Original disclosure @ IFC website
Updated in EWS Mar 24, 2021
Disclosed by Bank Mar 22, 2021
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According to the bank document, IFC provides loans to China Cube Water (“CCW” or the “Company”) to " support the company’s maintenance, upgrade and expansion of its wastewater treatment plants (WWTP), and repayment of existing project-level debt.
IFC’s loan will support the upgrade and expansion of the following WWTPs:
- Upgrade of Henan #2 plant in Yongcheng County, Shangqiu City, Henan Province
- Expansion of Henan #3 plant in Yongcheng County, Shangqiu City, Henan Province
- Upgrade and expansion of Henan #4 plant in Yongcheng County, Shangqiu City, Henan Province
- Upgrade and expansion of Henan #5 plant in Yongcheng County, Shangqiu City, Henan Province
- Upgrade of Henan #6 plant in Yichuan County, Luoyang City, Henan Province
- Upgrade and expansion of Shaanxi plant in Xianyang City, Shaanxi Province".
"Total project cost is estimated at RMB515 million (~US$79.2 million), which is to be financed by a combination of IFC and other DFI’s loan, plus the Company’s equity".
"IFC’s proposed investment consists of an IFC A loan of up to RMB210 million (~US$32 million) and parallel loan of RMB210 million from other development finance institutions to support a long-term IFC partner, I Squared Capital (“ISQ” or the “Sponsor”), for its wastewater platform in China, through its wholly-owned investment arm, China Cube Water (“CCW” or the “Company”).
IFC and ISQ’s partnership extends across areas such as highways, energy, telecom in both Asia and Latin America (i.e. Project #34415 Cube Highways, #38489 Orazul Energia, #42316 Nautilus Energy, #42218 Link Net, and #43574 TOT Bundle 3)".
|Private Actor 1||Private Actor 1 Role||Private Actor 1 Sector||Relation||Private Actor 2||Private Actor 2 Role||Private Actor 2 Sector|
|-||-||-||-||China Cube Water Ltd.||Client||-|
|-||-||-||-||I Squared Capital||Client||-|
1/ The Project Contact
China Cube Water Limited
Contact: Jing Li
Title: Chief Finance Officer
Tel: (86) 025-52787862
Address: #606 No.2 Building, Yuhua E-Park,
No.109 Ruanjian Avenue, Nanjing, China
2/ The IFC Contact
General IFC Inquiries
2121 Pennsylvania Avenue, NW
Washington DC 20433
3/ Local Access for Project Documentation
Company: China Cube Water Limited
Point of Contact: Jing Li
Telephone Number: (86) 025-52787862
Mailing Address: #606 No.2 Building, Yuhua E-Park, No.109 Ruanjian Avenue, Nanjing, China
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