| Type |
Complementary Financing Scheme |
| Borrower |
Chengdu Generale des Eaux-Marubeni Waterworks Co., Limited |
| Cofinanced Amount |
$21.5 million |
| Tenor |
12 years, including a 3 year grace period |
| Syndicate |
7 commercial lenders |
| Project Financing |
| Debt: ($ million) |
| ADB direct loan | 26.5 |
(15 years) |
| ADB CFS loan | 21.5 |
(12 years) |
| EIB direct loan* | 26.5 | (12 years) | | Subtotal | 74.5 |
| Sponsors |
| Equity: | 31.9 |
| Total | 106.4 |
| * Commercial banks provided the European Investment Bank (EIB) with a commercial risk guarantee. |
|
| Use of Proceeds |
Construction of a modern water supply plant in the People's Republic of China (PRC) with a capacity of 400,000 cubic meters per day, providing reliable water to nearly three million residents of the city of Chengdu. Ownership of the plant will be transferred to the Chengdu municipal government after 18 years. |
| Project Sponsors |
Vivendi (France) and Marubeni Corporation (Japan) |
| Remarks |
The project was the first BOT water supply project in the PRC, the first project financing to rely on municipal credit risk in the PRC, and the first private sector water project financed by ADB. The financing transaction won "deal of the year" awards from Project Finance International and Finance Intelligence Asia. |
Opportunities 
Top of page