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Tuesday, 11 January 2011

Hyflux to invest US$45m in 3 BOT projects in Chongqing, China


Hyflux Ltd said on Tuesday that it will invest about US$45 million in three Build-Own-Transfer (BOT) projects at the Hechuan Industrial Park in Chongqing City, China.

The move comes after Hyflux's subsidiaries have signed three concession agreements with the People's Government of Chongqing City, Hechuan District to develop three water projects at the Hechuan Industrial Park in Chongqing City, China.

Hyflux will fund the investments through internal resources.

Hyflux through its subsidiary in China will operate and maintain the plants over the concession periods of 30 years.

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