Conformed Copy - C2312 - Beijing Environmental Project - Japanese Grant Agreement

Page 1 March 26, 1992 Mr. Wang Bing Qian, Minister of Finance Mlnistry of Finance Sanlihe, Beiing People's Republic of China Re: Japanese Grant Agreement (Beijing Environmental Project) Amendment of Schedule 1 of the Japanese Grant Agreement Dear Mr. Minister: We refer to the Japanese Grant Agreement (Beijing Environmental Projects between the People's Republic of China (the Borrower) and the International Development Association acting as Administrator of Grant Funds provided by Japan (the Administrator ). The Administrator is pleased to inform you that, after due consideration, it has agreed to retroactive financing of consultants' services under the above mentioned agreement. Therefore paragraph 2 of Schedule 1 to the Japanese Grant Agreement is hereby amended to read as follows: "2. Notwithstanding the provisions of paragraph 1 above, no withdrawals shall be made in respect of payments made for expenditures prior to the date of this Agreement, except that withdrawals, in an aggregate amount of Y 5.0 million, may be made in respect of Category ( 1 ) on account of payments made for expenditures before that date but after August 31, 1991. " Please confirm your agreement with the foregoing amendment by signing and dating the enclosed confirmation copy and by returning it to us for our records. This amendment will be effective as of the date hereof upon receipt of your confirmation. Sincerely, By /s/ Shahid Javed Burki Director China and Mongolia Department East Asia and Pacific Region CONFIRMED: PEOPLE'S REPUBLIC OF CHINA By /s/ Chen Junshuo Authorized Representative Dated: April 14, 1992