BELGRADE (Serbia), May 30 (SeeNews) - The project of China's Poly Group Corporation to build a wastewater treatment plant in Veliko Selo, near Belgrade, is estimated to cost 269 million euro ($299.3 million), the mayor of Serbia's capital city, Sinisa Mali, has said.
The Belgrade city government signed a cooperation agreement with Poly Group on the project during the official visit of a Serbian delegation to Beijing earlier this month and expects the final contract to be signed in the coming month, Mali said during the opening of Energy Week 2017 conference in Belgrade, according to a press release issued by Belgrade city government on Monday.
Earlier in May, Mali said the project would also involve the construction of a wastewater collector and a pipeline to transport the water to the treatment plant.
Poly Group is run by China's State-owned Assets Supervision and Administration Commission (SASAC). Headquartered in Beijing, Poly Group has more than 600 subsidiaries and some 60,000 employees. Four of those subsidiaries are listed on the Shanghai Stock Exchange: Poly Real Estate, Poly Property Group, Poly Culture Group, and Guizhou Jiulian Industrial Explosive Materials Development.