Everbright Water Limited an environmental protection company focusing on water environment management, announces that the Company has secured Ji’nan Tangye New Area Waste Water Treatment PPP project (Tangye New Area Project) and Zibo Northern Waste Water Treatment Plant Expansion Project (Zibo Northern Expansion Project) in Shandong Province, with a total investment of approximately RMB 396M.
Tangye New Area Project will be invested in, constructed and operated by a project company jointly established and led by Everbright Water based on a PPP (Public-private Partnership) model, with a concession period of 30 years (construction period inclusive). Everbright Water holds a 99.9% stake in the project company. The project will be mainly responsible for providing wastewater treatment services to the Tangye New Area in the Licheng District of Ji’nan City. With a total investment of approximately RMB 313M, Tangye New Area Project has a total designed daily wastewater treatment capacity of 45,000 m3 (comprising 25,000 m3 for phase I and 20,000 m3 for phase II).
Tangye New Area Project will adopt a semi-underground structure, marking another underground wastewater treatment project of the Company, following Beijing Daxing Tiantanghe Waste Water Treatment Project, Ji’nan Huashan Waste Water Treatment Project and Ji’nan East Station Area Waste Water Treatment Project.
Separately, the Company entered into an agreement with the Management Committee of Shandong Zibo Economic Development Zone and secured Zibo Northern Expansion Project. The project will be invested in and constructed based on a BOT (Build-Operate-Transfer) model, with an investment of approximately RMB 83M for a concession period of 30 years (construction period inclusive). Its designed daily wastewater treatment capacity is 20,000 m3.