TRITECH Group's wholly-owned subsidiary Tritech Environmental Group has signed a partnership agreement for a project worth 727 million yuan .
The project involves the construction, upgrading and expansion of a sewage treatment plant and associated sewage pipe networks. It was awarded by an authority in Laifeng county, Hubei province in China. The project will be undertaken by a joint company to be incorporated by Tritech Environment with a 51 per cent stake, and government-owned entity Laifeng Country Urban Development and Investment with a 49 per cent stake. The paid-up capital will be about 189 million yuan.
The project's estimated investment amount includes the construction investment of about 631 million yuan and sewer infrastructure assets of about 96 million yuan, to be transferred to the project company.The construction period is three years, with a construction-operation-transfer period of 30 years, including the three-year construction period.
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Source: BusinessTimes - 🏆 15. / 51 Read more »
Source: BusinessTimes - 🏆 15. / 51 Read more »
Tianjin Zhong Xin posts net profit of 567.8m yuan for FY2018TIANJIN Zhong Xin Pharmaceutical Group has posted a net profit of 567.8 million yuan (S$114.7 million) for FY2018, up 20 per cent from 473.3 million yuan a year ago, lifted by interest income and gains from associated companies Sino-American Tianjin Smithkline & French Lab and Tianjin Hong Ren Tang Pharmaceutical Co. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »