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Category: Investment, Water, Middle East Market
Water Stocks News - OCI JV Awarded US$393m Waste Water Plant
OCI-Hassan Allam Sons Joint Venture Awarded USD393 million Pipeline
Work for the 6th October City Water Treatment Plant
CAIRO, EGYPT - December 2, 2009 - Orascom Construction Industries (OCI) confirmed today that its 50/50 joint venture with Hassan Allam Sons was awarded the Intake, Booster Station and Pipelines contract for the 6th October City Water Treatment Plant. The overall contract value is EGP 2.15 billion (USD393 million) with OCI's share valued at EGP 1.08 billion (USD196 million).
The project was tendered by the Construction Authority for Potable Water and Wastewater (CAPW) and will be financed by the Government of Egypt. The project will feed the 1.60 million m3/day 6th October City Water Treatment Plant with raw water using an intake and booster station with 12 pumps of 1.5 MW capacity each. The piping spans 118.5 km of steel between El Badrashain and Dahshour. The project also includes underground water tanks and ancillary buildings.
The project is expected to commence construction during Q4 2009 and will take approximately 36 months to complete.
About OCI Construction Group
The Construction Group ranks among the top global contractors and operates under three distinct brands. The three groups provide a range of construction services in key regional markets in the Middle East and North Africa in addition to Europe, Africa and Central Asia. The Group primarily focuses on infrastructure (energy and related infrastructure including oil & gas, power and petrochemicals / social infrastructure including large-scale educational campuses and healthcare facilities / water including wastewater and desalination), transportation (including roads, airports, ports and railway), industrial and high-end commercial projects. To complement the construction business, OCI also owns and operates National Steel Fabrication, the largest manufacturer of fabricated steel products in the Middle East, and has investments in manufacturers of glass curtain walling, paints and concrete pipes.
For additional information contact:
OCI Investor Relations Department:
For additional information on OCI:
www.orascomci.com
Omar Darwazah
OCI stock symbols: OCIC.CA / ORCI
Email: omar.darwazah@orascomci.com
EY / OCICqL / ORSD
Erika Wakid
Orascom Construction Industries(OCI)
Email: erika.wakid@orascomci.com
Nile City Towers - South Tower
Hassan Badrawi
2005A Corniche El Nil
Director
Cairo, Egypt
Tel: +202 2461 1036/0727/0917
Fax: +202 2461 9409
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