CTEG Water (IFC-34756)

  • China
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
Bank Risk Rating
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Dec 14, 2015
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
The holder of the loan, grant, or other investment.
  • 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, etc.
Investment Amount (USD)
$ 37.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. 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, converted to USD$. Please see updated project documentation for more information.
Bank Documents
Primary Source

Original disclosure @ IFC website

Updated in EWS Jul 26, 2017

Disclosed by Bank Nov 12, 2015

Contribute Information
Can you contribute information about this project?
Contact the EWS Team

Project Description
This project finances the development of three industrial wastewater treatment projects in China.
Investment Description
  • International Finance Corporation (IFC)
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
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/