China Everbright Water Limited Signs Framework Agreement for Qingdao WWT Expansion and Upgrading


Source: marketscreener.com marketscreener.com

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China Everbright Water Limited announce that the Company (through its subsidiary) has entered into a framework agreement with Qingdao Water Authority Bureau, Shandong Province, in respect of Qingdao Maidao Waste Water Treatment Plant Expansion and Upgrading Project ("Maidao Expansion and Upgrading Project"), which has an estimated total investment of RMB 1.432 billion. A 60%-owned subsidiary of Everbright Water will invest in, construct and operate Maidao Expansion and Upgrading Project based on a build-operate-transfer ("BOT") model, for a proposed period of 25 years (inclusive of the construction period). The project will improve the Company's Qingdao Waste Water Treatment Project (Maidao Plant)...