China's Largest Sewage Treatment Factory to Be Run Privately

Home>>Life

Last updated at: (Beijing Time) Wednesday, June 05, 2002

China's Largest Sewage Treatment Factory to Be Run Privately

DISCUSSION

CHINESE

SEND TO FRIEND

A privately-owned company is to finance, construct and operate China's biggest sewage treatment plant, the Shanghai Zhuyuan No. 1 Sewage Treatment Factory, over the next 20 years, according to a cooperation contract signed Wednesday in Shanghai.

The Shanghai-based Youlian Enterprise Development Company, together with two other companies, will invest 870 million yuan in the project, aiming to increase Zhuyuan's daily treatment capacity to 1.7 million tons within the contractual period.

The new move shows local governments' increasingly open attitude towards the privatization of the public water treatment industry, a field that is traditionally monopolized by state-owned enterprises, local officials say.

Experts said that private capital will not only solve the financial difficulties faced in the treatment of urban sewage but will also help to establish a new administration system for the treatment of sewage.

Sources said that Youlian and its partners'tender was much lower than the current market cost for sewage-treatment, demonstrating the private investor's confidence in profiting from the newly-opened public water industry.

Questions?Comments? Click here

Japanese, Chinese Economy Combined to Overtake US in 20 Years ( 91 Messages)

US Taiwan Acts Jeopardize Sino-US Ties: Analysis ( 64 Messages)

'Kunlun' Jet-engine to Power China's Airforce ( 14 Messages)

China Wins Contract to Build Another "Three Gorges" Dam in Africa ( 8 Messages)

China's Economy will be World's Second-largest by 2030: Report ( 12 Messages)

Asymmetric Trial of Strength: Commentary ( 4 Messages)