China's Yellow River Conservancy Commission (YRCC) on Wednesday defeated 50 other nominees to win this year's Lee Kuan Yew Water Prize.

The Prize recognizes outstanding contributions towards solving global water problems by either applying technologies or implementing policies and programs which benefit humanity.

Announcing this at a press briefing on Wednesday, the Singapore International Water Week said that the YRCC was awarded the prize for their innovative river management initiatives and policies that have enable China's second longest river to flow unabated over the last 10 years.

The Lee Kuan Yew Water Prize, which was set up in 2008, is named after Singapore's first Prime Minister and present Minister Mentor Lee Kuan Yew, who through his foresight and leadership, has enabled Singapore to attain sustainable water supply. The winner receives 300,000 Singapore dollars (about 214,285 U.S. dollars), an award certificate and a gold medallion.

The YRCC will receive the award at the Singapore International Water Week, which will be held from June 28 to July 2.