Mainboard-listed United Envirotech, one of the leading membrane-based water and wastewater treatment solutions providers, says it has secured a contract of RMB245 million ($51 million) to build and operate a 200,000 cubic metres per day drinking supply and wastewater treatment plant under a Build-Operate-Transfer (BOT) arrangement in Liaoyang City, Liaoning Province, China for a concessionary period of 30 years.

The project is expected to bring in an estimated revenue of RMB1.4 billion over the concession period.

The project will be constructed in two phases using the United Envirotech’s proprietary advanced membrane technologies. The project will boost an aggregate treatment capacity of 200,000 cubic metres per day, comprising of a 100,000 cubic metres per day drinking water supply plant and 100,000 cubic metres per day wastewater treatment plant. The drinking water and wastewater treatment services will be provided to Hedong District, a newly developed area in Liaoyang City.

The project is expected to be funded using a combination of internal resources, bank borrowings and proceeds from last share placement.

To date, the group has a total of six water investment projects (including the new project) with aggregate treatment capacity of 500,000 cubic metres/day.

Barring any unforeseen circumstances, the project is expected to be completed within 18 months and positively impact the group’s FY2010 performance.