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Page 1 CONFORMED COPY LOAN NUMBER 4327 CHA Loan Agreement (Third National Highway Project) between PEOPLE'S REPUBLIC OF CHINA and INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT Dated June 26, 1998 LOAN NUMBER 4327 CHA LOAN AGREEMENT AGREEMENT, dated June 26, 1998, between PEOPLE'S REPUBLIC OF CHINA (the Borrower) and INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT (the Bank). WHEREAS (A) the Borrower, having satisfied itself as to the feasibility and priority of the Project described in Schedule 2 to this Agreement, has requested the Bank to assist in the financing of the Project; (B) the Project will be carried out by Hubei Province (Hubei) with the Borrower