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The Beginnings; Our Objectives

Szegedi Vízmű Kft. was established in 1994 as a limited liability company, then in 2001, it was transformed into a share-holding company under the name of Szegedi Vízmű Rt. (Szegedi Vízmű Zrt.as of 13th April, 2006). The Municipality owns 51% of the Company’s shares, while Veolia Víz Zrt., the Hungarian subsidiary of the French professional investor, Veolia Eau is a 49% owner.

The contract between the parties sets long-term ownership rights and obligations, and it also specifies the share of water utility management tasks and activities. The Municipality owns all the water utility assets (pipelines, reservoirs, pump-stations, technical machines and equipment), while the operator waterworks company pays a network rental fee for the usage.

Municipality

www.szegedvaros.hu

The responsibilities of the Municipality:

  • on the basis of the long-term plans of the town, deciding about the priorities and the schedule of water utility developments (new constructions);
  • through a standing committee, defining the development, investment and renewal projects financed from a Construction Fund.

The advantages of the cooperation for the Municipality:

  • all public water utility assets remain in the ownership of the Municipality;
  • the Municipality can use the external resources (e.g. state and EU subsidies) in the most favourable way possible since it has its “own resources” thanks to the Construction Fund;
  • the Municipality is a majority owner in the Company;
  • by ranking and prioritising developments, investments and renewals, the assets of the public utilities will be in a much better and more modern condition than before the cooperation;
  • levels of responsibility and decision are appropriately separated;
  • the Municipality makes strategic decisions,

The responsibilities of Szegedi Vízmű:

  • providing healthy drinking water to the inhabitants, institutes and industries of Szeged and Algyő;
  • collecting, draining and treating wastewater and rainwater, and rechanneling it into the natural environment;
  • protecting, maintaining and systematically renewing the already existing and newly constructed public utilities, facilities and equipment;
  • paying network rental fee to the Municipality, which is a source of the Construction Fund;
  • giving professional proposals for network renewal and development;

Veolia Eau

www.veoliaviz.hu

Veolia Eau, which has a history of 150 years, is the largest branch of Veolia Environnement, being present in 69 countries worldwide.

Its legal predecessor, Compagnie Générale des Eaux (CGE) was founded in 1853. Veolia Eau is the worldwide leading water public utility operation company. In 2011 the company had a revenue of EUR 12.6 billion, it now employs 96 651 people and supplies 176 million consumers worldwide.

The main partners of Veolia Eau are municipalities who specify the demands according to which the company offers a full range of professional services. The services include all the elements of water circulation from water production to wastewater treatment. A research team of 850 experts working with an annual research budget of EUR 55.1 million ensures a solid background for a high level service that can satisfy a wide range of demands and expectations.

The Group enjoys a leading role in Hungary also in the area of water and sewage services. The Group established its Hungarian branch in 1992 under the name of Veolia Víz Zrt.

The Hungarian water public utility associates of Veolia Víz are the following: The cooperation is based on professional expertise and long-term dedication, as a result of which the public water utility assets of Szeged have gone through significant development in recent years.

The case of Szegedi Vízmű Zrt. exemplifies how Hungarian experts together with investors having an experience of 150 years can make a business enterprise one of the most successful waterworks company of Hungary.