China Water Investment

International Herald Tribune:

The Chinese government plans to spend 1 trillion yuan by 2010 to build waste-water treatment plants and upgrade water distribution systems around China, the Ministry of Construction said Tuesday.

Of that amount, which is equivalent to $125.5 billion, as much as 330 billion yuan will be spent on the water projects in urban centers. As many as 278 cities lack proper treatment facilities and at least 30 cities have plants that operate at less than 30 percent capacity, the ministry said.

China wants to tap the capital and technology of overseas companies like Veolia Environnement to supply clean water for the country