Project detail - BEIJING ENTERPRISES WATER GROUP LTD

BEIJING ENTERPRISES WATER GROUP LTD

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Who is our client

FMO participates in an IFC arranged syndicated term facility for Beijing Enterprises Water Group LTD (BEWG), one of China's largest water companies with over 300 water treatment plants.

Funding objective

The facility will be used to finance the construction of eight wastewater treatment plants and four water distribution facilities in China.

Why we fund this project

The transaction fits well with FMOs strategy to stimulate a greener economy and foster inclusion of the poor. About 50 percent of the investment relates to wastewater treatment and the other 50 percent will be invested in water distribution facilities which will provide first-time access to high quality (potable) water in areas with a high concentration of low-income households (under USD 8 per day). Clean water will also indirectly contribute to Chinese economic development by increasing food safety and health standards.

Website client
http://www.bewg.com.hk/eng/global/contact.htm
Region
Asia
Country
China
Sector
Agribusiness, Food & Water
Signing date
12/18/2015
Total FMO financing
USD 15.00 MLN
Fund
FMO
Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk Environmental & Social Category
(A, B+, B or C)
B+