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STATE OF KARNATAKA
July 26, 2001
International Bank for Reconstruction
  and Development
1818 H Street, N.W.
Washington, D.C. 20433
United States of America
Re:
INDIA: Loan No. 4606-IN
(Karnataka State Highways Improvement Project)
Performance Monitoring Indicators
Dear Sirs and Mesdames:
This refers to paragraph 8 (a) of Schedule 2 to the Project Agreement of even
date herewith between the International Bank for Reconstruction and Development (the
Bank) and the State of Karnataka (Karnataka) for the Karnataka State Highways
Improvement Project.
Unless otherwise agreed with the Bank, Karnataka shall monitor and evaluate
implementation of the Project in accordance with the Performance Monitoring Indicators
attached to this letter.
Very truly yours,
STATE OF KARNATAKA
By /s/ C. Gopal Reddy
Authorized Representative
Attachment: Performance Monitoring Indicators