This 24 year BOT contract (Build, Operate and Transfer) covers the design, construction and management of three sewage plants for a total daily volume of 75 000 m³ and an 85 km collecting network. Wastewater services will be supplied to the County of Yangju, in the province of Kyonggi. The Yangju population currently stands at 100 000 habitants but is predicted to reach 400 000 inhabitants in 2016 due to urban development. Kyonggi-Do, situated at 60 km outside Seoul is the largest province in South Korea and one of the most prosperous in the country.

Investment costs for the Consortium represent 90 million euros with turnover estimated at 230 million euros over the duration of the contract.

The consortium, formed with the respective participation of 60% by Lyonnaise des Eaux and Degrémont and 40 % by Hanwha (an important Korean Chaebol), is in the process of finalising financial terms and commitment with the Korean government. This project is the first of its kind in this country following significant changes in Korean legislation which aims to attract more foreign investment.

The water division of Suez Lyonnaise des Eaux Group is currently the leading provider of water services in the Asia Pacific region serving 18 million inhabitants in China, Australia, Malaysia, Indonesia and the Philippines. Suez Lyonnaise des Eaux's interest in the Korean market highlights its aim to reinforce its presence on the Asian Continent.

Lyonnaise des Eaux, world leader in water management services, currently supplies over 100 million people with drinking water and wastewater services throughout the world and is present in major cities such as Buenos Aires, Atlanta, Manila, Casablanca and Sydney.

Degrémont specializes in the design and building of water treatment plants that produce drinking water and process water, or, treat municipal and industrial wastewater. Degrémont has built over 10 000 installations throughout the world.

Lyonnaise des Eaux and Degrémont are subsidiaries of Suez Lyonnaise des Eaux Group.