|WAKEFIELD, Mass., March 3 /PRNewswire/ -- Aqua
Alliance Inc. and Compagnie Generale des Eaux-Sahide (CGE), a Vivendi subsidiary, jointly
announced today that they were awarded a substantial increase in the size and scope of
their ongoing contract with the Puerto Rico Aqueduct & Sewer Authority (PRASA). The
new agreement will allow AAI and CGE to more efficiently operate the water and wastewater
treatment systems, which serve over 3.6 million residents on the island of Puerto Rico.
The $145 million/year contract will run for another two-and-a-half years.
Under the amended contract, AAI and CGE will be responsible for all of PRASA's operations. The agreement, with revenues approximating $145 million annually, is one of the largest water services contracts ever signed. This is an important and unique event in Puerto Rico, as the Aqueduct and Sewer Authority was the only public agency to be declared on emergency status in 1993. The new contract responds to recommendations made by the PRASA Governing Board and AFI (Infrastructure Financial Authority) after evaluating various alternatives to improve the water service in the Island.
The Honorable Pedro Rossello, Governor of Puerto Rico, said, "I am very pleased to be here and witness this special moment which establishes a new step in the quest of services of excellence for our people."
Thierry Mallet, President and Chief Executive Officer of Aqua Alliance Inc., stated, "We are extremely pleased to continue working with PRASA in an expanded capacity to meet the important challenge of rehabilitating, operating, maintaining and managing services that are essential to the residents of Puerto Rico."
The Executive Director for International Operations of Compagnie Generale des Eaux-Sahide, Gerard Mohr, commented that, "Our organizations welcome the opportunity to benefit the entire population of Puerto Rico."
Aqua Alliance is an affiliate of Vivendi, the world's largest water company.
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