Conformed Copy - C2201 - Medium-sized Cities Development Project - Amendment

Page 1 April 25, 1991 Mr. Wang Bing-Qiang Minister of Finance Ministry of Finance Beijing, China Dear Sir: Re: Loan No.3286-CHA (Medium sized Cities Development Project) Please refer to the Loan Agreement for the above referenced Project entered between the People's Republic of China (the Borrower) and the International Bank for Reconstruction and Development (the Bank), titled January 30, 1991. The Bank is pleased to inform you that it accepts your proposal to revise the Amortization Schedule to the Loan Agreement to provide for representative suballocations for each of the three cities. therefore, the Bank proposes to delete the Amortization Schedule to the Loan Agreement and replace it with the Amortization Schedule attached hereto. If you agree with the foregoing proposed Amendment, please confirm your acceptance by signing and dating the enclosed copy of this letter and returning the same to the Bank. This amendment shall take effect at the time the Loan Agreement is declared effective, provided the Bank has received the signed confirmation copy. Also because of their interest in this matter, copies of this letter are being sent to: (a) MR. Hong Wenxin, Deputy Mayor Changzhou Municipal Government Changzhou, Jiangsu, China: (b) Mr. Zhao Zufu, Deputy Mayor Shashi Municipal Government Shashi, Hubei, China; and (c) Mr. Bai Ouangdi, Deputy Mayor, Luoyang Municipal Government, Luoyang, Henan, China. Sincerely, By /s/ Zafer Ecevit Chief Environment Human Resources and Urban Development Operations Division China and Mongolia Department Asia Region CONFIRMED: Ministry of Finance By /s/ Lu Qing DIrector World Bank Dept MOF,. China Date: April 28, 1991 SCHEDULE Payment of Principal (Expressed in Dollars) Changzhou Luoyang Shashi Total Dates Payment Municipality Municipality Municipality Due June 15, 1996 590,000 450,000 410,000 1,415,000 December 15, 1996 610,000 470,000 425,000 1,505,000 June 15, 1997 635,000 490,000 440,000 1,565,000 December 15, 1997 660,000 505,000 460,000 1,625,000 Page 2 June 15, 1998 685,000 525,000 475,000 1,685,000 December 15, 1998 710,000 545,000 495,000 1,750,000 June 15, 1999 740,000 570,000 515,000 1,825,000 December 15, 1999 765,000 590,000 535,000 1,890,000 June 15, 2000 795,000 610,000 555,000 1,960,000 December 15,2000 825,000 675,000 515,000 2,035,000 June 15, 2001 660,000 660,000 595,000 2,115,000 December 15, 2001 890,000 685,000 620,000 2,195,000 June 15, 2002 925,000 710,000 645,000 2,280,000 December 15, 2002 960,000 740,000 670,000 2,370,000 June 15, 2003 1,000,000 770,000 695,000 2,465,000 December 15, 2003 1,040,000 800,000 720,000 2,560,000 June 15, 2004 1,080,000 830,000 750,000 2,660,000 December 15, 2004 1,120,000 860,000 780,000 2,760,000 June 15, 2004 1,165,000 895,000 810,000 2,870,000 December 15, 2005 1,210,000 930,000 840,000 2,980,000 June 15, 2006 1,255,000 965,000 870,000 3,090,000 December 15, 2006 1,305,000 1,000,000 905,000 3,210,000 June 15, 2007 1,355,000 1,040,000 940,000 3,335,000 December 15, 2007 1,405,000 1,080,000 975,000 3,460,000 June 15, 2008 1,460,000 1,120,000 1,015,000 3,595,000 December 15, 2008 1,515,000 1,165,000 1,055,000 3,735,000 June 15, 2009 1,575,000 1,210,000 1,095,000 3,888,000 December 15, 2009 1,635,000 1,255,000 1,135,000 4,025,000 June 15, 2010 1,700,000 1,305,000 1,180,000 4,185,000 December 15, 2010 1,750,000 1,370,000 1,220,000 4,340,000 ____________________________ * The figures in this column represent dollar equivalents determined as of the respective dates of withdrawal. See General Conditions, Section 3.04 and 4.03.