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Page 1 CONFORMED COPY LOAN NUMBER 4812 -CHA Project Agreement (Fuzhou Nantai Island Peri-Urban Development Project) between INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT and FUZHOU MUNICIPALITY Dated November 21, 2006 Page 2 2 Page 3 LOAN NUMBER 4812-CHA PROJECT AGREEMENT AGREEMENT dated November 21, 2006, between INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT (the Bank) and THE FUZHOU MUNICIPALITY (Fuzhou). WHEREAS (A) by the Loan Agreement of even date herewith between the P eople