제16073호                            관                보                2005. 8.29. (월요일)

 (a)The repayment period shall be thirty (30)         procurement of goods and services for the

   years including a grace period of ten (10)         Project shall be the Republic of Korea.

   years;                                             However, items which are impossible or

 (b)The interest rate shall be two point zero         uneconomical to purchase from the eligible

   percent (2.0%) per annum;                          source country may be procured from third

 (c)The disbursement period shall be forty-           countries for up to twenty percent (20%) of

   two (42) months from the effective date of         the loan amount with the prior consent of

   the Loan Agreement or such other period            the Bank.

   as the Borrower and the Bank agree upon;       2. The suppliers of all goods and services for

 (d)In the event the Borrower fails to make           the implementation of the Project shall be
                                                      selected through competitive bidding among
   payment of all or any portion of the
                                                      Korean companies. However, other methods
   principal of the Loan or any other amount
                                                      to be agreed upon between the Borrower and
   when due under the Loan Agreement, the
                                                      the Bank may be applicable to contracts for
   unpaid amount shall bear an overdue
                                                      amounts of less than Two Hundred and
   charge at the rate of two point zero
                                                      Fifty Thousand US dollars (US$250,000).
   percent(2.0%) per annum above the
                                                  3. The procurement contract shall be
   interest rate specified in the Loan
                                                      concluded within eighteen (18) months from
   Agreement; and
                                                      the effective date of the Loan Agreement.
 (e)A service charge of one-tenth of one
                                                  4. The detailed methods and procedures for
   percent (0.1%) of the amount of each
                                                      procurement shall be governed by the Loan
   disbursement in case of a direct payment
                                                      Agreement.
   procedure, or of the amount specified in
                                                                      Article 4
   the Letter of Commitment in case of a
                                                      In the event the funds available from the
   commitment procedure, shall be collected
                                                  proceeds of the Loan are insufficient for the
   by the Bank. All banking charges and/or        full implementation of the Project, the
   costs for services rendered by commercial      Borrower shall promptly make arrangements
   banks in connection with disbursements of      to provide such funds as shall be needed.
   the proceeds of the Loan, repayment of                             Article 5
   principal or payment of interest payable to        The proceeds of the Loan shall be disbursed
   the Bank under the Loan Agreement shall        by the Bank to the Borrower, or to the supplier
   be subject to a banking arrangement to be      on behalf of the Borrower, in accordance with
   concluded    between       the   concerned     the progress of the Project, up to the amount
   commercial banks of the two countries.         of the Loan, and within the disbursement
                  Article 3                       period specified in the Loan Agreement and in

1. The eligible source country for the            accordance with disbursement procedure

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