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Page 1 CONFORMED COPY ACGF GRANT NUMBER TF090410 Project Agreement (Water Services and Institutional Support Project) between INTERNATIONAL DEVELOPMENT ASSOCIATION Acting as an administrator of the Africa Catalytic Growth Fund and FUNDO DO INVESTIMENTO E PATRIMONIO DE ABASTECIMENTO DE AGUA (FIPAG) Dated September 21, 2007 Page 2 ACGF GRANT NUMBER TF090410 PROJECT AGREEMENT Agreement dated September 21, 2007, entered into between INTERNATIONAL DEVELOPMENT ASSOCIATION, acting as an administrator to the Africa Catalytic Growth Fund (referred to as