제16320호                            관                 보                    2006. 8.21. (월요일)

(a) The repayment period shall be twenty five         for the Project shall be the Republic of
 (25) years including a grace period of seven         Korea and the Dominican Republic.
 (7) years;                                           However, items which are impossible or
(b) The interest rate shall be one point seven        uneconomical to purchase from the eligible
 percent (1.7%) per annum;                            source countries may be procured from third
(c) The disbursement period shall be thirty           countries for up to ten percent (10%) of the
 (30) months from the effective date of the           Loan amount.
 Loan Agreement or such other period as the          2. The suppliers of goods and services

 Borrower and the Bank agree upon;                    necessary for the implementation of the

(d) A service charge of one-tenth of one              Project      shall    be    selected     through

 percent (0.1%) of the amount of each                 competitive      bidding         among   Korean

 disbursement in case of a direct payment             suppliers.
                                                     3. The procurement contracts shall be
 procedure, or of one-tenth of one percent
                                                      concluded within eighteen (18) months after
 (0.1%) of the amount specified in the letter
                                                      the effective date of the Loan Agreement.
 of commitment in case of a commitment
                                                     4. A consultant (or consultants) shall be
 procedure, shall be collected by the Bank;
                                                      employed through competitive bidding
(e) All banking charges and/or costs for
                                                      among Korean consulting firms. The
 services rendered by banks in connection
                                                      consulting contract shall be concluded
 with disbursements of the proceeds of the
                                                      within eighteen (18) months after the
 Loan, repayment of principal or payment of
                                                      effective date of the Loan Agreement.
 interest payable to the Bank under the Loan
                                                     5. Details of the methods and procedures for
 Agreement shall be subject to a banking
                                                      procurement shall be governed by the Loan
 arrangement to be concluded between the
                                                      Agreement.
 banks designated by the Borrower and the
                                                                           Article 4
 Bank; and
                                                      In the event the funds available from the
(f) In the event the Borrower fails to make          proceeds of the Loan are insufficient for the
 payment of all or any portion of the                full implementation of the Project, the
 principal of the Loan or any other amount           Borrower shall promptly make arrangements
 when due under the Loan Agreement, the              to provide such funds as shall be needed.
 unpaid amount shall bear an overdue charge                                Article 5
 at the rate of two percent (2.0%) per annum          The proceeds of the Loan shall be disbursed
 above the interest rate specified in the Loan       by the Bank to the Borrower, or to the
 Agreement.                                          suppliers and consultant(s) on behalf of the
                  Article 3                          Borrower, in accordance with the progress of
1. The eligible source countries for the             the Project, up to the amount of the Loan, and
 procurement of goods and services required          within the disbursement period specified in

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