ADB agrees $200m loan to improve wastewater management in China

The Asian Development Bank (ADB) has signed a loan equivalent of up to $200 million to help China Water Affairs Group Limited improve wastewater management in China. The financing will support the construction and operation of a series of public-private partnership initiatives covering a combination of water treatment and distribution, wastewater treatment, and sewage and drainage pipelines in second and third-tier cities. ADB financing is made up of two loans of up to $100 million each in US dollars and yuan.