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中國水務(00855.HK):湖北分質供水與安陸資本投資訂合作協議

China Water Affairs (00855.HK): cooperation agreement between Hubei sub-quality water supply and ANLU capital investment

即市頭條 ·  Jan 10, 2022 17:50

China Water Affairs (00855.HK) announced that Hubei sub-quality water supply and ANLU capital investment have entered into a cooperation agreement on strategic cooperation in the direct drinking water project in Anlu City, Hubei Province.

According to the cooperation agreement, Hubei sub-quality water supply and ANLU capital investment will jointly invest in the construction of pipeline direct drinking water supply system in Anlu City, Hubei Province. These projects are to be carried out in stages, and the short-term goal is to connect high-quality piped direct drinking water to urban communities, schools, hospitals, government agencies and enterprises within about three years. The long-term goal is to build Anlu City into the first city with almost full coverage of direct drinking water in Hubei Province. It is expected that the piped direct drinking water system will cover approximately 400000 people with a daily direct drinking water supply capacity of about 1200 tons. The contracting parties will set up a joint working group to negotiate specific terms of cooperation. These projects are expected to be carried out by a joint venture with ANLU Capital Investment, while Hubei Water supply of different quality will hold a 60 per cent stake in the joint venture.

The company believes that the prospect of China's pipeline direct drinking water business is huge and in line with the new concept of green and low-carbon development. The Group currently has water supply and pipeline direct drinking water projects in Hubei. The cooperation agreement represents the Group to further expand its direct drinking water business in Hubei and will strengthen regional synergy.

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