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Law N ° 2003-039 Authorizing The Ratification Of The Agreement The Project Of Electrification Rural (Ibermad) Concluded On 03 October 2003 Between The Republic Of Madagascar And The Instituto De Credito Oficial (Ico) Of The Kingdom Of Spain

Original Language Title: Loi n°2003-039 autorisant la ratification de l’Accord relatif au Projet d’Electrification Rurale (IBERMAD) conclu le 03 octobre 2003 entre la République de Madagascar et l’Instituto de Credito Oficial (ICO) du Royaume d’Espagne

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REPOBLIKAN'I MADAGASIKARA Tanindrazana - Fahafahana - Fandrosoana law n ° 2003-039 authorizing the ratification of the agreement relating to the project of Electrification rural (IBERMAD) concluded on 03 October 2003 between the Republic of Madagascar and the Instituto de Credito Oficial (ICO) of the Kingdom of Spain explanatory memorandum in the context of the implementation of the priority national programme of fight against poverty conducted currently by the Malagasy Government the project of Rural Electrification was chosen.
Relief Fund to the development (FAD) of the Kingdom of Spain has granted a credit in the amount of 2 090 260 (two million four twenty ten thousand two hundred and sixty) Euros, or about 15 000 000 000 (fifteen billion) FRANCS MALAGASY to finance the project.
I objectives the project aims to accelerate the electrification of the country, including in rural areas and to ensure security of electricity supply in the best conditions in harmony with economic development.
II - DESCRIPTION of the project the project consists of the provision of materials and equipment for production and distribution of electricity for the electrification of 27 rural communities in six autonomous provinces of Madagascar.
III - CONDITIONS financial amount: 2 090 260 Euros, or approximately 15 000 000 000 Fmg - interest: 2.4% annually with semi-annual maturities to-done 6 months from the date of entry into force.
Commitment fee: 0.10% per year - applied 6 months after the entry into force of the agreement and will be completed within 18 months from the entry into force.
Management fee: 0.10% FLAT - applied to the total amount of the credit. Return of capital: 30 years-a period of 11 years, 38 equal semi-annual payments.
-Reimbursement of the first deadline: from the 11th year of the date of entry into force.
Prepayment:-all or part of the amount of the credit if the minimum amount reaches EUR 100 000 and represents a multiple of EUR 10 000. Interest on late payment: If the amounts - to pay don't are not put at the disposal of the ICO in the currency agreed on the date of maturity and the situation has not been resolved within 30 days, the amounts will be an overdue debt and earn interest equivalent to that which will be effective the day of the deadline for the deposit in euros of the EURIBOR at 6 months plus 1 percentage point.
Under the terms of article 82, paragraph VIII of the Constitution "the ratification or approval of the treaties... who committed the State finances,.. .must be authorized by law.
This is the purpose of this Act.
REPOBLIKAN'I MADAGASIKARA Tanindrazana-Fahafahana-Fandrosoana law n ° 2003-039 authorizing the ratification of the agreement on the deal (IBERMAD) Rural Electrification project on 03 October 2003 between the Republic of Madagascar and the Instituto de Credito Oficial (ICO) of the Kingdom of Spain the National Assembly and the Senate have adopted their respective dated December 05, 2003, and December 17, 2003 during the law whose content follows : Article first - is authorized the ratification of the agreement on the deal (IBERMAD) Rural Electrification project on 03 October 2003 between the Republic of Madagascar and the Instituto Credito Oficial of the Kingdom of Spain in the amount of two million four twenty ten thousand two hundred and sixty (2 090 260) EUROS or about 15 billion (15.000.000.000) FRANCS MALAGASY.
Article 2 - This Act shall be published in the Official Journal of the Republic.
It will be run as State law.
Antananarivo, December 17, 2003, the PRESIDENT of the National Assembly, the PRESIDENT of the Senate, LAHINIRIKO Jean RAJEMISON RAKOTOMAHARO REPOBLIKAN'I MADAGASIKARA Tanindrazana - Fahafahana - Fandrosoana Lalana laharana faha-2003-039 ankatoavana ny fanekena fifanarahana mifandraika amin 'ny Tetikasa Famatsiana Herinaratra eny Ambanivohitra (IBERMAD) izay noraiketina tamin' ny 03 oktobra 2003 nifanaovan 'ny Repoblikan' i Madagasikara sy ny Instituto de crédito oficial (ICO) avy amin 'ny Fanjakan' any i Spain.
_ FAMELABELARANA NY ANTONANTONY 'ny fandaharanasa izay laharana imasoan loha' stay Ao ny Governemanta Malagasy amin 'ny ady amin' ny fahantrana dia voatazona ho anisan' ny Tetikasa Famatsiana Herinaratra any Ambanivohitra izany.
NY "(FAD) development aid Fund" avy amin 'ny Fanjakan' i Spain dia nanometric flew mitetina 2.090.260 (ENIM - POLO SY SY SIVY ALINA ROA TAPITRISA SY ROANJATO) Euros izany hoe sahabo ho 15.000.000.000 (DIMY AMBIN'NY FOLO LAVITRISA) FMG mba hamatsiana io tetikasa io.
I - TANJONA Ny tetikasa dia mikendry indrindra ny hanafaingana ny fanantanterahana ny famatsiana herinaratra, indrindra ny eny ambanivohitra ary ny hiantoka ny famatsiana herinaratra ao stay 'ny fepetra tsara indrindra izay mifanaraka amin' ny fampandrosoana ara-toekarena.
II - FANORITSORITANA NY TETIKASA Ny tetikasa dia mikasika ny famatsiana ara-pitaovana sy-kojakojam sy fitsinjarana herinaratra pamokarana ho year 'ny kaomina Ambanivohitra miisa 27 voatsinjara ao amin' ny mizaka tena enina faritany (6) eto Madagasikara.
III - FEPETRA - ARA BOLA - Sorabola: 2.090.260 Euros, izany hoe sahabo ho 15.000.000.000 Iraimbilanja. -Zanabola: 2.4% isan-taona Matt isaky ny enim-bolana hotanterahina enim-bolana aorian ka fandoavana'ny nanaovana ny fifanekena daty.
-Tambim-panekena: 0.10% isa-taona, enim-bolana aorian ampiharina'nydaty nanaovana ny fifanekena. -Tambim-pitantana: 0.10% FLAT ampiharina amin 'ny totalin' ny vola nosamborina. -Famerenana ny renivola: 30 taona ka ao stay ' izany ny fotoana famelana 11 taona, fandrotsahana 38 mitovy isaky ny enim-bolana.
-Famerenana amin'ny fandrotsahana voalohany: manomboka ny taona faha 11 aorian'ny nanaovana ny fifanekena - Famerenana mialoha daty: izy rehetra na ampahany amin'ny sorabola fampisamborana raha ny vola kely indrindra mahatratra ary mitsinjara € 10,000-€ 100,000.
-Interest on late payment: raha tsy eo ampelatanan 'ny ICO ny vola tokony haloa amin' ny husband-bola nifanarahana amin 'ny fandoavana ary tsy voaefa ao stay daty' ny 30 andro manaraka dia lasa tsy voaloa ary manome "Default interest" trosa mitovy amin'ny Euros ny isaky ny enim-bolana ary mitombo isan-jato iray EURBOR.
Araka ny voalazan 'ny andininy faha-82, andalana faha-VIII ao amin' ny Lalampanorenana: "Ny fankatoavana na fanekena ireo mamatotra ny vola panjakana fifanarahana dia amin 'ny alalan' ny Lalana No. anekena izany.
No. antonanton Izany' Lalana ity ity.
REPOBLIKAN'I MADAGASIKARA Tanindrazana - Fahafahana - Fandrosoana Lalana laharana faha-2003-039 ankatoavana ny fanekena fifanarahana mifandraika amin 'ny Tetikasa Famatsiana Herinaratra eny Ambanivohitra (IBERMAD) izay noraiketina tamin' ny 03 oktobra 2003 nifanaovan 'ny Repoblikan' i Madagasikara sy ny Instituto de crédito oficial (ICO) avy amin 'ny Fanjakan' any i Spain _ Nolanian 'sy ny Antenimierandoholona tamin Antenimierampirenena ny' ny fivoriana izay nataony ny faha - 05 desambra 2003 sy faha 17 desambra 2003 avy , izao manaraka izao Lalana: Andininy voalohany. -Omen-dalana, ny fankatoavana ny Fifanarahana fampisamboram-bola mikasika ny Tetikasa Famatsiana 'aratra eny Ambanivohitra, noraiketina tamin' hérin 03 oktobra 2003 ifanaovan 'ny Repiblikan' ny i Madagasikara sy ny "Instituto de crédito Oficial" avy any amin 'ny Fanjakan' i mahatratra ENIMPOLO SY SY SIVY ALINA ROA TAPITRISA SY ROANJATO izay Spain (2. (090-260) EUROS sahabo ho DIMBY AMBIN'NY FOLO LAVITRISA (15.000.000.000) Iraimbilanja.
Andininy faharoa.-Havoaka amin 'ny Gazetim-panjakan' ny Repoblika izao Lalana izao.
Hotanterahina izany fa lane-panjakana.
Antananarivo, faha 17 desambra 2003 NY FILOHAN 'NY NY FILOHAN' NY ANTENIMIERAMPIRENENA, LAHINIRIKO Jean RAJEMISON Rakotomaharo ANTENIMIERANDOHOLONA