Azurix North AMerica wins $2.6 million in new contracts

June 15, 2001

HAMILTON, ON - Azurix North America announced today that it secured $2,555,000 CDN in new contracts during the month of May.

Under these contracts Azurix will deliver water and wastewater related services to six municipal clients in the United States and Canada. The services include engineering design; operations and maintenance; and biosolids management.

"These contracts are indicative of our unique position as the only
company in the industry with the expertise to provide the full range of services," said John Stokes, president and CEO of Azurix North America.
"Even when Azurix is hired to provide a single service, our customers benefit from our understanding of the entire life cycle of water and wastewater related infrastructure."

The new contracts are with customers in:

  • Florida - three contracts totaling $1,425,000 CDN. The largest
    is a $1,313,000 CDN contract for rehabilitation of six pumping stations.

  • Texas - a municipal wastewater lagoon cleanout worth $240,000
    CDN.

  • Oregon - a $375,000 CDN contract to remove and transport
    municipal biosolids.

  • New Jersey - a $14,400 CDN wastewater metering and monitoring
    program contract.

  • British Columbia - two contracts totaling approximately
    $500,000 CDN, for the design and implementation of residuals management
    programs.

Azurix North America provides a full range of water and wastewater
services, including operations and maintenance, engineering, carbon
regeneration, underground infrastructure rehabilitation and biosolids
management, to more than 700 municipal, industrial and privately-owned
facilities throughout North America.

Azurix Corp. (www.azurix.com) is a global company that owns, operates and manages water and wastewater assets, provides water and wastewater related services, and develops and manages water resources. Azurix offers e-business solutions in the areas of procurement, engineering and design, water supply and storage and billing and collections.

For more information, contact:

Mark Hudson
Azurix North America
905-521-4620
e-mail: mhudson@azurix.com