ISPA Measure No:

2000/LV/16/P/PT/001

Amendment N°1 to Financing Memorandum agreed between the Government of the Republic of Latvia and the European Commission concerning the grant of assistance from the Instrument for Structural Policies for Pre-accession to the following measure "Improvement of Via Baltica road (Pan European Corridor I) from km 13.0 (Gauja) to km 21.2 (Lilaste) located in Latvia

- Whereas the Financing Memorandum "Improvement of Via Baltica road (Pan European Corridor I) from km 13.0 (Gauja) to km 21.2 (Lilaste)" was signed respectively by the European Commission on 23 October 2001 and by the Government of the Republic of Latvia on 19 January 2001;

- Whereas the Government of the Republic of Latvia sent to the European Commission on 26 October 2001 a request for modification aiming at reducing the costs and at extending the scope and the duration of said Financing Memorandum;

- Whereas the European Commission accepts said modification;

The European Commission, hereinafter referred to as "the Commission", acting for and on behalf of the European Community, hereinafter referred to as "the Community" represented by Mr Guy Crauser, Director General for Regional Policy.

on the one part, and

The Government of the Republic of Latvia, hereinafter referred to as "the beneficiary"

on the other part,

HAVE AGREED AS FOLLOWS:

1. The Financing Memorandum concerning the ISPA grant to the measure "Improvement of Via Baltica road (Pan European Corridor I) from km 13.0 (Gauja) to km 21.2 (Lilaste)" (N° 2000/LV/16/P/PT/001) is hereby amended as follows:

Article 2

Identification of the measure

Annex I appended to the Financing Memorandum is replaced by the attached Annex I.

Location: now reads: Adazi-Lilaste, Carnikavas Pagasts, Rīgas Rajons

Article 3

Commitment

1. The maximum public or equivalent expenditure which may be taken into account for the purpose of calculating assistance shall be e 5 762 300;

2. Annex II is replaced by the revised financing plan in Annex II to this amendment.

3. The maximum amount of assistance from the Instrument for Structural Policies for Pre-accession is fixed at e 4 321 725.

4. The authentic text of this Amendment n° 1 to the Financing Memorandum is the present document as signed hereunder to which a new description of the measure is appended as Annex I and the revised financing plan as Annex II. All other provisions in the original Financing Memorandum remain unchanged.

List of Annexes