The Asian Development Bank is providing USD146.6 million to improve water supply and wastewater treatment infrastructure in China’s Songhua River.
The ADB assistance comprises a private sector loan, equity investment and complementary financing scheme. This will be managed by the Tongfang Water Engineering, an affiliate of Tsinghua Tongfang Co. Ltd.
The company will build and privatize water supply and treatment plants on the Songhua River basin, which will cater to 62 million people. The river is the third-largest in China and one of the country’s most polluted.