CTEG Water (IFC-34756)

  • China
Geographic location where the impacts of the investment may be experienced.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Dec 14, 2015
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
  • Construction
  • Infrastructure
  • Water and Sanitation
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 37.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Project Cost (USD)
$ 58.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Bank Documents
Primary Source

Original disclosure @ IFC website

Updated in EWS Jul 26, 2017

Disclosed by Bank Nov 12, 2015

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.
This project finances the development of three industrial wastewater treatment projects in China.
Investment Description
Here you can find a list of individual development financial institutions that finance the project.
CT Environmental Group Limited is a fast growing provider of centralized wastewater treatment and industrial water supply services in China, with a focus on textile and dyeing industries. In addition to industrial water supply and wastewater management, its services also include sludge treatment and re-utilization, general industrial waste treatment, hazardous waste treatment and disposal, as well as municipal solid waste collection and treatment for waste-to-energy. CT Environmental Group Limited is listed on the Hong Kong Stock Exchange. As at 3 November 2015, it was 55.8% owned by Mr. TSUI Cham To, Chairman of the Company. The next largest shareholders include Mr. GU Yaokun (founder of a subsidiary of the Company) (6.8%) and GIC Private Limited (5.9%). The remainder shareholders account for less than 5% each. The three projects to be financed by IFC are directly or indirectly held by Guangzhou Xintao Wastewater Treatment Company and Huaiji Chongto Environmental Enterprises Company Limited, both of which are wholly owned subsidiaries of CTEG incorporated in China.

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.
Contact Name: Ms. Shanshan (Sasha) Zeng Address: Room 2, 19/F, R&F Centre, 10 Huaxia Road, Zhujiang New Town, Tianhe District, Guangzhou, China Tel: +86-20-88836077 Fax: +86-20-38928700 Email: mailto:sasha.zeng@chongto.com.cn Website: http://www.chongto.com/ ACCOUNTABILITY MECHANISM OF IFC The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org. You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org/

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How it works