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FCC extends its water management contract in Algeciras for 25 years

17/10/2005

FCC extends its water management contract in Algeciras for 25 years

The Algeciras (Cádiz) City Council and Aqualia have reached an agreement to extend the water management contract for 25 years. For FCC, the contract extension will increase its business portfolio by 450 million euros.

Aqualia will pay the City Council a fee of 7.9 million euros and will invest 2.4 million in construction work to improve the city's supply and sanitation networks. Algeciras has a population of nearly 110,000 inhabitants and Aqualia has 45,000 clients to whom its supplies 8.5 million cubic metres of water annually.

One of the stipulations agreed by the City Council and Aqualia is that the water bills of Algeciras residents will not go up until the year 2008 and at that time they will only go up by the increase in the CPI, which means that residents will save 15% on their water bills through 2008.

Aqualia, which serves more than 700 municipalities in Spain with 11 million clients, recently signed a 25-year contract for wastewater treatment in Benghu in the Anhui province of the Peoples Republic of China, which calls for an expected investment of 49 million euros and revenues of 500 million euros.

The company has a strong presence in Andalucía where a staff of 1,500 employees serves more than 100 municipalities. Besides Algeciras, it provides water management in Jaén, Almería, La Línea de la Concepción, Sanlúcar de Barrameda, Puente Genil, Punta Umbría, Ronda, Chipiona and Rota.