28 March 2003 13:30
Soil and Water awarded two significant water resource management projects
Soil and Water Ltd, which is a member of the Jaakko Poyry Group's Infrastructure & Environment business
group, has been awarded two water resource management projects in Africa and Russia. The total value of the contracts is
approximately EUR 4 million.
A consortium led by Soil and Water Ltd has won the bidding arranged by the Finnish Ministry for Foreign Affairs for a
consulting assignment in Africa. The project aims at harmonisation of the national policies and programmes of Egypt,
Ethiopia and Sudan into a regionally accepted water resource management approach. A further aim is to facilitate the
trans-boundary co-operation in the Nile catchment by developing the organisation of the regional co-operation unit and
by providing advisory services. The value of the contract is about EUR 2 million and the project will be completed at
the end of 2005. Soil and Water Ltd has also secured a contract with the European Commission TACIS programme for water
management in the Lake Chudskoe catchment at the Russo-Estonian border. The project will be implemented by a consortium
of three companies led by Soil and Water. The contract includes preparation of a plan to reduce nutrient loads, training
and public awareness raising, as well as development of the legislative framework. Another aim is to improve
cross-border co-operation for environmental protection efforts at Lake Chudskoe. The value of the assignment is
approximately EUR 2 million and it is scheduled to be completed by the end of 2004. Jaakko Poyry Infra's target is
to secure large-scale water resource management projects and to establish a stable market share of the growing markets.
The above projects are a major step towards this goal. The Jaakko Poyry Group's Infrastructure & Environment
business group uses the brand name Jaakko Poyry Infra. Its net sales for 2002 were EUR 123 million. The business group
has offices in 12 countries and it employs 1300 experts worldwide. JAAKKO POYRY GROUP OYJ Satu Peralampi Investor
Relations
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