Vivendi wins T&T contracts
- From: Vol 2, Issue 3 (March 2001)
- Category: Brief
- Region: Africa
- Related Companies: Saur, Suez, Thames Water and Veolia Environnement (formerly Vivendi Environnement)
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VIVENDI ENVIRONNEMENT subsidiary Vivendi Water has signed two 25-year concession contracts in Morocco for the management of water distribution, wastewater and electricity.
Vivendi bid for the contracts, in Tangiers and Tétouan, as part of a consortium including private Moroccan groups ONA and Somed and Hydroquebec of Canada. The three other bidding groups were headed by Suez Lyonnaise des Eaux, Thames Water and Saur International.
The service area consists of Tangiers and Tétouan and the surrounding districts with a total population of 1.2 million. Sales in the first year of operation are expected to reach €105 million (€66 million for Tangiers and €39 million for Tétouan), rising to €130 million annually for both urban areas at the end of the sixth year.
Investment in the water and sewerage networks in the two cities will be around €750 million and will be geared to reducing water losses as well as improving the quality of wastewater collection and treatment.