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Veolia wins 780 mln eur 30-yr contract to manage water system in south China


Published :
Thu, 14 Jun 2007 10:10
By : Agencies
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PARIS (Thomson Financial) - Veolia Environnement's water division said it has won a 30-year contract worth 780 mln eur in sales from Haikou Water Group to manage the drinking water service and a wastewater treatement plant in Haikou, on the island of Hainan in south China.

The deal involves Veolia acquiring 49 pct of Haikou First Water Co Ltd, which will actually do the work. A Veolia Water spokeswoman said the company would not comment on whether this involved any payment by Veolia.

tfn.paris@thomson.com

mjs/jlw

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