Sound Global secures two new sewage treatment BOT projects
- Sewage plant in Sanming City, Fujian Province
- Construction of 12 sewage treatment plants in Xishui County
Sound Global Ltd., one of China's leading turnkey water & wastewater treatment solutions providers, has announced that it has won two Build-Operate-Transfer (BOT) projects in China: a project to build 12 sewage treatment plants in Xishui County and the sewage treatment plant of Sanming City.
The first project involves the construction of sewage treatment plants for 12 villages and townships in Xishui County. The build, operate and transfer (BOT) model will be adopted for the investment, construction, operation and transfer of these plants, and the build and transfer mode will be used for the investment and construction of the ancillary drainage network. The project cost is estimated at RMB260 million (US$42.4 million) and the concession period granted to the company is 30 years.
The second project will be developed on a build, operate and transfer (BOT) basis for a period of 31 years (inclusive of 1-year construction period). The sewage plant will be located at the Sanming Taiwanese Investment Zone of Sanming City, Fujian Province. The long-term and short-term designed daily treatment capacity of the project will be approximately 45,000m3/day and 15,000 m3 /day, respectively. The project cost is estimated at RMB50.64 million (US$8.25 million).
Mr. Wen, Chairman of Sound Global, said:
"Sound Global has continued to make new achievements after winning the sewage treatment plant BOT project in Hebei, Anhui, Xinjiang, Jiangsu and Shandong recently.
Sound Global has successfully won the bid for the sewage treatment plant BOT project for Jikou New Emerging Industries Park (Phase I) of Sanming City, which will have significant positive impact on its market positioning in Mainland China, especially the sewage treatment market in the Southeast region. Sound Global will fully leverage on its competitive edge in technology, capital, management and complete industry chain to provide effective solutions for sewage prevention and treatment in Fujian Province.
In addition, Sound Global, as a leader in China's water industry, will achieve better and steady development in the domestic water market."
In 2006, Sound Global diversified into the management of water treatment plants. It has also invested in BOT projects to diversify its project portfolio. The Group acquired Beijing Hi-Standard Water Treatment Equipment Co., Ltd, progressing towards its aspiration of becoming a fully integrated services provider. Sound Global was named one of the Top Ten Influential Water Industry Engineering Companies in China in 2007 and ranked first among the Top Ten Outstanding Engineering Companies in 2009.