The consortium led by Vivendi Water has been named successful bidder by the Ambito Territoriale Ottimale (ATO) of Latina, in the international tender for the municipal outsourcing contract to manage the area's water and wastewater services for 30 years.
The ATO of Latina is located in the south of Rome and covers 38 districts with a population of about 600,000 inhabitants. During the summer, the population increases by around 500,000 visitors.
The main partners in the consortium led by Vivendi Water (40%) are ENEL-Hydro (23%), a subsidiary of the principal power production and distribution company in Italy, and Acquedotto Pugliese (23%) which is the country's biggest water distribution company, serving five million people.
The consortium and local authority will create a joint-venture company to operate all of the water services. This company will be managed by Vivendi Water.
Total revenues of the contract amount to two billion euros over the 30 year period. Annual revenues are forecast at 50 million euros for the first year, and 65 million euros when the facilities reach their normal operating capacity. The project covers completing work to supply the population with drinking water, improving the safety of the water supply, completing the wastewater collection systems and increasing the capacity for wastewater treatment.
The Latina contract is the biggest municipal outsourcing contract ever awarded in Italy following an international tender, and consolidates Vivendi Water's presence in that market.
Vivendi Water provides water and wastewater services to almost 1.7 million people in Italy, in particular in the regions of Veneto, Piemont and Liguria. The company operates through 10 companies, primarily SIEMEC, SICEA, SAP and SVA.
Vivendi Water, a subsidiary of Vivendi Environnement, is the leading global provider of water and wastewater services for municipal authorities, industrial companies and consumers. The company provides the entire range of outsourcing and design-build services, as well as equipment and systems.
With operations in more than 100 countries, Vivendi Water serves over 110 million consumers and 40,000 industrial customers worldwide. It has revenues of 12.9 billion euros for 2000 and 69,000 employees.
Important Disclaimer
This press release contains forward-looking statements within the meaning of the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements are based on management's current expectations or beliefs and are subject to a number of factors and uncertainties, such as the inability to further identify, develop and achieve success for new services and technologies or the failure to obtain or retain upon acceptable terms the licenses and permits necessary to operate the business, that could cause actual results to differ materially from those described in the forward-looking statements. Vivendi Universal and Vivendi Environnement do not undertake, nor do they have any obligation, to provide updates or to revise any forward-looking statements. Investors and security holders may obtain a free copy of documents filed by Vivendi Universal with the U.S. Securities and Exchange Commission at www.sec.gov or directly from Vivendi Universal.
Press contacts
Vivendi Water
Anne Froger
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Fax : 33 1 49 24 32 71
e-mail : anne.froger@generale-des-eaux.net
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Anne Meaux
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Fax : 33 1 53 70 74 80
e-mail : a.meaux@image7.fr
VIVENDI ENVIRONNEMENT
Société Anonyme à Directoire et Conseil de Surveillance
Au capital de 4.673.361.892,50 €
Siège social : 36/38, avenue Kléber - 75016 Paris
403 210 032 RCS PARIS
VIVENDI WATER
Société anonyme au capital de 3.816.194.986 €
Siège social : 52, rue d'Anjou - 75008 Paris
421 345 042 R.C.S. Paris
