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Jinan Water

Sector: Water Supply and Storage • Location: China

Source: World Bank Group

Project
Cancelled

In 1998, Cathay International Water (CIW), a subsidiary of Cathay International Holdings of Hong Kong, was awarded a 26-year contract for the construction and operation of 3 water treatment plants in Jinan city, Shandong Province. The Dongjiao, Nanjiao and Xijiao plants were to have a combined capacity of 900,000 cubic meters per day.

To implement the contract, a joint venture project company w

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The project “Jinan Water” is an infrastructure initiative in the Water Supply and Storage sector, located in China. Taiyo aggregates data on it from World Bank Group.

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Participants

Sponsoring Agency

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Company

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Status

Original status

cancelled

Taiyo status

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Taiyo last update

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Available timestamps

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Email

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Description

Description

In 1998, Cathay International Water (CIW), a subsidiary of Cathay International Holdings of Hong Kong, was awarded a 26-year contract for the construction and operation of 3 water treatment plants in Jinan city, Shandong Province. The Dongjiao, Nanjiao and Xijiao plants were to have a combined capacity of 900,000 cubic meters per day. To implement the contract, a joint venture project company was formed between CIW (80%) and the Jinan Municipality (20%). The total project cost was US$90 million. The project was given a guaranteed rate of return of 14.85%. However, in 2002 the Chinese Government ruled that guaranteed rates of return promised to investors for infrastructure projects were illegal and the project was subsequently canceled. None None

Original sub-sector

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Original Currency

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Original budget

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Location

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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More Details

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Article Published Date

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