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.