Conformed Copy - L4329 - Guangzhou City Center Transport Project - Supplemental Letter

Page 1 PEOPLE’S REPUBLIC OF CHINA GUANGZHOU MUNICIPALITY June 26, 1998 International Bank for Reconstruction and Development 1818 H Street, N.W. Washington, D.C. 20433 Re: Loan No. 4329 CHA (Guangzhou City Center Transport Project) Performance Indicators Ladies and Gentlemen: I refer to the Loan Agreement of even date herewith between People’s Republic of China (the Borrower) and the International Bank for Reconstruction and Development (the Bank) for a Guangzhou City Center Transport Project (the Project), and to the Project Agreement of same date between the Bank and Guangzhou Municipality (Guangzhou) for the Project. For purposes of Paragraph D(1) of Schedule 2 to the Project Agreement, Guangzhou shall monitor and evaluate the carrying out of the Project in accordance with the indicators set forth in the Annex to this Letter. Please confirm your agreement to the foregoing by signing on the form of confirmation below. Sincerely yours, GUANGZHOU MUNICIPALITY By /s/ Liu Xiaoming Authorized Representative AGREED: INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT By /s/ Jean-Michel Severino Authorized Representative