Common Contracts

Project Agreement

Project Agreement • April 30th, 2010

• Contract Type
  Project Agreement
• Filed
  April 30th, 2010

WHEREAS (A) by a Loan Agreement of even date herewith between India (the Borrower) and the Bank, the Bank has agreed to make available to the Borrower an amount of ninety nine million five hundred thousand Dollars ($99,500,000) on the terms and conditions set forth in the Loan Agreement, and by a Development Credit Agreement of even date herewith between the Borrower and the Association, the Association has agreed to make available to the Borrower an amount in various currencies equivalent to two hundred and six million Special Drawing Rights (SDR 206,000,000), on the terms and conditions set forth in the Development Credit Agreement, but only on condition that Participating States agree to undertake such obligations toward the Bank and the Association as are set forth in the Loan Agreement and Development Credit Agreement, respectively, and in this Agreement;