SINGAPORE (Dec 2): China Everbright Water announced Monday it has secured two waste water treatment projects with a total investment of approximately RMB279 million ($54 million).

The group says it has recently entered into a concession agreement with the Housing and Urban-Rural Development Bureau of Zhuanghe City in Liaoning Province, China for the Dalian Zhuanghe Waste Water Treatment Project (Zhuanghe Project) Phase II.

By adopting a TOT (Transfer-Operate-Transfer) model, Zhuanghe Project Phase II commands an investment of approximately RMB140 million with a concession period of 20 years

Located in the same plant area with Zhuanghe Project Phase I, Zhuanghe Project Phase II has a designed daily waste water treatment capacity of 50,000 cubic metres.

Separately, the company has also entered into a concession agreement with the Housing and Urban-Rural Development Bureau of Ju County in Rizhao City, located in China’s Shandong Province, for the Ju County Urban Waste Water Treatment Project.

 The project, which has a designed daily waste water treatment capacity of 80,000 cubic metres, commands an investment of approximately RMB139 million with a concession period of 25 years.

As at 11.13am, shares in China Everbright Water are trading flat at 31.5 cents.