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Gold/Mining/Energy : SNC
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To: Gilbert Drapeau who wrote (151)3/15/2001 11:54:58 AM
From: Gilbert Drapeau  Read Replies (1) of 161
 
SNC-Lavalin Continues Growth in the Water Sector in
Venezuela

MONTREAL, QUEBEC--MARCH 15, 2001 - 11:11 EST
SNC-Lavalin has signed a US$15 million contract
with the Venezuelan Ministry of Environment and Renewable Natural
Resources for the final design and execution of two waste water
pumping stations, treatment plant and connecting pipelines for the
eastern peninsular city of Carupano in Sucre state. Sewage is
presently discharged at sea by the municipality. This project
will therefore have a considerable impact on the quality of the
environment in the area.

Financing has been arranged by SNC-Lavalin Capital Inc., a
subsidiary of SNC-Lavalin, through Export Development Corporation
of Canada (EDC) and Fortis Bank (Belgium and US) with support from
the Export-Import Bank of the United States.

SNC-Lavalin has been present in Venezuela since 1975 and has
carried out projects in the development of water resources in
various regions.

SNC-Lavalin Group is one of the leading engineering and
construction firms in the world, and a key player in the ownership
and management of infrastructure. The group and its companies
have offices across Canada and in 30 other countries, and are
currently working in some 100 countries. The company is listed on
the Toronto Stock Exchange (symbol: SNC).
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