China's new wastewater formula
- From: Vol 10, Issue 5 (May 2009)
- Category: General
- Region: Asia
- Country: China
The stimulus package has threatened the Chinese government’s private finance agenda for wastewater, prompting a rule change. Kathy Liu reports.
As part of its package to stimulate the economy, the Chinese government will inject approximately $13 billion into the wastewater industry during the 2009/2010 financial year.
To date, local councils have had relatively easy access to central government funding for wastewater projects. The stimulus package has, however, prompted a recent drop in opportunities for private investment, as project clients ...
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