China Everbright Water wins Nanjing river project

WASTEWATER treatment firm China Everbright Water Limited said that its consortium formed with Jinan Urban Construction Group has won the bid for the Nanjing Municipal Water Public-Private Partnership (PPP) project.

Everbright Water will fully own the project and will be responsible for its investment, operation and maintenance. Jinan Urban Construction will be responsible for construction.

Total investment for the project is about 275 million yuan (S$56 million) with a concession period of 10 years inclusive of a two-year construction period. The project will mainly serve the Chengnan River basin in Pukou District of Nanjing City, China Everbright Water said.

Chairman Wang Tianyi said that the Nanjing project is the firm's first river training project, which will expand the company's business model.

Projects include river water quality improvement, river dredging, river training, river outfall remediation, river widening, transect restoring, riverbank greening and riverside environmental management, the firm said.

China Everbright Water closed trading at S$0.575, down half a cent, before the announcement.