Log in or Register for enhanced features | Forgotten Password?
White Papers | Suppliers | Events | Report Store | Companies | Dining Club | Videos
Waste & Waste Water Management
Return to: CTBR Home | Enviro-Care | Waste & Waste Water Management

ADB to provide $200m to China Water Affairs to improve urban water management

Published 05 March 2018

The Asian Development Bank (ADB) has agreed to provide $200m loan to China Water Affairs Group Limited (CWA) to improve wastewater management and increase people’s access to clean and reliable water supply in the country.

The agreement was signed by ADB private sector operations department deputy director general Christopher Thieme, and CWA’s Chairman Duan Chuan Liang at a ceremony in Beijing.

ADB’s assistance is comprised of two loans of up to $100m each in US dollars and yuan. The financing, to be disbursed on a project-by-project basis, will support the construction and operation of a series of public-private partnership (PPP) initiatives covering a combination of water treatment and distribution, wastewater treatment, and sewage and drainage pipelines in second and third-tier cities in the PRC. The PPP arrangements will help increase private sector participation in the urban water sector.

Thieme said: “Ensuring accessible, safe, and reliable water supplies for the PRC’s urban areas is an urgent development priority.

“This financing supports CWA in pioneering new approaches to urban water management where multiple services are integrated to increase water efficiency.”

This transaction builds on the success of ADB’s earlier partnerships with CWA, which focused on supplying water to cities and surrounding rural communities. In this new financing, the emphasis is on supporting CWA’s innovations to link the entire water value chain, including wastewater pipelines and treatment.

Once completed, CWA’s projects are anticipated to supply over 10 million cubic meters per day of tap water and treat over 1.8 million cubic meters of wastewater daily. Over 5,000 kilometers of CWA-managed sewage and drainage pipeline networks will also be constructed.

CWA, established in 2003 as one of the first private companies to own and operate water distribution networks in the PRC, has concession operations in more than 50 cities, across 16 provinces and provincial-level municipalities, in the country. CWA’s main business lines include water supply, wastewater management, and water construction services.

Source: Company Press Release