15.12.2005: Meldung: Veolia Water to manage water services for Yerevan

Veolia Water, the Water Division of Veolia Environnement, has today 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.

"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" stated Antoine Fr?rot, Veolia Water"s Chief Executive Officer.

Veolia Water, the water division of Veolia Environnement, is the world leader in water and wastewater services. Specialized in outsourcing services for municipal authorities, as well as industrial and service companies, it is also one of the world"s major designers of technological solutions and constructor of facilities needed in water and wastewater services. Veolia Water serves 110 million people worldwide. With 67,800 employees, its 2004 revenues amounted to ?9.8 billion.

Veolia Environnement (Paris Euronext: VIE and 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 management, waste management, energy management and passenger transportation. Veolia Environnement recorded revenue of ?24.7 billion in 2004 and has 250,000 employees.

Source: www.veolia.com

Analyst and institutional investor contact: Nathalie Pinon +33 1 71 75 01 67
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