CDT establishes partnership with Fortune Global 500 company’s subsidiary

CDT Environmental Technology Investment announces the formation of a consortium with a wholly-owned subsidiary of a Fortune Global 500 company to jointly bid for a substantial sewage treatment plant project in Hengqin, China. CDT’s partner subsidiary is a key participant in China’s Belt and Road Initiative, with a multi-billion yuan asset-base and currently with an extensive portfolio of international projects underway, primarily in Asia and Africa. The total contracted value is estimated to be worth approximately 1.16 billion Yuan, USD $160 million, upon award. The Hengqin project, which is being spearheaded by the Chinese government under an approved budget of 1.16 billion Yuan, consists of three phases, which are expected to ultimately establish a 400,000 tons/day water purification facility spanning 16.4 hectares. Phase 1 aims to achieve an initial treatment capacity of 100,000 tons/day. Under the consortium structure, the companies will each leverage their respective strengths by splitting project scopes, with one party potentially leading civil works while the other focuses on equipment supply and process engineering.