You are here

SIIC Environment unit wins wastewater project in China's Yiyang North City

Tuesday, December 20, 2016 - 18:16

A subsidiary of SIIC Environment Holdings has been awarded a wastewater project in China that is expected to entail an investment of 99.48 million yuan (S$20.7 million).

The 75.5 per cent-owned subsidiary, SIIC Environment (Yiyang North City) Wastewater Treatment Co, was awarded the Yiyang North City Wastewater Treatment Phase 2 and Upgrade build-operate-transfer project by Yiyang North City's Housing and Urban Development Bureau.

The project involves the construction and operation of a wastewater treatment plan, with a design capacity of 40,000-80,000 tonnes a day. It has a concessionary period of 30 years, with an upgrade of the water discharge standard from Grade 2 to Grade 1A.

This is not expected to have a material impact on the firm's net tangible assets and earnings per share for the current financial year, said SIIC Environment.

sentifi.com

Market voices on:

Nespresso
Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at btsub.sg/btdeal

Powered by GET.comGetCom