Act No. 142/An/16/7Th Ratifying A Financing Agreement For The Electric Connection Project Of The Djibouti-Ethiopia Railway Line (Lot. 2).

Original Language Title: Loi N° 142/AN/16/7ème L portant ratification d'un accord de financement pour le projet de raccordement électrique de la ligne de chemin de fer Djibouti-Ethiopie (lot. 2).

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Act No. 142/AN/16/7th L ratifying a financing agreement for the electrical connection project of the Djibouti-Ethiopia railway line (lot. 2).

NATIONAL ASSEMBLEE A ADOPTETHE PRESIDENT OF THE PROMULGUE REPUBLICI'll tell you what.





VU The Constitution of 15 September 1992;
VU Decree No.2013-0044/PRE of 31 March 2013 appointing the Prime Minister;
VU Decree No.2013-0045/PRE of 31 March 2013 appointing members of the Government;

VU Circular No.102/PAN of 27/03/2016 calling for the third public session of the 1st Ordinary Session of the Year 2016.

The Council of Ministers heard in its meeting on February 09, 2016.


ARTICLE 1: Is ratified a loan agreement of twenty four million four hundred twenty thousand and one hundred and thirty nine United States dollars (24,420,139.00 USD), between the Republic of Djibouti and The Export-Import Bank of China.

Article 2: This loan agreement is part of the financing of the electric connection project of the Djibouti-Ethiopia railway line.

Article 3: The annual interest rate applicable to the loan or the amount due to each period of interest is variable; it must be determined by the lender in accordance with the LIBOR interest rate in dollar to six months. The interest rate is therefore composed of the sum of the LIBOR (6 months) plus 3.25 %.

Article 4: This Act will be published upon promulgation.

Done in Djibouti, 05/04/2016


President of the Republic,
Head of Government
ISMAÏL OMAR GUELLEH