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The World Bank INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT INTERNATIONAL DEVELOPMENT ASSOCIATION 1818 H Street N.W. Washington, D.C. 20433 U.S.A. (202) 477-1234 Cable Address: INTBAFRAD Cable Address: INDEVAS CONFORMED COPY December 10, 2002 H. E. Salam Fayyad Minister of Finance Palestinian Authority Gaza City, Gaza Re: Second Municipal Infrastructure Development Project - TF 023961 Amendment to the Trust Fund Credit Agreement Excellency: We refer to the Trust Fund Credit Agreement for the Second Municipal Infrastructure Development Project (TF023961) between the Palestine Liberation Organization (for the benefit of the Palestinian Authority) (the “Borrower”) and the International Development Association, acting as administrator of the Trust Fund for Gaza and West Bank (the “Administrator”), dated September 2, 2000, as amended (the “Credit Agreement”). We also refer to the letter from H.E. Mr. Mohammed Nashashibi, the former Minister of Finance of the Palestinian Authority and authorized representative of the Borrower, dated June 1, 2002, requesting the Administrator to reallocate the proceeds of the Credit to assist in financing emergency damage repair and services support activities in the West Bank and Gaza. We are pleased to inform you that the Administrator has agreed to the above request. Accordingly, the Credit Agreement is hereby amended as follows: 1. Section 1.02 (a) shall read as follows: ““Eligible Categories” means categories (1) (a), (1) (b), (1) (c), (2) (a), 2 (b), (2) (c), (3) (a), (3) (b), (3) (c), (4), (5) (a), (5) (b) and (5) (c) set forth in the table in Part A.1 of Schedule 1 to this Agreement;”. RCA 248423. WUI 64145 FAX (202) 477-6391 H.E. Salam Fayyad 2. Amount of the Credit Allocated (Expressed in U.S. Dollar Equivalent) (3) % of Eligible Expenditures to be Financed Civil works (a) under Part A.1 of the Project 1,800,000 85% (b) under Part A.2 of the Project 450,000 85% 2,000,000 85% (c) (2) December 10, 2002 The table in Part A.1 of Schedule 1 to the Credit Agreement shall read as follows: Category (1) -2- under Part Z of Project Goods (a) under Parts B.1 and C.1 of the Project 100,000 100% of foreign expenditures and 85% of local expenditures (b) under Parts B.2 and C.2 of the Project 400,000 100% of foreign expenditures and 85% of local expenditures (c) under Part Z of the Project 1,000,000 100% of foreign expenditures and 85% of local expenditures 1,000,000 100% of foreign expenditures and 85% of local expenditures Consultants’ services and training (a) under Parts A.1, B.1 and C.1 of the Project H.E. Salam Fayyad Category December 10, 2002 Amount of the Credit Allocated (Expressed in U.S. Dollar Equivalent) % of Eligible Expenditures to be Financed (b) under Parts B.2 and C.2 of the Project 500,000 100% of foreign expenditures and 85% of local expenditures (c) under Part Z of the Project 50,000 100% of foreign expenditures and 85% of local expenditures 50,000 100% of foreign expenditures and 85% of local expenditures (4) Consultants’ services under Part A.2 of the Project (5) Incremental Operating Costs (6) -3- (a) under Part C.1 of the Project 50,000 85% (b) under Part C.2 of the Project 50,000 85% (c) under Part Z of the Project 50,000 85% Unallocated TOTAL 0 ________ 7,500,000 3. In paragraph A.3 of Schedule 1, sub-paragraphs (b) (i) and (b) (ii), and the words “and (iii)” appearing after the words “the Administrator” shall be deleted. H.E. Salam Fayyad -4- December 10, 2002 4. In paragraph B.1 of Schedule 1, the word “and” in the second line shall be deleted and shall be replaced by a comma, and the words “and Z” shall be inserted between the words “C.1” and “of”. 5. In Schedule 2 to the Credit Agreement, a new Part Z shall be added and shall read as follows: “Part Z: Damage Repair and Emergency Service Support Activities Carrying out a program, consisting of the provision of goods and the execution of works, with a view to rehabilitating damaged physical and institutional infrastructure, and mitigating the decline in essential public service provision, including electricity, water, wastewater, solid waste and social services.” 6. In paragraph 2 of Schedule 4 to the Credit Agreement, the word “and”, appearing in the first line, shall be deleted and shall be replaced by a comma, and the words “and Z” shall be inserted between the words “C.1” and “of”. 7. All the terms and conditions of the Credit Agreement, not amended hereby, shall remain in full force and effect. H.E. Salam Fayyad -5- December 10, 2002 Please confirm your agreement with the foregoing by signing the confirmation on the copy of this Letter Amendment and returning it to our attention. Sincerely, INTERNATIONAL DEVELOPMENT ASSOCIATION As Administrator of the Trust Fund for Gaza and West Bank /s/ Nigel Roberts Nigel Roberts Country Director West Bank & Gaza AGREED AND CONFIRMED PALESTINE LIBERATION ORGANIZATION By /s/ Salam Fayyad Salam Fayyad Minister of Finance of the Palestinian Authority Authorized Representative of the Palestine Liberation Organization