03 Feb 2013
Xinyi Surface Water Project Completed Stage I Transfer
(Hong Kong, 3 February 2013) China Everbright International Limited ("Everbright International" or the "Group") (HKSE:00257) is delighted to announce that Phase I of the Xinyi City Surface Water Project (the "Xinyi Surface Water Project" or the "Project"), acquired on a BT (Build-Transfer) mode, has recently completed its stage 1 transfer to the local government.
By strictly adhering to the philosophy of "First class quality, high standards, and outstanding efficiency," Everbright International constructed the Project by overcoming a number of technical difficulties, including, long-distance pipe ramming and pipe-laying. The Project has successfully satisfied all the requirements outlined in the contract on schedule and has obtained preliminary inspection approval.
Mr. Chen Xiaoping, Chief Executive Officer of Everbright International, said, "The Xinyi Project is a vital project for the Government to achieve its goal of improving drinking water quality for Xinyi citizens. Everbright International's participation in such an important project demonstrates growing recognition of the Group's ability and excellence. Moving forward, the Group will accumulate the invaluable experience in project construction and continue to develop more environmental protection projects, further strengthening the Group's competitiveness in China's environmental market."