Conformed Copy - L4617 - Liao River Basin Project - Project Agreement

Page 1 CONFORMED COPY LOAN NUMBER 4617 CHA Project Agreement (Liao River Basin Project) between INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT and LIAONING PROVINCE Dated January 18, 2002 LOAN NUMBER 4617 CHA PROJECT AGREEMENT AGREEMENT, dated January 18, 2002 between INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT (the Bank) and LIAONING PROVINCE Page 2 (Liaoning). WHEREAS (A) by the Loan Agreement of even date herewith between the Borrower and the Bank, the Bank has agreed to make available to the Borrower an amount equal to one hundred million Dollars ($100,000,000) on the terms and conditions set forth in the Loan Agreement, but only on condition that Liaoning agrees to undertake such obligations toward the Bank as are set forth in this Agreement; and WHEREAS Liaoning, in consideration of the Bank