The Ministry of Defence Project Aquatrine Package C Contract was awarded to C2C on 27th October 2004. Making this deal happen involved considerable and sustained effort, commitment and vision from both the MOD and its industrial partners.
An independent barometer of the significance of this achievement has been the recent joint awarding of the European Deal of the Year to C2C and TWN from Global Water Intelligence (GWI). Uniquely, GWI monitor all major water projects across the globe and, following an extensive voting and judging process, Aquatrine’s latest deals have been considered the best in Europe.
What Global Water said about the award for Package C:
‘Package C of Project Aquatrine is a 25-year contract which will deliver water and wastewater services to approximately 1,500 Ministry of Defence sites throughout the south-east, east and north of England. The C2C Consortium of Severn Trent Water and Costain signed the contract for Package C with the Ministry of Defence in December 2004.
The Judges’ Verdict: A complex but innovative deal that, together with Package B, overshadowed all other project finance initiatives in Europe during 2004.’