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IBT of Miami's parent company to build $46 million water treatment project in Sri Lanka
Eurofinsa, the principal shareholder of IBT of Miami, won the $46 million infrastructure contract. Partly financed by the government of Spain, the project is just a portion of a long-term plan by Sri Lanka's Ministry of Water Supply and Drainage to guarantee the supply of drinking water to the country's entire population of 21 million. The project is expected to be completed in 2020.
"At present, the supply of potable water in Sri Lanka is practically non-existent. The water purification project built by Eurofinsa will positively contribute to the social and economic development of the region, will optimize the existing water resources and guarantee a water supply in a sustainable and respectful way," said Daniel Toledano, managing director and chief operating officer of IBT of Miami.
Eurofinsa, a Spanish multinational group specialized in the development of public infrastructure, will carry out the project across 125 localities near the Inginimitiya Reservoir. Besides building the water treatment plants, it will lay 328 kilometers of underground pipes that will deliver 11,000 cubic meters of potable water daily. Formerly known as Ceylon, Sri Lanka is one of the world's largest producers of tea.
To guarantee continuity once the project is complete, Eurofinsa has developed a program to train qualified personnel in the areas of administration and management, operation and maintenance of the facilities, and compliance with sanitary regulations for water purification.
IBT is a business group specialized in the development of public works, implementation of construction projects and equipment for public institutions. Its solutions are comprehensive and range from engineering, studies, design and construction;
Wragg & Casas Strategic Communications