Houston, TX -- The city of New London, Conn. has signed a $59-million, 10-year contract agreement with Veolia Water North America – Northeast, LLC (Veolia Water) for the operation and management of its water and wastewater systems. Following a competitive bid process, New London’s city management and the Water and Water Pollution Control Authority (WWPCA) selected Veolia Water’s proposal, which was centered on accountability, asset management, true partners and operational excellence.

“With Veolia Water as our partner, New London is ensuring reliable asset management and the protection of our valuable water and wastewater assets on a long-term basis with the lowest life-cycle management costs,” said Mayor Kevin J. Cavanagh.

Barry Weiner, chairman of the WWPCA, added, “For our customers, this new agreement demonstrates our commitment to quality water and wastewater services that is second-to-none.”

Under the new contract, Veolia Water is responsible for the operation, management and maintenance of New London’s 10-million-gallon-per-day wastewater treatment plant, 9 pump stations and 80 miles of sewer lines to serve 6,000 customers in New London, Waterford, and East Lyme, Conn. Veolia Water will also manage the city’s 9-million-gallon-per-day water filtration plant, serving approximately 14,000 local customers in New London and Waterford, in addition to 120 miles of water mains and storage tanks. The company will also be responsible for billing and collections services.

“We took a very comprehensive approach in preparing our proposal and are pleased with New London’s decision to select us as its partner. This contract represents one of the nation’s largest agreements where a total municipal water and wastewater system is managed by a public-private partnership,” said Philip Ashcroft, president, Veolia Water North America – Northeast, LLC. “The city’s ideals closely mirror our approach to quality and we look forward to an excellent long-term partnership.”

Veolia Water North America – Northeast, LLC is a wholly owned subsidiary of Veolia Water North America, the leading provider of comprehensive water and wastewater services to municipal and industrial customers, providing services to more than 14 million people in approximately 600 communities. The company is part of Veolia Water, the No. 1 water company in the world, serving more than 108 million customers. Veolia Water is the water division of Veolia Environment and (Paris Bourse:VIE), the world’s largest environmental services company providing tailored solutions in water management, waste management, energy management, and freight and passenger transportation. With more than 300,000 employees, Veolia Environnement recorded annual revenues of $48 billion for the 2007 fiscal year. 

Important Disclaimer. Veolia Environnement is a corporation listed on the NYSE and Euronext Paris. This press release contains “forward-looking statements” within the meaning of the provisions of the U.S. Private Securities Litigation Reform Act of 1995. Such forward-looking statements are not guarantees of future performance. Actual results may differ materially from the forward-looking statements as a result of a number of risks and uncertainties, many of which are outside our control, including but not limited to: the risk of suffering reduced profits or losses as a result of intense competition, the risk that changes in energy prices and taxes may reduce Veolia Environnement’s profits, the risk that governmental authorities could terminate or modify some of Veolia Environment’s contracts, the risk that Veolia Environnement’s compliance with environmental laws may become more costly in the future, the risk that currency exchange rate fluctuations may negatively affect Veolia Environnement’s financial results and the price of its shares, the risk that Veolia Environnement may incur environmental liability in connection with its past, present and future operations, and the risks related to Veolia Environnement’s relationship with Vivendi Universal, as well as the risks described in the documents Veolia Environnement has filed with the U.S. Securities and Exchange Commission. Veolia Environnement does not undertake, nor does it have, any obligation to provide updates or to revise any forward-looking statements. Investors and security holders may obtain a free copy of documents filed by Veolia Environnement with the U.S. Securities and Exchange Commission from Veolia Environnement.

Contact:
Scott Edwards
281-985-5479