PREAMBLE. WHEREAS, the Bank has been established to provide financing for specific projects to xxxxxx the transition towards open market-oriented economies and to promote private and entrepreneurial initiative in the Central and Eastern European countries committed to and applying the principles of multiparty democracy, pluralism and market economics; WHEREAS, the Borrower intends to implement the Project as described in Schedule 1 which is designed to assist the Borrower in rehabilitation of its national road network, to facilitate road transportation and increase safety and to assist the Borrower in its ability to manage the road network and carry out road works effectively and efficiently; WHEREAS, the Project will be carried out by Public Enterprise Roads of Serbia (the "Project Entity") with financial assistance from the Borrower; WHEREAS, the Borrower has requested assistance from the Bank in financing part of the Project; WHEREAS, the Bank will endeavour to mobilise technical cooperation funds on a grant basis in the amount of up to EUR 70,000 to finance consultants who would assist the Project Entity in implementing ISO 39001 Standard for Road Traffic Safety Management (as such term is defined in the Project Agreement); WHEREAS, the Bank will endeavour to mobilise technical cooperation funds on a grant basis in the amount of up to EUR 75,000 to finance consultants who would assist the Project Entity in overseeing and monitoring of the professional training provided to young unemployed people (as such term is defined in the ESAP); WHEREAS, the Bank will endeavour to mobilise technical cooperation funds on a grant basis in the amount of up to EUR 30,000 to engage consultants to prepare and carry out the road safety campaign; WHEREAS, the Borrower intends to contract a loan from the European Investment Bank (the "EIB") in the amount of up to EUR 100,000,000 (the “EIB Loan”) to assist in financing Part B of the Project, subject to the terms and conditions set forth in an agreement between the Borrower and EIB (the "EIB Loan Agreement"); WHEREAS, the Borrower intends to contract a loan from the International Bank for Reconstruction and Development (the “World Bank”) in the amount of up to USD 100,000,000 (the “World Bank Loan”) to assist in financing Part B of the Project, subject to terms and conditions set forth in an agreement between the Borrower and the World Bank (the “World Bank Loan Agreement”); and NOW, THEREFORE, the parties hereby agree as follows: Sec...
PREAMBLE. WHEREAS, the Guarantor and Public Enterprise Emisiona Tehnika i Veze have requested assistance from the Bank in the financing of part of the Project; WHEREAS, pursuant to a loan agreement dated on or about the date hereof between Public Enterprise Emisiona Tehnika i Veze as Borrower and the Bank (the "Loan Agreement" as defined in the Standard Terms and Conditions), the Bank has agreed to make a loan to the Borrower in the amount of 24 million Euros, subject to the terms and conditions set forth or referred to in the Loan Agreement, but only on the condition that the Guarantor guarantees the obligations of the Borrower under the Loan Agreement as provided in this Agreement; and WHEREAS, the Guarantor, in consideration of the Bank entering into the Loan Agreement with the Borrower, has agreed to guarantee such obligations of the Borrower. NOW, THEREFORE, the parties hereby agree as follows: Section 1.01. Incorporation of Standard Terms and Conditions
PREAMBLE. WHEREAS, the Guarantor and Akcionarsko Društvo Za Železnički Prevoz Putnika “Srbija Voz”, Beograd have requested assistance from the Bank in the financing of part of Phase 1 of the refurbishing and upgrading the railway technical passenger station in Zemun, Belgrade (the “Project”); WHEREAS, pursuant to a loan agreement dated the date hereof between Akcionarsko Društvo Za Železnički Prevoz Putnika “Srbija Voz”, Beograd as Borrower and the Bank (the "Loan Agreement" as defined in the Standard Terms and Conditions), the Bank has agreed to make a loan to the Borrower in the amount of EUR 30,000,000 (thirty million euros), subject to the terms and conditions set forth or referred to in the Loan Agreement, but only on the condition that the Guarantor guarantees the obligations of the Borrower under the Loan Agreement as provided in this Agreement; and WHEREAS, the Guarantor, in consideration of the Bank entering into the Loan Agreement with the Borrower, has agreed to guarantee such obligations of the Borrower. NOW, THEREFORE, the parties hereby agree as follows: Section 1.01. Incorporation of Standard Terms and Conditions
PREAMBLE. WHEREAS, the Guarantor and Xxxxxxxx have requested assistance from the Bank in the financing of part of the Project; WHEREAS, pursuant to a loan agreement dated the date hereof between Srbija Kargo a.d. as Borrower and the Bank (the "Loan Agreement" as defined in the Standard Terms and Conditions), the Bank has agreed to make a loan to the Borrower in the amount of EUR 43 million, subject to the terms and conditions set forth or referred to in the Loan Agreement, but only on the condition that the Guarantor guarantees the obligations of the Borrower under the Loan Agreement as provided in this Agreement; and WHEREAS, the Guarantor, in consideration of the Bank entering into the Loan Agreement with the Borrower, has agreed to guarantee such obligations of the Borrower. NOW, THEREFORE, the parties hereby agree as follows: Section 1.01. Incorporation of Standard Terms and Conditions
PREAMBLE. WHEREAS, the Bank has been established to provide financing for specific projects to xxxxxx the transition towards open market-oriented economies and to promote private and entrepreneurial initiative in certain countries committed to and applying the principles of multiparty democracy, pluralism and market economics; WHEREAS, the Borrower is planning to construct a highway section, approximately WHEREAS, the Project will be carried out by Koridori Srbije d.o.o., a limited liability company registered under the laws of the Republic of Serbia and owned by the Republic of Serbia (the "Project Entity"), with the participation of the Ministry of Construction, Transport and Infrastructure of the Republic of Serbia (the “Beneficiary”); WHEREAS, the Borrower has requested assistance from the Bank in financing the Project; WHEREAS, the Bank has arranged technical cooperation funds on a grant basis for a total amount of EUR 250,000 (two hundred fifty thousand Euros) to assist the Project Entity in development and implementation of procurement practices and providing training opportunities for young people during the Project’s construction phase as described in Part 3 of the Project and to hire a lender’s monitoring consultant as described in Part 4 of the Project; WHEREAS, the Borrower has contracted a loan from the European Investment Bank (“EIB”) in the amount of EUR 100 million and a grant from the European Union (“EU”) through the Western Balkans Investment Framework (“WBIF”) in the amount of EUR NOW, THEREFORE, the parties hereby agree as follows: ARTICLE I - STANDARD TERMS AND CONDITIONS; DEFINITIONS Section 1.01. Incorporation of Standard Terms and Conditions
PREAMBLE. WHEREAS, the Bank has been established to provide financing for specific projects to xxxxxx the transition towards open market-oriented economies and to promote private and entrepreneurial initiative in certain countries committed to and applying the principles of multiparty democracy, pluralism and market economics; WHEREAS, the Bank and the Borrower have entered into a loan agreement (Rural Broadband Rollout Project) dated 30 December 2020 for the amount of 18,000,000 EUR (the “Initial Loan”) relating to the initial phase of the design and construction of mid-mile and last-mile fibre broadband infrastructure in zones without access to broadband network in rural areas in the Republic of Serbia. WHEREAS, the Borrower intends to implement the follow-up phase of the Rural Broadband Rollout Project as described in Schedule 1 (the “Project”) which is designed to assist the Borrower in the design and construction of mid-mile and last- mile fibre broadband infrastructure in zones without access to broadband network in rural areas in the Republic of Serbia, and which will connect up to 1,200 rural primary and secondary schools and public institutions and the surrounding 145,000 households in the surrounding catchment areas respectively; WHEREAS, the Borrower has requested assistance from the Bank in financing part of the Project; WHEREAS, it is under consideration to make available funds under the Western Balkans Investment Framework on a grant basis in an aggregate amount of up to EUR 35,000,000 (thirty five million Euros) (the “Grant”) to assist the Borrower in designing the Project; subject to the terms and conditions to be set forth in the Grant Agreements; and NOW, THEREFORE, the parties hereby agree as follows: ARTICLE I - STANDARD TERMS AND CONDITIONS; DEFINITIONS Section 1.01. Incorporation of Standard Terms and Conditions
PREAMBLE. WHEREAS, the Guarantor and Elektrodistribucija Srbije d.o.o., Beograd a limited liability company organised and existing under the laws of the Republic of Serbia (the “Borrower”) have requested assistance from the Bank in the financing of part of the Project as defined in Section 1.02 of this Agreement; WHEREAS, pursuant to a loan agreement dated the date hereof between the Borrower and the Bank (the "Loan Agreement" as defined in the Standard Terms and Conditions), the Bank has agreed to make a loan to the Borrower in the amount of EUR 40,000,000 (forty million Euro), subject to the terms and conditions set forth or referred to in the Loan Agreement, but only on the condition that the Guarantor guarantees the obligations of the Borrower under the Loan Agreement as provided in this Agreement; and WHEREAS, the Guarantor, in consideration of the Bank entering into the Loan Agreement with the Borrower, has agreed to guarantee such obligations of the Borrower. NOW, THEREFORE, the parties hereby agree as follows: Section 1.01. Incorporation of Standard Terms and Conditions
PREAMBLE. WHEREAS the Borrower has requested the Fund to grant it a Loan to assist in the financing of Construction Of Bio4 Campus In Belgrade Project described in Schedule No. (2) to this Agreement (hereinafter called the Project) ; (B) WHEREAS the Borrower has allocated an amount of Ninety-seven million (97,000,000) U.S. Dollars for financing part of the Project;
PREAMBLE. WHEREAS the Borrower has requested the Fund to grant it a Loan to assist in the financing of Strengthen Irrigation Infrastructure In Different Areas Project described in Schedule No. (2) to this Agreement (hereinafter called the Project) ; (B) WHEREAS the Borrower has allocated an amount of million (1,000,000) Euro for financing part of the Project;
PREAMBLE. WHEREAS, the Bank has been established to provide financing for specific projects to xxxxxx the transition towards open market-oriented economies and to promote private and entrepreneurial initiative in certain countries committed to and applying the principles of multiparty democracy, pluralism and market economics; WHEREAS, the Borrower intends to implement the Project as described in Schedule WHEREAS, the Project will be carried out by the Borrower, acting through the Responsible Ministries, and the Project Entities; WHEREAS, the Bank has agreed to make available technical cooperation funds in an amount of up to EUR 325,000 to fund consultancy services for the purpose of implementing the technical cooperation project in accordance with the Terms of Reference; WHEREAS, the Borrower has requested assistance from the Bank in financing part of the Project; and NOW, THEREFORE, the parties hereby agree as follows: Section 1.01. Incorporation of Standard Terms and Conditions