Further to the International Bid Veolia Water arrived in Armenia.
On the 14th December, 2005, Veolia Water and the RA Territorial Administration Ministry, represented by the State Committee for Water Economy, signed a 10-year Lease Contract for Yerevan water supply and wastewater systems.
The contract was awarded following an international competitive bidding process overseen by the World Bank.
''The offer we made as part of the competitive bidding process was successful not merely on account of its technical quality, but also because it was the most cost-effective for the consumers. This contract represents an additional opportunity for us to demonstrate that public-private-partnership for water services in a transition country is an attractive solution for all parties concerned - the contracting authority, consumers and the operator'', stated Antoine Frérot, Veolia Water's Chief Executive Officer.