Yunnan Water Investment Co., Limited with Ycih No.1 Water Resources and Hydropower Construction Co., Ltd. Receives Phase II Drainage Reconstruction and Expansion Project
January 02, 2019 at 06:30 am EST
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The board of directors of the Yunnan Water Investment Co., Limited announced that, on 2 January 2019, the Company together with YCIH No.1 Water Resources and Hydropower Construction Co. Ltd. Received a letter of acceptance for being formally awarded the public-private-partnership project in relation to the phase II drainage reconstruction and expansion project in Hetian City, which is granted by Bureau of Housing and Urban Rural Construction of Hetian City,Xinjiang Uygur Autonomous Region by way of public tender. The total estimated investment of the Project amounted to approximately RMB 326,581,500. The Project is an operational asset project involving the reconstruction and expansion of two wastewater treatment plants in Hetian City, which is the wastewater treatment plant and the Beijing Hetian Industrial Park Wastewater Treatment Plant. Of which, the Hexi Wastewater Treatment Plant and the Hedong Wastewater Treatment Plant are operated in the TOT (transfer-operate-transfer) operation mode; the Hexi Wastewater Treatment Plant is upgraded and constructed in the ROT (reconstruct- operate-transfer) operation mode. The Directors consider that the implementation of the Project can provide the Group with a good opportunity to further expand its business in the market of Xinjiang Region, enhance its profitability and improve its influence over the environmental protection industry in Xinjiang Region and to achieve cross-regional development. The Project can make full use of the practical experience of the Group in undertaking wastewater treatment projects in other districts in Xinjiang, achieve synergic effect and improve the refinement level of water supply and drainage management to enhance its profitability.
Yunnan Water Investment Co Ltd is a China-based company principally engaged in the development, design, construction, operation and maintenance of municipal water supply, wastewater treatment and solid waste treatment facilities. The Company operates five segments, including Wastewater Treatment Project Construction and Operation segment, Water Supply Project Construction and Operation segment, Construction and Sales of Equipment segment, Solid Waste Treatment Project Construction and Operation segment, and Others segment. Others segment includes operation and maintenance services and other businesses. The Company mainly conducts businesses within the domestic market.
Yunnan Water Investment Co., Limited with Ycih No.1 Water Resources and Hydropower Construction Co., Ltd. Receives Phase II Drainage Reconstruction and Expansion Project