The amount includes the expansion of the first stage of the third phase, new reclaimed water plant project as well as new pre-treatment facilities for a concession period from April 7 to Dec 31, 2046.
SEE:SIIC Environment in $21.1 mil joint venture to build Shandong WTE facility
The Pinghu City Eastern project has a total designed capacity of 220,000 tonnes per day. Its first and second phases with a total designed daily capacity of 85,000 tonnes have already commenced commercial operation.
The third phase has a total designed daily capacity of 135,000 tonnes.
According to SIIC, the signing of the agreement is expected to contribute positively to its performance.
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Shares in SIIC closed flat at 21 cents on April 16.
