June 29, 2010 (FinancialWire) (Go to http://www.financialwire.net/?s=ftrdnwswnd for all of today’s featured news.) — Arcadis (OTC: ARCVF), a design, consulting, engineering and management services firm, said that a consortium led by its Brazilian subsidiary Arcadis Logos, has signed a $54 million contract with SABESP, the Sao Paulo State Basic Sanitation Company. Under the contract Arcadis will provide project management services for the extension of the infrastructure for collection, removal and treatment of waste water in the Sao Paulo metropolitan area. The project, entitled Tiete – phase III, has a five year time frame. Arcadis Logos said it holds a 35% share of the five year contract.

According to the company, total investment for the program will amount to $1.1billion. Its main objective is improvement of the environment and the quality of life for the population in the extreme northern and eastern sections of Sao Paulo.

The project comprises the construction of 1,250 km additional sewerage network, 580 km of main sewers and interceptors, and the increase of the sewage treatment capacity by 7.4 m3/s.

Project completion is scheduled for the year 2016 and is expected to generate around 80,000 direct and indirect jobs. At the peak of its activities, the consortium management team will mobilize around 200 people.

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

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