EIB loan for water supply in China
The European Investment Bank is lending USD 26.5 million (EUR 22.7 million) to Chengdu General des Eaux - Marubeni Waterworks (CGDEM) for a water treatment plant in Chengdu, China.
CGDEM, is a joint-venture company between Compagnie Generale des Eaux Sahide (France), which belongs to the Vivendi Group, and Marubeni Corporation (Japan). Under the first foreign wholly owned pilot urban water supply BOT development in China, CGDEM is providing the engineering, procurement, construction and operation to increase potable water supply in Chengdu, the capital of Sichuan Province.
The treatment plant will be located at 30 km northwest of Chengdu and will have a capacity of 460 000 m³/day, adding 40% to existing capacity. The plant will be the highest quality bulk-treated water source in the municipality, home to about 10 million people, of which 3.2 million live in the city centre. At present, the Chengdu Municipal Waterworks General Company that operates the distribution network serves only about 1.8 million people. The investment will help to ease growing conflicts over resources, to improve water management efficiency and to increase awareness for environment protection.
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