Da Nang People’s Committee Chairman Huynh Duc Tho recently met with representatives from the UK’s Biwater Holdings Limited to hear about this business’ proposal to implement a water environment improvement project in the city.
According to Biwater’s representative, practical survey results showed that constant runoff of untreated wastewater from the existing overloaded wastewater collection system has polluted tourist spots and beaches along the coastline and seriously affected the image and tourism industry of Da Nang.
The company’s project proposal included the building and installing new pipelines to collect and store the runoff of water then pumping back to Son Tra and Phu Loc wastewater treatment plants (WWTP) for further treatment; upgrade the current capacity of Son Tra and Phu Loc WWTPs to meet the actual demand after 2022; and provision for expansion of Phu Loc WWTP under Phase 2 for additional treatment capacity of 29,000 m3/day at the same site.
The proposed project will be financed by the UK Export Finance (UKEF) with an amount of up to maximum 85% of contract value, equivalent to 200 million USD with Euro loan facility and interest rate per annum will be 2.5% p.a. The UKEF loan will have door-to-door tenor of up to 21 years with 5-year construction period and 16-year repayment period.
In reply, Chairman Huynh Duc Tho remarked that, over recent years, the city authorities have appealed for investors from both home and aboard to develop their sustainable and effective water environment improvement projects in the locality. The host re-affirmed the city authorities’ great support for such meaningful projects. He, however, underlined the importance of Biwater’s carefully choosing the most effective financial option for the project.
It is report that Biwater Holdings Limited has 50 years of experience with more than 25,000 water and wastewater treatment projects completed in over 90 countries. It has awarded with numerous international awards such as “Water Company of the Year 2016” and “Wastewater Project of the Year 2016”. The company was involved in the 200 million USD Yen So Park STP in Ha Noi’s Hoang Mai District in 2013.