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Pöyry Oyj PÖYRY PLC Company Announcement 15 July 2008 at 10.00 a.m.
PÖYRY AWARDED EUR 7 MILLION ASSIGNMENT FOR MELAMCHI WATER SUPPLY PROJECT IN NEPAL
Pöyry together with its consortium partners has been awarded a consultancy contract by the Melamchi Water Supply Development Board, Nepal, comprising design and construction supervision services for the headworks and a 26.5 km long diversion tunnel. Pöyry's share of the contract value is about EUR 7 million.
This USD 350 million project is essential for Kathmandu's 1.5 million residents, most of whom receive tapped water for only a couple of hours a day. Many people rely on alternative water sources such as shallow wells, public taps, rainwater, tankers or bottled water.
The biggest civil works package under the project is the 26.5 km water diversion tunnel. The tunnel will divert 170 million litres of water daily from the Melamchi River to Kathmandu Valley to ease chronic water shortages in that area. Construction of the water tunnel will start by beginning of 2009 and should be completed by 2013.
The Melamchi project is funded by loans from the Asian Development Bank and the Nordic Development Fund. Other donors are the Japan Bank for International Cooperation, the Japan International Cooperation Agency, the Nordic Development Fund and the Organization of Petroleum Exporting Countries Fund for International Development. The Government of Nepal is contributing USD 90 million.
The order will not be included in Pöyry's order stock as at 30 June 2008 in the Interim Report to be published in July.
Pöyry is a global consulting and engineering firm focusing on the energy, forest industry and infrastructure & environment sectors. Pöyry's net sales in 2007 amounted to about EUR 720 million and it employs 7400 experts.
PÖYRY PLC
Heikki Malinen President and CEO
Teuvo Salminen Deputy to President and CEO
Additional information by: Martin Bachmann, President, Pöyry Infra AG, Switzerland Tel. +41 76 356 2063 Pasi Tolppanen, President, Pöyry Infra Oy, Finland Tel. +358 40 541 6656
www.poyry.com
DISTRIBUTION: OMX Nordic Exchange Helsinki Major media
