Diario Oficial de Uruguay del 23/06/2017 (contenido completo)

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Documen tos

Nº 29.726 - junio 23 de 2017

DiarioOf‌icial |

Los documentos publicados en esta edición, fueron recibidos los días 15, 20 y 21 de junio y publicados tal como fueron redactados por el órgano emisor.

MINISTERIO DE ECONOMÍA Y FINANZAS

MINISTERIO DE RELACIONES EXTERIORES

MINISTERIO DE TRANSPORTE Y OBRAS PÚBLICAS

Montevideo, 12 de Junio de 2017

VISTO: el proyecto de Contrato de Préstamo Nº 8733-UY, a

celebrarse entre la República Oriental del Uruguay (ROU) y el Banco

Internacional de Reconstrucción y Fomento (BIRF), destinado al

“Financiamiento Adicional para el Programa de Rehabilitación y

Mantenimiento Vial”.

RESULTANDO: I) que el Contrato de Préstamo Nº 8205-UY,

celebrado entre ROU y BIRF, destinado al nanciar parcialmente el

Programa de Rehabilitación y Mantenimiento Vial, por un monto de

hasta U$S 66:000.000 (sesenta y seis millones de dólares de los Estados

Unidos de América), fue suscrito con fecha 11 de diciembre de 2012 y

luego modicado de común acuerdo por las partes rmantes en el mes

de junio de 2016.

II) que el monto del Contrato de Préstamo Nº 8733-UY

Financiamiento Adicional, a celebrarse entre ROU y BIRF, asciende

a la suma de U$S 70:000.000 (setenta millones de dólares de los

Estados Unidos de América), que será amortizado en un plazo de 17,5

(diecisiete años y medio), con un periodo de gracia de 5 (cinco) años

y con una tasa de interés variable.

III) que dicho nanciamiento adicional fue formalmente aprobado

por el Directorio Ejecutivo del BIRF en sesión de fecha 24 de marzo

de 2017.

IV) que el Ministerio de Transporte y Obras Públicas (MTOP) será

el Organismo Ejecutor del referido Programa.

CONSIDERANDO: que corresponde proceder a la aprobación del

Contrato de Préstamo Financiamiento Adicional (Préstamo Nº 8733-

UY), a celebrarse entre la República Oriental del Uruguay (ROU) y el

Banco Internacional de Reconstrucción y Fomento (BIRF), así como

autorizar que el mismo sea suscrito, en representación del país, por el

Señor Ministro de Economía y Finanzas, Cr. Danilo Astori o por el Señor

Subsecretario de Economía y Finanzas, Cr. Pablo Ferreri, indistintamente.

ATENTO: a lo dispuesto por el artículo 145 de la Ley Nº 15.851 de

24 de diciembre de 1986,

EL PRESIDENTE DE LA REPÚBLICA

RESUELVE:

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1º.- Apruébase el proyecto de Contrato de Préstamo Nº 8733-UY, a

celebrarse entre la República Oriental del Uruguay (ROU) y el Banco

Internacional de Reconstrucción y Fomento (BIRF), por un monto de

hasta U$S 70:000.000 (setenta millones de dólares de los Estados Unidos

de América), destinado al “Financiamiento Adicional para el Programa

de Rehabilitación y Mantenimiento Vial”, cuyo texto constituye parte

integrante de la presente Resolución.

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2º.- El referido Contrato será oportunamente otorgado y suscrito, en

nombre y representación del país, por el Señor Ministro de Economía y

Finanzas, Cr. Danilo Astori o por el Señor Subsecretario de Economía

y Finanzas, Cr. Pablo Ferreri, indistintamente.

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3º.- Desígnanse, indistintamente, a los Dres. Ricardo Pérez Blanco,

Marcos Álvarez Rego y Fernando Scelza, para que expidan por la

República los dictámenes jurídicos correspondientes.

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4º.- Dese cuenta a la Asamblea General, dentro de los 10 (diez) días

siguientes a la celebración del Contrato de Préstamo referido.

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5º.- Comuníquese y publíquese. Cumplido, pase a la Unidad de

Relacionamiento con Organismos Multilaterales del Ministerio de

Economía y Finanzas. Fecho, archívese.

Dr. TABARÉ VÁZQUEZ, Presidente de la República, Período

2015-2020; DANILO ASTORI; MARÍA JULIA MUÑOZ; VÍCTOR

ROSSI.

Legal Department

February 23, 2017 LOAN NUMBER 8733-UY

Loan Agreement

(Additional Financing for the Uruguay Road Rehabilitation and

Maintenance Program)

between

REPÚBLICA ORIENTAL DEL URUGUAY

and

INTERNATIONAL BANK FOR RECONSTRUCTION

AND DEVELOPMENT

Dated , 201_

LOAN AGREEMENT

Agreement dated _________________, 201_, between REPÚBLICA

ORIENTAL DEL URUGUAY (“Borrower”) and INTERNATIONAL

BANK FOR RECONSTRUCTION AND DEVELOPMENT (“Bank”)

for purpose of providing additional nancing for activities related to

the Original Program (as dened in the Appendix to this Agreement).

The Borrower and the Bank hereby agree as follows:

ARTICLE I — GENERAL CONDITIONS; DEFINITIONS

1.01. The General Conditions (as dened in the Appendix to this

Agreement) constitute an integral part of this Agreement.

1.02. Unless the context requires otherwise, the capitalized terms

used in this Agreement have the meanings ascribed to them in

the General Conditions or in the Appendix to this Agreement.

ARTICLE II — LOAN

2.01. The Bank agrees to lend to the Borrower, on the terms and

conditions set forth or referred to in this Agreement, the amount

of seventy million Dollars ($ 70,000,000), as such amount

may be converted from time to time through a Currency

Conversion in accordance with the provisions of Section 2.08

of this Agreement (“Loan”), to assist in nancing the program

described in Schedule 1 to this Agreement (“Program”).

PODER EJECUTIVO

MINISTERIO DE ECONOMÍA Y FINANZAS

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Resolución 519/017

Apruébase el proyecto de Contrato de Préstamo a celebrarse entre la

República Oriental del Uruguay y el BIRF, destinado al “Financiamiento

Adicional para el Programa de Rehabilitación y Mantenimiento Vial”.

(1.670*R)

4Documentos Nº 29.726 - junio 23 de 2017 | DiarioOf‌icial

2.02. The Borrower may withdraw the proceeds of the Loan in

accordance with Section IV of Schedule 2 to this Agreement. All

withdrawals from the Loan Account shall be deposited by the

Bank into an account specied by the Borrower and acceptable

to the Bank.

2.03. The Front-end Fee payable by the Borrower shall be equal to

one quarter of one percent (0.25%) of the Loan amount. The

Borrower shall pay the Front-end Fee not later than sixty days

after the Eective Date.

2.04. The Commitment Charge payable by the Borrower shall be

equal to one quarter of one percent (0.25%) per annum on the

Unwithdrawn Loan Balance.

2.05. The interest payable by the Borrower for each Interest Period

shall be at a rate equal to the Reference Rate for the Loan

Currency plus the Variable Spread; provided, however, that the

interest payable shall in no event be less than zero percent (0%)

per annum; and provided furthermore that, upon a Conversion

of all or any portion of the principal amount of the Loan,

the interest payable by the Borrower during the Conversion

Period on such amount shall be determined in accordance

with the relevant provisions of Article IV of the General

Conditions. Notwithstanding the foregoing, if any amount of

the Withdrawn Loan Balance remains unpaid when due and

such non-payment continues for a period of thirty days, then

the interest payable by the Borrower shall instead be calculated

as provided in Section 3.02 (e) of the General Conditions.

2.06. The Payment Dates are February 15 and August 15 in each year.

2.07. The principal amount of the Loan shall be repaid in accordance

with the amortization schedule set forth in Schedule 3 to this

Agreement.

2.08. (a) The Borrower may at any time request any of the following

Conversions of the terms of the Loan in order to facilitate

prudent debt management: (i) a change of the Loan

Currency of all or any portion of the principal amount of

the Loan, withdrawn or unwithdrawn, to an Approved

Currency; (ii) a change of the interest rate basis applicable

to: (A) all or any portion of the principal amount of the

Loan withdrawn and outstanding from a Variable Rate

to a Fixed Rate, or vice versa; or (B) all or any portion

of the principal amount of the Loan withdrawn and

outstanding from a Variable Rate based on a Reference

Rate and the Variable Spread to a Variable Rate based

on a Fixed Reference Rate and the Variable Spread, or

vice versa; or (C) all of the principal amount of the Loan

withdrawn and outstanding from a Variable Rate based

on a Variable Spread to a Variable Rate based on a Fixed

Spread; and (iii) the seing of limits on the Variable Rate

or the Reference Rate applicable to all or any portion of the

principal amount of the Loan withdrawn and outstanding

by the establishment of an Interest Rate Cap or lnterest

Rate Collar on the Variable Rate or the Reference Rate.

(b) Any conversion requested pursuant to paragraph (a)

ofthis Section that is accepted by the Bank shall be

considered a “Conversion”, as dened in the General

Conditions, and shall be eected in accordance with the

provisions of Article IV of the General Conditions and

of the Conversion Guidelines.

ARTICLE III — PROGRAM

3.01. The Borrower declares its commitment to the objectives of the

Program. To this end, the Borrower, through MTOP, shall, and shall

cause CVU to, carry out the activities under the Program which fall

within their administrative/legal responsibility, all in accordance

with the provisions of Article V of the General Conditions.

3.02. Without limitation upon the provisions of Section 3.01 of this

Agreement, and except as the Borrower and the Bank shall otherwise

agree, the Borrower shall ensure that the Program is carried out in

accordance with the provisions of Schedule 2 to this Agreement.

ARTICLE IV — REMEDIES OF THE BANK

4.01. The Additional Events of Suspension consists of the following;

(a) that the CVU shall have failed to comply with any of its

obligations under the Subsidiary Agreement; and

(b) that the CVU shall have failed to comply with any of their

obligations under the Assignment Agreement, in such a

manner so as to aect materially and adversely, in the

opinion of the Bank, the ability of the CVU to carry out

the Program activities under its responsibility.

4.02. The Additional Event of Acceleration consists of the following,

namely, that any event specified in Section 4.01 of this

Agreement occurs and is continuing for a period of 60 days after

notice of the event has been given by the Bank to the Borrower.

ARTICLE V — EFFECTIVENESS; TERMINATION

5.01. The Additional Condition of Effectiveness consists of the

following, namely, that the Subsidiary Agreement has been

amended in a manner acceptable to the Bank.

5.02. Without prejudice to the provisions of the General Conditions,

the Eectiveness Deadline is the date ninety (90) days after the

date of this Agreement.

ARTICLE VI — REPRESENTATIVE; ADDRESSES

6.01. The Borrower’s Representative is its Minister of Economy and

Finance.

6.02. The Borrower’s Address is:

Ministerio de Economía y Finanzas

Colonia No. 1089, Tercer Piso

Montevideo, Uruguay

Facsimile: 5982 1712 2688

e-mail: organismos.multilaterales@mef.gub.uy

6.03. The Bank’s Address is:

International Bank for Reconstruction and Development

1818 H Street, N.W.

Washington, D.C. 20433

United States of America

Telex: Facsimile:

248423(MCI) or 1-202-477-6391

64145(MCI)

AGREED at _________________________ , as of the day and year

rst above wrien.

REPÚBLICA ORIENTAL DEL URUGUAY

By _________________________________

Authorized Representative

Name:______________________________

Title: _______________________________

INTERNATIONAL BANK FOR

RECONSTRUCTION AND DEVELOPMENT

By ________________________________

Authorized Representative

Name: _____________________________

Title: ______________________________