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Green solution provider expects rapid growth

By Jiang Jingjing (China Daily)
Updated: 2007-11-15 06:52

"With our first transportation project in China, the transportation division, which is the leader in Europe, will quickly expand to other cities."

A few weeks ago, Veolia signed a 30-year contract with Tianjin Municipality to supply 3 million people with drinking water.

The contract will cover the northern part of Tianjin, and the Binhai New Area on the eastern coast, including managing the Xinkaihe water production plant, which processes 1 million cu m a day and 1,988 km of linear network, as well as acquiring Jinbin water production plant, which will provide 500,000 cu m of water a day in the first phase.

"It's a joint venture project with Tianjin Municipality. We have invested equipment and technology worth $200 million in it," Proglio said.

As for the waste division, it has signed a 30-year waste disposal contract with Jiujiang, in Jiangxi Province, to design, build and operate sanitary waste landfill sites with a total capacity of 16 million tons.

Veolia Environment Group, established in 1853, is a leading global environmental service and solution provider in water resources, waste, public transport and energy. It has 300,000 employees in more than 80 countries, and its revenue hit $45 billion last year.

The firm aims to keep the annual growth rate at 10 percent worldwide, and double the revenue in seven to eight years.

(China Daily 11/15/2007 page15)

(For more biz stories, please visit Industries)

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