Released under the GIC Framework
Veolia Environnement announces that its Water division, Veolia Water, has won two new municipal management contracts in China. These contracts with the cities of Hohhot and Weinan are for rehabilitating and operating water treatment plants.
The first contract, signed with the town of Hohhot, the capital of Inner Mongolia (2,500,000 inhabitants), involves rehabilitation and operation, for a period of 30 years, of a drinking water production site, including a treatment plant and a wellfield, with a capacity of 515,000 m3/d. The contract will generate a consolidated revenue of 600 million Euros during the period.
The second contract, signed for a period of 22 years with Weinan, a town of 300,000 inhabitants close to Xian and Baoji where Veolia Water already produces drinking water, involves rehabilitation and operation of a drinking water production site, the capacity of which, after expansion, will be 160,000 m3/d. This contract will generate a consolidated revenue of 190 million Euros during the period.
"These two new projects follow on from the large contracts signed recently, both by the Waste management division and by the Water division of Veolia Environnement, particularly in Shanghai, Guandoung and Shenzhen. They are part of a development strategy for the whole of China", stated Henri Proglio, Chairman of Veolia Environnement.