China, People's Republic of: Industrial and Municipal Wastewater Treatment Project
A senior loan of up to $60 million to finance the development and operations of wastewater treatment plants for industrial and municipal wastewater
Guadix Martin, Pablo A.
Private Sector Operations Department
Request for information
China, People's Republic of
|Project Name||Industrial and Municipal Wastewater Treatment Project|
|Borrower/Company||Maxwealth Financial Leasing Co., Ltd.
|Country||China, People's Republic of
|Type or Modality of Assistance||
|Strategic Agendas||Environmentally sustainable growth
Inclusive economic growth
|Drivers of Change||Private sector development
|Sector / Subsector||
Finance / Finance sector development
Water and other urban infrastructure and services / Urban sewerage
|Gender Equity and Mainstreaming||Some gender elements|
|Responsible ADB Department||Private Sector Operations Department|
|Responsible ADB Division||Portfolio Management Division, PSOD|
|Responsible ADB Officer||Guadix Martin, Pablo A.|
|Description||A senior loan of up to $60 million to finance the development and operations of wastewater treatment plants for industrial and municipal wastewater|
|Objectives and Scope||The project entails ADB providing long-tenor financing to MWFL for lease finance to wastewater treatment plants for industrial and municipal wastewater treatment in the PRC. ADB's financing will meet MWFL's funding requirements for long-term funding, which is in short supply in the PRC. This will enable the company to provide longer-tenor lease finance to wastewater treatment plants.|
|Status of Development Objectives||In progress|
|Status of Operation/Construction||Operation. The loan has been fully disbursed.|
|Linkage to Country/Regional Strategy||The project is consistent with ADB's country partnership strategy, 2016 2020 for the PRC, as it will support the government's reform agenda to manage environmental challenges to reduce water pollution, and to finance private sector projects with innovative technologies and business models to support green cities development|
|Summary of Environmental and Social Aspects|
|Environmental Aspects||The project is also aligned with ADB's Strategy 2030 and supports the two operational priorities: (i) tackling climate change, building climate and disaster resilience, and enhancing environmental sustainability; (ii) making cities more livable.|
|Involuntary Resettlement||MFWL's wastewater treatment leasing business is not expected to involve new land acquisition and/or significant land acquisition and involuntary resettlement impacts as its leases are for wastewater treatment equipment and pipelines of wastewater treatment plants which have completed civil construction work.|
|Indigenous Peoples||Development and operation of wastewater treatment plants of MWFL clients will not directly or indirectly affects the dignity, human rights, livelihood systems, or culture of Indigenous Peoples or affect the territories or natural or cultural resources that Indigenous Peoples own, use, occupy, or claim as an ancestral domain or asset.|
|Stakeholder Communication, Participation, and Consultation||Arrangement for stakeholder engagement, meaningful consultation and grievance redress procedures will be included in the ESMS.|
|Timetable for assistance design, processing and implementation|
|Concept Clearance||16 Apr 2019|
|Credit Committee Meeting||10 Jul 2019|
|Approval||06 Sep 2019|
|Last PDS Update||02 Aug 2021|
Project Data Sheets (PDS) contain summary information on the project or program. Because the PDS is a work in progress, some information may not be included in its initial version but will be added as it becomes available. Information about proposed projects is tentative and indicative.
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|Title||Document Type||Document Date|
|Industrial and Wastewater Treatment Project: Report and Recommendation of the President||Reports and Recommendations of the President||Aug 2019|
|Industrial and Wastewater Treatment Project: Initial Poverty and Social Analysis||Initial Poverty and Social Analysis||Jul 2019|
Safeguard Documents See also: Safeguards
Safeguard documents provided at the time of project/facility approval may also be found in the list of linked documents provided with the Report and Recommendation of the President.
None currently available.
Evaluation Documents See also: Independent Evaluation
None currently available.
None currently available.
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ADB, Maxwealth Financial Leasing Sign Loan Deal to Improve Wastewater Treatment in PRCADB today signed a $60 million loan deal (in Chinese Yuan equivalent) with Maxwealth Financial Leasing Co., Ltd. to improve municipal and industrial wastewater treatment capacity and standards in the People’s Republic of China...