Treaty Series Recuei dens Traitds - United Nations Treaty Collection

212 United Nations - Treaty Series 1967
modified from time to time and (ii) will not necessarily be the same for both Rdgies.
3. We recognize the importance for the Rdgies to operate in a sound and efficient
manner and to earn adequate rates of return and take note that the above-mentioned
Development Credit Agreements and Project Agreements contain covenants to
that effect. We also attach great importance to maintaining the tariffs applicable
to international traffic at the lowest levels consistent with sound commercial policy.
Accordingly, it is our opinion that, in accordance with the provisions of such Development
Credit Agreements and Project Agreements, each Rdgie should at all
times take all practicable measures to reduce to a minimum the need to increase
the tariffs applicable to international traffic.
4. Should at any time either R~gie, on the basis of the findings of the consultants
referred to in paragraph 2 above or on the basis of changes in costs, wish to modify
any of its tariffs applicable to international traffic, such R6gie shall submit the
matter to its Government. Such Government shall notify the other Government
for the purposes of fixing a meeting date of the Commission Mixte established
pursuant to the ((Protocole relatif h la Crdation d'une Commission Mixte)) dated
June 8, 1963 between the Republic of Mali and the Republic of Senegal. The date
of such meeting shall not be later than 60 days after the date of said notification.
5. The Governments may at any time seek the Association's assistance for the
purposes of arriving at a decision.
6. If no decision shall have been taken within a period of 90 days after the notification
referred to in paragraph 4 above shall have been made, either Rdgie may
submit the matter to arbitration in accordance with the provisions of Chapter XXIV
of the Railway Convention, and shall so notify the other Rdgie ; provided, however,
that if the Arbitral Tribunal shall not have been constituted within 60 days after
the date of such notification, the arbitrator or arbitrators not yet designated shall
be designated by the President of the International Railways Federation at the
request of either Rdgie. Prior to rendering its award, the Arbitral Tribunal shall
give to the Association the opportunity of expressing its views.
7. Please confirm your agreement with the foregoing, by signing the form of
confirmation on the enclosed copy of this letter and returning it to us.
Very truly yours,
Republic of Mali: Republic of Senegal:
By L. NEGRE By H. THIAM
Authorized Representative Authorized Representative
R~gie du Chemin de Fer du Mali: R6gie des Chemins de Fer du Sdn~gal:
By L. NEGRE By Ousmane Soct DioP
Authorized Representative Authorized Representative
No. 8604