SINGAPORE (Apr 4): China Everbright Water says it has secured three sub-projects worth a total of RMB1.522 billion ($317 million) under the Ji'nan Zhangqiu Urban-Rural Integration Water Supply Project in the Shandong Province of China.

To recap, Everbright Water won the bid for the overall integration project in March 2017, which comprises various sub-projects and is estimated to command an investment of approximately RMB3.1 billion.

See: China Everbright Water wins $628.6 mil water supply project contract in Shandong

The first sub-project to be executed under the Zhangqiu Integration Water Supply Project, Zhangqiu Yellow River Water Transfer and Water Resource Replenishment Project, commands an investment of approximately RMB392 million.

It is currently under construction and covers the construction of 22km of water pipeline and two water supply plants with a combined daily processing capacity of 100,000 sqm.

Another sub-project is Phase 1 of the Zhangqiu Baiyun Water Plant Water Supply Project, which has a total designed daily water supply capacity of 200,000 sqm. In its first phase, the sub-project commands an investment of approximately RMB1.08 billion with a designed daily water supply capacity of 100,000 sqm.

This is expected to meet daily water demand from the local areas including: the downtown areas, western urban areas, Chengdong Industrial Park and villages and towns in the central northern areas of Zhangqiu District, says Everbright Water.

Meanwhile, the Zhangqiu Chengdong Industrial Water Supply Project sub-project comes with an investment of approximately RMB50 million. It involves the construction of 7.7km of water supply pipeline, will supply water from the water sources to the Chengdong Industrial Park.

All three sub-projects will be invested and constructed based on a build-operate-transfer (BOT) model.

“Everbright Water will further expand and enhance the cooperation in water supply and other water environment management areas in Zhangqiu District to satisfy the local water supply demand,” says An Xuesong, Deputy General Manager of China Everbright International, Executive Director and CEO of Everbright Water.

“In addition, Everbright Water will optimise the management and utilisation of local water resources, support the formation of a circular water supply system, and enhance the living environment and sustainable development of the district,” he adds.

As at 1.01pm, shares in Everbright Water are trading 1.2% lower at 42.5 cents.