Veolia Water wins its 21st contract in China, estimated at 1.6 billion euros.
Veolia water has won a new contract in China, for a 30 year concession with the Lanzhou Water Supply Company in the capital of the Gansu Province, on the banks of the Yellow River. The contract was awarded by local authorities through an international tender for the acquisition of 45% of the municipal water company. At this level of participation it would generate for Veolia Water an estimated cumulated total turnover of 1.6 billion Euros.
The company will manage four water treatment plants with a global capacity of 2,190,000m3, 640 kms of distribution network (960km with connections), of which 50km will have a diameter superior to 1000mm, 11 elevation plants, and associated client services. The company employs 2200 employees. Operations will start in the middle of 2007.
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