China Water Company and Yancheng Municipal Government

The China Water Company Limited is majority owned by Cascal which is part of the Biwater Group - a privately owned British company. With a turnover of $400m and more than 4500 staff, Biwater has a history of designing and building over 1000 water and wastewater systems in more than 90 countries around the world. Focusing on the ownership and long term operation of water infrastructure, Cascal is a market leader its sector with more than 15 project companies in 7 countries spread across 4 continents. As part of its long term growth strategy, China Water is working with the Yancheng Government to convert the state owned local water company into a Public Private Partnership (PPP). Through a competitive bidding process, China Water earned the right to acquire a 49 % stake in a new Equity Joint Venture which will be granted a 30 year concession to deliver water services in Yancheng City. In addition, China Water has proposed an improvement strategy designed to bring Yancheng's water service in line with 'best in class' standards. The new company will employ nearly 600 people over the first five years of operation; turnover over the same period is expected to be an average of Rmb 87.5 million per year. China Water

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