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SII to build water plant in Can Tho
Van Nam
Wednesday,  Sep 9, 2015,20:56 (GMT+7)

SII to build water plant in Can Tho

Van Nam

By Van Nam - The Saigon Times Daily

HCMC - Saigon Infrastructure Real Estate Investment Joint Stock Company (SII) will spend around VND250 billion (around US$11.3 million) building a facility able to treat 50,000 cubic meters of water a day for users in Can Tho City and neighboring localities.

Truong Khac Hoanh, general director of SII, told the Daily on September 8 that a groundbreaking ceremony of the water treatment plant will take place on September 19 and that the facility is scheduled to come online in 2017. Crude water supply for the Saigon-Mekong water plant will come from the Hau River.

Currently, the Hau River supplies fresh water for nearly 1.3 million residents of Can Tho City as well as agriculture and aquaculture in the Mekong Delta region.

Hoanh said Saigon-Mekong water plant will be the first such facility invested by SII in the Mekong Delta region after the enterprise’s acquisition of a 34% stake at Can Tho Water Supply Company.

Last month, SII struck a partnership with Vietnam Oman Investment Joint Stock Company (VOI) and Manila Water Company (MWC) for infrastructure investments in the transport and water sectors in Vietnam.

VOI and MWC have poured a total of US$300 million into a number of projects in Vietnam. Particularly, VOI has invested over US$100 million in some projects including Vinmec International Hospital, Vinh Son Hydropower Plant and Toan My BOT Company.

Founded in 2009, VOI is a joint venture between the State General Reserve Fund (SGRF) of Oman and Vietnam’s State Capital Investment Corporation. SII is a subsidiary of HCMC Infrastructure Investment Joint Stock Company (CII).

According to VOI chairman Abdullah Al-Harthy, the company is focusing resources on road and clean water supply projects in Vietnam and eyeing food and agriculture sectors.

“We want to invest in more projects in Vietnam by partnering with CII and SII,” Al-Harthy said, adding future investments would go to sectors like insurance, finance and services.

Meanwhile, MWC has spent US$200 million on water treatment projects in Vietnam via capital contribution to SII and investments in Thu Duc BOO and Kenh Dong water plants.

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