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May 24, 2010 (FinancialWire) — Arcadis (OTC: ARCVF) an international consultancy, design, engineering and management services firm, said that its affiliated company in Brazil, Arcadis Logos, has signed a $80 million contract with Samarco, a company owned by Vale and BHP, to provide project management services for the realization of a pelletizing plant project.

The project, with a total investment of about $2.8 billion, aims to increase the installed capacity of the Ubu Pelletizing Complex up to 30 million tons per year.

According to Arcadis, the P4P project comprises the construction of a new iron ore plant, in the state of Minas Gerais, and a new pelletizing plant integrated into an iron ore stockyard, in the state of Espirito Santo.

The two sites will be linked by a pipeline with a total length of 400 km, as part of the P4P project. The project will be implemented in two phases with a total duration of almost four years. The first phase, from May to December 2010, will focus on the consolidation of the feasibility studies and will represent around 5% of the total contract value.

The start of the second phase is conditional to approval by the shareholders in December 2010. The second phase will entail implementation of the project and is scheduled to be completed by December 2013 with the start-up of the pelletizing operation.

Arcadis Logos will provide project management and consulting services for Samarco with a team of around 230 people on four job sites.

Netherlands-based Arcadis is an international company providing consultancy, design, engineering and management services in infrastructure, water, environment and buildings.

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