Dali Haidong New Mountainous City Er Sea Protection Water Environment Treatment PPP Project

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On February 22, 2017, construction of the Dali Haidong New Mountainous City Er Sea Protection Water Environment Treatment PPP Project commenced in Dali City, Yunnan Province. The sponsor was a local private company Sanzhi Qiming Investment Fund Management Company Limited which won the contract following an open competitive process. The total investment was US$ 290.95 million (RMB 2000.23 million), out of which US$ 163.93 million (RMB 1127 million) was for greenfield construction. Sanzhi Qiming had a 90% stake in the project with the remaining shares belonging to the local government. The treatment capacity of the facilities was not reported. The concession term was 23 years. A special purpose vehicle Dali Luoweiyangye Bio-Environment Company Limited was established to implement the project.