SII general director Truong Khac Hoanh told the Daily that the company would focus on implementing these environmental infrastructure projects in 2012-2013.

Of the seven projects, the most notable is the first phase of the urban wastewater treatment project in HCM City with a daily capacity of 150,000 cubic meters, worth a total of over VND3 trillion.

Meanwhile, a system for raw water supply and power generation will be developed in Van Phong Economic Zone in Khanh Hoa Province, with a capacity of 30,000 cubic meters per day. The total investment capital of the project is nearly VND100 billion.

In Pleiku City, Gia Lai Province, SII will build an urban water supply system with a daily output of 30,000 cubic meters. The project costs VND200 billion.

In addition, the company will carry out water supply system expansion projects in Khanh Hoa and Lam Dong, with a respective capacity of 40,000 and 30,000 cubic meters a day.

On Thursday, SII will sign a contract to carry out the project in Pleiku. This will be the first project to get going, said Hoanh.

Besides, SII will sign a comprehensive cooperation contract with HFIC Investment Joint Stock Company on Thursday. HFIC Investment will provide consultancy service and mobilise funds for the projects of SII.

SII was established in May 2010, after a group of investors, including HCM City Infrastructure Investment Joint Stock Company (CII) took over Viet Thanh Investment Construction Joint Stock Company.

In May 2011, SII decided to change its main business field to environmental infrastructure, including wastewater treatment, clean water supply and electricity production. SII chair is Le Quoc Binh, who is also serving as general director of CII.