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Law N ° 2005-045 Authorizing The Ratification Of The Credit Agreement Related To The Project Of The Road Sambaina - Faratsiho - Soavinandriana Concluded On October 17, 2005 Between The Republic Of Madagascar And The Arab Bank For The Economic Developm...

Original Language Title: Loi n°2005-045 autorisant la ratification de l’Accord de crédit relatif au Projet de la Route Sambaina – Faratsiho – Soavinandriana conclu le 17 octobre 2005 entre la République de Madagascar et la Banque Arabe pour le Développement Economique...

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REPOBLIKAN'I MADAGASIKARA Tanindrazana-Fahafahana-Fandrosoana _ law n ° 2005-045 authorizing the ratification of the credit agreement on the draft of the Sambaina road - Faratsiho - Soavinandriana concluded on October 17, 2005 between the Republic of Madagascar and the Arab Bank for economic development in Africa (BADEA) explanatory statement _ following credit agreement dated October 17, 2005, the Republic of Madagascar has contracted with the Arab Bank for economic development in Africa (BADEA) a loan of eight million five (8,500,000) $ 100,000 approximately ten seven billion eight hundred forty seven million seven hundred five thousand (17.847.705.000) MGA.
This appropriation is intended to finance the project of the. Road Sambaina - Faratsiho - Soavinandriana object of the agreement the project aims to: contribute to the development of the transport sector - improving service level as well as in - development socio-economic support to Madagascar, the extension and the continuity of the road network covered nationwide - improving traffic conditions of - national road No. 43 Sambaina Faratsiho Soavinandriana continuity of year-round transportation services-the year , the facilitation of access to educational and health services,-expand trade and encourage activities-village, encouraging agricultural production and livestock, - reduce the travel time - goods through the reduction of costs of transport and travel, the contribution to the opening up of populated areas - and the people involved in the project, the reduction of poverty in the region of the project. - DESCRIPTION and components of the SITUATION of the project the project is located in the departments Soavinandriana, Faratsiho and Antsirabe at 142 km from the capital Antananarivo components of the project the project consists of the rehabilitation and upgrading of the Sambaina, Faratsiho, Soavinandriana road.
The project revolves around the following components: work of geniuses civil and accessories which include colour:(a) - installation of the site -, all the work of site preparation, excavation, floor, - the paving by a layer of bituminous concrete, - the implementation of sanitation and drainage works and the work of road signs consultancy Services which include:b) the development of studies of execution - the preparation of records of tendering for work-supervision and control of the work.
FINANCIAL terms - Amount USD 8,500,000 approximately 17.847.705.000 ARIARY. -Total duration: 30 years including 10 years grace – repayment of principal: 40 semi-annual payments 2 - interest: 1% annually on the amount of the loan withdrawn and not yet repaid project duration the project completion date is December 31, 2008.
This is the purpose of this Act.
3 REPOBLIKAN'I MADAGASIKARA Tanindrazana-Fahafahana-Fandrosoana _ law No. 2005-045, authorizing the ratification of the credit agreement on the draft of the Sambaina road - Faratsiho - Soavinandriana concluded on October 17, 2005 between the Republic of Madagascar and the Arab Bank for economic development in Africa (BADEA) the National Assembly and the Senate passed during their respective dated December 14, 2005 and December 16, 2005 , the law whose content follows: Article first - is authorized, the ratification of the credit agreement concluded on October 17, 2005, between the Republic of Madagascar and the Arab Bank for economic development in Africa (BADEA) d ' an amount of eight million five hundred thousand (8,500,000) $ roughly ten seven billion eight hundred forty seven million seven hundred five thousand (17.847.705.000) MGA.
Art. 2 - This Act shall be published in the Official Journal of the Republic. It will be run as State law.
Antananarivo, December 16, 2005 the PRESIDENT of the Assembly national the PRESIDENT of the Senate LAHINIRIKO Jean RAJEMISON RAKOTOMAHARO 4