Lv Liang City Water Reservoir and Piping Network

Active

Prospective

In October 2006, Asia Water Technology signed a build, own, operate (BOO) contract to construct a water supply and distribution facility in Lv Liang City, Shanxi Province, China. The project consisted of four water reservoirs of 10,000 cubic meters capacity each for a total of 40,000 cubic meters of water, and 60km of piping to supply Lv Liang City with 20 million cubic meters of water annually. Asia Water Technology was a Singapore-based and -listed company. It established Lv Liang Xinya Water Services Co. Ltd., the project company, with its wholly-owned Chinese subsidiary, Wuhan Kaidi Water Services Company. Asia Water was the sole owner and operator of the entire project, though 40.82% of the project was owned through Wuhan Kaidi Water; the remaining 59.18% was owned directly by Asia Water. Asia Water expected to invest RMB 256million (US$ 32.1million) in the project and expected to recoup its investment by charging a fee to use the water reservoir and piping network. The project was funded internally. The project was under construction as of February 2007.

Water and sewerage

World Bank Group

Project

Water Supply and Storage, Commercial, Government, Waste Processing and Treatment