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B-158692, APR. 11, 1966

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Highlights

ARE AS FOLLOWS. THE PURPOSE OF THE LOAN AGREEMENT IS EXPRESSED IN SECTIONS 1.1 AND 1.2 OF THE AGREEMENT. "SUCH GOODS AND SERVICES FINANCED HEREUNDER ARE HEREINAFTER REFERRED TO AS "ELIGIBLE ITEMS" * * "SECTION 1.2. WHICH THE BORROWER IS PROVIDING OUT OF RESOURCES OTHER THAN THIS LOAN.'. HAVE BEEN MADE FOR CONSTRUCTION AND/OR PROCUREMENT SERVICES TO CARRY OUT THE PROJECT. * * *" THE LOAN AGREEMENT WAS ALSO SUBJECT TO THE STANDARD PROVISIONS ANNEX. WHICH WAS ATTACHED TO THE AGREEMENT. BORROWER WILL CARRY OUT THE PROGRAM WITH DUE DILIGENCE AND EFFICIENTLY (SIC) AND IN CONFORMITY WITH FINANCIAL PRACTICES. BIDS FOR THE CONSTRUCTION OF THE DAM AND FOR THE ERECTION OF THE TURBINES WERE FIRST SOLICITED IN THE WINTER OF 1964-65.

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