Under the agreement signed on Monday, Tritech and Laifeng county will jointly construct, upgrade and expand the sewage treatment plant, which will have a capacity of 35,100 sq m a day, and its associated sewage pipe networks
This will be undertaken by a 51:49 owned project company to be established between Tritech Environment and Laifeng government-owned entity, Laifeng Country Urban Development and Investment Co. Ltd.
With a paid-up capital of about RMB189 million, the project company will be entitled to the profits of the project in full.
The project will have a construction-operation-transfer period of 30 years inclusive of a construction period of three years.
Shares in Tritech closed 26.2% higher at 5.3 cents on Tuesday.
Scroll to continue
