To implement its infrastructure upgrade program, Thames Water has formed an alliance with four partners, two of which are joint ventures—including that of Veolia Water, Costain and Atkins—to deliver a program of essential works, which includes the design and construction of water pipes, sewers and treatment facilities. The contract, represents an investment of £3 billion (€3.5 billion) and is the largest capex management contract in the water sector in Europe.
"We have a significant amount of work to do upgrading our deteriorating infrastructure while keeping customers' bills affordable. If we are to achieve this, a different approach is required. That's why we have formed this alliance to deliver our program. This represents a complete transformation in the way we carry out investment. Our focus will be on delivering value, as opposed to just cost-efficiency."
Lawrence Gosden
Thames Water Asset Director
Following an initial planning and mobilisation stage from 2013-2015 with the joint venture partners, the upgrade program will begin in 2015 and last five years, with the option of an extension for a further five years.
Veolia's expertise and proven technical and operational capabilities enable it to take a key role in this essential capital delivery program and meet the high standards that Thames Water demands for its customers.
"The alliance model focuses on maximising synergies between the partners to work collaboratively to deliver sustainable innovative solutions. This type of contract aligns with our strategic growth and is a demonstration of the quality of Veolia Water's services and the value of its offers."
Jean-Michel Herrewyn
Chairman and CEO of Veolia Water
Veolia Water selected as part of an alliance model by Thames Water
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Veolia Water
Veolia Water, the water division of Veolia Environnement, is the world leader in water and wastewater services. Specialized in outsourcing services for municipal authorities, as well as industrial and service companies, it is also one of the world's major designers of technological solutions and constructor of facilities needed in water and wastewater services. With 89,094 employees, Veolia Water provides water services to 100 million people and wastewater services to 71 million. Its 2012 revenue amounted to €12.078 billion.
Veolia Environnement
Veolia Environnement (Paris Euronext: VIE and NYSE: VE) is the worldwide reference in environmental solutions. With 220,000 employees*, the company has operations all around the world and provides tailored solutions to meet the needs of municipal and industrial customers in three complementary segments: water management, waste management and energy management. Veolia Environnement recorded revenue of €29.4 billion* in 2012.
* Excluding Veolia Transdev employees and revenues currently under divestment
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