Veolia Environnement Ve SA's Subsidiary Secures Contract

Veolia Environnement Ve SA announced that the city of Rialto and Rialto Water Services (RWS) have awarded Veolia Water North America, a Veolia Water subsidiary, a contract to manage the city's water and wastewater systems. The 30-year contract is valued at approximately $300 million in revenues for Veolia Water. As part of that concession, RWS hired Veolia Water North America, a Veolia Water subsidiary, to manage the city's water and wastewater systems. The financing mode mode is original, as the city of Rialto has received $35 million in an upfront cash payment and secured $41 million in funding for future water and wastewater system improvements through a concession contract signed with RWS, a special purpose company established by Table Rock Capital and a Ullico affiliate.