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Act No. 191/An/12/6Th Ratifying The Loan Agreement Of The Port Project Of Tadjourah Concluded With The Fades.

Original Language Title: Loi N° 191/AN/12/6ème L portant ratification de l'Accord de Prêt du projet Port de Tadjourah conclu avec le FADES.

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Act No. 191/AN/12/6th L ratifying the Loan Agreement of the Port of Tadjourah project concluded with the FADES.

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



VU The Constitution of 15 September 1992;
VU Decree No.2011-0066/PRE of 11 May 2011 appointing the Prime Minister;
VU Decree No. 2011-0067/PRE of 12 May 2011 appointing members of the Government;
VU Decree No. 2011/076/PRE establishing the powers of the Prime Minister and members of the Government;
VU Circular No.260/PAN of 09/12/12 calling for the fourth public session of the 2nd Ordinary Session of the year 2012/2013;

The Council of Ministers heard in its meeting of 30 December 2012.

Article 1: Is ratified a loan agreement with the Arab Fund for Economic and Social Development (FADES) in the amount of 10 million koweiian dinars corresponding to 6,397,956,000 FD.

Article 2: The objective of the project is to develop the marine transport services of the Republic of Djibouti, through the construction of a new port in Tadjourah that will meet the growing demand for maritime traffic, and contribute to the economic and social development of the country and in particular of the northern regions.

Article 3: The conditions of the loan are concessional with a 25-year repayment period, of which 5 years of grace that begins to run on the date of the first disbursement and a 2.5% interest rate.

Article 4: This Act will be published in the Official Journal of the Republic of Djibouti upon promulgation.
Done in Djibouti, on 30/12/2012

President of the Republic,
Head of Government
ISMAÏL OMAR GUELLEH