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FCC signs a water management agreement in China

04/08/2005

FCC signs a water management agreement in China

The FCC Group, through its subsidiary Aqualia, has signed a 25-year agreement to provide wastewater treatment services in Bengbu, in the province of Anhui, located in the southeast of the People's Republic of China. The company expects to invest 40 million euros and to earn revenues totalling 500 million.

The signing of this agreement in Madrid was attended by the Governor of the province, Wang Jinshan; the Chairman of the public company BCCA, Li Rongjie, the current holder of the wastewater service concession in Bengbu and the CEO of FCC, Rafael Montes.

The agreement calls for the formation of a 50-50% joint venture between FCC and BCCA for the purpose of:

  • Managing the wastewater treatment plant no.1 in Bengbu, with a capacity of 100,000 m3/day, for 25 years.
  • Building and managing an enlargement to the plant which will bring its capacity to a total of 200,000 m3/d, for 25 years.
  • Designing, building and managing the two phases of the Yantaizi Plant (Bengbu No2) with a final capacity of 200,000 m3/d, for 25 years.

Work will begin early next year. Under the contract, a population of 2,000,000 inhabitants will be served.

The province of Anhui, with a population of roughly 63 million inhabitants, and Aqualia have a number of collaborative efforts planned in the field of water management and treatment in addition to those covered under this agreement.

The signing of this agreement marks a step forward in the relationship established by the FCC Group and the province of Anhui in the year 200, when they signed a contract for engineering services and the supply of electromechanical and control equipment for the construction of the first phase of the Bengbu Plant No1 with a capacity of 100,000 m3/day.

The company SPA, an Aqualia subsidiary, has been operating in the People's Republic of China since 1999, signing its first contract in the city of Tieling in the province of Liaoning in the northern part of the country.

To date, it has signed five contracts for the construction of six plants, including wastewater, domestic water, drinking water and industrial wastewater treatment plants.

The Peking Office of the FCC Group which opened one year ago is responsible for planning possible investments in the People's Republic of China.