Private Sector Projects Overview
Approval: 1999
Cost: $107million
ADB Loan: $26.5million
One of ADB's objectives in the water sector is to encourage private investments by world-class companies.
The water treatment plant - capacity 400,000 cubic meters per day - was built built in Chengdu, Sichuan Province.
It is the first water supply project in the PRC built by the private sector, in which the sponsor was selected through transparent international competitive bidding process.
The project sponsors, Vivendi of France and Marubeni of Japan, brought state-of-the-art technology and project management skills. This build-operate-transfer (BOT) project has received three international awards for excellence.
Technical assistance was provided by ADB: sponsor selection, documents preparation and water tariff development. As the financial advisor, ADB also helped to structure and to arrange financing, and to evaluate the project.
The European Investment Bank and a syndicate of commercial banks provided co-financing.
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Approval: 1991
ADB Investment: $10 million
The Xiamen International Bank, founded in 1985, was the first international joint venture bank in the PRC. It was also the first ADB private sector project in the PRC.
ADB holds a 10% share, and it has a representative on the board of directors. ADB helps to bring best governance practices to the bank.
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Approval: 1992
Cost: $352 million
ADB Loan: $50 million
The Guangzhou Pearl Power Plant was one of the first joint venture power projects in the PRC. It began commercial operations in 1994 and has been operating profitably.
In 1999 the project received the "National First Class Power Plant" award.
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Approval: 2000
ADB Investment: $25 million
Access to capital is a major constraint to private sector development in the PRC.
The $150-million New World Liberty Fund makes equity investments in private companies and encourages adoption of best corporate governance practices.
Its investment priorities are in the health care, consumer goods, building materials, and automotive services sectors. The Fund's sponsors are ADB, the Liberty Mutual Group and the New World Group.
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