12.09.03

12.9.2003: Meldung: Veolia Environnement: Growth in China

Veolia Environnement has undergone regular growth in China since 1997, underlining that country"s priority position for the company"s strategy in Asia. The latest contracts signed include one for wastewater treatment in Beijing and another in Shanghai for a waste-to-energy plant. In addition, a partnership agreement has been signed with the universities of Tsinghua and Yale.
Veolia Environnement"s Water division, Veolia Water, has signed a contract to operate the Lugouqiao wastewater treatment plant, located in the east of Beijing. The 20-year contract, worth cumulated revenue of €50 million, is Veolia Environnement"s first for outsourcing services in the Chinese capital.
As part of preparations for the 2008 Olympics, Beijing is to build six wastewater treatment plants. The first will cost €40 million. It will be financed mainly through a World Bank loan to the Beijing municipality. Veolia Water, in association with Hong Kong firm Kerry, will provide an additional €5 million.

One year after having taken on the management of water services for Pudong, the Shanghai business district, under a 50-year public-private partnership that is the largest ever concluded, Veolia Water has already modernized customer service and management methods at the new company. Under other notable contracts, Veolia Water built the Chengdu water production plant under the first BOT contract in China, refurbished the Tianjin plant under a 20-year concession, and is operating plants in Baoji and Zhuhai as well as the Shanghai production site of tire company Michelin. Veolia Water Systems recently won the contract to build the biggest wastewater treatment plant in the country, to be located in Baillonggang (Shanghai).
Through Onyx, its Waste Management division, Veolia Environnement has signed a contract with Shanghai Huancheng Waste-To-Energy Co., the Chinese company in charge of waste services for Shanghai. The 20-year contract covers the management of the Puxi Jiangqiao waste-to-energy plant, which is the largest plant of its kind in China. After eight months of tests and setting adjustments, the plant has a treatment capacity of 1,000 metric tons per day of household waste.
As concerns other waste management contracts, Onyx manages the Guangzhou Xingfeng landfill site, which is equipped to transform biogas into energy. The site is the first in China to be built to the latest international standards, and was designed by Onyx. Under a joint venture, Onyx also provides technical support for the Tianjin hazardous waste treatment center, which is the first such plant in China. In Hong Kong, Onyx has a significant volume of business in household waste transfer and landfilling, with biogas-to-energy systems, as well as in hazardous waste treatment.

In another development, Veolia Environnement and the Urban Environment Institute (UEI) have entered into a partnership agreement with Tsinghua University and Yale University to create a training program for public service management in the fields of the environment and sustainable development. The program will target mayors and senior local government officials with responsibility for urban planning and infrastructure construction. The aim is to raise their awareness about integrating environmental protection and sustainable development concepts into their decision-making processes. As part of the program, participants will make an intensive study trip to Europe to meet decision-makers and visit facilities. Lastly, in his capacity as permanent economic advisor to the Mayor of Beijing, Henri Proglio, Chairman and CEO of Veolia Environnement, will participate on Thursday September 11 in the annual round table of the International Business Leaders Advisory Council. The goal of the meeting will be to provide advice and proposals for the economic and social development of Beijing. The topic selected for this fifth round table is the Olympic Games and the development of Beijing.
Veolia Environnement (Paris Euronext : VIE et NYSE : VE) is world leader in environmental services. The company has operations all around the world and provides tailored solutions to meet the needs of industrial and municipal customers in four complementary segments : water, waste management, energy and passager transportation. Veolia Environnement recorded revenue of €30.1 billion in 2002.

Important Disclaimer
Veolia Environnement is a corporation listed on the NYSE and Euronext Paris. This press release contains "forward-looking statements" within the meaning of the 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 that could cause actual results to differ materially from those described in the forward-looking statements, including the risks described in the documents Veolia Environnement has filed with the U.S. Securities and Exchange Commission. Veolia Environnement does not undertake, nor does it 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 Veolia Environnement with the U.S. Securities and Exchange Commission from Veolia Environnement.

Analyst and institutional investor contact: Nathalie Pinon +33 1 71 75 01 67
US investor contact: Brian Sullivan +(1) 401 737 4100
Press release also available on our web site: http://www.veoliaenvironnement-finance.com
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