OCI Construction Group Cairo, Egypt / 24 May 2009, 11:15 AM
OCI-Aqualia Joint Venture Submits Best Financial Bid on New Cairo
Wastewater Public-Private-Partnership Project
Orascom Construction Industries (OCI) confirmed today that its 50/50
joint venture with Spanish group Aqualia, Orasqualia (the "Joint
Venture"), was announced as the best financial bidder for the New Cairo
wastewater project. The submitted financial bid includes the value of
the Engineering, Procurement and Construction of the plant and the
Operation and Maintenance during the contract period. The overall
contract value during the concession period is EGP 2.585 billion (USD
459 million). The project was tendered by the Egyptian Ministry of
Housing, Utilities & Urban Developments ("the Client") in coordination
with the Ministry of Finance as a 20-year Public-Private Partnership
(PPP), during which the winning consortium will build and operate the
plant. The wastewater treatment plant will have a capacity of 250,000
m3 per day.
Currently, all submitted offers are under evaluation by the Client. An
official announcement is expected shortly.
For additional information contact:
OCI Investor Relations Department: For additional information on OCI:
Hassan Badrawi www.orascomci.com
Director OCI stock symbols: OCIC.CA / ORCI
EY / OCICqL / ORSD
Omar Darwazah Orascom Construction Industries
Email: omar.darwazah@orascomci.com (OCI)
Nile City Towers - South Tower
2005A Corniche El Nil
Erika Wakid Cairo, Egypt
Email: erika.wakid@orascomci.com
Tel: +202 2461 1036/0727/0917
Fax: +202 2461 9409
This information is provided by RNS
The company news service from the London Stock Exchange
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