The B-loan, which was increased from $120m, is the largest such loan arranged by ADB.
BEWG will use the proceeds of B-loan to acquire, build, upgrade, operate and maintain wastewater treatment plants in China.
The treated wastewater can be reused for both industry and urban environment requirements, including machine cooling, boiler operation, and cleaning at construction sites.
ADB East Asia unit private sector infrastructure finance head Hisaka Kimura said: "A prime objective of the B-loan is to perpetuate our development mission with partner banks to promote reuse of treated wastewater as a strategic option for sustainable water management.
"We are pleased to work with 13 leading banks to address the PRC’s water challenge."
The 13 banks that have signed the agreement include Australia and New Zealand Banking Group, the Bank of Tokyo-Mitsubishi UFJ, BPI Capital, Industrial and Commercial Bank of China (Asia), Rabobank International, OCBC Wing Hang Bank, Kookmin Bank, Aozora Asia Pacific Finance, State Bank of India, Chang Hwa Commercial Bank, KEB Asia Finance, Shinhan Asia, Taiwan Cooperative Bank.
ADB said the PRC’s increasing demand for water highlights water scarcity and per capita freshwater resources are low and annual per capita water endowments have been declining in the recent years.
Image: BEWG will use the proceeds of B-loan to acquire, build, upgrade, operate and maintain wastewater treatment plants in China. Photo: Courtesy of Toa55/FreeDigitalPhotos.net.
