PF Archive

Sofia water – preferred bidder announced

01 12 1999

The Municipality of Sofia has selected International Water and United Utilities as preferred bidders for the city's water and wastewater concession. PricewaterhouseCoopers acted as financial advisers to the authorities in the development of the concession and its tendering process. The shortlist for the concession, stipulating a minimum capital expenditure of $150 million over 25 years, included Suez Lyonnais des Eaux and a consortium comprising Vivendi, Marubeni and Berliner Wassertriebe. The selection of the winning bidders, announced November 30, was responsibility of the city's tender selection committee, working through the framework devised with PwC, lawyers CMS Cameron McKenna and engineers Hyder Consulting. The two partners, already engaged...