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Page 1 CONFORMED COPY LOAN NUMBER 4566 CHA GEF TRUST FUND GRANT NUMBER TF024121 Project Agreement (Second Beijing Environment Project) between INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT acting on its own behalf and as an Implementing Agency of the Global Environment Facility and BEIJING MUNICIPALITY Dated October 10, 2000 LOAN NUMBER 4566 CHA PROJECT AGREEMENT AGREEMENT, dated October 10, 2000, between INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT (the Bank), acting on its own behalf and as an implementing agency of the Global Environment Facility (GEF), and Beijing Municipality (Beijing). WHEREAS (A) by the Loan Agreement of even date herewith between the People