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ΕΠΙΣΗΜΗ ΕΦΗΜΕΡΙΔΑ ΤΗΣ 17ης ΙΟΥΛΙΟΥ
1984
cost to be ca1cu1ated at
θΩ
1nterest rate of 9% per annum over a
per10d of
40
years; and (11) the term "we1ghted average" of such
unit cost means mu1t1p1ying the unit cost for each scheme or
project by the corresponding volume of water produced, total11ng
the resu1ts, and dividing such total by the total v01ume of water
avai1ab1e under said schemes and projects.
(d) For each Scheme or Project for wh1cl\ charges shal1 be
es
ΙΒ
b11shed pursuant to pa ragraphs (a) (1 i) , (b) (1 i) and (b)
(11i) of th1s Section, the
Borrowe~
shal1, as soon as the charges
for the respect1ve Scheme orProject ' have been estab1ished, take
a11 measures necessary to ensure prompt collection of said
ch~rges
from the farmers benef1ting therefrom.
(e) The Borrower sha11: (1) before the end of each f1scal
year, review the charges referred to
ίη
paragraphs (a) and (b) of
this Section
ίη
accordance with a methodology acceptab1e
Ιο
the
Borrower and the Bank and furnish the results of such review
Ιο
the Bank for its comments; and (11) not later than March of the
f0110wing year, revise said charges, if necessary, taking
ίήιο
account the Bank's comments.
Section
4.05.
(a)
As
soon as the the fac11it1es to be
constructed under the Project are completed the Borrower shall
i~troduce
and thereafter maintain a unified bu1k water tariff for
its supp1y of domestic water.
(b) Except
θβ
the Bank sha11 otherwise agree, the Borrower
sha11 at a11 times maintain tariffs charged
οη
a11 domest1c water
at 1eve1s sufficient to cover, for each fisca1 year,
ίη
respect
of each domestic water supp1y scheme for which separate accounts
are to be maintained pursuant to Section
4.02
of thrs Agreement,
fu11 operating and maintenance costs (inc1uding contingencies for
working capita1 requirements) and debt service requirements or
depreciation, whichever i8 higher.
(c) The Borrower sha11: (i) before the end of each fisca1
year,
οη
the basis of forecasts prepared by the Borrower and
satisfactory to the Bank, review the adequacy of its tariffs to'
meet the requirements set forth
ίη
the preceding paragraph (b) in
respect of such year and the next f0110wing fiscal year and sha11
furnish to the Bank a copy of such review upon its comp1etion;
and (ii) not later than March of the f0110wing year, revise said
charges, if necessary, taklng into account the Bank's comments.
(d) For purposes of this Sectlon:
(i) the term "work1ng capital requirements" means,
ί-ρ
respect of each domestic water supp1y scheme, the
difference between current assets (accounts
rece1vable, 1nventor1es and cash) and current
1iabi11tles (accounts payab1e and amounts due to
supp1iers ); and
(11) the term "debt service requ1rements" means the
aggregate amount . of amortization and interest
οη
debt
1η
respect of each
doιnestic
water supp1y
scheme, and includes Government advances to be
amortized over
40
years at
θΩ
interest rate of 9%
per annum.
(e) The Borrower shal1 take adequate measures
Ιο
ensure
that 1ts Water Boards and Vl11age Councils regularly adjust the
cost
οί
water suppl1ed at the retail
1ev~1
so
θθ
to reflect ful1y
the water supply tarlffs referred to
1η
paragraph (b) of th1s
Sect10n.
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