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December 21, 2001
AMENDMENT NO. 4 TO THE FINANCING AGREEMENT N° ALA/PHI/90/21 OF 10-05/1992 BETWEEN THE EUROPEAN COMMUNITY AND THE GOVERNMENT OF THE REPUBLIC OF THE PHILIPPINES
"Earthquake Rehabilitation Programme"
AMENDMENT N°4 to THE FINANCING AGREEMENT N° ALA/PHI/90/21
The Commission of the European Communities, hereinafter referred to as "THE COMMISSION", acting for and on behalf of the European Community, hereinafter referred to as "THE COMMUNITY"
of the one part,
and
The Government of the Republic of the Philippines, hereinafter referred to as "THE RECIPIENT"
of the other part,
have agreed as follows;
The following provisions of the Financial Agreement N° ALA/PHI/90/21 "Earthquake Rehabilitation Programme" concluded between the Community and the Recipient on 10 May 1992 (the "Financing Agreement") are hereby replaced/completed as follows:
Art. 2 COMMITMENT OF THE COMMUNITY
[Paragraphs land 2 unchanged]
This Financing Agreement is subject to an expiry date, after which any balance of funds remaining available under the EC GRANT shall be automatically cancelled. THE COMMISSION may, however, depending on the circumstances, agree to an appropriate extension of this expiry date, should such an extension be requested and properly justified by THE RECIPIENT.
For the present project, the implementation phase shall end on 31 December 2002. The expiry date of the Financing Agreement is hereby set at 31 December 2003.
ANNEX A TECHNICAL AND ADMINISTRATIVE PROVISIONS
Annex A, Technical and Administrative Provisions, is amended as shown in the revised Annex A attached to this Amendment.
All other terms and conditions of the Financing Agreement and its previous riders/amendments remain unchanged. This Amendment shall enter into force on the date on which it is signed by the later of the two parties.
For the Recipient | For the Community |
Name | Name |
Signature: (Sgd.) | Signature: (Sgd.) |
Date: Dec. 21, 2001 | Date: 15-11-2001 |
ANNEX A TECHNICAL AND ADMINISTRATIVE PROVISIONS
1.1. Project content and overall objective
[Paragraphs 1 and 2 unchanged]
- [Indent 1 unchanged]
- a Health Component, which will assist in the construction of one provincial hospital (n Agoo, La Union province). This component will be implemented by the Department of Health (DoH) until 31 December 2002 inclusive of the one year guarantee period for the equipment, with a financial provision from the EC grant of EUR 13,710,100.
- [indent 3 unchanged]
2.3 Time schedule
The Project as a whole and the Health component will be implemented until 31 December 2002. The construction and the equipment of the Agoo hospital will be completed by 31 December 2001, with the exception of the final acceptance of the works and of the equipment, foreseen in the course of 2002 after the one year guarantee period.
2.5 Cost estimates
2.5.1 EC grant
| Agriculture component | EUR 6,677,700 |
| Health component | EUR 13,710,100 |
| Studies component | EUR 2,212,200 |
| TOTAL | EUR 22,600,000 |
Detailed cost estimate is given in Appendix A.2 attached hereto
APPENDIX A.2.DETAILED IMPLEMENTATION PROVISIONS
RELATING TO
ERP (ALA/90/21) : HEALTH COMPONENT
A.2.2 Financing
The total maximum direct cost of this component is EUR 13,710,100, to be covered entirely under the EC grant. In addition, the Government of the Philippines will cover full costs of the land required for the hospital, the additional water surveys, the access road, as well as the full cost of their staffing, operating and maintenance.
[Paragraph 2 unchanged]
A.2.7 Cost Estimate
Budget item | Original FA modified by riders 1,2 and 3 In EUR | Modifications In EUR | Amendment 4 In EUR |
| DESIGN & CONSTRUCTION | 8,320,000 | 883,400 | 9,203,400 |
| EQUIPMENT | 2,482,000 | -62,100 | 2,419,900 |
| SUPERVISION | 2,325,000 | -294,100 | 2,030,900 |
| PILOT OUTREACH | - | - | |
| CONTINGENCIES | 375,000 | -319,100 | 55,900 |
| TOTAL | 13,502,000 | 208,100 | 13,710,100 |
[Paragraph 2 unchanged]