EUROPEAN INVESTMENT BANK
SLOVENIA – RAILWAY TRANSPORT SECTOR PROJECT
                              FI Nr:
                              Agora Nº: 2002 0040

01.01  Amount of Credit
       By this Contract the Bank establishes in favour of the Borrower, and the
       Borrower accepts, a credit (hereinafter the "Credit") in an amount
       equivalent to EUR 34 000 000 (thirty four million euro), for the sole
       purpose of part financing the Project.
1.02   Disbursement Procedures
       A.  The Credit shall be available for drawing by the Borrower in one
           tranche (hereinafter referred as the "Tranche") of up to an amount
           equivalent to EUR 34 million.
       B.  Disbursement of the Tranche shall be made upon written request
           (hereinafter referred to as a "Request") from the Borrower specifying:
           (a) the amount requested for disbursement under the Tranche;
           (b) the currency in which the Borrower prefers the Tranche to be
               disbursed, being a currency referred to in Paragraph 1.03;
           (c) whether the Tranche is to bear a fixed rate of interest
               (hereinafter referred to as “Fixed-Rate Tranche” as defined in Sub
               paragraph 3.01A) or a variable rate of interest (hereinafter
               referred to as “Variable-Rate Tranche” as defined in Sub-paragraph
               3.01B);
           (d) the applicable interest rate, if any, previously indicated by the
               Bank without commitment, determined in accordance with Paragraph
               3.01;
           (e) the Borrower’s preferred repayment terms, such terms being chosen
               in accordance with Paragraph 4.01; and
           (f) the preferred date for disbursement, it being understood that the
               Bank may disburse the Tranche up to four calendar months from the
               date of the Request.
           No Request may be made later than 31 December 2004. Subject to the
           proviso to Sub-paragraph 1.02C, each Request is irrevocable.
       C.  Between fifteen and ten days before the date of disbursement of the
           Tranche the Bank shall, if the Request conforms to Sub-paragraphs 1.02A
           and B and subject to Paragraphs 1.04 and 1.07, deliver to the Borrower
           a notice (hereinafter a "Disbursement Notice") which shall:
           (a) confirm the amount and currency of the Tranche specified in the
               Request;
           (b) confirm whether the Tranche shall be a Fixed-Rate Tranche or a
               Variable-Rate Tranche;
           (c) specify the interest rate determined pursuant to Sub-paragraph
               3.01A. or during the first Reference Period pursuant to Sub
               paragraph 3.01B.;
           (d) specify the repayment terms applicable to the Tranche; and
           (e) specify the date of disbursement of the Tranche.
           Provided that if one or more elements specified in the Disbursement
           Notice does not conform to the corresponding element in the Request,
           the Borrower may, within three Luxembourg business days following
           receipt of the Disbursement Notice, revoke the Request by notice to the
           Bank and thereupon the Request and the Disbursement Notice shall be of
           no effect.
       D.  Disbursement of the Tranche shall be made to such bank account in the
           name of the Borrower as the Borrower shall notify to the Bank not less
           than ten days before the date of disbursement.
1.03   Currency of Disbursement
       Subject to availability, the Bank shall disburse the Tranche in the
       currency for which the Borrower has expressed a preference. The currency of
       disbursement shall be the euro, a currency of one of the Member States of
       the Bank not participating in the third stage of EMU or any other currency,
       which is widely traded on the principal foreign exchange markets and which,
       in case of a Variable Rate Tranche is a currency which the Bank disposes of
       at a variable-rate funding.
       For the calculation of the sum to be disbursed in a currency other than
       euro, the Bank shall apply the reference exchange rates computed and
       published by the European Central Bank in Frankfurt, or failing which the
       exchange rates prevailing on any other financial market chosen by the Bank,
       on such day within fifteen days before the date of disbursement as the Bank
       shall decide.
1.04   Conditions of Disbursement
       A.  The disbursement of the Tranche pursuant to Paragraph 1.02 shall be
           subject to the fulfilment of the following conditions to the
           satisfaction of the Bank, namely that before the date of the Request:
           (a) the Attorney General of the Borrower shall have issued a favourable
               legal opinion in the English language satisfactory to the Bank on
               the due execution of this Contract by the Borrower and on the
               relevant documentation;
           (b) the Borrower shall have furnished to the Bank evidence of the
               authority of the person or persons authorised to sign the Request
               and the authenticated specimen signature of such person or persons;
               and
           (c) the Bank shall have received the details of a person appointed by
               the Ministry of Transport of Slovenia and satisfactory to the Bank,
               in accordance with Paragraph 6.08.
       B.  If a Request for the disbursement of the Tranche is made by the
           Borrower before receipt by the Bank of evidence satisfactory to it that
           such conditions of this Paragraph 1.04 have been fulfilled, such
           Request shall be deemed to have been received by the Bank on the date
           the conditions shall have been completed.
1.05   Deferment Commission
       If disbursement of the Tranche is deferred at the request of the Borrower
       (with the consent of the Bank), or by reason of the non-fulfilment of a
       condition of disbursement, the Borrower shall pay deferment commission on
       the undisbursed portion of the Tranche at an annual rate of 1%, calculated
       from the originally specified disbursement date to the actual disbursement
       date, or if the Tranche is not (wholly) disbursed, to the date of annulment
       or cancellation of the Tranche. The request for deferral must be received
       by the Bank at least eight days before the original disbursement date. Such
       commission shall accrue from day to day and shall be payable on each
       quarterly date specified in Paragraph 5.03.
1.06   Annulment of Credit
       If the cost of the Project should fall short of the figure stated in the
       Recitals, the Bank may, by notice to the Borrower, annul the undisbursed
       portion of the Credit in proportion to the shortfall.
 
       The Borrower may at any time, by notice to the Bank, in whole or in part
       annul any undisbursed portion of the Credit.
 
       If the Borrower annuls the Tranche and the relevant Request made by the
       Borrower has not been revoked pursuant to the provisio of Sub-paragraph
       1.02C, it shall pay a commission calculated on the amount annulled at a
       flat rate equal to half the rate of interest specified in the respective
       Disbursement Notice. Such commission shall be payable in addition to any
       commission payable under Paragraph 1.05.
 
       The Bank may annul, by notice to the Borrower, any part of the Credit in
       respect of which no disbursement has been made by 30 April 2005.
1.07   Cancellation and Suspension of Credit
       The Bank may, by notice to the Borrower, cancel the undisbursed portion of
       the Credit at any time and with immediate effect:
       (a)  following the occurrence of any event mentioned in Sub-Paragraph
            10.01A or B; or
       (b)  if exceptional circumstances shall arise which adversely affect the
            Bank's access to national or international capital markets,
       provided that the Bank shall not be entitled to cancel, on grounds of case
       (b), any Tranche which has been the subject of a Disbursement Notice.
 
       Alternatively, if the Bank is of the opinion that a situation described in
       Indent (a) and (b) has arisen and is temporary, it may by notice to the
       Borrower suspend the undisbursed portion of the Credit. In such case, the
       suspension shall continue until, following a further Request, the Bank is
       again in a position to issue a Disbursement Notice. Suspension shall not
       imply any extension of the annulment date pursuant to Paragraph 1.06.
 
       The Credit shall be considered as cancelled if the Bank demands repayment
       under Article 10.
 
       If the Credit is cancelled other than by reason of the circumstances
       mentioned under Indent (b) above, the Borrower shall pay a commission on
       the cancelled amount of the undisbursed Tranche which has been the subject
       of a Disbursement Notice, at an annual rate of 0.75%, calculated from the
       date of the relevant Disbursement Notice to the date of cancellation.
 
       Such commission shall be payable in addition to any commission payable
       under Article 1.06.
1.08   Currency of Commissions
       Commissions due from the Borrower to the Bank under this Article 1 shall be
       calculated and payable in euro.

2.01   Amount of the Loan
       The loan (hereinafter called the "Loan") shall comprise the aggregate of
       the amounts disbursed by the Bank, as notified by the Bank pursuant to
       Paragraph 2.04.
2.02   Currency of Repayments
       The repayment of the Loan under Article 4 or, as the case may be, Article
       10 shall be effected in the currency disbursed.
2.03   Currency of Interest and Other Charges
       Interest and other charges payable under Articles 3, 4 and 10 shall be
       calculated and be payable proportionally in the currency in which the Loan
       is repayable.
 
       Any other payment shall be made in the currency specified by the Bank
       having regard to the currency of the expenditure to be reimbursed by means
       of that payment.
2.04   Notification by the Bank
       After disbursement of the Tranche, the Bank shall deliver to the Borrower a
       summary statement showing the amount, currency, disbursement date,
       repayment schedule and the fixed or prevailing variable rate of and for the
       Tranche.

3.01   Rate of Interest
       A. The outstanding balance of the Fixed-Rate Tranche shall bear interest at
          the rate specified in the Disbursement Notice relative thereto, which
          rate shall be the interest rate applied by the Bank at the date of issue
          of the Disbursement Notice, in accordance with procedures from time to
          time laid down by its board of directors, to loans denominated in the
          relevant currency and granted by the Bank to its borrowers on the same
          repayment terms and on the same terms for the payment of interest as the
          Tranche in question.
          Interest on the Fixed-Rate Tranche shall be payable semi-annually in
          arrears on the dates specified in Paragraph 5.03 Indent (a), commencing
          on the first such date following the date of disbursement of that
          Tranche.
       B. The interest rate applicable to the amount outstanding under the
          Variable-Rate Tranche shall be the Interest Rate from time to time
          applicable to each Reference Period pursuant to the following
          definitions.
 
          For the purpose hereof:
          (a) the “Interest Rate”:
                 (i) shall be the interest rate determined by the Bank for each
                     successive Reference Period in accordance with procedures
                     from time to time laid down by its board of directors in
                     relation to loans granted by it at variable interest rates
                     and financed out of Relevant Resources, provided, however
                     that it shall not exceed by more than 0.13% (13 basis points)
                     the three-month interest rate offered in the principal
                     interbank market of the relevant currency (for the US Dollar
                     in the London interbank market and for the euro in the euro
                     zone interbank market), as selected by the Bank;
                 (ii)  shall be the flat Interbank Rate, if the date of
                     disbursement of the Variable-Rate Tranche is not a date of
                     commencement of a Reference Period and for the duration only
                     of the first interest period; and
                 (iii) shall be notified as such by the Bank to the Borrower and
                     the Financial Manager within ten days following the date of
                     commencement of the Reference Period to which it applies;
          (b) “Interbank Rate” means:
                 (i) in respect of any interest period of one month or more, the
                     rate of interest for interbank deposits of a period being the
                     number of whole months corresponding to the duration of such
                     interest period; and
                 (ii)  in respect of any interest period of less than a month, the
                     rate of interest for interbank deposits for a period of one
                     month,
                 offered in the principal interbank market of the relevant
                 currency (for the US Dollar in the London interbank market and
                 for the euro in the euro-zone interbank market), as selected by
                 the Bank;
          (c) "Reference Period" means a period of three months, commencing on 15
              March, 15 June, 15 September or 15 December of any year; and
          (d) "Relevant Resources" means borrowings and other resources
              denominated in the currencies referred to in Paragraph 1.03 and
              raised on such markets as the Bank may from time to time select for
              the purpose of funding loans made by it in such currencies and at
              variable interest rates.
          Interest on a Variable Rate Tranche shall be payable quarterly in
          arrears on the dates specified in Paragraph 5.03 Indent (b), commencing
          on the first such date following the date of disbursement of that
          Tranche.
3.02   Interest on Overdue Sums
       Without prejudice to Article 10 and by way of exception to Paragraph 3.01,
       interest shall accrue from day to day on any overdue sum payable under the
       terms of this Contract in any currency, from its due date to the date of
       its payment, at a rate equal to the higher of:
       (a) the sum of: (i) 0.25% (25 basis points); and (ii) the rate from time to
           time applicable under Paragraph 3.01 to the Tranche; and
       (b) the sum of: (i) the rate of interest for interbank deposits for a
           period of one month offered in the principal interbank market of the
           relevant currency (for the US Dollar in the London interbank market and
           for the euro in the euro-zone interbank market), as chosen by the Bank;
           and (ii) 2% (200 basis points) per annum. For the purposes of this
           Indent (b), the interest periods of reference shall consist of
           successive periods of one month, commencing on the due date of the
           overdue sum.
       Such interest shall be payable in the same currency as the overdue sum on
       which it accrues.

4.01   Normal Repayment
       The Borrower shall repay the Tranche on the dates indicated in the
       Disbursement Notice in equal principal instalments in accordance with the
       terms of the repayment schedule specified in the relevant statement
       mentioned in Paragraph 2.04 (which schedule shall form part of this
       Contract) provided that:
       (a) the first repayment date shall fall not later than the first semi
           annual date specified in Paragraph 5.03 falling immediately after the
           fourth anniversary of the date of disbursement of the Tranche;
       (b) the last repayment date shall not fall prior to the first date
           specified in Paragraph 5.03 falling immediately after the fourth
           anniversary of the date of disbursement of the Tranche nor later than
           the nearest semi-annual date specified in Paragraph 5.03 immediately
           preceding the fifteenth anniversary of such date of disbursement.
4.02   Voluntary Prepayment
       A.  The Borrower may prepay all or part of the Loan upon giving thirty
           days' written notice (hereinafter a "Prepayment Notice") specifying the
           amount (the "Prepayment Amount") to be prepaid and the proposed date of
           prepayment (the "Prepayment Date"), which shall be a date specified in
           Paragraph 5.03 Indent (a) for a Fixed-Rate Tranche and Paragraph 5.03
           Indent (b) for a Variable-Rate Tranche (each a "Payment Date"). In the
           case of Fixed-Rate Tranches prepayment shall be subject to the payment
           by the Borrower of the compensation, if any, due to the Bank in
           accordance with the provisions of Sub-paragraphs B and C below.
       B.  The amount of compensation due on a Fixed-Rate Tranche shall be the
           amount of the shortfall in interest incurred by the Bank in respect of
           each year ending on successive Payment Dates falling after the
           Prepayment Date calculated in the manner stated in the following Sub
           paragraph and discounted in accordance with Sub-paragraph C.
 
       The amount of the shortfall shall be calculated as the amount by which:
              (x)  the interest that would have been payable during that year on
                   the prepaid part of the Loan
              exceeds
              (y)  the interest which would have been so payable during that year
                   if calculated at the Reference Rate; for which purpose the
                   "Reference Rate" means the rate of interest (reduced by 15
                   (fifteen) basis points) which the Bank determines on the date
                   falling one month prior to the Prepayment Date to be the
                   standard rate for a loan quoted by the Bank in the relevant
                   currency, having the same financial characteristics as the
                   loan, in particular the same periodicity for the payment of
                   interest, the same remaining life to maturity and the same type
                   of repayment profile.
       C.  Each amount so calculated shall be discounted to the Prepayment Date by
           applying a discount rate equal to the rate determined pursuant to
           indent (y) of Sub-paragraph 4.02B.
       D.  The Bank shall give notice to the Borrower of the compensation due or,
           as the case may be, of the absence of compensation by 12:00 Luxembourg
           time on a business day in Luxembourg and Ljubljana following delivery
           of a Prepayment Notice. If by 17:00. Luxembourg time on the date of the
           notification (if that was given by 12:00 or otherwise by 12:00 next
           business day in Luxembourg and Ljubljana) the Borrower fails to confirm
           in writing its intention to effect prepayment on the terms notified by
           the Bank, the Prepayment Notice shall be of no effect. Save as
           aforesaid, the Borrower shall be obliged to effect payment in
           accordance with the Prepayment Notice, together with accrued interest
           on the Prepayment Amount as well as any sum due under this Paragraph
           4.02.
4.03   Compulsory Prepayment
       A.  If the Borrower voluntarily prepays a part or the whole of any other
           loan originally contracted for a term of more than five years, the Bank
           may demand prepayment of such proportion of the amount of the Loan then
           outstanding as the prepaid sum bears to the aggregate outstanding
           amount of all such loans.
 
           The Bank shall address its demand, if any, to the Borrower within four
           weeks of receipt of the relevant notice under Sub-paragraph 8.02 (b)
           (i). Any sum demanded by the Bank shall be paid, together with accrued
           interest, on the date indicated by the Bank, which date shall not
           precede the date of prepayment of the other loan.
 
           Prepayment of a loan by means of a new loan having a term at least as
           long as the unexpired term of the loan prepaid shall not be considered
           to be a prepayment.
       B.  If the total cost of the Project should fall substantially short of the
           figure stated in the Recitals, the Bank may in proportion to the
           shortfall demand prepayment of the Loan.
       C.  If disbursement of the ISPA Grant is suspended, cancelled or if the
           Borrower is required to repay the ISPA Grant in respect of any of the
           Sub-projects, the Bank may demand the Borrower to consult with it. Such
           consultation shall take place within thirty days from the date of the
           Bank’s request.
 
           If the Bank in its full discretion decides that the reasons for ISPA’s
           demand for suspension, cancellation or repayment have, or are likely to
           have, a material adverse effect on the future implementation of the
           Project by the Borrower, then the Bank may request the Borrower to
           prepay the Loan together with accrued interest and the indemnity
           payment, if any, calculated in accordance with Sub-paragraph 4.02 B and
           C. The Borrower shall effect payment of the amount demanded on the date
           indicated by the Bank, such date being a date falling not less than
           thirty days from the date of the demand.

5.01   Place of Payment
       Each sum payable by the Borrower under this Contract shall be paid to the
       respective account notified by the Bank to the Borrower in written form.
       The Bank shall indicate the account not less than fifteen days before the
       due date for the first payment by the Borrower and shall notify any change
       of account not less than fifteen days before the date of the first payment
       to which the change applies.
 
       This period of notice does not apply in the case of payment under Article
       10.
5.02   Calculation of Payments relating to a Fraction of a Year
       Any amount due by way of interest, commission or otherwise from the
       Borrower under this Contract, and calculated in respect of any fraction of
       a year, shall be calculated:
       (a)  on the basis of a year of three hundred and sixty days and:
            (i)  in respect of a Fixed-Rate Tranche a month of thirty days;
            (ii) in respect of a Variable-Rate Tranche the number of days elapsed;
                 or
       (b)  in respect of a Variable-Rate Tranche expressed in pounds sterling
            (GBP), on the basis of a year of three hundred and sixty-five days and
            the number of days elapsed.
5.03   Dates of Payment
       Sums due:
       (a)  semi-annually under this Contract are payable to the Bank on 15 March
            and 15 September in each year; and
       (b)  quarterly under this Contract are payable to the Bank on the 15 March,
            15 June, 15 September and 15 December in each year.
       Any payment due on a day which is not a Business Day shall be payable on
       the nearest succeeding Business Day. “Business Day” means a day on which
       banks are open for business in the financial centre of the country whose
       national currency is the currency of the amount due provided that, in the
       case of the euro, Business Day means a day on which credit or transfer
       instructions in euro are processed through the euro settlement system
       entitled Trans-European Automated Real-Time Gross Express Transfer System
       (“TARGET”).
 
       Other sums due hereunder are, if not specified otherwise, payable within
       seven days of receipt by the Borrower of the demand made by the Bank.
 
       A sum due from the Borrower shall be deemed paid when it is received by the
       Bank.

6.01   Use of Loan and other Funds
       The Borrower shall use the proceeds of the Loan and the other funds
       mentioned in the financing plan described in the Recitals exclusively for
       the financing of the Project as described in the Technical Description.
6.02   Completion of the Project
       The Borrower undertakes to carry out the Project in accordance with, and to
       complete it by the date envisaged in the Technical Description, as it may
       be modified from time to time with the approval of the Bank.
6.03   Increased Cost of the Project
       If the cost of the Project exceeds the estimated figure set out in the
       Recitals, the Borrower shall obtain the finance to fund the excess cost
       without recourse to the Bank, so as to enable it to complete the Project.
       The plans for funding the excess cost shall be submitted in a timely manner
       to the Bank’s approval.
6.04   Tendering Procedure
       The Borrower shall ensure that equipment will be purchased, services will
       be secured and works shall be ordered for the Project, so far as
       appropriate and in line with relevant EU procedures, by international
       tender open to nationals of the member states of the European Union and of
       Romania, Bulgaria, the Czech Republic, Estonia, Hungary, Latvia, Lithuania,
       Poland, Slovakia, Slovenia, Malta, Cyprus and Turkey.
6.05   Insurance
       So long as the Loan is outstanding, the Borrower shall ensure that measures
       for insuring all works and property forming part of the Project will be
       taken in accordance with normal practice for similar works of public
       interest in the Republic of Slovenia.
6.06   Maintenance
       So long as the Loan is outstanding, the Borrower shall ensure that all
       property forming part of the Project will be maintained, repaired,
       overhauled, renewed and replaced, as required to keep it in good working
       order in accordance with its original concept.
6.07   Environmental Covenants
       So long as the Loan is outstanding, the Borrower shall ensure that:
       (a) the Project is implemented in conformity with the environmental laws
           and regulations applicable to it and, whenever applicable, with
           European Union standards related to environmental protection as they
           may be amended or modified, and that all necessary authorisations
           applicable thereto are secured and maintained;
       (b) all maintenance and rehabilitation works are carried out as well as all
           mitigating measures which may be necessary for the Project in
           conformity with good utility practice and the standards referred to in
           Indent (a) of this Paragraph are implemented and monitored; and
       (c) no materials or substances, which could have adverse effects on the
           environment, will be used in the implementation of the Project.
6.08   Assistance
       So long as the Loan is outstanding, the Borrower shall ensure that a
       contact person satisfactory to the Bank, who will act as a service point
       for the Bank regarding the implementation of the Project, is appointed by
       the Ministry of Transport.

7.01   Additional Security
       If the Borrower should hereafter grant to a third party any security
       interest over any of its assets for the performance of any of its external
       indebtedness or any preference or priority in respect thereof, the Borrower
       shall, if so required by the Bank, provide equivalent security interest to
       the Bank for the performance of its obligations under this Contract or
       grant the Bank equivalent preference or priority. The Borrower represents
       that no such security interest, preference or priority presently exists.

8.01   Information concerning the Project
       The Borrower shall:
       (a) deliver to the Bank: (i) at the latest six months after the signature
           of this Contract, copies of the monitoring reports regarding each Sub
           project in the form as drawn up for ISPA (including the semi-annual
           monitoring reports; and (ii) from time to time, any such further
           document or information concerning the financing, implementation and
           operation of the Project as the Bank may reasonably require;
       (b) submit for the approval of the Bank any material change to the general
           plans, timetable or expenditure programme for the Project, by relation
           to the disclosures made to the Bank prior to the signing of this
           Contract;
       (c) inform the Bank of any fact or event known to the Borrower, which
           reasonably may substantially prejudice or affect the conditions of
           execution or operation of the Project; and
       (d) retain in a single location the full terms of the work contracts, as
           well as all material documents pertaining to the procurement process
           and to the execution of such contracts, for inspection during six years
           from the conclusion of each such contract financed by means of the
           Loan.
8.02   Information concerning the Borrower
       The Borrower shall:
       (a) ensure that its records clearly show all operations relating to the
           financing and execution of the Project;
       (b)  ensure that the Bank is informed:
           (i)   immediately of any decision made by it for any reason or of any
                 fact, which obliges it, or any demand made to it to prepay any
                 loan originally granted for a term exceeding five years;
           (ii)  immediately of any intention on its part to create any security
                 interest, preference or priority pursuant to Paragraph 7.01; or
           (iii) generally of any fact or event which reasonably may prevent the
                 fulfilment of any obligation of the Borrower under this Contract.
       All documents and information are to be provided in English language.
8.03   Visits
       The Borrower shall permit persons designated by the Bank to visit the
       sites, installations and works comprising the Project and to conduct such
       checks as they may wish, and shall provide them with all necessary
       assistance for this purpose.

9.01   Taxes, Duties and Fees
       The Borrower shall pay all taxes, duties, fees and other impositions of
       whatsoever nature, including stamp duty and registration fees, arising out
       of the execution or implementation of this Contract or any related document
       and in the creation of any security for the Loan.
       The Borrower shall pay all principal, interest, commission and other
       amounts due under this Contract gross without deduction of any national or
       local impositions whatsoever; provided that, if the Borrower is obliged by
       law to make any such deduction, it will gross up the payment to the Bank so
       that after deduction, the net amount received by the Bank is equivalent to
       the sum due.
9.02   Other Charges
       The Borrower shall bear any professional, banking, transfer or exchange
       costs incurred in the execution or implementation of this Contract or
       related document, and in the creation of any security for the Loan.

10.01  Right to demand Repayment
       The Borrower shall prepay the Loan or any part thereof forthwith upon
       demand being made therefor by the Bank:
       A. immediately:
          (a) if any written information or document given to the Bank by or on
              behalf of the Borrower in connection with the negotiation of this
              Contract or during its lifetime proves to have been incorrect in any
              material particular;
          (b) if the Borrower fails on due date to repay any part of the Loan, to
              pay interest thereon or to make any other payment to the Bank as
              herein provided;
          (c) if, following any default in relation thereto, the Borrower is
              required to prepay or discharge ahead of maturity any loan
              originally granted to it for a term exceeding five years;
          (d) if the Borrower fails to fulfil any financial obligation under any
              other loan made to it by the Bank from the resources of the Bank, or
              of the European Union;
          (e) if any distress, execution, sequestration or other process is levied
              or enforced upon any property forming part of the Project; or
       B. upon expiry of a reasonable period of time according to the provisions
          of this Contract and specified in a notice served by the Bank on the
          Borrower, without the matter being remedied to the satisfaction of the
          Bank:
          (a) if the Borrower fails to comply with any obligation under this
              Contract other than one mentioned in Sub-paragraph 10.01 A. (b); or
          (b) if any material fact stated in the Recitals substantially alters or
              proves erroneous and the alteration or error either prejudices the
              interests of the Bank as lender to the Borrower or adversely affects
              the implementation or operation of the Project.
10.02  Other Rights at Law
       Paragraph 10.01 shall not restrict any other right of the Bank at law to
       require prepayment of the Loan.
10.03  Damages
       A. In case of demand under Paragraph 10.01 applicable to a Fixed-Rate
          Tranche, the Borrower shall pay to the Bank an amount calculated as at
          the date of demand, as the greater of:
          (a) an amount calculated, according to the provisions of Sub-paragraphs
              4.02B and C, on the sum which has become due and payable, and with
              effect from the due date specified in the Bank's notice of demand;
              and
          (b) an amount calculated at the annual rate of 0.25% from the date of
              the demand to the respective date on which each instalment of the
              sum demanded would have been repayable but for the making of the
              demand.
       B. In case of demand under Paragraph 10.01 applicable to a Variable-Rate
          Tranche, the Borrower shall pay to the Bank a sum calculated as at the
          date of demand at an annual rate of 0.25% from the date of the demand to
          the respective date on which each instalment of the sum demanded would
          have been repayable but for the making of the demand.
10.04  Non-Waiver
       No failure or delay by the Bank in exercising any of its rights under this
       Article 10 shall be construed as a waiver of such right.
10.05  Application of Sums Received
       Sums received following a demand under Article 10 shall be applied first in
       payment of damages, commission and interest in that order and secondly in
       reduction of outstanding instalments in inverse order of maturity.

11.01  Law
       This Contract and its formation, construction and validity shall be
       governed by the laws of the Grand Duchy of Luxembourg.
11.02  Jurisdiction
       All disputes concerning this Contract shall be submitted to the Court of
       Justice of the European Communities.
 
       A decision of the Court given pursuant to this Sub-paragraph 11.02 shall be
       conclusive and binding on the parties without restriction or reservation.
 
       The parties to this Contract hereby waive any immunity from or right to
       object to the jurisdiction of the Court.
11.03  Evidence of Sums due
       In any legal action arising out of this Contract the certificate of the
       Bank as to any amount due to the Bank under this Contract shall be prima
       facie evidence of such amount in the absence of manifest error.
11.04  Entry into force
       This Contract shall enter into force upon confirmation by the Bank to the
       Borrower that it has received a certified copy of the instrument of
       ratification by the Borrower.

12.01  Notices
       Notices and other communications given hereunder shall be sent to the
       addresses mentioned under 1) below except that notices to the Borrower
       relating to litigation whether pending or threatened shall be sent to the
       address mentioned under 2) below where the Borrower elects domicile:
       – for the Borrower:  1)   Ministry of Finance
                                 Zupanciceva, 3
                                 1502 Ljubljana
                                 Slovenia;
                            2)   Embassy of the Republic of Slovenia
                                 179, Avenue Louise
                                 1050 Brussels
                                 Belgium;
       – for the Bank:      1)   100 boulevard Konrad Adenauer
                                 L-2950 Luxembourg-Kirchberg.
       Each party may, by notice to the other, change its addresses as set out
       above, provided that the address in 2) above may only be changed to another
       address within the European Union.
12.02  Form of Notice
       Notices and other communications, for which fixed periods are laid down in
       this Contract or which themselves fix periods binding on the addressee,
       shall be served by hand delivery, registered letter, telegram, telex or
       other means of transmission which affords evidence of receipt by the
       addressee. The date of registration or, as the case may be, the stated date
       of receipt of transmission shall be conclusive for the determination of a
       period.
12.03  Recitals, Schedule and Attachment
       The Recital, and the following Schedule form part of this Contract:
       Schedule A       Technical Description.
       The following Attachment is enclosed hereto:
       Attachment I     Authority of Signatories of the Borrower.

EVROPSKA INVESTICIJSKA BANKA
SLOVENIJA – PROJEKT SEKTORJA ŽELEZNIŠKEGA PROMETA
                              FI št.:
                              Agora Nº: 2002 0040

v nadaljevanju:   "posojilojemalka",

v nadaljevanju:   "banka",

1.01   Znesek kredita
       S to pogodbo banka daje v korist posojilojemalke in posojilojemalka
       sprejema kredit (v nadaljevanju “kredit”) v znesku v protivrednosti
       34 000 000 EUR (štiriintrideset milijonov evrov) za izključni namen delnega
       financiranja projekta.
1.02   Postopki izplačila
       A. Kredit je na voljo za črpanje posojilojemalki v eni tranši (v
          nadaljevanju "tranša") do zneska v protivrednosti 34 milijonov EUR.
       B. Izplačilo tranše se izvede na podlagi pisnega zaprosila (v nadaljevanju
          "zaprosilo") posojilojemalke, v katerem se navedejo:
          (a)  znesek, za katerega se prosi izplačilo po tej tranši;
          (b)  valuta, v kateri želi posojilojemalka, da se tranša izplača, pri
               čemer je to valuta, omenjena v odstavku 1.03;
          (c)  ali naj bo tranša obrestovana s stalno obrestno mero (pri čemer se
               taka tranša imenuje “tranša s stalno obrestno mero”, kot je
               opredeljena v pododstavku 3.01 A) ali spremenljivo obrestno mero
               (pri čemer se taka tranša imenuje “tranša s spremenljivo obrestno
               mero”, kot je opredeljena v pododstavku 3.01 B);
          (d)  veljavna obrestna mera, če je takšno obrestno mero banka predhodno
               navedla neobvezno kot obrestno mero, določeno v skladu z odstavkom
               3.01;
          (e)  želeni roki posojilojemalke za vračanje, če so bili ti roki izbrani
               v skladu z odstavkom 4.01, in
          (f)  želeni datum izplačila, pri čemer se razume, da lahko banka izplača
               tranšo v največ štirih koledarskih mesecih od datuma posameznega
               zaprosila.
          Nobeno zaprosilo ne sme biti predloženo po 31. decembru 2004. Ob
          upoštevanju pridržka k pododstavku 1.02 C je vsako zaprosilo
          nepreklicno.
       C. Od petnajst do deset dni pred datumom izplačila tranše pošlje banka, če
          je zaprosilo skladno s pododstavkoma 1.02 A in B in ob upoštevanju
          odstavkov 1.04 in 1.07, posojilojemalki obvestilo (v nadaljevanju
          “obvestilo o izplačilu”), v katerem:
          (a)  potrdi znesek in valuto tranše, navedene v zaprosilu;
          (b)  potrdi, ali bo to tranša s stalno obrestno mero ali tranša s
               spremenljivo obrestno mero;
          (c)  navede obrestno mero, določeno na podlagi pododstavka 3.01 A ali
               med prvim referenčnim obdobjem na podlagi pododstavka 3.01 B;
          (d)  določi pogoje odplačevanja, ki veljajo za to tranšo, in
          (e)  določi datum izplačila tranše.
          Če en ali več elementov, navedenih v obvestilu o izplačilu, ni skladen z
          ustreznim elementom v zaprosilu, lahko posojilojemalka v treh delovnih
          dneh v Luxembourgu po prejemu obvestila o izplačilu zaprosilo prekliče z
          obvestilom banki, nato pa zaprosilo in obvestilo o izplačilu nimata več
          nobenega učinka.
       D. Izplačilo tranše se izvede na tisti posojilojemalkin bančni račun, ki ga
          je posojilojemalka sporočila banki najmanj deset dni pred datumom
          izplačila.
1.03   Valuta izplačila
       Glede na razpoložljivost izplača banka tranšo v valuti, ki jo je
       posojilojemalka navedla kot želeno valuto. Valuta izplačila je evro, valuta
       ene od držav članic banke, ki ne sodelujejo v tretji fazi EMU, ali katera
       koli druga valuta, s katero se v večjem obsegu trguje na vodilnih
       mednarodnih finančnih trgih in ki jo ima banka na razpolago za financiranje
       po spremenljivi obrestni meri, če gre za tranšo s spremenljivo obrestno
       mero.
       Za izračun zneskov, ki se izplačajo v drugih valutah in ne evrih, uporabi
       banka referenčne menjalne tečaje, ki jih izračunava in objavlja Evropska
       centralna banka v Frankfurtu, sicer pa menjalne tečaje, ki veljajo na
       katerem koli drugem finančnem trgu po izbiri banke na dan v obdobju
       petnajstih dni pred datumom izplačila, kot se odloči banka.
1.04   Pogoji izplačila
       A. Za izplačilo tranše na podlagi odstavka 1.02 se zahteva za banko
          sprejemljiva izpolnitev naslednjih pogojev, in sicer da pred datumom
          zaprosila:
          (a)  državni pravobranilec posojilojemalke izda ugodno za banko
               sprejemljivo pravno mnenje v angleškem jeziku o tem, da je
               posojilojemalka pravilno podpisala to pogodbo in da je
               dokumentacija ustrezna;
          (b)  posojilojemalka dostavi banki dokazilo o pooblastilu osebe ali
               oseb, ki so pooblaščene za podpis zaprosila, ter overjen deponiran
               podpis te osebe ali oseb in
          (c)  banka prejme podrobne podatke o osebi, ki jo je v skladu z
               odstavkom 6.08 imenovalo Ministrstvo za promet Slovenije in je za
               banko sprejemljiva.
       B. Če posojilojemalka zaprosi za izplačilo tranše, preden je banka prejela
          dokaz, ki je zanjo sprejemljiv, da so pogoji iz odstavka 1.04
          izpolnjeni, se šteje, da je banka tako zaprosilo prejela na datum
          izpolnitve pogojev.
1.05   Provizija za odlog izplačila
       Če se izplačilo tranše odloži na zaprosilo posojilojemalke (s soglasjem
       banke) ali zato, ker niso bili izpolnjeni pogoji za izplačilo, plača
       posojilojemalka na neizplačani delež tranše provizijo za odlog izplačila po
       stopnji 1% na leto, izračunano od prvotno določenega datuma izplačila do
       dejanskega datuma izplačila, ali če tranša ni (v celoti) izplačana, do
       datuma razveljavitve ali preklica tranše. Banka mora prejeti zaprosilo za
       odlog izplačila vsaj osem dni pred prvotnim datumom izplačila. Takšna
       provizija teče od dneva do dneva in zapade v plačilo na vsak četrtletni
       datum, določen v odstavku 5.03.
1.06   Razveljavitev kredita
       Če bi bili stroški projekta nižji od zneska, navedenega v uvodnih navedbah,
       lahko banka z obvestilom posojilojemalki razveljavi neizplačani del kredita
       v sorazmerju z zmanjšanjem zneska.
 
       Posojilojemalka lahko kadar koli z obvestilom banki v celoti ali deloma
       razveljavi kateri koli neizplačani del kredita.
 
       Če posojilojemalka razveljavi tranšo in ustrezno zaprosilo posojilojemalke
       ni bilo preklicano v skladu s pridržkom iz pododstavka 1.02 C, plača
       provizijo, ki se izračuna od razveljavljenega zneska po pavšalni stopnji,
       enaki polovični obrestni meri, navedeni v ustreznem obvestilu o izplačilu.
       Takšna provizija se plača dodatno h kateri koli proviziji, ki jo je treba
       plačati po odstavku 1.05.
 
       Banka lahko z obvestilom posojilojemalki razveljavi kateri koli del
       kredita, ki ni izplačan do 30. aprila 2005.
1.07   Preklic in odlog kredita
       Banka lahko z obvestilom posojilojemalki prekliče neizplačani del kredita
       kadar koli in s takojšnim učinkom:
          (a)  ob kakršnem koli dogodku, omenjenem v pododstavku 10.01 A ali B,
               ali
          (b)  ob izrednih okoliščinah, ki neugodno vplivajo na dostop banke na
               nacionalne ali mednarodne trge kapitala,
       vendar pa banka nima pravice, da iz razlogov pod (b) prekliče katero koli
       tranšo, za katero je bilo že dano obvestilo o izplačilu.
 
       Druga možnost je, da lahko banka, če meni, da je prišlo do okoliščin,
       opisanih pod (a) ali (b), in so te začasne, z obvestilom posojilojemalki
       odloži črpanje neizplačanega dela kredita. V takem primeru odlog izplačila
       traja, dokler po izdaji naslednjega zaprosila banka znova ne izda obvestila
       o izplačilu. Odlog izplačila pa ne pomeni podaljšanja roka do datuma za
       razveljavitev kredita po odstavku 1.06.
 
       Šteje se, da je kredit preklican, če banka zahteva odplačilo po 10. členu.
 
       Če je kredit preklican iz drugih razlogov in ne zaradi okoliščin, omenjenih
       v točki (b) prvega odstavka tega člena, plača posojilojemalka provizijo na
       preklicani znesek neizplačane tranše, napovedane v obvestilu o izplačilu,
       po letni stopnji 0,75%, izračunano od datuma ustreznega obvestila o
       izplačilu do datuma preklica.
 
       Takšna provizija se plača dodatno h kateri koli proviziji, ki se plača po
       členu 1.06.
1.08   Valuta provizij
       Provizije, ki jih mora posojilojemalka plačati banki po tem 1. členu, se
       izračunajo in plačajo v evrih.

2.01   Znesek posojila
       Posojilo (v nadaljevanju “posojilo”) obsega skupni seštevek zneskov, ki jih
       izplača banka, v skladu z obvestili banke na podlagi odstavka 2.04.
2.02   Valuta odplačil
       Vsako odplačilo posojila po 4. členu oziroma po 10. členu se izvede v
       valuti, v kateri je bilo izvedeno izplačilo.
2.03   Valuta obresti in drugih obračunanih stroškov
       Obresti in drugi stroški, ki se plačujejo po 3., 4. in 10. členu, se
       izračunajo in jih je treba plačati sorazmerno v valuti, v kateri se
       odplačuje posojilo.
 
       Vsako drugo plačilo se izvede v valuti, ki jo je določila banka glede na
       valuto izdatkov, ki se s tem plačilom povrnejo.
2.04   Obvestilo banke
       Po izplačilu tranše pošlje banka posojilojemalki povzetek poročila, v
       katerem so prikazani znesek, valuta, datum izplačila, načrt odplačevanja in
       stalna ali prevladujoča obrestna mera te tranše in za to tranšo.

3.01   Obrestna mera
       A.  Neodplačana razlika katere koli tranše s stalno obrestno mero se
           obrestuje po obrestni meri, navedeni v obvestilu o izplačilu, ki se
           nanaša nanjo, pri čemer je ta obrestna mera obrestna mera, ki jo banka
           uporablja na dan izdaje obvestila o izplačilu v skladu s postopki, ki
           jih vsakokrat določi njen nadzorni svet za posojila, ki so izražena v
           ustrezni valuti in jih je banka odobrila svojim posojilojemalcem po
           enakih pogojih odplačevanja in po enakih pogojih za plačilo obresti,
           kot veljajo za to tranšo.
 
           Obresti na tranšo s stalno obrestno mero se plačajo polletno za nazaj
           na datume, navedene v točki (a) odstavka 5.03, z začetkom na prvi tak
           datum po datumu izplačila te tranše.
       B.  Obrestna mera, ki se uporablja za neodplačani znesek po tranši s
           spremenljivo obrestno mero, je obrestna mera, ki velja za vsakokratno
           referenčno obdobje na podlagi naslednjih opredelitev.
 
           V tej pogodbi:
           (a) “obrestna mera”:
               (i)    pomeni obrestno mero, ki jo določi banka za vsako zaporedno
                      referenčno obdobje v skladu s postopki, ki jih vsakokrat
                      določi njen nadzorni svet za posojila, ki jih je banka
                      odobrila po spremenljivih obrestnih merah in se financirajo
                      iz ustreznih sredstev, vendar pod pogojem, da ne preseže za
                      več kot 0,13% (13 bazičnih točk) trimesečne obrestne mere,
                      ponujene na glavnem medbančnem trgu ustrezne valute (za
                      ameriški dolar na londonskem medbančnem trgu in za evro na
                      medbančnem trgu območja evra), ki jo je izbrala banka;
               (ii)   pomeni pavšalno medbančno obrestno mero, če datum izplačila
                      tranše s spremenljivo obrestno mero ni datum začetka
                      referenčnega obdobja, in samo za trajanje prvega obrestnega
                      obdobja in
               (iii)  pomeni obrestno mero, ki jo banka uradno sporoči
                      posojilojemalki in finančniku v desetih dneh po dnevu začetka
                      referenčnega obdobja, za katero se uporablja;
           (b) “medbančna obrestna mera” pomeni:
               (i)    za katero koli obrestno obdobje enega meseca ali več obrestno
                      mero za medbančne depozite za obdobje, ki je enako številu
                      celih mesecev, ki ustrezajo trajanju takega obrestnega
                      obdobja, in
               (ii)   za katero koli obrestno obdobje, krajše od enega meseca,
                      obrestno mero za medbančne depozite za obdobje enega meseca,
           ponujeno na glavnem medbančnem trgu ustrezne valute (za ameriški dolar
           na londonskem medbančnem trgu in za evro na medbančnem trgu območja
           evra), ki jo je izbrala banka;
           (c) "referenčno obdobje" pomeni trimesečno obdobje, ki se začne 15.
               marca, 15. junija, 15. septembra ali 15. decembra vsakega leta, in
           (d) "ustrezna sredstva" pomenijo izposojena in druga sredstva, izražena
               v valutah, navedenih v odstavku 1.03, in najeta na takšnih trgih,
               kot jih lahko banka vsakokrat izbere za financiranje posojil, ki
               jih je dala v teh valutah in po spremenljivih obrestnih merah.
           Obresti na tranšo s spremenljivo obrestno mero se plačujejo četrtletno
           za nazaj na datume, določene v točki (b) odstavka 5.03, z začetkom na
           prvi tak datum po datumu izplačila te tranše.
3.02   Zamudne obresti
       Brez vpliva na 10. člen in drugače, kot je določeno v odstavku 3.01, tečejo
       obresti od dneva do dneva na vsak zapadel neplačan znesek, ki ga je treba
       plačati po določilih te pogodbe v kateri koli valuti, in sicer od datuma
       zapadlosti do datuma plačila po obrestni meri, ki je enaka višji od:
       (a) vsote: (i) 0,25% (25 bazičnih točk) in (ii) obrestne mere, ki se
           vsakokrat uporabi po odstavku 3.01 za to tranšo, in
       (b) vsote: (i) obrestne mere za medbančne depozite za obdobje enega meseca,
           ponujene na glavnem medbančnem trgu ustrezne valute (za ameriški dolar
           na londonskem medbančnem trgu in za evro na medbančnem trgu območja
           evra), ki jo je izbrala banka, in (ii) 2% (200 bazičnih točk) na leto.
           Za namene te točke (b) so referenčna obrestna obdobja sestavljena iz
           zaporednih enomesečnih obdobij, ki se začnejo z datumom zapadlosti
           neplačanega zneska.
       Takšne obresti se plačujejo v isti valuti kot zamujeni neplačani znesek, na
       katerega se obračunavajo.

4.01   Običajno odplačevanje
       Posojilojemalka odplačuje tranšo na datume, navedene v obvestilu o
       izplačilu, v enakih obrokih glavnice v skladu s pogoji načrta odplačevanja,
       določenega v ustreznem poročilu, omenjenem v odstavku 2.04 (ta načrt
       odplačevanja je sestavni del pogodbe), pri čemer pa:
       (a) prvi datum odplačila ne sme biti pozneje kot na prvi polletni datum,
           določen v odstavku 5.03, ki sledi takoj po četrti obletnici datuma
           izplačila tranše;
       (b) zadnji datum odplačila ne sme biti niti prej kot na prvi datum, določen
           v odstavku 5.03, ki sledi takoj po četrti obletnici datuma izplačila
           tranše, niti pozneje kot na najbližji polletni datum, določen v
           odstavku 5.03, ki je tik pred petnajsto obletnico datuma izplačila.
4.02   Prostovoljno predčasno odplačilo
       A.  Posojilojemalka lahko predčasno odplača celotno posojilo ali del
           posojila po pisnem obvestilu, danem trideset dni vnaprej (v
           nadaljevanju “obvestilo o predčasnem odplačilu”), v katerem navede
           znesek (“znesek predčasnega odplačila”), ki bo predčasno odplačan, in
           predlagani datum predčasnega odplačila (“datum predčasnega odplačila”),
           ki je datum, naveden v točki (a) odstavka 5.03 za tranšo s stalno
           obrestno mero in v točki (b) odstavka 5.03 za tranšo s spremenljivo
           obrestno mero (vsak od njiju "datum plačila"). Pri tranšah s stalno
           obrestno mero mora posojilojemalka pri predčasnem odplačilu plačati
           banki morebitno nadomestilo v skladu z določbami pododstavkov B in C v
           nadaljevanju.
       B.  Znesek nadomestila, ki se plača za tranšo s stalno obrestno mero, je
           znesek primanjkljaja v obrestih, ki bi ga imela banka za vsako leto v
           obdobju med predčasnim odplačilom in datumi plačila, izračunan na
           način, naveden v naslednjem pododstavku, in diskontiran v skladu s
           pododstavkom C.
 
           Znesek primanjkljaja se izračuna kot znesek, za katerega:
           (x)  obresti, ki bi jih bilo treba plačati med tem letom na predčasno
                odplačani del posojila,
           presegajo
           (y)  obresti, ki bi jih bilo treba plačati med tem letom, če bi se
                izračunale po referenčni obrestni meri; v ta namen pomeni
                “referenčna obrestna mera” obrestno mero (zmanjšano za 15
                (petnajst) bazičnih točk), ki jo banka določi na datum, ki nastopi
                en mesec pred datumom predčasnega odplačila, kot standardno
                obrestno mero za posojilo, ki ga je banka ponudila v ustrezni
                valuti in ima enake finančne značilnosti kot to posojilo, zlasti
                enako periodičnost za plačilo obresti, enako preostalo dobo do
                zapadlosti in enak način odplačevanja.
       C.  Vsak tako izračunan znesek se diskontira na datum predčasnega odplačila
           z uporabo diskontne stopnje, ki je enaka stopnji, določeni na podlagi
           točke (y) pododstavka 4.02 B.
       D.  Banka obvesti posojilojemalko o dolgovanem nadomestilu oziroma o tem,
           da takega nadomestila ni, do 12. ure po luksemburškem času na delovni
           dan v Luxembourgu in Ljubljani, ki sledi dostavi obvestila o predčasnem
           odplačilu. Če do 5. ure popoldne po luksemburškem času na datum
           obvestila (če je bilo to dano do 12. ure, sicer pa do 12. ure
           naslednjega delovnega dne v Luxembourgu in Ljubljani) posojilojemalka
           pisno ne potrdi svoje namere, da bo izvedla predčasno odplačilo po
           pogojih, o katerih jo je banka obvestila, nima obvestilo o predčasnem
           odplačilu nobenega učinka. Razen navedenega mora posojilojemalka
           izvesti plačilo v skladu z obvestilom o predčasnem odplačilu skupaj z
           natečenimi obrestmi na znesek predčasnega odplačila in plačati vsak
           znesek, dolgovan po tem odstavku 4.02.
4.03   Obvezno predčasno odplačilo
       A.  Če posojilojemalka prostovoljno predčasno odplača del ali celoto
           katerega koli drugega posojila, ki je bilo prvotno dano za več kot
           petletno obdobje, lahko banka zahteva predčasno odplačilo takšnega
           deleža zneska tedaj še neodplačanega posojila, kot predčasno plačani
           znesek pomeni v skupnem neodplačanem znesku vseh takšnih posojil.
 
           Banka naslovi svoj morebitni zahtevek na posojilojemalko v štirih
           tednih od prejema ustreznega obvestila po pododstavku 8.02 (b) (i).
           Vsak znesek, ki ga banka zahteva, je treba plačati skupaj z natečenimi
           obrestmi na datum, ki ga banka navede, pri čemer ta datum ne sme biti
           pred datumom predčasnega odplačila drugega posojila.
 
           Predčasno odplačilo posojila s pomočjo novega posojila, ki ima vsaj
           tako dolg rok, kot je nepotekli rok predčasno odplačanega posojila, se
           ne šteje za predčasno odplačilo.
       B.  Če bi bila skupna vrednost projekta bistveno nižja od zneska,
           navedenega v uvodnih navedbah, lahko banka v sorazmerju s to razliko
           zahteva predčasno odplačilo posojila.
       C.  Če je odloženo ali preklicano izplačilo sredstev ISPA ali če mora
           posojilojemalka vrniti sredstva ISPA za kateri koli podprojekt, lahko
           banka zahteva, da se posojilojemalka z njo posvetuje. Tako posvetovanje
           je treba opraviti v tridesetih dneh od datuma take zahteve banke.
 
           Če banka povsem po svoji presoji odloči, da razlogi za zahtevani odlog,
           preklic ali vračilo sredstev ISPA pomembno negativno vplivajo ali bi
           lahko negativno vplivali na nadaljnje izvajanje projekta
           posojilojemalke, lahko banka zahteva, da posojilojemalka predčasno
           odplača posojilo skupaj z natečenimi obrestmi in morebitno odškodnino,
           izračunano v skladu s pododstavkom 4.02 B in C. Posojilojemalka plača
           zahtevani znesek na datum, ki ga banka navede, pri čemer pa ta datum ne
           sme biti prej kot trideset dni po datumu zahteve.

5.01   Kraj plačila
       Vsak znesek, ki ga mora posojilojemalka plačati po tej pogodbi, se plača na
       ustrezen račun, ki ga banka pisno uradno sporoči posojilojemalki. Banka
       navede račun najmanj petnajst dni pred datumom zapadlosti prvega plačila
       posojilojemalke in jo obvesti o vsaki spremembi računa najmanj petnajst dni
       pred datumom prvega plačila, za katero sprememba velja.
 
       Ta obvestilni rok pa ne velja za plačilo po 10. členu.
5.02   Izračun plačil, ki se nanašajo na del leta
       Kateri koli znesek, ki ga mora plačati posojilojemalka po tej pogodbi za
       obresti, provizijo ali drugo in je izračunan za kateri koli del leta, se
       izračuna:
       (a) na podlagi leta iz tristo šestdesetih dni in:
           a.   za tranšo s stalno obrestno mero na podlagi meseca iz tridesetih
                dni
           (ii) za tranšo s spremenljivo obrestno mero na podlagi števila poteklih
                dni ali
       (b) za tranšo s spremenljivo obrestno mero, izraženo v angleških funtih
           (GBP), na podlagi leta iz tristipetinšestdeset dni in števila poteklih
           dni.
5.03   Datumi plačila
       Zneski, ki zapadejo v plačilo:
           (a)  vsakega pol leta po tej pogodbi, se plačajo banki 15. marca in 15.
                septembra vsakega leta, in
           (b)  vsakega četrt leta po tej pogodbi, se plačajo banki 15. marca, 15.
                junija, 15. septembra in 15. decembra vsakega leta.
           Vsako plačilo, ki zapade v plačilo na dan, ki ni delovni dan, se plača
           prvi naslednji delovni dan. “Delovni dan” pomeni dan, ko so banke
           odprte za poslovanje v finančnem središču države, katere nacionalna
           valuta je valuta zapadlega zneska, pri čemer za evro delovni dan pomeni
           dan izvedbe naloga za plačilo ali prenakazilo v evrih prek evro sistema
           poravnav, imenovanega Vseevropski avtomatski ekspresni sistem bruto
           poravnav v realnem času ("TARGET").
 
           Drugi zneski, ki zapadejo v plačilo po tej pogodbi, se plačajo, če ni
           drugače določeno, v sedmih dneh, potem ko je posojilojemalka prejela
           zahtevo banke za plačilo.
 
           Znesek, ki ga dolguje posojilojemalka, se šteje za plačanega, ko ga
           banka prejme.

6.01   Uporaba posojila in drugih finančnih virov
       Posojilojemalka uporabi sredstva posojila in druge finančne vire, omenjene
       v načrtu financiranja, opisanem v uvodnih navedbah, izključno za
       financiranje projekta, kot je opisan v tehničnem opisu.
6.02   Dokončanje projekta
       Posojilojemalka se obvezuje, da bo projekt izvedla v skladu s tehničnim
       opisom in ga dokončala do roka, predvidenega v tehničnem opisu, kot se ta
       lahko z odobritvijo banke vsakokrat spremeni.
6.03   Povečani stroški projekta
       Če stroški projekta presežejo ocenjeni znesek, naveden v uvodnih navedbah,
       pridobi posojilojemalka finančna sredstva za financiranje povečanih
       stroškov, ne da bi se v ta namen obrnila na banko, da bi ta posojilojemalki
       omogočila dokončanje projekta. Načrte za financiranje povečanih stroškov je
       treba pravočasno predložiti banki v potrditev.
6.04   Razpisni postopek
       Posojilojemalka zagotovi, da bo kupila opremo, zagotovila storitve in
       naročila dela za projekt, kolikor bo to primerno in v skladu z ustreznimi
       postopki EU, prek mednarodnega javnega razpisa, na katerega se lahko
       prijavijo državljani držav članic Evropske unije ter Romunije, Bolgarije,
       Češke republike, Estonije, Madžarske, Latvije, Litve, Poljske, Slovaške,
       Slovenije, Malte, Cipra in Turčije.
6.05   Zavarovanje
       Dokler posojilo ni odplačano, posojilojemalka zagotovi, da so sprejeti
       ukrepi za zavarovanje del in premoženja, ki so del projekta, v skladu z
       običajno prakso za podobna dela v javnem interesu v Republiki Sloveniji.
6.06   Vzdrževanje
       Dokler posojilo ni odplačano, posojilojemalka zagotovi, da se vse
       premoženje, ki je del projekta, vzdržuje, popravlja, generalno pregleduje,
       obnavlja in zamenjuje tako, kot je potrebno, da se ohranja v dobrem
       delovnem stanju in v skladu s svojim prvotnim namenom.
6.07   Okoljske zaveze
       Dokler posojilo ni odplačano, posojilojemalka zagotovi, da se:
       (a)  projekt izvaja skladno z zakoni in predpisi o varstvu okolja, ki zanjo
            veljajo, kadar je to primerno, pa tudi s standardi Evropske unije o
            varstvu okolja, kot se lahko dopolnijo ali spremenijo, ter zagotovi in
            vzdržuje vsa potrebna dovoljenja, ki se na to nanašajo;
       (b)  izvajajo vsa vzdrževalna in sanacijska dela ter vsi ukrepi za ublažitev
            vplivov na okolje, ki so potrebni za izvajanje in spremljanje projekta
            v skladu z dobro prakso in standardi iz točke (a) tega odstavka, in
       (c)  pri izvajanju projekta ne uporabljajo nobeni materiali ali snovi, ki bi
            lahko škodljivo vplivale na okolje.
6.08    Pomoč
       Dokler posojilo ni odplačano, posojilojemalka zagotovi, da Ministrstvo za
       promet imenuje osebo za stike, ki je za banko sprejemljiva in bo delovala
       kot servis za banko v zvezi z izvajanjem projekta.

7.01   Dodatno poroštvo
       Če bi posojilojemalka dala tretji osebi kakršno koli poroštveno pravico nad
       katerimi koli svojimi sredstvi za poplačilo katere koli zunanje obveznosti
       ali kakršno koli posebno pravico ali prednostno pravico v zvezi s tem, mora
       posojilojemalka zagotoviti banki, če ta tako zahteva, enakovredno
       poroštveno pravico za izpolnitev svojih obveznosti po tej pogodbi ali dati
       banki enakovredno posebno pravico ali prednostno pravico. Posojilojemalka
       izjavlja, da zdaj ne obstaja nobena taka poroštvena, posebna ali prednostna
       pravica.

8.01   Informacije o projektu
       Posojilojemalka:
       (a) pošlje banki: (i) najpozneje šest mesecev po podpisu te pogodbe kopije
           poročil o spremljanju stanja za vsak podprojekt v obliki, kot so
           sestavljena za ISPA (vključno s polletnimi poročili o spremljanju
           stanja), in (ii) vsakokrat vsak tak nadaljnji dokument ali informacijo
           o financiranju, izvajanju in potekanju projekta, kot jo lahko banka
           upravičeno zahteva;
       (b) predloži banki v potrditev kakršno koli pomembno spremembo splošnih
           načrtov, časovnega razporeda ali programa izdatkov projekta glede na
           podatke, predstavljene banki pred podpisom te pogodbe;
       (c) obvesti banko o vsakem dejstvu ali dogodku, ki ga posojilojemalka pozna
           in bi lahko bistveno posegel v pogoje izvajanja ali poteka projekta ali
           vplival nanje, in
       (d) hrani za vpogled na enem mestu vse pogoje pogodb o izvajanju del ter
           vso pomembno dokumentacijo v zvezi z naročanjem in izvajanjem takšnih
           pogodb še šest let po sklenitvi vsake takšne pogodbe, financirane s
           posojilom.
8.02   Informacije o posojilojemalki
       Posojilojemalka:
       (a) zagotovi, da so v njenih evidencah jasno prikazani vsi posli v zvezi s
           financiranjem in izvajanjem projekta;
       (b) zagotovi, da je banka:
           (i)    takoj obveščena o vsaki odločitvi, ki jo je sprejela iz kakršnega
                  koli razloga, ali o vsakem dejstvu, ki jo zavezuje, ali o vsaki
                  zahtevi, da predčasno odplača katero koli posojilo, ki ji je bilo
                  prvotno odobreno za rok, daljši od petih let;
           (ii)   takoj obveščena o vsakem njenem namenu, da bo dala kakršno koli
                  poroštveno, posebno ali prednostno pravico na podlagi odstavka
                  7.01, ali
           (iii)  na splošno obveščena o vsakem dejstvu ali dogodku, ki bi lahko
                  preprečil izpolnitev katere koli obveznosti posojilojemalke po
                  tej pogodbi.
       Vsa dokumentacija in informacije morajo biti zagotovljene v angleškem
       jeziku.
8.03   Ogledi
       Posojilojemalka dovoli osebam, ki jih banka določi, da si ogledajo
       lokacije, objekte in naprave ter dela, ki sestavljajo projekt, in da
       opravijo take preglede, kot želijo, ter jim zagotovi vso potrebno pomoč za
       ta namen.

9.01   Davki, dajatve in pristojbine
       Posojilojemalka plača vse davke, dajatve, pristojbine in druge davščine
       katere koli vrste, vključno s kolkovino in pristojbinami za registracijo,
       ki izhajajo iz sklenitve ali izvajanja te pogodbe ali katerega koli z njo
       povezanega dokumenta ter iz kakršnega koli poroštva za posojilo.
 
       Posojilojemalka plača vse zneske glavnice, obresti, provizij in druge
       zneske, dolgovane po tej pogodbi, bruto brez odbitka kakršnih koli
       nacionalnih ali lokalnih dajatev; posojilojemalka bo, če je po zakonu
       zavezana odvesti kakršen koli odbitek, plačilo banki povečala za toliko, da
       bo po odbitku neto znesek, ki ga prejme banka, enak dolgovanemu znesku.
9.02   Drugi stroški
       Posojilojemalka krije vse stroške strokovnega dela, bančnega poslovanja,
       prenakazil ali tečajnih razlik, ki nastanejo pri sklenitvi ali izvajanju te
       pogodbe ali z njo povezanega dokumenta in pri vsakem poroštvu za posojilo.

10.01  Pravica zahtevati predčasno odplačilo
       Posojilojemalka na zahtevo banke nemudoma predčasno odplača posojilo ali
       del posojila:
       A. takoj:
          (a) če se izkaže, da je kakršna koli pisna informacija ali dokument, ki
              ga je banka dobila od posojilojemalke ali v njenem imenu v zvezi s
              pogajanji za sklenitev te pogodbe ali med njenim trajanjem,
              nepravilen v kakršni koli pomembni podrobnosti;
          (b) če posojilojemalka ob zapadlosti ne odplača katerega koli dela
              posojila, ne plača obresti nanj ali ne izvede kakršnega koli
              drugega plačila banki, kot je določeno v tej pogodbi;
          (c) če mora po kakršnem koli neizpolnjevanju obveznosti posojilojemalka
              predčasno odplačati ali vrniti pred zapadlostjo kakršno koli
              posojilo, ki ji je bilo prvotno odobreno za več kot pet let;
          (d) če posojilojemalka ne izpolni kakšne finančne obveznosti po
              kakršnem koli drugem posojilu, ki ga je dala banka iz sredstev
              banke ali Evropske unije;
          (e) če se na katerem koli premoženju, ki je del projekta, uvede ali
              sodno uveljavi kakršna koli zaplemba, izvršba, sekvestracija ali
              drug postopek, ali
       B. po poteku razumnega roka v skladu z določbami te pogodbe in navedenega
          v obvestilu, ki ga banka pošlje posojilojemalki, če zadeva za banko ne
          ni bila zadovoljivo rešena:
          (a) če posojilojemalka ne izpolni katere koli obveznosti po tej pogodbi
              razen obveznosti iz točke (b) pododstavka 10.01 A ali
          (b) če se katero koli pomembno dejstvo, navedeno v uvodnih navedbah,
              bistveno spremeni ali izkaže za napačno in če ta sprememba ali
              napaka škoduje interesom banke kot posojilodajalke posojilojemalki
              ali neugodno vpliva na izvajanje ali potekanje projekta.
10.02  Druge zakonite pravice
       Odstavek 10.01 ne omejuje kakršne koli druge zakonite pravice banke, da
       zahteva predčasno odplačilo posojila.
10.03  Odškodnina
       A. Ob zahtevi za odplačilo po odstavku 10.01, ki se uporablja za tranšo s
          stalno obrestno mero, plača posojilojemalka banki večjega od naslednjih
          zneskov, izračunanih na datum zahtevka:
          (a) znesek, izračunan po določbah pododstavkov 4.02 B in C, za znesek,
              ki je zapadel in ga je treba plačati, in z veljavnostjo od datuma
              zapadlosti, ki je naveden v zahtevi banke za plačilo, in
          (b) znesek, izračunan po letni stopnji 0,25% od datuma zahtevka za
              plačilo do datuma, na katerega bi bilo treba odplačati vsak obrok
              zahtevanega zneska, če zahteva za predčasno odplačilo ne bi bila
              dana.
       B. Ob zahtevi za predčasno odplačilo po odstavku 10.01, ki se uporablja za
          tranšo s spremenljivo obrestno mero, plača posojilojemalka banki
          znesek, izračunan na datum zahtevka po letni stopnji 0,25% od datuma
          zahtevka do datuma, na katerega bi bilo treba plačati vsak obrok
          zahtevanega zneska, če zahteva za predčasno odplačilo ne bi bila dana.
10.04  Neodpoved pravicam
       Nobena neizpolnitev ali zamuda banke pri uveljavljanju katere koli njene
       pravice po tem 10. členu se ne sme razlagati kot odpoved takšni pravici.
10.05  Uporaba prejetih zneskov
       Zneski, prejeti po zahtevku na podlagi 10. člena, se uporabijo najprej za
       plačilo odškodnine, provizije in obresti v tem zaporedju, zatem pa za
       znižanje neodplačanih obrokov v obratnem zaporedju zapadlosti.

11.01  Pravo
       To pogodbo in njeno sklenitev, razlaganje in veljavnost ureja pravo
       Velikega vojvodstva Luksemburg.
11.02  Sodna pristojnost
       Vsi spori v zvezi s to pogodbo se predložijo Sodišču Evropskih skupnosti.
 
       Odločitev sodišča, ki jo sodišče sprejme na podlagi tega pododstavka 11.02,
       je dokončna in zavezujoča za pogodbenici brez omejitve ali pridržka.
 
       Pogodbenici se s tem odrekata vsakršni imuniteti ali pravici do ugovora
       zoper pristojnost tega sodišča.
11.03  Dokaz o dolgovanih zneskih
       V vsakem pravnem sporu, ki izhaja iz te pogodbe, je potrdilo banke o
       katerem koli znesku, dolgovanem banki po tej pogodbi, dokaz prima facie o
       takem znesku, če ni očitne napake.
11.04  Začetek veljavnosti
       Ta pogodba začne veljati, potem ko banka posojilojemalki potrdi, da je
       prejela overjeno kopijo akta posojilojemalke o ratifikaciji.

12.01  Obvestila
       Obvestila in druga sporočila po tej pogodbi se pošljejo na ustrezna
       naslova, navedena v nadaljevanju pod 1), razen obvestil posojilojemalki v
       zvezi s sodnimi spori ne glede na to, ali potekajo ali grozijo, ki se
       pošljejo na naslov, naveden v nadaljevanju pod 2), kjer si posojilojemalka
       izbere domicil:
       – za posojilojemalko:    1)   Ministrstvo za finance
                                     Župančičeva 3
                                     1502 Ljubljana
                                     Slovenija;
                                2)   Veleposlaništvo Republike Slovenije
                                     179, Avenue Louise
                                     1050 Bruselj
                                     Belgija;
       – za banko:              1)   100 boulevard Konrad Adenauer
                                     L-2950 Luxembourg-Kirchberg.
       Vsaka pogodbenica lahko z obvestilom drugi pogodbenici spremeni svoje
       zgoraj navedene naslove pod pogojem, da se sme naslov pod 2) zamenjati samo
       z drugim naslovom znotraj Evropske unije.
12.02  Oblika obvestila
       Obvestila in druga sporočila, za katera so v tej pogodbi določeni fiksni
       roki ali ki sama določajo roke, ki so za naslovnika zavezujoči, se vročijo
       osebno, s priporočenim pismom, telegramom, teleksom ali drugim načinom
       prenosa, s katerim je mogoče dokazati, da jih je naslovnik prejel. Datum
       priporočenega sporočila oziroma navedeni datum prejema obvestila je
       odločilen za določitev roka.
12.03  Uvodne navedbe, priloga in dodatek
       Uvodne navedbe in naslednja priloga so sestavni del te pogodbe:
       Priloga A      Tehnični opis.
       Prilogi je priložen naslednji dodatek:
       Dodatek I      Pooblastilo podpisnikov za posojilojemalko.