Veolia Water Continues Its Expansion In The Czech Republic
The contract covers the production and distribution of drinking water, the collection and treatment of wastewater, as well as customer services. It will extend over 25 years and generate total revenues of more than €122 million over the period.
The operating company, a subsidiary of Veolia Water, will manage the contract and serve the 70,000 people in the area of Prostejov. It will take on the 120 employees of the former municipal water company.
Veolia Water has also been awarded a 15-year contract by the city of Slany in Central Bohemia (population 21,000) to manage all water, wastewater and customer services. This contract represents total revenues of €30 million over the period. Slany is located close to the area of the Kladno-Melnik water company, which Veolia Water has managed since November 2004.
"These new contracts further strengthen Veolia Water's business in the Czech Republic. Over the past 10 years, Veolia Water has become the country's market leader for water services, thanks to the authorities' clearly stated objective to modernize them within the context of the country's accession to the European Union completed in 2004. The geographical location of the new contracts, one of which is between the two other Moravian contracts of Olomouc and Zlin, and the other of which is in the vicinity of Kladno-Melnik, will enable Veolia Water to utilize synergies, accelerate the application of best practices, and achieve the company's standard levels of performance" commented Antoine Frérot, Chief Executive Officer of Veolia Water.
In the Czech Republic, Veolia Water now manages water and wastewater services for 4.3 million people and has nearly 6,400 employees. The company operates in 10 regions and serves more than 1,200 communities.
SOURCE: Veolia Water