Proclamation No. 589/2008
Proclamation Page 4139
Unit Price
14th Year No 46. ADDIS ABABA 14th July, 2008
CONTENTS
PROCLAMATION NO. 589/2008.
A PROCLAMATION TO ESTABLISH A REVOLVING FUND FOR ROAD DEVELOPMENT PROJECTS
WHEREAS, to prevent the recurrence of problems that have ensued from delay on the part of donor or lender sums payable to persons or organizations supplying goods or rendering construction or consultancy services for those for road development projects ;
NOW, THEREFORE, in accordance with Article 55 (1) of the Constitution of the Federal Democratic Republic of
1. Short Title
This Proclamation may be cited as " The Road Development Projects Revolving Fund Establish ment Proclamation No.589 / 2008 ".
2. Establishment
* The African Law Archive *
Road Development Projects Revolving Fund, hereinafter referred to as " The Fund ", is hereby established to be deposited in a special bank account to be opened by the Ministry of Finance and Economic Development.