GEF Project Agreement, TF056692 Conformed

Page 1 CONFORMED COPY GEF TRUST FUND GRANT NUMBER TF056692 Project Agreement (GEF Ningbo Water and Environment Management Project) between INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT acting as an Implementing Agency of the Global Environment Facility and NINGBO MUNICIPALITY Dated September 22, 2006 Page 2 GEF TRUST FUND GRANT NUMBER TF056692 PROJECT AGREEMENT AGREEMENT, dated September 22, 2006 between INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT (the Bank), acting as an implementing agency of the Global Environment Facility (GEF) and NINGBO MUNCIPALITY (Ningbo). WHEREAS by the Global Environment Facility Trust Fund Grant Agreement (the GEF Grant Agreement) of even date herewith between the People