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Water treatment JV plans $200 million investment

Water treatment JV plans $200 million investment

Cambodia's Heng Development Co Ltd, in co-operation with Thai and Chinese companies, plans to invest about US$200 million in a water-treatment project this year, according to the company’s general director.

“I think investment in the project is a contribution to help our environment and society because of the increase in contaminated water flowing into bodies of water year after year,” Sieng Chanheng said yesterday.

The company was at the first stage of the evaluation process and investment in the project would require at least $200 million, she said.

Heng Development would own 30 per cent of the joint venture, Sieng Chanheng said.

State-owned China CAMC Engineering would hold 50 per cent ownership and Thailand’s BIG International would own the remaining 20 per cent.

The two foreign companies have been conducting research in Battambang, Kampong Cham and Kandal province, as well as in coastal areas.

To contact the reporter on this story: Sieam Bunthy at [email protected]

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