ADB, China Water Affairs Sign Deal to Improve Urban Water Management in PRC
Mar 02, 2018 Picture: BEIJING, PEOPLE’S REPUBLIC OF CHINA (2 March 2018) — The Asian Development Bank (ADB) today signed a loan equivalent of up to $200 million to help China Water Affairs Group Limited (CWA) improve wastewater management and increase people’s access to clean and reliable water supply in the People’s Republic of China (PRC). The agreement was signed by Christopher Thieme, Deputy Director General of ADB’s Private Sector Operations Department, and Duan Chuan Liang, CWA’s Chairman, at a ceremony in Beijing. ADB’s assistance is comprised of two loans of up to $100 million each in US dollars and yuan. The financing, to be disbursed on a project-by-project basis, will support the construction and operation of a series of public-private partnership (PPP) initiatives covering a combination of water treatment and distribution, wastewater treatment, and sewage and drainage pipelines in second and third-tier cities in the PRC. The PPP...
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