City of Fall River, Mass., awards long-term contract for wastewater treatment services to Veolia Water North America
07/29/04 • Water
HOUSTON, July 29, 2004 - The City of Fall River, Mass., and Veolia Water North America (Veolia Water) have renewed their 10-year partnership for wastewater services. Through a competitive bid, Fall River selected Veolia Water to continue providing operations and management services for its 30.9 million gallon per day wastewater treatment facility, 14 pump stations, and 179 mile collection system. The five-year contract, with an option for a five-year extension, is valued at approximately $39 million.
Fall River Mayor Edward Lambert commended Veolia Water on its operational excellence and value-added proposal. "Our partnership with Veolia Water began a decade ago when our system was troubled by odor complaints and compliance. Today, we receive national recognition for our excellent compliance record. Veolia Water understands and is focused on helping us achieve our top priorities - odor and noise control, environmental compliance, facility maintenance and savings. We are excited to continue this partnership," said Lambert.
The Fall River Regional Wastewater Facility services approximately 100,000 residents from Fall River along with several outlying communities and businesses and employs a staff of 50.
"Over the past ten years, we have achieved many awards for environmental compliance and safety, but the award that best characterizes our performance is this 10-year extension from our client. Each day, about 25 million gallons of water is released from the City of Fall River's wastewater treatment facility into Mount Hope Bay - which is a pretty awesome responsibility. We look forward to continuing to protect Fall River's precious resources for many years to come," said Christopher Hodgkins, northeast business center vice president, Veolia Water North America.
As part of its proposal to the city, Veolia Water will apply state-of-the-art project management techniques and industry-leading operations, maintenance and repair technologies to ensure 100 percent compliance, assist with the new three mile deep rock combined sewer overflow tunnel upon completion in December 2004 and continue to provide access to a backup sludge disposal plan.
Veolia Water, formerly known as USFilter Operating Services, provides services to approximately 600 communities across North America, including some 15 in Massachusetts . In the last month, the company has secured five contract renewals across the country and was most recently selected to enter into contract negations with the town of Lee, Mass., for the operations of its water and wastewater systems.Company Information:
Veolia Water North America is the leading provider of comprehensive water and wastewater services to municipal and industrial customers, providing services to approximately 14 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 110 million customers. Veolia Water is the Water Division of Veolia Environment (NYSE:VE and Paris Bourse: VIE), the largest environmental services company in the world with more than 310,000 employees in about 80 countries and annual revenues of more than $28.6 billion. Visit the company's web site at www.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.