"Water distribution is a new frontier for private sector participation in Asia. A prime objective of B loan is to share our development mission with partner banks. We are pleased to work together with 18 banks for enhancing access to cleaner piped water in smaller cities," said Hisaka Kimura, Principal Investment Specialist in ADB's Private Sector Operations Development.
"Private sector can play a more important role in improving the efficiency and quality of city water services. Nevertheless, its participation in China's water sector remains low. We are glad to work together with ADB to accelerate our expansion of city water supply operations in the country. Our move echoes the government's initiative outlined in its Twelfth Five-year plan to upgrade and improve water domestic supply facilities and capacity, thereby making people better off," said Duan Chuan Liang, Chairman of CWA.
About ADB The Asian Development Bank, based in Manila, is dedicated to reducing poverty in Asia and the Pacific through inclusive economic growth, environmentally sustainable growth and regional integration. Established in 1966, it is owned by 67 members -- 48 from the region. In 2011, ADB approvals, including co-financing, totaled US$21.7 billion. In addition, ADB's ongoing Trade Finance Program supported $10.6 billion in trade.About CWA China Water Affairs Group Limited is principally engaged in waterworks investment and operations as well as other related businesses in the PRC, which include urban water supply, water supply systems management, meter installation and related value-added businesses. The Group's business network covers more than 20 cities in the PRC including Guangdong, Jiangxi, Henan and Jiangsu, with daily water treatment capacity of over 4 million cubic meters. It is listed on the Main Board of The Hong Kong Stock Exchange. For more information, please contact: