on april 24,2015， poten enviro group co., ltd. (“poten enviro”) signed a ppp strategic cooperation framework agreement with yuanping city, shanxi province. it is estimated that total investment will reach rmb 2 billion. this is a typical practice of leveraging social capital for improving public infrastructure and improving public service level in yuanping city and a milestone for poten enviro to develop businesses in shanxi province.
zhao lijun, chairman and president of poten enviro, and wen jianjun, deputy secretary of yuanping municipal cpc committee and mayor of yuanping city, were present at the signing ceremony
both parties will adopt ppp mode to invest into building a joint venture as a platform for overall planning, investment, supervision and management. the joint venture will be responsible for such businesses as environmental management of yuanping city, and infrastructure construction, supporting energy guarantee, maintenance of municipal facilities, capital investment, industrial properties management and user service of the circular economy demonstration area. it is estimated that total investment will reach rmb 2 billion.