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Page 1 CONFORMED COPY LOAN NUMBER 4724-CHA Project Agreement (Zhejiang Urban Environment Project) between INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT and ZHEJIANG PROVINCE Dated June 2, 2004 Page 2 LOAN NUMBER 4724-CHA PROJECT AGREEMENT AGREEMENT, dated June 2, 2004, between INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT (the Bank) and ZHEJIANG PROVINCE (Zhejiang). WHEREAS by the Loan Agreement of even date herewith between People