Qian'an Rmb1.9 billion Sponge City Construction PPP Project

6/4/2016
PPP, Project development

Rmb 1.9 billion

$ 275 million

Announced

6/4/2016


Overview:

  • Sponge City Construction was an initiative launched by the Chinese government as an approach to tackle water related problems in the cities of China.
  • The Qian'an Sponge City Construction PPP Project concerns wastewater treatment, water supply, river restoration, municipal transportation, country parks, information platforms and other facilities.
  • The municipal government decided to undertake this project under a public-private partnership (PPP) model.
  • The concept of a sponge city was born in 2013 and refers to cities that are like sponges: with an infrastructure that collects excess rainfall and integrates flood control in urban planning.

Adam Majeed - Regional editor

Jurisdiction:

China

Deal types:

PPP
Project development

Practice areas:

Project development
PPP/PFI

Industry sector:

Social infrastructure


Firm: