Pöyry awarded EUR 1.2 million assignment for a feasibility study for 2 major water utilities in the Philippines
(Thomson Reuters ONE) -
PÖYRY PLC Press release 31 March 2011 at 3.00 p.m.
Pöyry's Water & Environment business group has been awarded a EUR 1.2 million
contract by the Asian Development Bank (ADB). Pöyry's services cover a
feasibility study for 2 major water utilities in the Philippines and the
preparation of an investment package for financing by the ADB and the private
sector.
The project is a complex undertaking involving a multi-disciplinary team of
international and national experts in water supply and sanitation development.
The project objective is to improve water supply and sanitation services in
Metro Cebu and Davao City, Philippines, by providing investment capital and
technical assistance to the Metro Cebu Water District (MCWD) and the Davao City
Water District (DCWD).
Particular investments will be in surface water sources, network rehabilitation
and expansion, wastewater strategy development and wastewater infrastructure.
The total investment cost is estimated at EUR 570 million over a period of 12
years.
Pöyry has a strong track record of projects in the water supply and sanitation
sector including capacity building, private sector participation and regulatory
strengthening in over 20 countries in Asia and the Pacific.
PÖYRY PLC
Additional information by:
Evelyn Orda, President, business unit Philippines, Water & Environment Business
Group, Tel. + 632 687 5878
Martin Bachmann, President, Water & Environment Business Group, Tel.
+41 44 355 5555
Pöyry is a global consulting and engineering company dedicated to balanced
sustainability and responsible business. With quality and integrity at our core,
we deliver best-in-class management consulting, total solutions, and design and
supervision. Our in-depth expertise extends to the fields of energy, industry,
urban & mobility and water & environment. Pöyry has 7,000 experts and a local
office network in about 50 countries. Pöyry's net sales in 2010 were EUR 682
million and the company's shares are quoted on NASDAQ OMX Helsinki. (Pöyry PLC:
POY1V).
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Source: Pöyry Oyj via Thomson Reuters ONE
[HUG#1502075]
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Datum: 31.03.2011 - 14:01 Uhr
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News-ID 53023
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