Kangda International announces wastewater PPP

Kangda International Environmental has announced that Yunan County Environmental Protection Bureau, Kangda Group and Guangdong Liangke have recently initiated the PPP Project Agreement in respect of a PPP wastewater project after a competitive consultation process. Read more

China Railway announces victory in metro PPP

The capital of the project is approximately 50% of the total investment of the project and the shareholding of the government and the consortium in the project company is 49%:51%. Read more

IFC commits up to $200 million to IFC Emerging Asia Fund with investors from Fiji and Korea

IFC, a member of the World Bank Group, has committed up to US$200 million to the IFC Emerging Asia Fund (EAF), which has reached a first close. IFC is joined by the Korea Development Bank (KDB) and the Fiji National Provident Fund (FNPF). Central to the EAF is mobilizing additional capital in emerging markets of the Asia region, given the scale of investment, innovation, technological development and employment creation required for sustainable development in many low and middle income countries in the region falls beyond the range of the public sector, making the private sector central to finding and financing the development solutions that are needed.   Investments by the EAF will be aligned to IFC’s strategy for the region, which includes a focus on addressing the infrastructure deficit, and at the same time it will also help investee companies raise standards, improve risk mitigation and generate value.   The new global architecture for international development, the Sustainable Development Goals, launched at the United Nations in 2015, highlights that financing sustainable development requires low and middle income countries tap new sources of capital from both private and public sources, including leveraging global private capital to most skillful effect. Two thirds of the world’s poorest people live in emerging Asia and yet it is the engine room of global growth being the fastest growing region and the largest continental economy by GDP in the world. This growth is a function of favorable dynamics such as the continued need for enhanced infrastructure, the emergence of a rapidly growing middle class and commitments by many governments in the region to political and economic reform.  Combined, these dynamics have created significant opportunities for investment in the region including China, India, Indonesia, Philippines and Asian frontier markets such as Vietnam and Myanmar.  Read more

Legal firm Jones Day bolsters its integrated projects, energy, and finance capabilities in Asia

The global law firm Jones Day has announced the addition of five partners in Asia with extensive experience related to large infrastructure projects, banking and finance, and energy transactions. James Harris, Julien Reidy, Bruce Schulberg, and Alex Cull will join in Singapore, and Kanyi Lui will join in Beijing (China). Read more

Everbright International signs Shandong Weifang Waste-to-energy Project Phase II

China Everbright International Limited has announced that it has signed a supplementary agreement in addition to its household waste-to-energy project concession agreement with the Weifang Municipal Bureau of City Administration and Law Enforcement in Shandong Province (China) to invest in and construct the Weifang Waste-to-energy Project Phase II. This is the seventeenth waste-to-energy project that the Group has invested in and constructed in Shandong Province. Weifang Project Phase II will be constructed on a BOT (Build-Operate-Transfer) basis and will be transferred to the government at the same time as Weifang Project Phase I. The total amount to be invested into Project Phase II will be approximately RMB165 million (US$24.7 million) and this phase will have a daily household waste processing capacity of 500 tonnes. It is expected to generate approximately 46,000,000 kWh of green electricity annually, and its gas emissions will fully comply with the Euro 2010 Standard. After Project Phase II is constructed, the total daily waste processing capacity of the Weifang Project will reach 1,500 tonnes. Mr. Chen Xiaoping, CEO of Everbright International, said: Read more