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Page 1 CONFORMED COPY LOAN NUMBER 4453 CHA Project Agreement (Liaoning Urban Transport Project) between INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT and LIAONING PROVINCE Dated July 27, 1999 LOAN NUMBER 4453 CHA PROJECT AGREEMENT AGREEMENT, dated July 27, 1999, between INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT (the Bank) and LIAONING PROVINCE (Liaoning). WHEREAS by the Loan Agreement of even date herewith between People