The Asian Development Bank (ADB) is investing $4 million in a new company that will help promote public-private partnerships in water supply and sanitation in the People’s Republic of China (PRC). The new company, Asia Infrastructure Project Development Company (AIPC), will help local governments develop projects in water supply, sanitation and wastewater treatment by providing feasibility assessments, planning, design and other services.
“AIPC will be an innovative one-stop shop that provides the necessary resources and expertise to identify and develop projects from the time they are being drawn up until they are completed and are being considered for public-private partnership undertakings,” said Seethapathy Chander, Deputy Director General of ADB’s Private Sector Operations Department.
Source: Asian Development Bank – ADB invests US$4m for water projects in China