Group 1 - The company, Beijing Enterprises Environment Group (00154.HK), announced the establishment of a joint venture with two construction companies from mainland China and Hong Kong to bid for the I·PARK2 contract issued by the Hong Kong Environmental Protection Department [1] - The I·PARK2 project aims to support the Hong Kong government's waste reduction and recycling initiatives, contributing to the goals outlined in the "Hong Kong Blueprint for Waste Management 2035" and "Hong Kong Climate Action Blueprint 2050," which include achieving "zero landfill" and carbon neutrality [1] - The contract scope includes the design, construction, operation, and maintenance of the I·PARK2 facility, which will be located at the coal ash lake in Tuen Mun, with an incineration capacity designed to handle 6,000 tons of municipal solid waste per day [1] Group 2 - The contract is expected to commence in early 2026 and includes a 15-year operation and maintenance service period in addition to the design and construction work [1]