Kangda Environmental (IFC-35243)

Countries
  • 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
Proposed
Bank Risk Rating
B
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 18, 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.
Borrower
Kangda International Environmental Company Limited
The holder of the loan, grant, or other investment.
Sectors
  • Construction
  • Infrastructure
  • Water and Sanitation
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 100.00 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)
$ 196.40 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS Jul 24, 2017

Disclosed by Bank Nov 16, 2015


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Project Description
This project finances capital expenditures for Kangda International Environmental Company Limited, including upgrades and expansion of existing wastewater treatment plants and construction of new wastewater treatment plants.
Investment Description
  • International Finance Corporation (IFC)
Established in 1996 as an EPC company and entering into its first wastewater treatment project under the BOT model in 2003, Kangda International Environmental Company Limited has grown into a leading local privately-owned company for investing in and operating a total of 62 wastewater treatment projects and 1 water service project under service concession arrangements in China. It had an aggregate design capacity of 2.5 million tpd as at 30 June 2015 and accounted for about 1.3% of the municipal wastewater treatment market in China.
Contact Information
Mr. Tianci Wang CFO #72, Starlight St, High-tech Industrial Park, North New District Chongqing China Phone: 86-23-61867898 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/