China Everbright Water lands 1.52b yuan worth of projects
WATER resource-focused China Everbright Water has won several sub-projects with a combined investment value of 1.52 billion yuan (S$316.8 million) in Shandong province, China.
The sub-projects are part of the larger Ji'nan Zhangqiu Urban-Rural Integration Water Supply Project that was secured by Everbright Water, with a winning bid submitted for the tender in March. The overall value of the main and sub-projects is estimated at 3.1 billion yuan.
Everbright Water said that it will execute three sub-projects on a build-operate-transfer (BOT) basis.
The first of the trio, the Zhangqiu Yellow River Water Transfer and Water Resource Replenishment Project, is under construction. The investment value of this project is 392 million yuan.
Two others, the Zhangqiu Baiyun Water Plant Water Supply Project and the Zhangqiu Chengdong Industrial Water Supply Project, carry estimated investment values of 1.08 billion yuan and 50 million yuan respectively.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
GlaxoSmithKline sues Pfizer and BioNTech over Covid-19 vaccine technology
Mapletree Industrial Trust Q4 DPU rises 0.9% to S$0.0336
Nasdaq’s profit falls as shaky economy keeps IPO revival elusive
iFast Q1 net profit surges on ePension unit performance
Suntec Reit Q1 DPU down 13% to S$0.01511 in absence of capital distribution
US: Wall St opens lower as Meta Platforms, economic data weigh