ll?r ?ElJdeLl ff SET: ?12 1?21: 212.;- 4 e. 5262225322222. 293 5 41722222222. 222322.22 {l H): of Construction T222. 322222222222? 122.2322 emu: 11.2.!222222221}- ?Prrimv Minister .12 Cl 2222' 22222 22213222202 2 Mihailovl? . .55 5?5/ 2?22222 l?ixcc?2:222:22. Deputy Prime 3122223222? and he'linisicz? Professor K222222222 alumgl Hereby 2w;- cun?nn receipt 222" 22222212 Sc 1262 10 M2 S2222 1.2222222 2( .hairman of the 82.22.2221 222? Shandong 2-8232: ed Group dated 21-12;) March 8' we 2-22?022ld like to express. on l222l?2z2n?2" 2522? Eli?Speed Group. our sincere thanks 22nd gratitude 222 your your 2222222222222 01 for 30222 trust and 22222222 222 22222. execution 2?2 2" lit-illn-??iy Section Obrenovac 10 1,222, ?3252; 222 ?2222222 slate-02221622 enterprise in Shandun'g Province 22.2; 222.22 2.2.2.2 22222 2.223% 2222222232 222222 222222.22 222jolEsSio22al Chinese 22022212212232 engaged in 2'222'2222222223222. 222.222.2222?22cli2322. 22p?r22122222 and 222a?2inlenancc of highway, we are not only. the investor 22.2222 builder of Qinga 222,2 I22222zl20u Bay C2033ing~sea Bridge, the longest chss?ngsea bridgc in the 22222122., 7222.22 29:22.25 the initiator and one 221? the main 2?22" .l?2?222222?Qi22gda22 ll 2:23:22: Railw undm with a iota} im- csl'ment :2 2222222222 222" If) 222122022 22525.22. 222 2322: 2523225022: of highway. We have capahilitles in 12n22i2?ll; 2.5.2 22222.2 2,222ck22ge 3223222323222 2222' construction, operation and 22122212222222.2222: 22f l?2l2?2l?22222222? 2222251222225; ?2?22?2222?26222; 22:32:22?22?23225. we ?rmly belie-22c, can be diversified. 222' 223 2'22222? letter, we- wnuld like to ance- 2?2y22222 2'222?2 our and make detailed explanations ?222 "0 2-2 2122222222, and 2122232222222.2.22.222. 9-23222222?5222; ?2l22?: Higl?away Belgrade to Pnze?ga. hereby 22222 22222232222 2.22222 inicrest 222122222 3.2.2222- 2:22 cellencx and your e-staCmed government. Plea 32% hindlx 22,022: ll2a2 we. 2222: read}- 222 p.222 icirmzc in The i212plen2e2n22?l2222 at this 2222222222 222222 2 2?22: concession ntorl'cL but we also have on: intention and capability to participate in the implemcnintion under other models in our proposal letter addressing, your excelicncy dated on May 2015. we explicitly stated that we shall invest. and construct Section Surcin to Obrenovac and did not insist on requesting your esteemed government to provide guarantee for minimum pro?t nnrler the condition oi?operntion of Section Snrcin to Preliino. 1 Want to stress that conCession project proposals should attach importance to the bene?t of the got?crninentg the public and the investor in order to achieve. an rill-win situotion, We will not only be responsible for investment and construction of Section Snrcin to but also responsihlc for investment and construction oi" operation and maintenance. facilities tor Section Obrcnovac to Preljino. Considering tho risks and sharing ofpro?t, it is necessary to note that the maximum revenue which we request for has been set with 3 upper limit. in the. previous period. we have spent, much funds and time. discussing about technical and commercial problems. reaching an agreement to some extent. Particularly regarding the Section Snrcin to ()brenovao the biggest obstacle for signing commercial contract has been cleared after we gave: no requesting your to provide guarantee for minimum pro?t il?l-ierel?ore, wc believe it is to ?nish the commercial and technical negotiations within a relatively short time. in addition lot ol" lime regarding administrative approval in China can be saved sins: we have already obtained the approval regarding the ?nancing of? investment proicvts from relevant departmentof?C?hinc-se Govet?innei?it. Under the CONCJESSIUN model. our shall undertake the responsibility for Section Surcin to in other words. we can utilize our man 'i?unds to commence the: project us soon as possible on the condition that the commercial contract is signed into all the. requirements for entering into the possession of the. site are met instead ot' waiting for approx! i from Chinese Government and banks. The rest financing, shall also be bornc by our mother company all in purposc?ot? promoting the project cxccotion in an efficient and undisturbed manner. Shandong Group has; the. intention to maintain a long-term existence in Serbia and we are eagerly willing to keep a good cooperation relationship with your excellency and your catecmct government. We are ready to make investment here. participate in your process tint] discuss with your esteemed government regal rd in the development of other projects. Considering the urgency of Section Surcin to ()brenovac. we would like to propose the following suggestiot ?loot part of the core terms for your review-{the rest shall he calculated based on financial model): 1. Based on Our previous comnumicafions from technical and commercial perspectives. we should try our boat to ?nish preparing the. Employer Requirements and sign the commercial contract in month through efficient cooperation with your estecmcd government before starting the project preparation immediately. 2. As :1 large state-owned Chinese enterprise, we would like to make the following promises: We shall consider using our own funds as the proicct capital which accounts For at least 25% of the total investment. With a credit line of over l3illion('around EUR ital billion) granted by several inaj'cir Chinese state?owned hunks. our parent cmnpany Shandong'Hi-Speed Group can provide ?nancing guarantee for this project, with very cotnpetiititie interest rate and conditions. Currently we hat-?e completed the preparation of the project capital and the rest financing shall he ?nished in 3 months. After satisfaction ofthe demand for entering into the. of the site, we cxpem to strut the project execution in July 20l6 and the project capital could even be invested earlier. 3. We hope to ?nish the project constitutionwithin 3 years but we will try our hes?! to tinish it ti?ithin 2 year and a hall. The. construction time for the bridge ol'over could be relatit-ely long. Anyway; we will hate discussions with relevant expoits to determine the construction time. i 4. ll? we execute the project under the Pt." model(Procurement and construction). our commuted cost for Section Surein to ()hrenovnc shall he no higher than million cost ofdcsign and supervision are not included). ?3 it" we execute the project under the model. our target shall be set :11 6. According to the requirements: of EU. we promise to try our best to employ local labor force and at least 30% Lifting. works shall be subcontracted to itDti-C?liincsc companies. Considering the eagerness or" you:- esteemed government to implement this project. orient from the atliriveanmititu?tct?l E85 ?s?lON model. We would also like to advise to adopt the following proposal link your consideration: l, W: agree to execute ti]; :zizi?oj-cL?t unL?lL'r the credit model and conclude illt.? contract under the Pt" model in the proliminury stage. It" the loans not be obtained in half a yearn the: patiycot ohall be executed automatically Under the model. 2. '1"th concession contract enter into force only on the prerequisite of failure ot?tlie commercial contract under the PC model while these two contracts shall be signed at tlies ante time 'll? 6 detail who'll be specified in the contracts. 3. ?l'o SilOl?lB? the. time of project assessment and preparation, we car: Start. this piojcct rattccutiou immediately alter signing the More-mentioned two contracts. The roprrvucntritix-?es of our common}: shall elaborate and optimize this proposal soon am possible in the next few days. Please gitc your coastduation to our su ggestions and we are expecting your reply: Yours sincerely, Moog ?x?zut General; Manag?gu Lam ltina Slitiudong Technical LiOperation Gioup pf?t?i??t??gup Co 1 tci lo; and on behalf oi ??li?mon Sigmturcrv? . fit-sf; Date: