Tus-Sound Environmental Resources Wins USD130 Mln PPP Bids for Sanitation and Road Projects

Yicai

2016-12-09

(Yicai Global) Dec. 9 – Tus-Sound Environmental Resources Co. [SHE:000826], an environmental protection services provider, won bids for two major public-private partnership projects, sanitation in Henan and a highway in Hunan in deals worth USD129.5 million.

Tus-Sound will provide an environmental sanitation service and landfill project in China’s Henan province as well as construct a highway in Hunan, with investments of CNY467 million (USD67.68 million) and CNY427 million (around USD 61.88 million), respectively.

The company will be granted a 25-year license for the provision of environmental sanitation and garbage collection in the downtown area of Xinye County, Henan province. The deal also entrusts them with the eight-year operating rights of landfill sites in the region.

Tus-Sound will begin construction next year of a 54-kilometer highway, starting from Daoxian and connecting to the Xiangyuan Hot Spring Highway in Hunan.