Veolia wins affermage contract for all water and wastewater services in Armenia

Under this contract, Veolia is entrusted with managing drinking water production and distribution and wastewater treatment facilities; and developing and improving the yield of the country’s drinking water network. Drinking water production, distribution and invoicing will amount to almost 174 million cubic meters a year by the end of the contract. Veolia will be extending to the entire Armenian population the service quality and continuity that it already provides to the one million residents of the country’s capital, Erevan.

International financial institutions, such as the European Bank for Reconstruction and Development (EBRD), KFW Development Bank and the European Investment Bank (EIB) will also be contributing to this major project in Armenia by financing the $200 million investment required over the coming four years.

“This success is exemplary: it is the result of a joint effort by Veolia’s teams who have managed to capitalize on the experience and professionalism of the Group’s employees in Erevan and to apply the best practices developed by a network of experts working in over 40 countries. The contract is confirmation of Veolia’s international expertise in managing and optimizing large public networks on behalf of local authorities. It is also an affirmation of the relevance of our development strategy in Central and Eastern Europe, and further strengthens our lead position in the field of drinking water production and distribution,” explains Malika Ghendouri, Vice President of Central and Eastern Europe for Veolia.

As part of Veolia, Sofiyska Voda JSC is extremely proud of the fact that Stanislav Stanev, Operations and Maintenance Director, and Julien Chapon, Network Management Director, in a team with other colleagues from the Group, participated in the development of the successful project proposal.