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| OCI-Aqualia JV awarded New Cairo Wastewater project Egypt's Orascom Construction Industries (OCI) announced that its 50/50 joint venture with Spanish group Aqualia, Orasqualia, was awarded Egypt's first Public Private Partnership (PPP) concession for the construction and operation of the New Cairo Waste Water Treatment Plant. The 20-year concession was tendered by the Egyptian Ministry of Housing, Utilities & Urban Developments in coordination with the Ministry of Finance. The overall contract value during the concession period is EGP 2.646 billion (US$ 472 million) and includes the Engineering, Procurement and Construction (EPC) of the plant and the Operation and Maintenance (O&M) during the contract period. The project is expected to commence construction during Q4 2009 and will take approximately 24 months to complete. After completion of the plant, Orasqualia will operate and maintain the plant for the remaining 18 years of the concession. write your comments about the article :: © 2009 Construction News :: home page |