国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Economy

Markets

Industries

Insights

Reports

Events

ADB and Singaporean firms eye water projects in China

(Xinhua)
Updated: 2008-04-18 13:53

The Asian Development Bank (ADB) said on Thursday it will join three Singaporean firms in investing in a new company that helps China develop water projects.

The ADB will invest $4 million in the newly-established Asia Infrastructure Project Development Company (AIPC), taking a 40 percent stake, said the ADB's China office.

The AIPC will provide feasibility assessments, planning, design and other services for water supply, sanitation and sewage treatment projects by Chinese local governments.

The other investors included United Engineers Singapore Pte Ltd, Konzen Environment Pte Ltd and Crest Spring Pte Ltd.

The company offers resources and expertise to the whole process of drawing up and completing projects jointly funded by government finance and private capital, said Seethapathy Chander, deputy director general of ADB's Private Sector Operations Department.

China has highlighted tackling water pollution and scarcity, setting a target of extending tap water supply coverage to 95 percent of the population and waste water treatment to 70 percent by 2010.

That demanded about $140 billion of new investment in water plants, sewage treatment and recycling facilities, which required the involvement of the private sector, according to ADB's study.

The Manila-based ADB has provided China with loans totaling $2.5 billion for municipal infrastructure and environment-improving projects since 1992.