Thursday, March 11, 2021

Export – Import Bank of China Loan Agreement for financing Kality Ring Road Interchange Tulu Dimtu Roundabout Road and Kality Ring Road Bulbula - Kilinto Roundabout Road Projects Ratification Proclamation No. 988/2017

 

PROCLAMATION NO. 988/2017

A PROCLAMATION TO RATIFY THE LOANAGREEMENT BETWEEN THE GOVERNMENT OF THE FEDERAL DEMOCRATIC REPUBLIC OF ETHIOPIA AND EXPORT- IMPORT BANK OF CHINA

 

WHEREAS, a loan Agreement, between the Government of the Federal Democratic Republic of Ethiopia and Export- Import Bank of China stipulating that the Export – Import Bank of China provide to the Federal Democratic Republic of Ethiopia Loan in amount equivalent to one hundred two million seven hundred thirty six thousand one hundred forty seven and fifty three cents (102,736,147.53 USD) for financing Kality Ring Road Interchange Tulu Dimtu Roundabout Road and Kality Ring Road Bulbula - Kilinto Roundabout Road Project was signed in Addis Ababa on the 4th day of October 2016;

WHEREAS, the House of Peoples’ Representative of the Federal Democratic Republic of Ethiopia has ratified said Loan Agreement at its session held on the 27th day of  December, 2016;

NOW,THEREFORE, in accordance with Article 55 (1) and (12) of the constitution, it is hereby proclaimed as follows:

1.   Short Title

This Proclamation may be cited as the “Export – Import Bank of China Loan Agreement for financing Kality Ring Road Interchange Tulu Dimtu Roundabout Road and Kality Ring Road Bulbula - Kilinto Roundabout Road Projects Ratification Proclamation No. 988/2017”.

 

2.      Ratification of the Agreement

 

The Loan Agreement Contract No. BLAETH2016001 signed in Addis Ababa on October 04th 2016 between the Government of the Federal Democratic Republic of Ethiopia and Export- Import Bank of China is hereby ratified.

3.      Power of the Ministry of Finance and Economic Cooperation

 

The Ministry of Finance and Economic Cooperation is hereby empowered to undertake all acts necessary for the utilization of the Loan amount of one hundred two million seven hundred thirty six thousand one hundred forty seven and fifty three cents (102,736,147.53 USD) in accordance with the terms and conditions set forth in the Loan Agreement.

4.      Effective Date

This Proclamation shall in to force on the date its publication in the Federal Gazette.

Done at Addis Ababa, this 13th day of   January, 2017

 

Dr. MULATU TESHOME

PRESIDANT OF THE FEDERAL

 

DEMOCRATICREPUBLIC OF ETHIOPIA

No comments:

Post a Comment