ASIA WATER IN BRIEF
- From: Vol 12, Issue 12 (December 2011)
- Category: Brief
- Region: Asia
- Country: China, Malaysia, Philippines and Singapore
- Related Companies: Asia Environment Holdings, Calapan Ventures, China Water Affairs Group, Salcon Bhd and Tri-Tech Holding
US-listed Tri-Tech has secured a ‘buildown- operate-subsidise-transfer’ project in western China. The ‘BOOST’ contract involves the construction and operation of water and wastewater facilities in a small town in Buerjin, Xinjiang for 30 years.
Under the agreement, the local government will pay 60-65% of the $3.15 million projected capex. It remains to be seen whether the BOOST model will catch on in poorer parts of China where tariffs are low but development potential is high.
Malaysian water and wastewater plant developer Salcon is planning a new share issue of up to 10% of ...
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