By Paris Bureau
Published February 23, 2011
| Dow Jones Newswires
French waste and water utility Suez Environnement SA (SEV.FR) said Wednesday it will rehabilitate the water and sewage system in Haiti’s capital Port-au-Prince, which was devastated by an earthquake in 2010.
MAIN FACTS:
– The rehabilitation mission launched by the Haitian authorities will rely on the experts and complementary know-how of Suez Environnement’s leading French, Spanish and US subsidiaries: Lyonnaise des Eaux, Agbar and United Water.
– The investments needed for the project will be financed by the Inter-American Development Bank and the Spanish Agency for International Development Cooperation (AECID).
– Given the context, Suez Environnement will be forfeiting any profits and paying any bonuses allocated as a result of meeting the performance levels and objectives set by the local authorities to the Suez Environnement Initiatives endowment fund.
– By Paris Bureau, Dow Jones Newswires; +331-4017-1740; inti.landauro@dowjones.com
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