일)
              ARRANGEMENT BETWEEN  3. The Loan amount shall be made available
          THE GOVERNMENT OF THE REPUBLIC OF
                                    through a Loan Agreement (hereinafter
                  KOREA AND
                                    referred to as “the Loan Agreement”) to be
          THE GOVERNMENT OF THE DEMOCRATIC
                                    concluded between the Borrower and the
               SOCIALIST REPUBLIC OF 
                                    Bank.
           SRI LANKA CONCERNING A LOAN FROM
                                   4. The Loan shall be denominated in Korean
             THE ECONOMIC DEVELOPMENT
                                    Won. The amount of the Loan shall not exceed
                COOPERATION FUND
                                    the equivalent of seventeen million six
          The Government of the Republic of Korea and
                                    hundred thirty five thousand US dollars (US$
         the Government of the Democratic Socialist
                                    17,635,000) and shall be fixed in accordance
         Republic of Sri Lanka (hereinafter referred to as
                                    with the relevant provisions of the Loan
         “the Contracting Parties”), in accordance with
                                    Agreement.
         the Agreement between the Government of the
                                   5. The proceeds of the Loan shall be used to
         Republic of Korea and the Government of the
                                    cover payments to be made by the Borrower to
         Democratic Socialist Republic of Sri Lanka
                                    suppliers, contractors and/or consultants of
         concerning Loans from the Economic
                                    the eligible source country under such
         Development Cooperation Fund signed on
                                    contracts as may be entered into between
         December 27, 1995, have agreed as follows:
                                    them for the procurement of goods and
                   Article 1
                                    services required for the implementation of the
         1. The Government of the Republic of Korea
                                    Project. 
          shall enable the Government of the
                                            Article 2
          Democratic Socialist Republic of Sri Lanka to
                                    The terms and conditions of the Loan, as well
          obtain a loan (hereinafter referred to as “the
                                   as the procedures for its utilization, shall be
          Loan”) from the Export-Import Bank of Korea
                                   governed by the Loan Agreement which shall
          (hereinafter referred to as “the Bank”), the
                                   contain, inter alia, the following principles:
          government agency for the Economic
                                    (1) The repayment period shall be thirty (30)
          Development Cooperation Fund (hereinafter
                                     years including a grace period of ten (10)
          referred to as “ the EDCF”), for the
                                     years; 
          implementation of the Balangoda-
                                    (2) The interest rate shall be two point five
          Bandarawela Road Rehabilitation Project
                                     percent (2.5%) per annum;
          (hereinafter referred to as “the Project”). 
                                    (3) The disbursement period shall be fifty four
         2. The Borrower of the Loan shall be the
                                     (54) months from the effective date of the
          Government of the Democratic Socialist
                                     Loan Agreement or such other period as the
          Republic of Sri Lanka, acting by and through
          the Ministry of Finance.
                                     Borrower and the Bank agree upon;
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