Epure International says wholly-owned subsidiary, Beijing Sound Environmental Engineering Co., has won a Build, Operate and Transfer (BOT) municipal project in Yantai City, Shandong Province.

The project is expected to have a treatment capacity of up to 50,000 tonnes of wastewater per day. The total investment is estimated to be about RMB120 million ($25 million). The concession period is 25 years.

A joint venture company will be incorporated to undertake the project. Beijing Sound will have 80% stake in the joint venture with Shandong Rendeya Environmental Engineering Co. taking the remaining 20%.

The transaction is expected to have a material impact on the net earnings per share and the net tangible assets per share of the company for the financial year ending Dec 31 2010.