NEWS IN BRIEF – ASIA #2
- From: Vol 7, Issue 3 (March 2006)
- Category: Brief
- Region: Asia
- Country: China
- Related Companies: Aqualia, Bio-Treat Technology, Salcon Bhd, Shenyang Zhenxing Environmental Protection Industry Group and Tianjin Capital Environmental Co
* Tianjin Capital Environmental Protection (TCEP) has beaten off a total of seven competitors to win the 25-year transfer-operate-transfer (TOT) contract to run Hangzhou City’s Qige wastewater treatment plant.
The RMB858 million ($107 million) deal represents the largest TOT contract in the Chinese water sector to date, and the first time existing assets and a project under construction have been transferred simultaneously. The proposed tariff of RMB0.836/m3 ($0.10/m3) is 20% lower than the government’s base price, saving the municipal government RMB40 million ...
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