More funding for companies planning to venture into Tianjin Eco-City [News]
By Yvonne Chan, Channel NewsAsia, 21 May 2013.
Close to 60 Singapore companies have taken part in the development of Tianjin Eco-City in north China, and invested S$1.06 billion to date in the past four and a half years.
This is according to the Sino-Singapore Tianjin Eco-City Investment and Development Company, master developer of the Tianjin Eco-City project.
Singapore companies planning to venture into the eco-city over the next few years will have more funding aid to look forward to.
The Tianjin Eco-City is a bilateral project between China and Singapore, with private sector investment and development. It is a 50/50 joint venture between a Chinese consortium led by the Tianjin TEDA investment holding company and a Singapore consortium led by Keppel Group.
There are now 900 registered companies and more than 3,000 residents at Tianjin Eco-City.
Companies in the eco-city need not necessarily be “green”.
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Source: Channel NewsAsia