Veolia Environnement has been awarded the nine-year public realm contract by Brent Council, which will start in April 2014. The contract is valued at £142.3 million and has an option to extend for a further seven years.
The new contract comprises the services which Veolia has provided to the borough since 1992, including recycling and refuse collections, street cleansing and winter maintenance. In addition, the new contract includes the additional services of grounds maintenance of parks, open spaces and Brent Housing Partnership land.
Estelle Brachlianoff, Director UK and Northern Europe for Veolia Environnement, said:
"We have been in Brent for over twenty years, the first London borough contract we won and one of the first in the UK altogether. The special demands of Brent and its residents are complex and unique which made the winning of this contract particularly pleasing as we look to further develop the service on this valuable and prestigious contract."
Councillor Muhammed Butt, Brent Council Leader, said:
"This contract will deliver value for money for Brent's council tax payers as well as cleaner and greener public spaces and a lower carbon footprint for the borough. Most importantly it will help ensure Brent remains a place which résidents can take pride in. I look forward to working with the company on delivering this new contract."
Veolia Environnement is a corporation listed on the NYSE and Euronext Paris. This press release contains "forward-looking statements" within the meaning of the provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements are based on management's current expectations or beliefs and are subject to a number of factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements, including the risks described in the documents Veolia Environnement has filed with the U.S. Securities and Exchange Commission. Veolia Environnement does not undertake, nor does it have, any obligation to provide updates or to revise any forward-looking statements. Investors and security holders may obtain a free copy of documents filed by Veolia Environnement with the U.S. Securities and Exchange Commission from Veolia Environnement.