SIIC Environment subsidiary awarded BOT wastewater project in Jiangsu

SINGAPORE (Dec 13): Nanfang Water, a 91.2%-owned subsidiary of SIIC Environment Holdings, has been awarded a build-operate-transfer (BOT) contract for a wastewater project at HuangQiao Industrial Park in Taixin City, Jiangsu Province, China, by the industrial park's administrative committee. 

In a Wednesday announcement, SIIC Environment says the project entails the construction and operation of a wastewater treatment plant with a design capacity of 20,000 tons per day, with a Grade 1A discharge standard for a concessionary period of 30 years beginning from the agreement signing date.

While the total value of the contract was not specified, it is disclosed that the base tariff of the project is RMB5.83 ($1.20) per ton, which would be adjusted upon the relevant actual investment, production costs and taxes during the concessionary period.

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