Great News | The Dali Erhai Lake Project was Selected an Example of Case Study: Multi-bilateral Loans Projects Published by Ministry of Finance

The numerous waves of coronavirus and the intensification of geopolitical conflicts have brought new challenges to international business cooperation. At this moment, combining domestic development with international cooperation and making full use of the resources is an effective way to promote construction in the new stage. Recently, the book Case Study: Multi-bilateral Loans Projects compiled by the Department of International Economic and Financial Cooperation of the Ministry of Finance was officially published and Group’s Dali Erhai Lake Project was chosen among 31 provinces funded by International Financial Institutions.

Reported by governments and central enterprises across the country, there are more than 100 international financial organizations and foreign government loans projects. And finally, 35 were chosen as the exemplary cases for their innovation in engineering technology, management model and strategic concept since the reform and opening up. These exemplary cases cover a wide range of areas concerning economic construction and social development, such as energy, transportation, industry, agriculture, environmental protection, medical and health care, education and so on.

With analysis of the innovative measures and practices, this book deserved to be studied by governments of all levels as well as international financial organizations. Yu Weiping, Deputy Minister of Ministry of Finance, wrote the preface to the book. He speaks highly of the selected projects for their exemplary role in innovation and he also points out that under the new circumstances, we should continue to promote multi- bilateral loan cooperation actively and effectively by learning the good experience and good practices from the book, to explore more opportunities and to intensify multi-bilateral loan cooperation in the next stage, so as to achieve high-quality development.

The Dali Erhai Lake Project involves managing climate change and environment challenges, supporting inclusive economic growth, and encouraging institutional and governance reforms, which are the three strategic priorities reported in the Country Partnership Strategy for China and the ADB (Asian Development Bank).

For ADB, water industry in China is one of their most important investments. CWEG has made full use of its advantages and realized the combination of WWTP construction with river governance, water recycling with land saving, and carbon reduction with energy efficiency and physical resource recovery, so as to produce more economic, environmental and social benefits in the long run.

Ecological Pond

Xizhou Underground WWTP

The local government and the ADB were impressed by the Group's sound business model as well as its professional and efficient operation. The ADB gave a high evaluation of CWEG’s environmental facilities and services, especially its design of the Underground WWTP, which helped to save a lot of land resources, improve the water quality of rivers and lakes and further promote the utilization of water resources in western China and which deserved to be popularized in more areas alongside "the Belt and Road".