ADB Okays $250m Aid for China, $123m Loan for PH Water Projects

Posted in: Global News
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Photo Credit: Deal street Asia

Article courtesy of Tomas S. Noda III | March 22, 2016 | Deal street Asia | Shared as educational material

The Asian Development Bank (ADB) has extended a $250-million facility to support China’s drive to treat harmful industrial waste water and sludge generated by small and medium-sized enterprises (SMEs). CT Environmental Group, which will get the assistance, is a pioneer in wastewater and sludge treatment for SMEs in various industrial sectors in China. ADB’s assistance includes a $100-million equivalent ordinary loan and a $150-million equivalent complementary loan in US dollars and yuan, funded by commercial banks, with ADB acting as lender of record. CT Environmental Group will use the loan funds to build, own, and operate a series of specialized industrial wastewater and sludge treatment plants in designated areas, which will be determined by local governments. Read more online: http://bit.ly/2f5Fs7d

 

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