The Romanian subsidiary of Blom, has signed a contract to deliver technical assistance for new infrastructure; “Extension and rehabilitation water and wastewater infrastructure in Hunedoara County”. The expected value of the agreement is approximately NOK 22 million. The project will start in 2012 and go over an estimated period of 43 months.
The project includes technical assistance and supervision of planning of extension and rehabilitation of infrastructure for water and waste water treatment.
The contract confirms that the company's strategy to expand its activity in the growing economies in Central and Eastern Europe continue to yield results. The contract also cements that the company has successfully been able to expand into new services to its established customer base in this region.
The infrastructure in many Eastern European countries has a significant need for renovation and expansion. During the last years funding for this kind of projects has increasingly been made available by among others the EU and the World Bank. Blom experiences an increased level of public tenders related to infrastructure projects, of which the water and waste water management project in Hunedoara County, Romania, is an example.
For further information please contact:
Dirk Blaauw, CEO Blom ASA, at tel: +47 22 13 19 23 or
Lars Bakklund, CFO Blom ASA, at tel: +47 22 13 19 34