JUNAID KAMAL AHMAD Country Director South Asia Region January 5, 2021 Mr. Sukhbir Singh Controller of Aid Accounts and Audit Department of Economic Affairs, Ministry of Finance Government of India B-Wing, 5th Floor Janpath Bhawan New Delhi, India 110001 Re: IBRD Loan No. 9176-IN. West Bengal Inland Water Transport, Logistics and Spatial Development Project Disbursement and Financial Information Letter (DFIL) Excellency: I refer to the Loan Agreement between India (the "Borrower") and the International Bank for Reconstruction and Development (the "World Bank") for the West Bengal Inland Water Transport, Logistics and Spatial Development Project. The General Conditions, as defined in the Loan Agreement, provide that the Borrower may request withdrawals of Loan funds in accordance with the instructions as the World Bank may specify by notice to the Borrower. The General Conditions also provide that the Disbursement and Financial Information Letter ("DFIL") may set out Program specific financial reporting requirements. This letter constitutes such DFIL, and as revised from time to time, provides such additional requirements. I. Disbursement Arrangements, Withdrawal of Loan Funds and Reporting of Uses of Loan Funds. (i) Disbursement Arrangements. The table in Schedule 1 sets out the disbursement methods which may be used by the Borrower, including advances, conditions, information on registration of authorized signatures, processing of withdrawal applications ( corresponding to PBCs and regular disbursement categories), instructions on supporting documentation, and financial reporting. (ii) Electronic Delivery- Section 10.01 (c) of the General Conditions. The World Bank may permit the Borrower to electronically deliver applications (with supporting documents) through the World Bank's web-based portal (https://clientconnection.worldbank.org) "Client Connection". This option may be effected if: (a) the Borrower has designated in writing, its officials who are authorized to sign and deliver Applications and to receive Secure Identification Credentials ("SIDC") from the World Bank for the purpose of delivering such Applications by electronic means; and (b) all such officials designated by the Borrower have registered as users of "Client Connection". The designated officials may deliver Applications electronically by completing the Form 2380, which is accessible through "Client Connection". The Borrower may continue to exercise the option of preparing and delivering Applications in paper form. The World Bank reserves the right and may, in its sole discretion, temporarily or permanently disallow the electronic delivery of Applications by the Borrower. By designating officials to use SIDC and by choosing to deliver the Applications electronically, the Borrower confirms through the authorized signatory letter its agreement to: (a) abide by the Terms and Conditions of Use of Secure Identification Credentials in connection with Use of Electronic Means to Process Applications and Supporting Documentation, available in the World Bank's public website at https://worldbank.org and "Client Connection"; and (b) to cause such official to abide by those terms and conditions. II. Financial Reports and Audits. (i) Financial Reports. The Borrower shall prepare and furnish to the World Bank not later than forty-five ( 45) days after the end of each calendar quarter, interim unaudited financial reports (IFR) for the Program covering such quarter, in the format stated in the Attachment 2 to this DFIL. (ii) Audits. Each audit of the Financial Statements shall cover the period of one fiscal year of the Borrower, commencing with the fiscal year in which the first withdrawal was made. The audited Financial Statements for each such period shall be furnished to the World Bank not later than nine (9) months after the end of such period. III. Other Important Information For additional information on disbursement arrangements, please refer to the Loan Handbook available on the World Bank's website (http://www.worldbank.org/) and "Client Connection". The World Bank recommends that you register as a user of "Client Connection". From this website you will be able to prepare and deliver Applications, monitor the near real-time status of the Grant, and retrieve related policy, financial, and procurement information. For more information about the website and registration arrangements, or if you have any queries in relation to the above, please contact the World Bank by email at AskLoans@WorldBank.org using the reference West Bengal Inland Water Transport, Logistics and Spatial Development Project. IBRD Loan No. 9176-IN. Yours sincerely, Junaid Kamal Ahmad Country Director India Attachments 1. Form of Authorized Signatory Letter 2. Interim unaudited Financial Report (IFR) Schedule 1 to DFIL Disbursement Arrangements , ®, #p I ~--- -·•· __ ,_ Basic Infor mation Country India Closing Date Section 111.B.6. of Schedule 2 to Borrower/Beneficiary India the Loan Agreement. Loan 9176-IN Name of the Program Disbursement West Bengal Inland Water Transport, Four months after the closing Number Deadline Date Logistics and Spatial Development date. Project Subsection 3. 7 k J , Disbursement Methods and Supporting Documentation Disbursement Methods Methods Supporting Documentation Section 2 (**) Subsections 4.3 and 4.4 (**) Direct Payment NIA Not Available Reimbursement Yes Interim Unaudited Financial Reports (IFRs) in the format stated in Attachment 2 of this DFIL Advance I Designated Account Yes Interim Unaudited Financial Reports (IFRs) in the format stated in Attachment 2 of this DFIL Special Commitments NIA Not Available •· , lo Designated Account (Sections 5 and 6 ) \gag; Type Segregated (Funds to be passed on Ceiling Fixed at USD 2,000,000, Accessed based on the forecast back-to-back basis to the State) for one semester, as provided in the quarterly IFRs Reserve Bank of India ( the central United States Dollar (USD) Financial Institution Currency bank of the countrv) I Frequency of Reporting Subsection 6.3 () Quarterly (same as IFRs) . , . . ·. st , . ·,. Minimum Value of Applications (subsection 3.5) A"#3 'e 33- y 8 r The minimum value of applications for Reimbursement is USD 1,000,000 equivalent Authorized Signatures (Subsection3.1 and 3.2) The form for Authorized Signatories Letter is providedinAttachmentlofthisletter±/[ Withdrawal and Documentation Applications (Subsection 3.3and 3.4® \% ®#%38%55%% ® Authorized Signatures - The ASL will be sent to the following address: The World Bank/ Association Attention: Loan Operations Unit, WF ACS No. 11, Taramani Main Road Taramani, Chennai- 600 113, India Attention: WF ACS Unit. Withdrawal Applications (WAs)- All WAs and its supporting documentation will be electronically sent through the World Bank's system Client Connection. , 24 lg Notes ! e , J, al NJ Category 2 Eligible Expenditure Program (EEP) under PBCs consists of project-related investments (i.e., goods, works, non-consulting services, consulting services, training and operating costs) corresponding to ( 1) the cost of construction of terminal infrastructure and their operational and maintenance costs during the project lifetime, (2) incentive scheme for the private sector, procurement of vessels I retrofitting and their maintenance, (3) technical assistance, institutional reforms and sector modernization needs towards improved safety and efficiency, for example night navigation, emergency response and search and rescue, tools, equipment, software, and training, and ( 4) project management support including office improvement, consultant I staff hiring and compensation, and additional capacity for climate change and resilience, including salaries, bonuses and any other salary supplements for WBTIDCL staff ( as compensation for the time of staff working on the Project), but excluding existing civil servants. Sections and subsections relate to the "Disbursement Guidelines for Investment Project Financing", dated February 2017. Attachment 1- Form of Authorized Signatory Letter [Letter head] Ministry of Finance [Street address] [City] [Country] [DATE] The World Bank 1818 H Street, N.W. Washington, D.C. 20433 United States of America Attention: Mr. Junaid Kamal Ahmad, Country Director Re: Loan No. -IN. West Bengal Inland Water Transport, Logistics and Spatial Development Project. I refer to the Loan Agreement ("Agreement" ) between the International Bank for Reconstruction and Development (the "World Bank") and India (the "Borrower"), dated _ providing the above Loan. For the purposes of Section 2.02 of the General Conditions as defined in the Agreement, any 1[one] of the persons whose authenticated specimen signatures appear below is authorized on behalf of the Borrower to sign applications for withdrawal [and applications for a special commitment] under this Loan. For the purpose of delivering Applications to the World Bank, 2[each] of the persons whose authenticated specimen signatures appears below is authorized on behalf of the Borrower, acting 3[individually] 4[jointly], to deliver Applications, and evidence in support thereof on the terms and conditions specified by the World Bank. 5[This confirms that the Borrower is authorizing such persons to accept Secure Identification Credentials (SIDC) and to deliver the Applications and supporting documents to 1 Instruction to the Borrower: Stipulate if more than one person needs to sign Applications, and how many or which positions, and if any thresholds apply. Please delete this footnote in final letter that is sent to the World Bank. 2 Instruction to the Borrower: Stipulate if more than one person needs to jointly sign Applications, if so, please indicate the actual number. Please delete this footnote in final letter that is sent to the World Bank. 3 Instruction to the Borrower: Use this bracket if any one of the authorized persons may sign; if this is not applicable, please delete. Please delete this footnote in final letter that is sent to the World Bank. 4 Instruction to the Borrower: Use this bracket only if several individuals must jointly sign each Application; if this is not applicable, please delete. Please delete this footnote in final letter that is sent to the World Bank. 5 Instruction to the Borrower: Add this paragraph if the Borrower wishes to authorize the listed persons to accept Secure Identification Credentials and to deliver Applications by electronic means; if this is not applicable, please delete the paragraph. Please delete this footnote in final letter that is sent to the World Bank. the World Bank by electronic means. In full recognition that the World Bank shall rely upon such representations and warranties, including without limitation, the representations and warranties contained in the Terms and Conditions of Use of Secure Identification Credentials in connection with Use of Electronic Means to Process Applications and Supporting Documentation ("Terms and Conditions of Use of SIDC"), the Borrower represents and warrants to the World Bank that it will cause such persons to abide by those terms and conditions.] This Authorization replaces and supersedes any Authorization currently in the World Bank records with respect to this Agreement. [Name], [position] Specimen Signature: [Name], [position] Specimen Signature: [Name], [position] Specimen Signature: Yours truly, /signed/ [Position] Attachment 2- Interim unaudited Financial Reports (IFRs) SUMMARY SHEET PROJECT NAME: West Bengal Inland Water Transport, Logistics and Spatial Developmnet Project REFERENCE PERIOD: FOR THE PERIOD XX-XXX-XXXX to XX-XXX-XXXX IBRD LOAN NO -- SLNO CATEGORY NUMBER FOR THE QUARTER REIMBURSABLE% TO BE REIMBURSED 1 1 70% - 2 2 70% - 3 3 70% Total - 70% - All figures in Indian Rupees West Bengal Inland Water Transport, Logistics and Spatial Development Project IBRD LOAN XXXX-IN INTERIM UNAUDITED FINANCIAL STATEMENT FOR THE PERIOD XX-XXX-XXXX to XX-XXX-XXXX WBTIDCL - DETAILED EXPENDITURE REPORT Figures in INR { Cumulative for Description For the period This Vear Project life Expenditure Reported - - - Component 1- Strengthening lnstituional Capacity Component 2 - Technical Assistance for Planning Investment Prioritization Component 3 - Infrastructure investments to improve water transport Component 4- Support to Implementation Total - - a Applied to: Category 1-IPF @ 100% of all eligible expend -to be fully exhausted before accessing Category 2 & 3 Category 2-DLI based - all eligible expend @ 54% on pro-rata basis Category 3 - IPF - all eligible expend @ 46% on pro-rata basis Total - - - Project Finance Officer Project Director,WBTIDCL WBTIDCL -Cum- Special. Secretary To Govt. I West Be ngal Inland Water Transport, Logistics and Spatial Development Project IBRD LOAN XXXX-IN INTERIM UNAUDITED FINANCIAL STATEMENT FOR THE PERIOD XX-XXX-XXXX to XX-XXX-XXXX BUDGET LINK WORKSHEET 53 DEMAND NO TRANSPORT 5056 Capital Outlay on Inland Water Transport 104 Navigation For the period XX-XXX-XXXX to XX-XXX-XXXX Cumulative for the Year 002 West Bengal Inland Water Transport, Logistics and Spatial - - Development Project under World Bank Assistance (State Share) (EAP) [TR] 53 Major Works/ Land and Buildings 001 West Bengal Inland Water Transport, Logistics and Spatial - - Development Project under World Bank Assistance (Central Share) (EAP) [TR] 53 Major Works/ Land and Buildings TOTAL - - NOTES 1 All expenditures should be based on IFMS reports West Bengal Inland Water Transport, Logistics and Spatial Development Project I BRD LOAN XXXX-1 N INTERIM UNAUDITED FINANCIAL STATEMENT FOR THE PERIOD xxx-xx-XXXX TO xxx-xx-XXXX Payments Made During Reporting Period Against Contracts Subject to the World Bank's Prior Review All figures in Indian Rupees Contract No ! Supplier WB Control WBRNo Contract Date Contract Date Of WB's No Ainount Paid WB,s Share of Total (Cumulative) Amt Paid to I I I No Amount Objection to Contract lo Supplier During Supplier during paid against contract Period Period