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FORT WASHINGTON, Pa. - April 4, 2005 - On March 30, Coast to Coast Water Ltd. (C2C), a joint venture of Severn Trent and Costain, began providing water and wastewater services to approximately 1,500 of the United Kingdom's Ministry of Defense sites in southeastern, eastern and northern England. The work, known as Project Aquatrine, was awarded to C2C last year with the signing of a $1.9 billion, 25-year contract.
Project Aquatrine is the first major public-private partnership in the UK water sector in which water and wastewater services will be provided for a diverse and widely dispersed area outside of the regulated water industry. The contract calls for the transfer of responsibility for the maintenance
and operation of the MOD's water and wastewater assets to the private sector while the MOD concentrates on its core defense activities.
Various forms of public-private partnership for water and wastewater systems are being facilitated throughout the U.S. Severn Trent is a leader in this arena, operating facilities under agreements with municipalities at 600 locations. The Project Aquatrine contract, culminated after years of effort, establishes Severn Trent as a major global participant in the advancement of public-private partnerships.
Severn Trent Services chief executive and C2C Chairman Len Graziano said, "We're excited about getting this groundbreaking work underway. In the five months since the contract was signed, employees from C2C and Severn Trent Services' sister companies have done a tremendous job doing the groundwork for this unique project. While Project Aquatrine is the first partnership of its kind outside the regulated water industry in the United Kingdom, the people of C2C have many years of public-private experience around the world. We're confident that we'll provide excellent value to the Ministry of Defense."
Severn Trent is a leading international environmental services company and the majority partner in the C2C joint venture. The company is in the vanguard of providing water and wastewater technology, equipment, and services to customers worldwide. Costain is an international engineering and construction group that provides asset management within the water sector.
About Severn Trent Services
Severn Trent Services ( www.severntrentservices.com ), based in Fort Washington, Pa., is a leading supplier of water and wastewater treatment solutions. The company's broad range of products and services is concentrated around disinfection, instrumentation, and filtration technologies, pipeline analysis, rehabilitation and repair services, contract operating services and state-of-the-art residential metering products and services. Our international management services business provides support in all aspects of water and wastewater utility development and transformation. Severn Trent Services is a member of the Severn Trent Plc (London: SVT.L) group of companies. An international environmental services leader, Severn Trent is a FTSE 100 company.
Coast to Coast Water Ltd. field technicians have begun
providing water and wastewater services to approximately
1,500 UK Ministry of Defense sites throughout England.
Laura Egbert
Assistant Account Executive
Boyd Tamney Cross
Suite 1015
994 Old Eagle School Rd
Wayne PA 19087
D 610.254.7432
F 610.687.6977
www.boydtamneycross.com
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