Veolia Water Awarded City Of Yerevan Water Services Contract

Paris, France — Veolia Water, the Water Division of Veolia Environnement, has signed a contract with the Armenian government (State Committee for Water Economy) to manage the water services for Yerevan, the capital city of Armenia with one million inhabitants.

The 10-year contract, which was awarded following an international competitive bidding process overseen by the World Bank, is set to generate total revenue of €160 million over the period.

Under the agreement, Veolia Water will manage all water production and distribution, wastewater collection, as well as customer services.

Veolia Water's efforts will prioritize reducing network leakage and connecting the entire population to in a bid to enhance efficiency and quality of service.

By selecting an international operator, the Armenian government aims to harness the benefits of modern expertise and management techniques for its water services.

Antoine Frérot, Veolia Water's Chief Executive Officer

"The offer we made as part of the competitive bidding process was successful not merely on account of its technical quality, but also because it was the most cost-effective for the consumers. This contract represents an additional opportunity for us to demonstrate that public-private-partnership for water services in a transition country is an attractive solution for all parties concerned - the contracting authority, consumers and the operator."

SOURCE: Veolia Water