
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.
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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.