Selected Enterprises definition
Selected Enterprises means the enterprises offered and selected for privatization under Parts A and B of the Project pursuant to paragraph 4 of Schedule 5 to this Agreement.”
3. The table in paragraph 1 of Schedule 1 to the Loan Agreement is revised to read as follows: Amount of the Loan Allocated % of (Expressed in Expenditures
(1) Consultants’ services 100% and training
(a) under Parts A and 13,730,000 C of the Project
(b) under Part B of 8,930,000 the Project
(2) Goods 100% of foreign expenditures,
(a) under Parts A and 970,000 100% of local C of the Project expenditures (ex-
(b) under Part B of the 230,000 factory cost) and Project 80% of local expenditures for other items procured locally
(3) Incremental operating 100% up to costs December 31, 1999, 80% up to
(a) under Parts A and 765,000 December 31, C of the Project 2000, 60% up to December 31, 2001, and 40% thereafter
(b) under Part B of 765,000 100% up to the Project December 31, 1999, 80% up to December 31, 2001, 60% up to December 31, 2002, and 40% thereafter
(4) Unallocated 2,610,000 TOTAL 28,000,000”
4. Part A of Schedule 2 to the Loan Agreement is revised to read as follows: “Part A: Restructuring, Privatization and Post Privatization Advisory Services Provision of consulting services for the restructuring by EIBB of state-owned enterprises. Provision of consulting services, including services by financial advisors, for privatization of enterprises not selected for privatization under Part B of the Project. Carrying out of diagnostic studies of Beneficiary Enterprises aimed at identifying and prioritizing the enterprises’ needs for advisory services and assessing their receptivity to consulting services. Preparation of terms of reference for an provision of advisory services to Beneficiary Enterprises in respect of or relating to their rehabilitation and restructuring, including the development of their marketing strategy and quality management systems, provision of partner reach, upgrade of products to international standards, and implementation of modern accounting, financial and commercial management systems, and preparation of feasibility studies for presentation to credit institutions. Strengthening of EIBB through the provision of consultants’ services, computers and office equipment and development of local consultant companies.”
5. Part B of Schedule 2 to the Loan Agreement is revised to read as follows:
Selected Enterprises means the enterprises offered and selected for privatization under Part B of the Project pursuant to paragraph 4 of Schedule 5 to this Agreement.