Foreign involvement grows in Algeria
- From: Vol 3, Issue 3 (March 2002)
- Category: General
- Region: Africa
- Country: Algeria
- Related Companies: Alstom, Black & Veatch, Dragados, Enel, Ishikawajima-Harima Heavy Industries, Itochu, Mizuho Corporate Bank, Ondeo, SNC Lavalin and Weir Westgarth
A number of new projects are transforming the Algerian water sector. Project financing of the Arzew independent water and power project (IWPP) is nearing agreement, the Sidi Bel Abbes drinking water supply project is close to completion, and financing is now in place for the country’s largest project – the Taksebt drinking water scheme.
Add to this the start of work to build Algeria’s biggest pumping station and contracts to construct water and wastewater treatment plants in the new town of Sidi Abdellah, and there is a vibrant water industry with growing opportunities for contractors and international private water companies.
A new company, Kahrama, has been set up to develop the $300 million ...
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