Brockton, Ontario, awards partnership for water and wastewater treatment services to Veolia Water Canada
07/11/06 • Water
Veolia Water's presence in Brockton marks the 22nd Canadian community served in the company's nearly 30-year operational history. Veolia Water will manage, operate and maintain the municipality's water and wastewater systems including a 1.98-million-gallon-per-day wastewater plant, three water treatment plants of 1.98 MGD, 0.019 MGD and 0.012 MGD capacities and related collection and distribution systems under a five-year contract valued at approximately $470,000 per year.
"We are looking forward to a partnership with Veolia Water. Our confidence has been bolstered by the numerous positive references from communities that have had lengthy, successful relations with Veolia Water. We are anticipating safe, clean, affordable water from a world-class operator with a great track record," said Brockton Mayor Charlie Bagnato.
The Municipality of Brockton includes the former Township of Brant, Township of Greenock and the Town of Walkerton. Working together, the municipality and Veolia Water will embrace a top-down approach to safety, regulatory compliance, and customer satisfaction.
"We all understand what Walkerton experienced several years ago with its drinking water system, and as such, we are extremely mindful of the significance of our responsibilities," said John Wood, president of Veolia Water North America - Central. "We thank Brockton for entrusting us with its water services. Residents will benefit from our healthy mix of local experience and global expertise."
Water and wastewater operations transitioned June 28 without interruption of service to Brockton residents. Billing cycles and processes will remain consistent with the community's current practices.
Veolia Water Canada is part of Veolia Water North America, the leading provider of comprehensive water and wastewater services to municipal and industrial customers, providing services to approximately 15 million people in more than 600 communities. The company is part of Veolia Water, the No. 1 water company in the world, serving more than 108 million customers. Veolia Water is the Water Division of Veolia Environnement (NYSE:VE and Paris Bourse: VIE), the largest environmental services company in the world, with more than 270,000 employees in about 64 countries and annual revenues of $30 billion. Visit the company's Web site atwww.veoliawaterna.com
Veolia Environnement is a corporation listed on the NYSE and Euronext Paris. This press release contains "forward-looking statements" within the meaning of the provisions of the U. S. Private Securities Litigation Reform Act of 1995. Such forward-looking statements are not guarantees of future performance. Actual results may differ materially from the forward-looking statements as a result of a number of risks and uncertainties, many of which are outside our control, including but not limited to: the risk of suffering reduced profits or losses as a result of intense competition, the risk that changes in energy prices and taxes may reduce Veolia Environnement's profits, the risk that governmental authorities could terminate or modify some of Veolia Environnement's contracts, the risk that Veolia Environnement's compliance with environmental laws may become more costly in the future, the risk that currency exchange rate fluctuations may negatively affect Veolia Environnement's financial results and the price of its shares, the risk that Veolia Environnement may incur environmental liability in connection with its past, present and future operations, and the risks related to Veolia Environnement's relationship with Vivendi Universal, as well as the risks described in the documents Veolia Environnement has filed with the U. S. Securities and Exchange Commission. Veolia Environnement does not undertake, nor does it have, any obligation to provide updates or to revise any forward-looking statements. Investors and security holders may obtain a free copy of documents filed by Veolia Environnement with the U. S. Securities and Exchange Commission from Veolia Environnement.