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Va Tech bags $40 million order from Tanzania

The project is funded by EXIM Bank

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T E Narasimhan Chennai
Last Updated : Jan 10 2014 | 10:33 AM IST
Va Tech Wabag (Wabag), a leading Indian MNC in water and waste water management, today said that it has bagged its first ever order in Tanzania. The value of the order is $40 million.
 
The company said that the project is funded by EXIM Bank of India under the Indian line of credit. It is a design and build contract from Dar Es Salaam Water & Sewerage Authority (DAWASA) for a value of $ 40 Million.

The scope of the work comprises building of 130 MLD Upper Ruvu Water Treatment Plant in The United Republic of Tanzania.

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Commenting on this development, Rajiv Mittal, Managing Director in a statement said, "We are delighted that our efforts in the Sub-Sahara region have started yielding results. Wabag is already present in North African market and with this order we are further expanding our footprint into newer geographies."


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First Published: Jan 10 2014 | 10:30 AM IST

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