Conformed Copy - L4597 - Huai River Pollution Control Project - Project Agreement

Page 1 CONFORMED COPY LOAN NUMBER 4597 CHA Project Agreement (Huai River Pollution Control Project) between INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT and ANHUI PROVINCE and SHANDONG PROVINCE Dated September 24, 2001 LOAN NUMBER 4597 CHA PROJECT AGREEMENT AGREEMENT, dated September 24, 2001, between INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT (the Bank) and Anhui Province and Shandong Province ( collectively, the Project Provinces and, individually, a Project Province). WHEREAS 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 five million five hundred thousand dollars ($105,500,000) on the terms and conditions set forth in the Loan Agreement, but only on condition that the Project Provinces agree to undertake such obligations toward the Bank as are set forth in this Agreement; and WHEREAS the Project Provinces, in consideration of the Bank