The Project is to support BEWG for the development of eight wastewater treatment projects and four water treatment projects in China.
Listed on the Hong Kong Stock Exchange, BEWG is 44% owned by Beijing Enterprises Holdings Limited ( BEHL ), an investment vehicle of the Beijing Municipal Government.
At present BEWG
does not have any projects in the country, however it participated in a tender last December to build the second Newater plant at Changi.
ADB s support consists of a direct loan of $120 million equivalent in dollars and yuan for BEWG
and its subsidiary BEWG
Environmental Group Company Limited and a complementary loan of $120 million equivalent in dollars and yuan to be funded by commercial banks.
BEWG has strategically positioned itself as a "leading integrated water system solution provider".
With its first-tier expertise in project design, environmental protection facilities, and engineering consulting service, as well as the multiple advantages in core technology, technology research and development, strategic alliances, project management and financing channels, BEWG has successfully undertaken certain acquisitions by means of equity interest acquisition, TOT, BOT, entrusted management etc.
dollars for the Beijing-based company and its subsidiary, BEWG
Environmental Group, and a complementary loan of 120 million U.