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We are capitalizing on our global smart city expertise to participate in China's Sino-Singapore Tianjin Eco-City Project, an initiative capturing worldwide attention.
Sino-Singapore Tianjin Eco-City is a large model eco-city that is a joint venture between Sino-Singapore Tianjin Eco-City Investment and Development Co., Ltd. (SSTEC), and the Chinese and Singaporean governments. The goal is to build a city of 350,000 with 110,000 houses by around 2020 on a 30-square-kilometer salt evaporation pond on the outskirts of Tianjin.
The new city will use 26 KPIs to minimize the environmental burden of housing, energy, and transportation. As well, it will recycle resources, including renewable energy for 20 percent of total energy, make all tap water 100 percent drinkable, and recycle 60 percent of waste. The city will have 90 percent green transportation and 100 percent green buildings.
The project heads of Sino-Singapore Tianjin Eco-City want energy-saving technologies, new energy and storage battery technologies, and information control platforms from Japanese companies. In May 2010, Hitachi and SSTEC agreed to evaluate and use Hitachi's technologies and solutions. We intend to help develop environmentally conscious cities by setting up a smart city R&D center in Sino-Singapore Tianjin Eco-City to create advanced solutions for further progress in this field in China.
Specifically, we will help build the Eco Central Business District that minimizes CO2 emissions and enhances worker convenience. Our wide-ranging business contributions include solar power and other new energy technologies and solutions; efficient community, building, and home energy management systems; and charging systems for electric vehicles, as part of the Eco-City New Energy Vehicle Alliance. We also will collaborate on building data centers and other IT infrastructure.
The smart city business is pivotal to our Social Innovation Business. Through our involvement in Sino-Singapore Tianjin Eco-City, we will contribute to lower environmental burden urban development in China, reinforcing the development of our own smart city business.
General Manager, Economic Promotion, Sino-Singapore Tianjin Eco-City Investment and Development Co., Ltd. (SSTEC)
SSTEC and Hitachi have cooperated since signing an agreement in May 2010 to develop Sino-Singapore Tianjin Eco-City. Hitachi is unique, offering all parts of information control and IT, including products and solutions. This is China's first large urban development that cuts environmental burden by conserving and recycling. We plan to try many new ideas, and believe that Hitachi's expertise will be essential. I look for Hitachi to showcase itself at this city, and I hope to build stronger ties in the years ahead.