FCC Aqualia Secures 2.4 Billion Euro Contract In Egypt

Published on September 21, 2015 08:43 by Water Network Research, Official research team of The Water Network in Business

An FCC Aqualia-led consortium has been awarded the tender for the design, construction and operation of the Abu Rawash treatment plant located in El Cairo (Egypt). The plant, once fully operating, will treat 1.6 million cubic metres of water daily and will provide service to 5.5 million people, making it one of the largest treatment plants worldwide. It is the largest contract awarded in the history of the water management subsidiary of FCC, considering that it will involve a business portfolio for the consortium worth 2.4 billion euros.

The Egyptian Ministry of Urban Planning made an official announcement of the awarding of the contract to the FCC Aqualia-led consortium via its subsidiary Aqualia New Europe, a company which is partially owned by the European Bank of Reconstruction and Development (EBRD). The winning consortium also comprises Orascom Construction Industries, Veolia and the local business ICAT.

It is a build-operate-transfer contract with an investment of more than 500 million euros and expected total revenue throughout the concession reaching 2.4 billion euros. The project has solid financial backing from the EBRD, the World Bank and the Egyptian Bank.

The scope of the investment works includes the expansion of the biological treatment facilities in the current primary treatment plant with a capacity for 1.2 million cubic metres and the scaling-up to 1.6 million cubic metres of water treated daily.

The Abu Rawash contract falls within the scope of the ambitious action plan on water and sanitation issues experienced by the Government of Egypt.

Source: WaterActive

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