Latest Water News

Top Story

Fitch downgrades several Brazilian construction companies

Fitch has downgraded the ratings of three Brazilian engineering and construction (E&C) companies, following a number of recent corruption scandals in the country involving contractors

EXCLUSIVE Orascom lowest bidder on Egypt’s Abu Rawash wastewater

A consortium led by local company Orascom Construction Industries has entered a significantly lower bid for than the only other bidder for the Abu Rawash wastewater PPP in Egypt, according to sources close to the tender

Deloitte wins advisory for British Columbian wastewater

The Greater Vancouver Sewerage and Drainage District has named Deloitte as financial adviser for the C$700 million ($567.5 million) Lions Gate secondary wastewater treatment project in British Columbia

EXCLUSIVE Petition rejected for Abu Rawash wastewater tender

A Egyptian government committee has turned down a petition from an Orascom Construction-led consortium against the technical bid submitted by its rival for the Abu Rawash wastewater project

ProInversión picks supervisers for Chavimochic III irrigation

Peru’s private investment promotion agency ProInversión has picked the CESEL-Tractebel consortium to supervise the development of the third phase of the Chavimochic irrigation project in Peru

Sweco announces merger with Grontmij

wedish engineering firm Sweco and Amsterdam-listed Grontmij have today (1 June 2015) announced a conditional agreement for Sweco to acquire all ordinary shares in Grontmij

EXCLUSIVE Indonesia grants VGF for Bandar Lampung PPP

Indonesia’s Public Works Ministry has finally granted viability gap funding for the INR3.7 trillion Bandar Lampung PPP in Indonesia

China unveils ambitious PPP plans

The National Development and Reform Commission, China’s state planning agency, has announced more than 1,000 projects totaling CNY1.97 trillion to be procured as PPPs

US private equity firm invests in CH2M Hill

Apollo Global Management has signed an agreement today (28 June 2015) to invest $300 million in the equity of CH2M Hill, the UK headquartered consulting, design and programme management firm

EXCLUSIVE Complaint delays Abu Rawash wastewater mandate

Egypt’s PPP Central Unit has delayed the opening of financial bids for the Abu Rawash wastewater project in Egypt following a complaint submitted by one of the two remaining bidders

Ho Chi Minh prepares wastewater PPP

Vietnam’s Ho Chi Minh City is seeking developers to submit plans to develop the $300 million Tan Hoa-Lo Gom canal basin wastewater treatment PPP project

EXCLUSIVE AQM Capital raises $450m for first equity fund

Aquamarine Investment Partners (AQM Capital), the New York-based fund management business, has raised a total of $450 million for its maiden equity fund, IJGlobal has learnt

Golding Capital Partners pre-marketing new infra fund

German fund of funds manager Golding Capital Partners (GCP) has closed its Golding Infrastructure SICAV VII fund, at €590 million ($657 million), and is in pre-marketing for the next infrastructure fund with a €300 million target

UPDATED: Severn Trent divests water purification business

London-listed water utility Severn Trent has entered a binding agreement to sell its water purification business to Milan-based Industrie de Nora, with the transaction valuing the enterprise at £61.9 million ($99 million)

Deadline looms for Thames Tideway Tunnel final bids

As the final bids are due Friday next week (15 May 2015) for the financier of the UK’s super sewer Thames Tideway Tunnel, one of the consortia has engaged another equity partner

Abengoa wins water contracts in Colombia

Abengoa has won contracts for the design, supply, construction, assembly and commissioning of two water treatment facilities in Colombia