Spanish firm wins $6b deal

Spanish firm wins $6b deal

MADRID (AFP): Spain's public works company Dragados is to sign
a contract worth more than 1,000 billion pesetas (US$6.6 billion)
to supply water and power to the Moroccan capital of Rabat, the
firm said here.

The contract grants a consortium headed by a Dragados
subsidiary, Urbasser, the concession on Rabat's water and
electricity services for 30 years, Dragados said.

Other members of the consortium were Portugal's national
electricity company and the Pleyade group, and Alborada of
Morocco.

Dragados said that investments required in infrastructure
would cost around 200 billion pesetas.