Emerging victorious with a €156 million (USD$165 million) contract from the Sri Lankan National Water Supply and Drainage Board, Veolia will assist in dispensing water through subsidiaries Société Auxiliaire des Distributions d’Eau (SADE) and Omnium de Traitement et de Valorisation (OTV) on an extensive range in the Greater Matale area, an agricultural region located some 150 kilometres from the capital city of Colombo.
Through OTV, Veolia has been chosen as the project manager for the creation of 12 service reservoirs along with five new water treatment plants, 433km of distribution and transmission pipes, as well as five new pumping stations. This new arrangement will provide good quality of drinking water and guarantee contributions for more than 350,000 people.
The five water treatment plants in Ambanganga, Matale, Rattotta, Udatenna, and Ukuwela will combine Veolia technology and solutions that best befit their individual local conditions. SADE, another subsidiary of Veolia, will construct and design the 433km distribution and transmission network of pipes as a subcontractor.
The contract was made possible through a financial scheme combing an association of banks – BNP Paribas, CACIB, Natixis, and Unicredit – with the support of local French government services along with a local commercial loan from treasury bonds and HNB bank and a guarantee from the French Ministry of Finance.
Director of Veolia’s Global Enterprises Claude Laruelle said: “Access to water is a key factor in the growth of cities, their citizens and their economy. Veolia is deeply rooted ans involved in Asia-Pacific where we have, in particular, built more than 250 drinking water and wastewater treatment plants in the last 20 years. Today, we see that in Sri Lanka our solutions are helping an entire region’s development by making it more competitive. They are also contributing to fulfilling our mission: resourcing the world.”