PRESS RELEASE 31 Mar 2011
Pöyry awarded EUR 1.2 million assignment for a feasibility study for 2 major water utilities in the Philippines
PÖYRY PLC Press release 31 March 2011 at 3.00 p.m.
Pöyry's Water & Environment business group has been awarded a EUR 1.2 million contract by the Asian Development Bank (ADB). Pöyry's services cover a feasibility study for 2 major water utilities in the Philippines and the preparation of an investment package for financing by the ADB and the private sector.
The project is a complex undertaking involving a multi-disciplinary team of international and national experts in water supply and sanitation development. The project objective is to improve water supply and sanitation services in Metro Cebu and Davao City, Philippines, by providing investment capital and technical assistance to the Metro Cebu Water District (MCWD) and the Davao City Water District (DCWD).
Particular investments will be in surface water sources, network rehabilitation and expansion, wastewater strategy development and wastewater infrastructure. The total investment cost is estimated at EUR 570 million over a period of 12 years.
Pöyry has a strong track record of projects in the water supply and sanitation sector including capacity building, private sector participation and regulatory strengthening in over 20 countries in Asia and the Pacific.
Additional information by:
Evelyn Orda, President, business unit Philippines, Water & Environment Business Group, Tel. + 632 687 5878
Martin Bachmann, President, Water & Environment Business Group, Tel. +41 44 355 5555
Pöyry is a global consulting and engineering company dedicated to balanced sustainability and responsible business. With quality and integrity at our core, we deliver best-in-class management consulting, total solutions, and design and supervision. Our in-depth expertise extends to the fields of energy, industry, urban & mobility and water & environment. Pöyry has 7,000 experts and a local office network in about 50 countries. Pöyry's net sales in 2010 were EUR 682 million and the company's shares are quoted on NASDAQ OMX Helsinki. (Pöyry PLC: POY1V).