VA Tech Wabag, a Chennai based company specializing in waste water management is expanding into Tanzania.
The deal will see the construction of a 34 million gallon a day water treatment plant located in Upper Ruvu as part of a design and build contract with Dar Es Salaam Water & Sewerage Authority (DAWASA).
The project valued at USD 40 million will be funded by Exim Bank of India under the Indian line of credit.
The decision was partly prompted after the company’s strong results from its existing presence in North Africa, including Egypt and Algeria.
Wabag Managing Director, Mr Rajiv Mittal stated that the move into Tanzania was part of the company’s wider attempts to expand into new geographies
In 2012 the Indian government provided a USD 178 million loan for the implementation of water projects to alleviate water scarcity in Dar es Salaam by 2014.
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