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May 26, 2012 04:20 am US/Eastern
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4-Traders Homepage  >  Shares  >  Euronext Paris  >  VEOLIA ENVIRON.    VIE   FR0000124141

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VEOLIA ENVIRON. : Veolia Unit, Partners Get EUR777 Million Water Contract In Paris Area

02/07/2012 | 03:08am

French waste and water utility Veolia Environnement SA (VE) Tuesday said that the SIAAP, the interdepartmental wastewater authority for the Greater Paris area, has selected OTV, a subsidiary of Veolia Water Solutions & Technologies, to head the consortium that has been awarded the contract to renovate the Seine Aval biological wastewater treatment plant in Acheres.

MAIN FACTS:

- After the Chicago plant, Seine Aval is the second largest wastewater treatment plant in the world.

- The contract awarded to the consortium is worth EUR776.7 million and is the biggest ever signed by OTV.

- Veolia Environnement will have a 25% share of the total revenue.

- OTV has three major assignments: to lead the project and coordinate all the participants in the Biosav consortium

(architects, design firms, civil engineering and wastewater treatment process companies); to design and build the structures; to supply the treatment process.

- In the contract, OTV has made clear commitments to the safety, reliability and programming of the works, which will enable SIAAP to continue providing and guaranteeing top-quality service to the 6.5 million customers throughout the period of the renovation project.

- Commissioning of the new facilities is planned for the end of 2017.

- By Geraldine Amiel, Dow Jones Newswires; +331-40171767; geraldine.amiel@dowjones.com

 
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