Zhitong Finance App News, China Construction (601668.SH) issued an announcement. Recently, China Construction International Group Co., Ltd. (stock code: 03311.HK), a subsidiary of the company, formed a consortium with France's Veolia Group to form a consortium, and the Hong Kong New Territories West Landfill Expansion Plan project has entered the implementation stage.
The project is located in Nim Wan, Tuen Mun, New Territories, Hong Kong. Using the design, construction and operation (DBO) model, it is expected to provide about 76 million cubic meters of landfill capacity and handle about 10,000 tons of solid waste per day. The project contract amount is approximately HK$61.1 billion, equivalent to approximately RMB 56.4 billion, for a total contract period of 58 years. The project covers construction site leveling, installation of landfill leak cushion systems, construction and installation of leachate sewage treatment and landfill gas management systems, environmental monitoring, landfill operation, repair and care, etc. The project contract amount accounts for about 2.7% of the company's 2022 audited revenue.
After completion, the project will provide an important basic guarantee for urban construction and population growth in Hong Kong's “Northern Metropolitan Area”. It is in line with the company's development strategy and is conducive to enhancing the company's international competitiveness and brand influence in the field of environmental protection project construction and operation.