SUEZ gets $1 bil from Sydney Water in 14-year contract extension

Sydney Water has awarded a 14-year contract extension to SUEZ valued at $1 billion to continue maintaining and operating the filtration plant.

Prospect Filtration Water Plant. Image: SUEZ.

Following a 25 year relationship with Sydney Water, waste management and water treatment company SUEZ has been awarded an extension to its operations and maintenance contract at Sydney’s Prospect Water Filtration Plant.

In a contract valued at $1 billion, Sydney Water’s contract addition will extend from 2012 to 2035, as part of a joint venture with UniSuper.

SUEZ’s role in maintaining the facility is paramount, as it’s one of the world’s largest water filtration plants with a capacity to provide drinking water for up to 85 per cent of Sydney’s population, making it one of Sydney’s most critical pieces of infrastructure.

SUEZ’s Chief Executive Officer, Mark Venhoek, said the company was excited to continue its work with Sydney Water.

“SUEZ is proud of the role we play in delivering safe and reliable drinking water to more than 4.8 million local residents,” Mr Venhoek said.

UniSuper’s Head of Property and Private Markets, Kent Robbins said UniSuper is pleased to continue its long term commitment of this quality investment.

Sydney Water’s Managing Director, Kevin Young, said the extension is credited to SUEZ’s strong track record of operational excellence from the initial construction of the plant through to the quality of water produced.

“Sydney Water is committed to providing high quality services and through the Prospect Water Filtration Plant Sydneysiders are enjoying some of the best quality water in the world,” said Mr Young.

According to SUEZ, it will continue to operate Prospect Water Filtration Plant 24-hours a day, seven days a week, filtering up to three billion litres of water per day.

Mr Venhoek said SUEZ has a significant presence across Sydney operating a number of water and waste infrastructure facilities.

“On the back of our long-term partnership with Sydney Water, we look forward to ensuring the Prospect Water Filtration Plant continues to efficiently serve Sydney’s increasing water needs well into the future,” he added.

Under the build, own, operate and transfer (BOOT) contract, ownership of the Prospect Water Filtration Plant will transfer to Sydney Water in 2035.

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