Tuesday 21 October 2014

China lent $288m for wastewater treatment

China is to get loans worth $288 million (£179m) to help the nation promote high standard wastewater treatment and reuse.

The Asian Development Bank (ADB) has signed an agreement with 13 banks to support Beijing Enterprises Water Group's (BEWG) project.

The firm will use the cash to upgrade and operate wastewater treatment plants across the country to meet the ‘Grade 1A standard’ – the most stringent wastewater treatment standard in China.

The treated wastewater can then be reused for both industry and urban environment needs, including machine cooling, boiler operation and cleaning at construction sites.

Hisaka Kimura, ADB Head of Private Sector Infrastructure Finance, East Asia Unit said: “A prime objective of the B-loan is to perpetuate our development mission with partner banks to promote reuse of treated wastewater as a strategic option for sustainable water management.”