FRAMEWORK FINANCING AGREEMENTFramework Financing Agreement • February 27th, 2014
Contract Type FiledFebruary 27th, 2014Parties This Framework Financing Agreement (“FFA”) dated 26 February 2014 is between India acting by its President (“India") and Asian Development Bank ("ADB"). Investment Program India is committed to and shall implement, through the Ministry of Road Transport and Highways (“MoRTH”) and the States of Manipur and West Bengal, the SASEC Road Connectivity Investment Program, which is an integral part of India’s investment program for regional connectivity (“Regional Road Connectivity Program”), which is in line with the SASEC framework. The Investment Program was endorsed by the SASEC trade facilitation and transport working group meeting held in Singapore on 30 October 2013. The total cost of the Investment Program over the period fiscal year (FY) 2014/15 to FY 2021/22 is expected to be $761.6 million equivalent. Multitranche Financing Facility The Multitranche Financing Facility ("Facility" or "MFF") is intended to finance individual projects under the Regional Road Connectivity Progra