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.
Pursuant to the PPP Project Agreement, during the cooperation period, the Kangda is entitled to be responsible for the design, construction, investment, financing, operation and maintenance of the project and to charge the project service fees (including wastewater treatment service fee, wastewater pipeline network service fee, operation and maintenance fee of rural wastewater treatment facilities and comprehensive improvement service fee of residential environment) based on the wastewater treatment services and results of environmental quality improvement and pollutants reduction.
The project is located in Yunan County, Yunfu City, Guangdong Province (China). To practically improve the urban and rural residential environment of the eastern, western and northern regions in Guangdong Province and achieve the goals of comprehensively building a moderately prosperous society and the first ‘‘Centenary Goal’’ in advance in 2018 as proposed by the People’s Government of Guangdong Province and Party Committee of Guangdong Province, Yunan County has been classified as the Rural Domestic Wastewater Treatment Exemplary County in China by Ministry of Housing and Urban-Rural Development of the PRC and the exemplary county of promoting wastewater treatment in the entire county in Guangdong Province. Therefore, the PPP Project has been actively facilitated and will have positive exemplary significance.
The PPP Project comprises subprojects of the wastewater treatment facilities construction (including 14 wastewater treatment facilities in 12 towns, 903 wastewater treatment facilities in rural area and the supporting pipeline networks), the supporting pipeline networks construction for three existing wastewater treatment facilitates, and comprehensive improvement of residential environment in the 15 exemplary central villages, which aims to build villages with ecological agriculture, ecological tourism and ecological cultural characteristic by implementing ‘‘One Village, One Corresponding Policy’’, meaning each village may have the corresponding customized policies based on its environmental and economic conditions; ‘‘Point to an Area’’, meaning promotion in all areas drawn upon the experience gained from one specific case; emphasis on villages environmental improvement; and the orientation of building the ‘‘Beautiful Village’’. It is expected that the PPP Project will be carried out by using a project model of design-build-finance-operate-transfer.
The cooperation period for the aforementioned sub-projects is 30 years commencing from the date of execution of the PPP Project Agreement. The cooperation period may be extended upon request from the Project Company in two years before the expiration of the cooperation period.
Kangda directors believe that entering into the PPP Project Agreement is consistent with the business strategy to explore business opportunities in the area of water resource management and infrastructure development and to enhance its financial performance so as to consolidate the group. The group’s investment in the PPP Project aligns with the national supportive policies issued by the Ministry of Finance and the participation in the PPP Project will enhance its experience in PPP projects where the group will continue to seek other PPP opportunities in the future.
Country news
-
-
August 05, 2016
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 -
August 04, 2016
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 -
July 28, 2016
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 -
July 27, 2016
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 -
July 21, 2016
Everbright International secures Shandong Fei County waste to energy BOT project
China Everbright International Limited has signed a concession agreement for a household waste-to-energy project with the People's Government of Fei County, Shandong Province. The group will invest in the construction of the Fei County Household Waste-to-energy PPP project in Shandong Province. Read more
