China Mobile (Hong Kong) confirmed that it is to buy eight provincial networks from its parent for US$10.2bn. The provinces are all located inland, next to the 13 prosperous coastal provinces where the New York- and Hong Kong-listed company operates its current business (see page 16). In a separate development, UK mobile phone operator Vodafone […]
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Shanghai has launched two major watercourse treatment projects as part of a plan to develop the city’s inland river shipping, reported China Daily. The 50km Dalu Waterway is currently a bottleneck, starting at the Huangpu River and ending at Harbour City in southwest Shanghai. This Yn2.4bn project involves increasing ship capacity and should be completed […]
Tianjin port is to spend Yn1.5bn in 2002 on increasing its capacity, reported Xinhua. Work this year will include the second-phase construction of a navigational channel for large vessels with a capacity of up to 100,000 tons, the building of two docks for bulk goods and the conversion of a former coal terminal into a […]
Vivendi Environment, the world’s largest water company, is to buy half of a Shanghai water treatment plant for US$239m from the city government. Under the deal,Vivendi will take a 50 per cent stake in Shanghai Municipal Water Works Pudong Co, which supplies water to 1.7m users in the city’s Pudong district. The joint venture will […]
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Beijing to start first BOT project
Anglian Water of the UK and Japan’s Mitsubishi Corporation are poised to start a build-operate-transfer water project with the Beijing municipal government, reported Nihon Keizai Shimbun. The US$200m project will involve building a 75km pipeline connecting the northern and southern parts of the city, along with water procurement and purification facilities. The foreign partners will […]