Press releases and news

Paris, 05/21/2010.

Staffordshire selects Veolia as Private Finance Initiative (PFI) preferred bidder

Leading UK recycling and waste management company, Veolia Environmental Services plc, has been selected as the preferred bidder by Staffordshire County Council for its 25-year PFI residual waste treatment and disposal contract.The contract is worth approximately one billion pounds (cumulative revenue, including third party waste and sale of electricity).

The bid provides a local solution to Staffordshire's residual waste management needs as well as assisting the towns of Sandwell and Walsall and County of Warwickshire. A state of the art Energy Recovery Facility (ERF) is proposed at a site on the Four Ashes Industrial Estate that will provide forty long-term jobs, as well as contributing to the local economy.

Designed to handle 300,000 tonnes per annum of residual waste, the ERF will provide in excess of 23MW to the National Grid - sufficient to power 32,000 homes. It is scheduled for completion at the end of 2013 and will further increase landfill diversion in a county that already recycles over 44% of its waste.

Robert Marshall, Staffordshire County Council, Cabinet Member for Regeneration and Infrastructure

"The Waste to Resource project is all about prudent investment in the future. Veolia have had to make their case in an intensely competitive and demanding process and we believe the company has demonstrated the best value for the tax payer and top quality technological and environmental credentials."

Denis Gasquet, Chief Executive Officer of Veolia Environmental Services

"Our proposal contributes towards the County Council's Waste to Resource project and its overall target of aiming towards Zero Waste to Landfill by 2020. We look forward to signing the contract with the County Council in due course and then developing a well-designed facility which complements the surrounding area."

Important Disclaimer

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.