Common use of Part B of the Project Clause in Contracts

Part B of the Project. The Recipient, through the MOEW, shall cause the WD: (a) to carry out, supervise and monitor Part B of the Project, including the development of a water quality monitoring system to measure the impact of the Part B of the Project on the reduction of nutrients in the DDNP, with due diligence and efficiency and in conformity with appropriate administrative, economic, engineering, technical and water management practices and with due regard to ecological and environmental factors as stipulated in the Bucharest Convention on the Protection of the Black Sea Against Pollution and the Ramsar Convention on Wetlands; (b) to take out and maintain with responsible insurers, or to make other provision satisfactory to the Bank for, insurance against such risks and in such amounts as shall be consistent with appropriate practice; (c) to carry on its operations and conduct its affairs in accordance with sound administrative, economic, environment, financial, water management and technical practices under the supervision of qualified and experienced management assisted by competent staff in adequate numbers; and (d) upon Project completion, to transfer to the DDNPD the ownership and the responsibility for the operation and maintenance of the facilities constructed, areas rehabilitated and water quality monitoring system developed under Part B of the Project in accordance with a time action plan agreed by the Recipient and the Bank.