제19154호                               관              보              2017. 12. 15.(금요일)
Development Cooperation Fund (hereinafter referred to as the “EDCF”), for the Establishment of
Kenya Advanced Institute of Science and Technology Project (hereinafter referred to as the
“Project”).
2. The borrower of the Loan shall be the Government of the Republic of Kenya (hereinafter
referred to as the “Borrower”), acting by and through the National Treasury.
3. The Loan shall be denominated in Korean Won. The amount of the Loan shall not exceed the
equivalent of Ninety Four Million Six Hundred Ninety Seven Thousand US dollars
(US$94,697,000) and shall be fixed in Korean Won in accordance with the relevant provisions of a
Loan Agreement to be concluded between the Borrower and the Bank (hereinafter referred to as
the “Loan Agreement”).
                                                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 principles:
    (a) The repayment period shall be forty (40) years including a grace period of ten (10) years;
    (b) The interest rate shall be one-tenth of one percent (0.1%) per annum;
        When the Borrower makes a procurement contract with Korean Small and Medium
        Enterprises (SMEs) or Medium-Large Companies, preferential interest rates shall apply to
        the Loan covering civil works and procurement of equipment and facilities as follows:
        (i) In case one or more Korean SMEs (including a consortium or joint venture (JV) by
              Korean SMEs) enter into the contract, zero percent (0%) interest rate shall apply.
        (ii) In case one or more Korean Medium-Large Companies (including a consortium or
              joint venture (JV) by Korean Medium-Large Companies) enter into the contract, fifty
              percent (50%) of the current interest rate shall apply.
        (iii) In case the consortium or joint venture (JV) in which Korean SMEs and/or
              Medium-Large Companies occupy fifty percent (50%) or above of the share while one
              or more SMEs take at least twenty percent (20%) of the share enter into a contract,
              fifty percent (50%) of the current interest rate shall apply.
        No interest shall accrue on the Loan covering the consulting services provided by Korean
        Consultant(s).
    (c) The disbursement period shall be sixty nine (69) 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;
    (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 subject to a banking
        arrangement to be concluded between the concerned banks designated by the Borrower
        and the Bank ; and
    (f) In the event the Borrower fails to make payment of all or any portion of the principal of
        the Loan or any other amount when due under the Loan Agreement, the unpaid amount
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