Orascom JV inks $320m contract for Egyptian wastewater plant

Orascom JV inks $320m contract for Egyptian wastewater plant
The facility is expected to take 37 months to construct [representational image].
Published: 14 September 2017 - 1:33 a.m.
By: James Morgan

A joint venture (JV) between Orascom Construction and FCC Aqualia has been awarded a $320m (EGP5.6bn) contract to build Abu Rawash Wastewater Treatment Plant in Egypt.

Under the terms of the deal, the JV will conduct engineering, procurement, and construction (EPC) works for the plant, and operate and maintain the facility for a period of three years following completion.

The facility, which will comprise primary and secondary treatment units, will boast a capacity of 1.6 million cubic metres per day, serving approximately six million people.

It will be constructed in phases over a period of 37 months.

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Osama Bishai, chief executive officer of Orascom Construction, said: “This award confirms our ability to continue to secure quality contracts, and underscores our strategy to focus on water-related projects – such as our two recently signed water desalination plants – due to the strategic need of this sector in Egypt.

“We are also pleased to collaborate again with our partner, FCC Aqualia, demonstrating our long-term, successful relationship,” he added.

Orascom stated that the operations and maintenance (O&M) segment of the deal highlights its strategy to grow a recurring income portfolio within the infrastructure venture.

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