OCI Construction Group
Cairo, Egypt / 9 June 2009, 10:30 AM
OCI-Aqualia Joint Venture Awarded New Cairo Wastewater
Public-Private-Partnership Project
Orascom Construction Industries (OCI) announced today that its 50/50
joint venture with Spanish group Aqualia, Orasqualia (the "Joint
Venture"), was awarded Egypt's first Public Private Partnership (PPP)
concession for the construction and operation of the New Cairo Waste
Water Treatment Plant.
The 20-year concession was tendered by the Egyptian Ministry of
Housing, Utilities & Urban Developments ("the Client") in coordination
with the Ministry of Finance. The overall contract value during the
concession period is EGP 2.646 billion (USD 472 million) and includes
the Engineering, Procurement and Construction (EPC) of the plant and
the Operation and Maintenance (O&M) during the contract period. The
wastewater treatment plant will have a capacity of 250,000 m3 per day
and will serve over one million people.
The project is expected to commence construction during Q4 2009 and
will take approximately 24 months to complete. After completion of the
plant, Orasqualia will operate and maintain the plant for the remaining
18 years of the concession.
About Aqualia
Aqualia gestion integral del agua S.A., is a water management company
serving more than 26 million people in over 1,100 municipalities
worldwide. The company operates in over 14 countries in Europe, Central
America, Asia and the Middle East and North Africa, and has recently
opened a new office in the United Arab Emirates specifically for MENA
region development. Aqualia employs over 7,000 highly qualified and
multidisciplinary professionals and was named the 2007 Water Company of
the Year by Global Water Intelligence in recognition of its
international expansion.
Aqualia already operates more than 300 wastewater treatment plants
worldwide including Spain, Portugal and the Czech Republic. In total,
Aqualia treats over 400,000,000 m3 of waste water every year
guaranteeing an optimum return to the environment - an essential issue
in the sustainable development of any city.
About OCI Construction Group
The Construction Group ranks among the top global contractors and
operates under three distinct brands. The three groups provide a range
of construction services in key regional markets in the Middle East and
North Africa in addition to Europe, Africa and Central Asia. The
Group primarily focuses on infrastructure (energy and related
infrastructure including oil & gas, power and petrochemicals / social
infrastructure including large-scale educational campuses and
healthcare facilities / water including wastewater and desalination),
transportation (including roads, airports, ports and railway),
industrial and high-end commercial projects. To complement the
construction business, OCI also owns and operates National Steel
Fabrication, the largest manufacturer of fabricated steel products in
the Middle East, and has investments in manufacturers of glass curtain
walling, paints and concrete pipes.
For additional information contact:
OCI Investor Relations Department: For additional information on OCI:
www.orascomci.com
Omar Darwazah
Email: omar.darwazah@orascomci.com OCI stock symbols: OCIC.CA / ORCI
EY / OCICqL / ORSD
Erika Wakid Orascom Construction Industries
Email: erika.wakid@orascomci.com (OCI)
Nile City Towers - South Tower
Hassan Badrawi 2005A Corniche El Nil
Director Cairo, Egypt
Tel: +202 2461 1036/0727/0917
Fax: +202 2461 9409
This information is provided by RNS
The company news service from the London Stock Exchange
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