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| WB
invests US$10m in water plant |
| The World Bank's private sector arm said last
Friday it has invested US$10 million to expand
a Chinese water and wastewater treatment plant.
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| The International Finance Corp. said it will
also assist Epure, a Singaporean holding company
that owns 75 percent of China's Beijing Sound,
in its proposed initial public offering on Singapore's
stock exchange. |
| "We are pleased to have IFC as a partner
at this critical stage in our development, and
we look forward to using our joint expertise to
expand water and wastewater treatment capacity
in China," Epure Chairman Wen Yibo said.
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| China is one of the world's 13 lowest-ranked
countries in per capita water resources, the United
Nations says, and these resources are expected
to drop as the population grows. |
| Only 40 percent of China's wastewater is treated
before disposal. The remaining 60 percent goes
untreated and ends up polluting the country's
rivers. |
| "IFC's investment in Epure will support
the development of China's water and wastewater
sector and will contribute to public health and
environmental improvements for the country's population,"
IFC infrastructure director Francisco Tourreilles
said. |
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