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Page 1 CONFORMED COPY LOAN NUMBER 4727-CHA Project Agreement (Wuhan Urban Transport Project) between INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT and MUNICIPALITY OF WUHAN Dated May 12, 2004 Page 2 LOAN NUMBER 4727-CHA PROJECT AGREEMENT AGREEMENT, dated May 12, 2004, between INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT (the Bank) and MUNICIPALITY OF WUHAN (Wuhan). WHEREAS by the Loan Agreement of even date herewith between the People