Annual Report 1999 • 2000

Annual Report 1999 • 2000 The Danish stand at EXPO 2000 in Hannover consists of a central pavilion and three glass-clad theme pavilions with the form of a pyramid, a hemisphere and a cube. The concept was developed by the architects Bysted A/S. COWI was responsible for the construction, installations, calculations and approval by the German authorities. Contents

Executive Management Report 2-5

Knowledge and Development 6-7

The COWI Group 8-9

Economics and Management 10-11

Development Planning 12-13

Environment 14-15

Environmental Projects 16-17

Roads and Airports 18-19

Rail, Metro and Tunnel 20-21

Bridges, Marine and Foundation Engineering 22-23

Building and Operation 24-25

Industry, Energy and IT 26-27

COWI Subsidiaries 28-35

Intellectual Capital Accounts 36-41

COWI Consolidated Accounts 1999/2000 42-48

COWI Addresses 49-51 Executive Management Report

Growing markets The ﬁ nancial result for 1999/00 is re- The Danish market for consultancy as- garded as satisfactory, taking into account signments developed well during the year. the resources spent during the year on the Declining activity in major, conventional internal rationalisation project, Project construction projects was countered by Proﬁ tability, the implementation of a new the increasing demand for consultancy administrative framework system based on expertise in Operations and Maintenance, SAP-R3, and the extensive modernisation major building projects and feasibility of the organisation. Growth in the parent studies. We are also seeing growth in IT, company and some subsidiaries was management, environmental and plan- positive, though certain subsidiaries, re- ning tasks. grettably, reported a loss. The volume of international assign- Group turnover rose to DKK 1,377 ments is now growing faster than that of million, with that of the parent company Danish assignments, a development rising to DKK 1,148 million. Group turn- which is in accordance with our corpo- over outside Denmark represents half of rate strategy. the total turnover.

Much improved fi nancial Major Danish assignments performance Among the most important major assign- The Group’s fi nancial development in ments in Denmark is the completion of the 1999/00 has been turned around and is Øresund Bridge between Denmark and considerably better than in the previous Sweden. There is still a high level of activi- fi nancial year. Both operating profi t and ty in the construction supervision of the profi t before and after taxes showed no- Copenhagen Metro and projects are con- ticeable improvement. Group profi t for tinuing on the Copenhagen waterfront. 1999/00 was a surplus of DKK 19 million In the fi eld of energy, we are designing before taxes and DKK 6 million after taxes. incineration plants at Esbjerg and Århus The Board of Directors recommends that in Denmark, together with the architects a 10% dividend be paid and that the Friis & Moltke. remainder be transferred to next year. The new head offi ce of DR, the Danish Broadcasting Corporation, in Ørestad, Copenhagen, and the new National Archives are among the most important building assignments during the year.

COWI’s head ofﬁ ce in Lyngby is growing. The Executive Management at the building site: from left, Henning Therkelsen (Executive Direc- tor, International Operations), Keld Sørensen (Financial Di- rector, CFO) Knud Østergaard Hansen (Executive Director, Danish Operations) and Klaus H. Ostenfeld (Managing Director, CEO).

2 COWI 99 • 00 The Øresund Bridge between Denmark and Sweden, opened on 1 July 2000, is one of COWI’s most Broad spectrum of international end of the scale, we planned and executed visible assignments. COWI carried out the detailed assignments international marketing for the CAT design together with Efforts to win more assignments abroad Alliance formed by COWI, Enviros SWECO. More than 100 have proved succesful—we now have a Aspinwall and Tauw, which offers envi- COWI employees were involved. broad spectrum of projects in the ﬁ elds of ronmental risk assessment in connection environment, urban development and with clients’ acquisitions of facilities. major civil works. Among these are the In the course of the year, we were in- design in Sweden of the 7 km Malmö creasingly successful in winning locally- City tunnel, together with SWECO, and ﬁ nanced assignments abroad against the Årstavik railway bridge. We also im- tough competition. One of these was the plemented an extensive multi-disciplinary tender design of a very large double assignment to reorganise the Kiev Water suspension bridge across the Chacao and Wastewater Enterprise in Ukraine, Channel in Chile. involving plans for renovation, extension and operation of its facilities. At the other

1995/96 1996/97 1997/98 1998/99 1999/00 Turnover 1,224.3 1,324.6 1,354.1 1,328.5 1,377.3 Profi t before tax 70.1 62.8 40.9 -19.8 19.0 Profi t after tax 36.9 42.3 25.0 -4.5 6.0 Total assets 813.8 935.7 934.3 900.7 1,004.4 Equity capital 239.1 277.9 299.5 295.0 297.5 Equity capital % 29.4 29.7 32.1 32.8 29.6 Profi t ratio % 4.1 3.2 1.5 -2.8 0.3 Key Group fi gures DKK million

3 COWI 99 • 00 Executive Management Report

New market-oriented approach Bright prospects for Project Profi tability, an extensive internal earning power project with 18 sub-projects, has created The order book at year end showed the the basis for broader and more direct same satisfactory situation as last year. contact with the clients and better project Project Profi tability and the new or- management, with a new, effi cient organi- ganisation will enable us in the coming 1,455 parent company staff by training sation. year to raise our earnings to the level of (Denmark) We expect that this new market- the global leaders in the international oriented and specialised organisation, to- consulting business. In fi nancial year

58% gether with new work processes and more 2000/01, we expect a turnover similar to extensive use of IT, will improve perform- that of 1999/00 with an improved profi t. ance and enhance profi tability. A fi nancially sound business is a pre- 6% 14% 9% 13% We have introduced a new career sys- requisite for creating the right working tem by which project management and conditions for creative employees, the technical specialisation will become inde- necessary specialist development and ex- Engineers pendent career paths on a par with line pansion into new and promising markets. Other academics management. This will provide a good Work on implementing a new offen- Technicians and others Administrative position from which to retain our image sive strategy for communications and Others among students as one of the most pre- sales, and the development of the Group’s ferred potential employers. A survey con- Intellectual Capital Accounts, will continue. ducted by Universum among engineering As part of a coordinated campaign for students shows that COWI is once again the globalisation of the COWI Group, we rated as a worthy number two. will implement, in the course of the com- Group staff numbers now total 2,087, ing fi nancial year, a corporate strategy with 1,455 based in Denmark and 632 with the active participation of the sub- abroad. sidiaries. This strategy will create the

COWI has introduced a new career system with project management and technical specialisation on a par with line management.

4 COWI 99 • 00 700

600

500

400

300

200

100

0 < - 5 - 10 - 15 - 20 - 25 - >

1,455 parent company staff by seniority (Denmark)

500

The largest nature restoration project in Danish 400 history—Vest Stadil Fjord in Jutland. COWI has been 300 lead consultant from con-

cept to implementation. 200

100

0 basis for the companies’ future business We also predict slow improvement on the < - 20 - 30 - 40 - 50 - 60 - > plans. We will concentrate on improving European market. In Russia and other 1,455 parent company staff earnings, rather than increasing turnover, Eastern European countries, we expect by age (Denmark) through continued development of activi- the market to develop and grow. Activi- ties in already proﬁ table sectors and con- ties in North America have increased solidation in others. considerably in 2000 and are expected 2500 to remain at the same high level in the

Prospect for market growth coming fi nancial year. 2000 A We expect the Danish market to develop With the successful combination of 1500 even further, particularly in tendering of development and specialist skills, effi cient B services in close collaboration with our execution of assignments and a sound 1000 clients. New models for cooperation be- and healthy business, the COWI Group is C tween public and private companies, well equipped to face the challenges of 500 combined with refi nement of specialist the future on the competitive national 0 skills in IT and management, are present- and international markets. 1996 1997 1998 1999 2000 ing exciting new opportunities. COWI Group staff members 1996-2000 (year end)

A: 516 in subsidiaries B: 116 in parent company abroad C: 1,455 in parent company in Denmark

5 COWI 99 • 00 Knowledge and Development

Development at the practical level Our consultancy has two overall objectives—it must meet the needs of the clients and it must bring about innovation. Only when both these objectives have been ful- fi lled through practical collaboration between clients and staff will we create development. In COWI, we have a tradi- tion for development, which we support through knowledge management. This We have analysed the puts the client and the employee at the risk of fi re in the storage focal point and will lead to better consul- The fi shing industry is rooms of the new National interested in using its re- Archives in Ørestad, tancy and greater job satisfaction. sources in a sustainable Copenhagen. The analysis We are taking part in a development manner. We developed ro- included security measures, bots based on vision tech- escape routes and choice project on Intellectual Capital Reports nology, by which skippers of materials. Steel shelving with the Danish Agency for Trade and can see what kinds of fi sh systems and concrete Industry, 16 other Danish companies and are being caught, and in elements were fi re-tested. a number of researchers. This year, we what quantities. This ensures that their catch will be have concentrated on the form and struc- within quotas and by-catch ture of the Intellectual Capital Report and regulations. worked towards making knowledge management an integrated part of COWI’s daily work. Specialist networks are nerve centres Development projects The ability of the staff to provide increas- To ensure innovation, we have started up ingly qualifi ed consultancy is highly de- 23 development projects from a special pendent on their relations with each other central development pool on a trial basis. and with external experts. We therefore They all involve inter-disciplinary and regard inter-disciplinary networks as cross-organisational issues such as: nerve centres. During the year, we have • natural degrading of contaminated soil strengthened these by establishing addi- • economic assessment of all aspects of tional networks in project management, building and construction projects IT development, GIS systems, graphic • evaluation of what changes mean to design and telecommunications, as well the individual and to society as environment, health and safety. The • mechanical and electrical installations networks act as forums for specialist on major bridges dialogue and development of Best • development of secretarial skills and Practices, a vital factor in our sharing of qualifi cations knowledge. • sustainable development.

6 COWI 99 • 00 Inter-disciplinary specialisation a keyword Specialist knowledge and inter-disciplinary collaboration are integral elements of consultancy services today. Inter-disciplinary contact ensures broader understanding and is the key to creating holistic solutions to complex challenges. We have conducted workshops, in which specialist groups of engineers, biologists, economists and others worked closely together to develop new services. One example of an inter-disciplinary project is the modernisation of Kiev Water and Wastewater Enterprise, which serves 2.6 million people. Many departments and specialist groups have studied the organisational, ﬁ nancial, socio-economic and technical aspects and consequences of the modernisation process.

Geographic view of the environment Another result of the inter-disciplinary collaboration is the environmental tool EDMAP, Environmental Data Manage- ment and Presentation, which combines Poor quarry workers in India. environmental knowledge with under- More than one billion people live under the UN’s poverty standing of sophisticated information tech- threshold. COWI is at the nology. It is a tool that can digest environ- forefront of developing methods to help alleviate mental data and present it on the Internet poverty. We include the poor from any geographical perspective required. themselves as active partici- It was developed in close cooperation pants in the process of for- mulating strategies. with several COWI Group members.

We are studying the possibilities of stabilising local road materials using natural pozzolans, some of which come from this deposit of volcanic ash at Arusha in Tanzania. This will support local industry and reduce costly transport of raw materials.

7 COWI 99 • 00 The COWI Group

Employees COWI Foundation Codan and Danica B-shares A-shares B-shares

Danish offi ces Offi ces abroad Lyngby Sorø Aalborg Vejle Svendborg Belgium Uganda Vietnam Consulting Engineers (Head Offi ce) Århus Viborg Kolding Odense Norway Ghana and Planners AS Gladsaxe Holstebro Esbjerg

Wholly and partly owned Wholly owned Associated companies companies abroad companies in Denmark in Denmark

BaUm COWI Ben C. Gerwick, Inc. COMAR Engineers A/S DANPORT Bau- und Umweltplanung San Francisco, California USA (93%) (100%) The Danish Port GmbH Consultancy Group AS Berlin, Germany (100%) COWI Canada Ltd. MATCON (50%) Saint John, Canada (100%) Consulting Engineers and Hjellnes COWI AS Planners A/S Danish Concrete Institute A/S Oslo, Norway (50%) Buckland & Taylor Ltd. (100%) (14%) Vancouver, Canada (100%) COWI Tanzania OC Consulting Engineers and UAB COWI Baltic Consulting Engineers and Planners Ltd. Consulting Engineers Planners A/S Dar es Salaam, Tanzania (100%) and Planners (100%) Vilnius, Lithuania (100%) COWIconsult BRUUN&SØRENSEN International Ltd. COWI Polska GROUP AS London, England (100%) Sp. z o.o., (100%) Warsaw, Poland (100%) Moscow Representative Ofﬁ ce of COWIconsult International Studstrup & Østgaard A/S COWI Philippines, Inc. Ltd. Consulting Engineers and Manila, Philippines (100%) Moscow, Russia (100%) Planners (100%) Beijing YAN-DAN KAGISO-COWI Heat Energy Technology Consultancy (Pty.) Ltd. Enviroplan International A/S Development Co. Ltd. Johannesburg, South Africa (50%) (100%) Beijing, China (30%)

COWI-ALMOAYED Covitecma S.A. GULF W.L.L. Madrid, Spain (25%) Manama, Bahrain (49%)

COWI Hungary Ltd. Budapest, Hungary (100%)

COWI Board of Directors Consulting Engineers and Planners AS Management

Central Services

Div. Div. Div. Div. Div. Div. Div. Div. Div. D01 D02 D03 D04 D05 D06 D07 D08 D09

Regions in Denmark and ofﬁ ces abroad Economics and Management Development Planning Environment Projects Environmental Roads and Airports and Tunnel Rail, Metro Bridges, Marine and Foundation Engineering Building and Operation Energy and IT Industry,

8 COWI 99 • 00 The Management

The company under the name A. Al Rabiah & Partner. Board of Directors COWI was founded in 1930 by Chr. At the same time, we also sold our 75% Ostenfeld, Dr. Techn. Sc. He was joined share in Covitecma SA, Spain to the com- Jørgen Madsen Chairman three years later by Wriborg Jønson, pany Europroject s.a., Barcelona, Spain. M.Sc. In 1935, the company undertook The company continues as an associated Jørn Schønnemann Deputy Chairman its ﬁ rst assignment outside Denmark. company in the Group. From 1946 to 1973, the company Ole Steen Andersen operated as a partnership under the name Organisation Henriette Bundgaard* Chr. Ostenfeld & W. Jønson. In 1973, the From 1 January 2000, we have imple- company became the foundation-owned mented an extensive modernisation of Ida Tom Garre* limited company COWIconsult, Consult- COWI’s organisation. Peter Michael Steen Jacobsen* ing Engineers and Planners AS, a name The former structure, with three divi- which was shortened to COWI Consult- sions and eleven market areas, has been Carsten Kærgaard ing Engineers and Planners AS in 1995. replaced by nine specialised divisions Torsten Mølgaard COWI is economically independent of operating as independent business units. Niels Christian Nielsen any producer, supplier or contractor. A new career system has also been introduced, with equal status for project and Carsten Digman Stig* Ownership line managers, and technical specialists. * Staff representatives The company’s share capital amounts to There will be more focus on broader and DKK 34.75 million. more direct contact with clients and en- The A-shares, with a value of DKK 20 hanced staff development programmes. million, are owned by the COWI Founda- The directors of the nine divisions will tion, which supports research and devel- report to the Executive Management— Management opment associated with Danish consul- Managing Director, CEO Klaus H. Klaus H. Ostenfeld tancy activities. Ostenfeld; Executive Director, Danish Managing Director, CEO The B-shares are owned by three Operations Knud Østergaard Hansen; (until 30 April 2000 Eigil Steen Pedersen) groups: the insurance companies Codan Executive Director, International Opera- and Danica each own DKK 4 million, tions Henning Therkelsen; and Financial Henning Therkelsen COWI employees own DKK 6.15 million; Director, CFO Keld Sørensen. Executive Director, International Operations and the Foundation and COWI own the Regional marketing in Denmark will remaining DKK 0.6 million. be carried out by four Regional Directors, Knud Østergaard Hansen Executive Director, Danish who are responsible for market develop- Operations Subsidiaries and associated ment in their respective regions on behalf companies of all nine business divisions. Internation- Keld Sørensen Financial Director, CFO On 31 August 1999, we sold our 49% al business will be managed directly by share in Alrabiah COWI in Saudi Arabia the divisions in Denmark and through the to our former partner, Dr. Abdul Rahman COWI Group members abroad. Al Rabiah, who is continuing the company

9 COWI 99 • 00 Economics and Management

We provide consultancy to public author- Organic Pollutants) and in the sustainable ities and private companies—and often development of towns and coastal regions. cooperate with several interest groups at We advise authorities and investors on the same time. Our core skills in econom- new tax, fi nancial and institutional re- ics, law, the environment, transport and forms. One example is our assistance to Director, Economics and Management management are important elements in the Environment for Europe process, in- Stig P. Christensen inter-disciplinary projects. Together with cluding the Ministerial Consultation of our clients, we develop new skills, such as environment and fi nance ministers in Al- • Environmental and specialist process consultancy, fi nancing, maty, Kazakhstan in the autumn of 2000. resource economics communications and IT consultancy. • Environmental management and We are developing our position as Welfare and knowledge legislation management consultant from the sectors The rules of the welfare state are changing • Transport and in which we are particularly strong— in the ‘new’ economy as it changes the commercial economics environment and transport. Our interna- technological and institutional frame- tional network has been considerably works of the labour market. Global com- • Welfare and labour market strengthened through the establishment petition in developing skills and retaining

• Market and consumer of the new ofﬁ ces in Budapest and staff are central issues. We prepare and analyses Brussels, and through the development evaluate intellectual capital reports; we • Financing and BOT of strategic alliances with prominent analyse retirement policies and integration • Public and private European consultants. opportunities for ethnic minorities; and service development we take part in the development of the • Public transport and Global economy and the labour market in the Baltic States and in organisation environment the preparation of EU employment statis- • Trafﬁ c planning and informatics Globalisation is creating new demands tics. Evaluations of market trends and

• Trafﬁ c environment for global answers to many environmental Best Practice are signiﬁ cant inputs to pri- and safety and public health issues. We are providing vate sector development. assistance, particularly in Russia, Central and Eastern Europe and the Far East, in Service in a market economy the development and implementation of The private sector is now more closely new environmental policies and strategies. involved in the development of public We advise authorities and utilities when services, also in the social sector. We pre- legal and institutional frameworks are to pare tender processes, establish the basis be developed with consideration for the for quality assessments and agreements, socio-economic possibilities and conse- conduct market analyses and evaluate quences. We are taking part in the phas- consumer willingness to pay for out- ing out of so-called POPs (Persistent sourced services. We assess the service

Visions, concepts, planning and ﬁ nancing of tram systems in Aarhus, Denmark

10 COWI 99 • 00 Conference on the environmental impact of transport and transport productivity of potential suppliers with research on the road pricing systems of duties levied. benchmarking and fi nancial and costs the future. analysis. We have analysed options for We are also helping to formulate tech- private fi nancing of a possible planned nical, fi nancial, social and political meas- Fehmarn Belt link. ures to defi ne traffi c policy, both in Denmark and abroad. We have headed an Mobility and congestion important area in the preparation of the With greater mobility and congestion EU support programme, ISPA, for the de- now so important, new IT and telematics velopment of transport infrastructure in technology has given a new socio- Eastern Europe and are taking part in its economic signifi cance to traffi c, terminals future development through the EU’s Glo- and users. We are contributing to reducing bal Infrastructure Framework Contract. the negative impact of transport and congestion through effi cient use of new technologies and new forms of organisation and fi nancing. We take part in the development of traffi c systems and infrastructure, including public transport, and participate in EU

Danish municipalities are outsourcing services such as meals-on-wheels. We are reporting on experience gained for the Ministry of Trade and Industry.

11 COWI 99 • 00 Development Planning

Activities in our core competence areas management capacity, enabling them to primarily involve assignments abroad in assess the environmental impact of urban which we work together with bilateral development. and multilateral organisations, developing countries, Central and Eastern Europe Policy development Director, Development Planning and the CIS (Commonwealth of Inde- A growing share of our assignments in- Jan Mosbech Kieler pendent States). We are a key partner in volves analysis and policy development in the development and implementation of inter-disciplinary issues. They address • Urban management Danish foreign aid. Apart from Danida, issues such as the relation between emer- and local government Danced and Dancee, our most important gency aid and development, and the • Water resources management clients include the EU, the World Bank, plethora of sector support programmes

• Water supply and EBRD (the European Bank for Recon- for water supply and sanitation currently sanitation struction and Development) and the Asian ﬁ nanced by Danish and international • Agriculture and Development Bank. Our activities in organisations. natural resources Denmark are developing particularly We provide consultancy services in the management strongly in the ﬁ elds of groundwater economic and political reform processes • Health and social development protection and urban development. that Denmark is supporting in Vietnam

• Training and and Albania. We are also taking a very education Holistic urban development active part in the evaluation of Danish • Institutional analysis An increasingly large proportion of the humanitarian aid, bilateral health sector and capacity building world’s poor live in urban areas. For more aid, promotion of democratisation and • Human rights and than 20 years, we have been working democratisation with integrated urban development. We combine an understanding of social processes, environmental aspects and the need for a new approach in public management with extensive technical expertise in such ﬁ elds as waste management, trafﬁ c planning, water supply and sanitation. Our assignments are carried out mainly in Asia, Africa, Eastern Europe and the CIS. In Ukraine, we are assisting the authorities in Kiev with the reform and modernisation In northern Niger lies one of the world’s few reserves of water supply and wastewater manage- for the protection of bio- ment for the city’s 2.5 million residents. diversity in desert areas. We have prepared the next And in South Africa, we are advising the phase of a three-year authorities on the development of local nature management project Danida is supporting the in close cooperation with water supply and sanitation native pastoralists. sectors in Egypt. COWI assisted with the preparation of a long-term sector programme.

12 COWI 99 • 00 A low-income and ethnically mixed suburb in Denmark. We have analysed the social and ethnic aspects and prepared an integrated respect for human rights. Our cross-cut- Among other things, we are assisting plan for its development. ting evaluations contribute signifi cantly to ministries to develop national strategies. the development of Danish foreign aid In Tanzania, we are assisting the policy in these fi elds. authorities to develop a programme in which the local residents are to take an Natural resources active part in forest management. In We are active in the mapping, protection Nicaragua, we are assisting the Ministry and management of natural resources of the Environment and Natural Resources both in Denmark and abroad. As a result to decentralise its tasks and are currently of the tightening of Danish legislation on developing a water resources plan for the water supply and environmental pro- Esteli River basin. And in Cambodia, we tection, we have mapped groundwater have prepared a project to develop the resources and analysed their vulnerability capacities of fi ve ministries to manage for the Danish counties and municipali- environmental and nature conservation ties. In other countries, we provide con- programmes. sultancy services at many levels from grassroots organisations to ministries.

13 COWI 99 • 00 The largest nature restoration Environment project ever in Denmark— Vest Stadil Fjord, inaugurated in 1999 by the Danish Minister for Environment and Energy.

Director, Environment Mogens Heering

• Chemicals in the Solutions to environmental problems are Assessment) directive from the EU, which environment becoming more varied and subtle—because came into force last summer, extends the • Nature restoration and conservation there are more interest groups and because number of companies and activities that

• Environmental impact administrative regulations for cleaning must be screened to determine their need assessment and cleaning up alone do not give full for a full-scale EIA. Our lengthy experience • Environmental value for money. Every level of manage- in EIAs gives us a decided competitive management ment and group of employees in a com- edge in the implementation of such • Pollution prevention pany has a role to play. As consultants, screenings. in industries therefore, we have to master an increasing- • Soil and groundwater contamination ly broad spectrum of relevant disciplines Environment, health and safety

• Occupational health at the same time as combining them suit- —EHS and indoor climate ably into integrated and inter-disciplinary Consumers, authorities and customers • Noise abatement advice. In the Environment Division, we expect companies and organisations to • Environmental due believe strongly in a ﬂ exible project or- adapt to the environmental demands of diligence ganisation based on in-house expertise in the day. We work at every organisational • Safety management all disciplines. Breadth demands depth. level with the introduction of environ- National and international legislation mental and occupational health manage- and standards will drive this development ment, green accounts, training, cleaner even further forward in the coming years. technology and environmental assessments of relevant products. Our environ- COWI, together with DHI Water & Environment, is EIA—new directive applies to mental management tool, Envision, advising the World Bank on more types of plants supports this work and has just been an integrated water quality project for Lake Victoria and The new EIA (Environmental Impact upgraded. its catchments. To strengthen the integration of environment and safety, we have merged our Safety Management unit with our industrial environment and occupational health activities.

EU approximation in Eastern Europe The Danish Government and international organisations are supporting the EU approximation of environmental legislation and practice in Eastern European countries. COWI is actively participating in this process. In this context, we also assist in-

14 COWI 99 • 00 Cleaning up trichloroethylene using a combination of groundwater cleaning, steam heating, vacuum ventilation and air cleaning at a factory site in Denmark, together with NCC Denmark A/S.

dustries in meeting the requirements stip- ulated by the EU IPPC directive. Through inventories, investigations and remediation of contaminated sites we facilitate the pri- vatisation of state-owned enterprises, and we support the local administration with tools for managing contaminated sites.

Environmental demands affecting sale and purchase of companies Environmental economic risk evaluation has become an established part of the pre- paratory work of mergers and acquisitions. We have many years of experience in such risk evaluations. To strengthen our resource base and geographical coverage, we have allied ourselves with two leading consultancy ﬁ rms in England and the Netherlands—Enviros Aspinwall and Tauw—forming the so-called CAT Alliance. The alliance covers more than 50 countries with established subsidiaries or working partnerships.

EU has put noise abatement on the agenda The EU is currently engaged in drawing up a policy on noise. We are taking an active part, both in developing techniques and determining the most cost-effective noise abatement methods.

COWI is assisting the Elsam group (an alliance of major Danish power plants) in introducing an environmental monitoring system to ISO 14001 standards before the end of 2001.

15 COWI 99 • 00 Environmental Projects

We have continued our internationalisation with projects in 23 countries, representing 55% of our workload.

Urban wastewater management Director, Environmental Projects There is a growing demand for our services Leif Winther in Eastern Europe and the CIS, where we are assisting local authorities in water and • Urban wastewater wastewater strategic planning. As part of Renovation of the anaerobic management the large infrastructure investments in the digesters at Luberetskaya waste- • Wastewater water treatment plant in Moscow. infrastructure EU accession countries, we have carried rehabilitation out project preparation and wastewater Solid waste management and • Wastewater and master planning for such major cities as recycling stormwater collection Warsaw, Budapest and Prague. Environmentally safe handling and dis- • Wastewater treatment posal of solid waste must go hand in and sludge management Wastewater and stormwater hand with the efﬁ cient utilisation of re-

• Solid waste collection sources. We have continued our work management and We have planned and designed several with the preparation of integrated waste recycling stormwater retention basins and new management plans for several Irish coun- • Hazardous waste management collection systems in Danish municipalities, as well as certain large towns in Syria. ties as well as in Poland and Romania. We have also carried out the planning and • Institutional and regulatory aspects design of modern landﬁ lls in Bulgaria, • Environmental Wastewater treatment and Russia, the Philippines and Lithuania. accounting sludge management • Supervisory Control Our main activities in Central and Eastern Hazardous waste management and Data Acquisition (SCADA) Europe comprise upgrading and rehabili- If viable and cost-effective results are to be

• Operation and tation of treatment facilities in Poland, attained, hazardous waste management re- Maintenance Romania, Estonia and Russia. Improved quires development of integrated strategies sludge handling facilities have been de- that take into account actions at source and signed and implemented in a number of not merely ﬁ nal handling and disposal. Danish municipalities. In Ireland, we have Based on this tenet, we have prepared assisted with the design of wastewater the National Strategy Plan for Hazardous

Solid waste sorting in Russia. treatment plants for the towns of Waste Management in China. We have also We have carried out a detailed Shanganagh-Bray and Portlaoise. rendered assistance to several projects in solid waste study in Novgorod for the Danish Environmental Central and Eastern Europe. We are Protection Agency. currently engaged in several projects in Mozambique, Ukraine and Belarus for the elimination of risks caused by stock- piled obsolete pesticides.

Institutional and regulatory aspects The organisational, administrative and legislative aspects of solid waste and wastewater require efﬁ cient integrated

16 COWI 99 • 00 Sewer network and construction of an underground stormwater basin in a Danish municipality.

We have assisted in extending wastewater treatment capacity at a plant in Poland. The project, implemented by the Danish EPA and Ny- sa Municipality in Poland, boosted capacity to cope with wastewater from 125,000 people. management systems. We have been involved in developing cooperation on wastewater management between Danish municipalities. And in Ireland, Lithuania and Bulgaria, we have participated in similar cooperation on a regional basis for the handling and disposal of solid waste. In Lithuania, we assisted in drafting new waste legislation to approximate national legislation to that of the EU.

Environmental accounting We have prepared environmental accounts for Danish wastewater treatment plants that quantify annual resource consumption, production (i.e. volume of wastewater treated and nutrients removed, and volume of biogas produced) and the environmental impact of efﬂ uents, air emissions, and sludge and ash disposal.

Supervisory Control and Data Acquisition (SCADA) We have designed and implemented computerised SCADA programmes for entire wastewater systems for several municipalities in Denmark and abroad. This has signiﬁ cantly improved day-to-day operations and provided a decision-making basis for planning the construction of retention basins and rehabilitation of sewers.

17 COWI 99 • 00 Roads and Airports

Roads for less money The demands for effi ciency in public operation and service tasks are increasing as costs increase. Many public authorities are showing greater interest in new forms Director, Roads and Airports of organisation that make use of market Michael Gautier mechanisms and contract management. The aim is to achieve best value for money • Urban roads in the form of service enhancement or Master planning and de- • Highways cost cutting. They are working to reach sign of rehabilitation works on six provincial airports in • Airports their objectives by either modifying the the southern Philippines. • Pavements framework of existing organisational • Operation and structures or entering into contracts with Maintenance external partners. Improvement of urban • Surveying and We strive to be a good partner in the environment mapping fi eld of operations for public authorities Public awareness of traffi c safety, the en- • GIS - Geographical Information System by training our staff to focus on the inter- vironment and aesthetic values in towns play between specialist knowledge, organ- and cities is growing and is making its isational development and understanding mark on many of our municipal assign- of the reactions to change. In the course ments. of the year, we worked on operations In Århus, the second largest city in projects for government organisations in Denmark, we participated with great suc- Denmark and abroad. We also took part cess in a competition for the development in the EU-fi nanced development project, of the area between the harbour and the RIMES, which, among other things, will city by addressing the highly complex defi ne the standards for maintenance of traffi c issues involved. For the Port of traffi c infrastructure. Århus we completed the challenging task of solving infrastructure problems arising

Pavement repair in Zambia on from the expansion of the harbour. This the 590 km Lusaka-Mongu project involved trafﬁ c management, rail- road, running through the Kafue National Park—the biggest ways, roads and container parks. game reserve in Africa.

18 COWI 99 • 00 We have advised a number of Danish municipalities in the operation and maintenance of roads and parks

Airports at home and abroad The global signiﬁ cance of air trafﬁ c is increasing and many airports need upgrading. We are working on the extension and rehabilitation of international airports in Latvia, the Philippines and Guyana. We are also analysing and evaluating the condition of apron and taxiway pavements at Copenhagen Airport and preparing pro- posals for repairs.

Durable pavements Surveying, mapping and GIS The market is demanding greater effi cien- Inexpensive and effi cient methods are be- cy in road operation—this means better ing developed quickly. As part of a nature quality pavements, with longer lifetimes restoration project in Denmark, we have and less periodic maintenance. We have surveyed an area of 350 ha by combining been working for a number of years on laser scanning from helicopters with GPS developing new types of pavements and surveying. This method enables us to pro- improved specifi cations to meet this de- duce high-resolution terrain mand. We are arranging pavement semi- models. nars for the World Bank and Danida, Geographical information and the use dealing with stabilisation of local materi- of GIS tools are now integrated in many of als, recycling of pavements, and asphalt our projects. They assist us in making pavements with extended service life. good and valid presentations of data for We are also working with tender of use in land acquisition, condition assess- resurfacing contracts based on functional ment, environmental evaluation and main- requirements, which we believe will be tenance planning. used increasingly.

GIS being used for land acquisition plans in a nature restoration project in Denmark.

19 COWI 99 • 00 Rail, Metro and Tunnel

Our work in the ﬁ eld of railways and phase from Lergravsparken to Copenhagen metros continued with success. Early in International Airport. Together with the the year, we transferred our specialist tun- municipal authorities, we have devoted nel skills into the Division. We are work- considerable resources to the detailed de- ing to further expand our existing knowl- sign of the forecourts of all metro stations. Director, Rail, Metro and Tunnel edge with even greater emphasis on meet- Arne Steen Jacobsen ing all the needs of railway and metro Progress on the Malmö City companies from planning to economical tunnel • Railway planning operation. The Copenhagen Metro is still Together with SWECO, we are the • Infrastructure the largest single project in our current Owner’s consultants on the Malmö City design portfolio, but there are other major as- tunnel. Design of the 5 km bored tunnel • Bored tunnels signments at home and abroad through and the new underground stations, • Immersed tunnels which we have once again made our Malmö Central and Triangel, which are • Cut-and-cover mark as an international railway and tun- to be constructed as cut-and-cover and tunnels nel consultant. NATM tunnels respectively, is under way. • Stations Our initial task is to provide the basic • Project and construction Copenhagen Metro data for environmental approval by the management We are responsible for the Owner’s con- environmental and railway authorities. • Upgrading and struction management of the Copenhagen The work includes evaluation of tunnelling maintenance Metro and, over the year, can report satis- method, hydro-geological and durability • Infrastructure factory progress with the civil works. assessments and risk analyses. management Boring of the 8 km twin tunnel is pro-

We are involved in the gressing faster than expected and the Eastern Europe on the rails modernisation of the railway above-ground structures in Ørestad, the Through the ISPA programme, the EU is networks in Hungary and € several other Eastern new neighbourhood of Copenhagen, are investing 1 billion per year for seven European Countries. virtually complete. Our focus has now years in the candidate countries in Cen- turned to the progress of the safety ap- tral and Eastern Europe, divided equally proval procedures between the supplier, between transport and environmental Ansaldo, and the Railway Inspectorate projects. We have already completed for the driverless train systems. many assignments under this programme, There is still a considerable amount of with activities that have included feasibil- planning and design work at the drawing ity studies, environmental studies, design, board stage. Among forthcoming projects design supervision, preparation of tender

Test runs of metro trains are are the tracks and stations between documents and assistance with preparing under way on the completed Frederiksberg and Vanløse and the next applications. We have assisted railway infrastructure at Ørestad, the new neighbourhood of Copenhagen.

20 COWI 99 • 00 The experience we gained from the metro tunnel running through the lime- organisations in Lithuania, Estonia, and, in Norway, also with the company stone under Copenhagen is Poland, Slovakia and Hungary with the ViaNova. We are now marketing MMS being put to use in the design of the Malmö City design of new railways and upgrading of outside Scandinavia. tunnel. infrastructure. The challenging assignments were completed together with local Durable tunnel design and international consultants. As a result of our EU-fi nanced research project, DuraCrete, we have been involved Systems for railway maintenance in assignments to determine the loads on, Together with the Danish National Rail- and reliability of, tunnel constructions by way Agency, we have developed Mainte- applying probabilistic analysis methods. nance Management System (MMS), a Using this technique, we checked the user-friendly tool that will ensure effi cient calculations of the Green Heart Bored maintenance of the Danish railway net- Tunnel, the largest-diameter tunnel in work. The Agency has put the fi rst part- the world, for High Speedline South in systems of MMS into operation whilst Holland. We have also continued 50 years’ further development continues. During work with immersed tunnels in Ireland, the year, we were awarded a similar con- Poland, Norway and Greece, and in tract for Jernbaneverket in Norway. Both Scandinavia have been involved in the Flintholm Station, which projects are being implemented in joint Øresund link and feasibility study on the will be the third busiest station in Denmark, is at venture with the consultancy division of Fehmarn Belt link. the tender stage after a the Danish National Railway Agency project we have prepared.

21 COWI 99 • 00 Bridges, Marine and Foundation Engineering

We have combined bridge engineering, study and design contracts for two major geotechnics and marine engineering into suspension bridges in Chile for the Minis- one division, so that we now have exper- try of Public Works. For the Highway tise in all these fi elds. Department in Hong Kong, we have In the coming year, we will maintain conducted, together with Ove Arup, a Director, Bridges, Marine and and strengthen our international position number of studies on Stonecutters Bridge. Foundation Engineering as one of the world’s leading consultants Anton Petersen in the market for suspension bridges and Bridge maintenance • Major bridges cable-stayed bridges. In the fi eld of Opera- Our expertise and specialist knowledge in • Bridges tion and Maintenance, we are seeing an the fi eld of operation and maintenance of • Geotechnics increasing demand for our services in a bridges are increasingly in demand. We • Coastal protection market that is still growing and we have are to undertake a complete rehabilitation • Marine engineering set ourselves the goal of being among the of the Aquitaine suspension bridge in

• Management systems European leaders. The demand for our Bordeaux, France, together with the

• Operation and services is also growing in the ﬁ eld of ma- French company, SETEC. In Argentina, Maintenance rine engineering and geotechnics and we we have replaced the main cables of two • Risk analysis intend to be one of the top ﬁ ve companies major cable-stayed bridges and in Sweden • Aerodynamics in Europe within the next three years. we are assisting Vägverket (the Swedish

• Safety assessment Road Directorate) with an assessment of World class bridges the condition of suspension cables on a One of the most momentous events of the bridge in Gothenburg. year was the opening of the Øresund Bridge between Denmark and Sweden on Marine and foundation 1 July 2000. In joint venture with SWECO, engineering we prepared detailed design of the bridge We have prepared a pilot project for the for the main contractor, Sundlink. We Port of Copenhagen for a new terminal have completed the feasibility studies for for the Oslo ferry and been awarded new the Danish and German Ministries of We have developed the Transport on a ﬁ xed link between Den- cable-stayed bridge option mark and Germany. Against tough inter- for the Fehmarn Belt ﬁ xed link. national competition, we were awarded, together with INCUATRO, the feasibility

One of the bridges in El Salvador on which we carried out hurricane damage assessment.

22 COWI 99 • 00 The Port of Durrës in Albania. We are repairing major projects for the World Bank and Management creates overview and upgrading the harbour. the EU for the repair and upgrading of Yet again this year we have seen growth the Port of Durrës in Albania. in our involvement in operation consul- We prepared the tender documents tancy and bridge management. Our and supervised the dredging of an 11 km bridge management system is about to be long navigation channel in a Danish fjord implemented in Uruguay for the manage- for Statoil. ment of some 800 bridges. We are already We have completed a coast protection classifying a number of bridges that make project and a sand replenishment project up the corridors from Uruguay to Brazil on two Danish coasts. and Argentina to monitor heavy traffi c in In Saudi Arabia and the United Arab particular. Emirates, we have carried out several We are providing specialist consultancy major power station projects—the design on the Seo-Hae Grand Bridge in Korea. of in and outfall structures for cooling The cable-stayed bridge is 7.4 km long water. with a main span of 470 m. Our involvement is chiefl y concerned with consultancy Important risk analyses on bridge inspection, heavy traffi c Risk analysis is becoming an increasingly methodology and monitoring of bridge important element in the decision-making constructions. process of complex construction projects. In El Salvador, we have assisted the Our specialists have carried out analyses national road authority with assessing of the construction and operation of the damage caused by hurricane Mitch to Åsta Bridge for Banverket, Swedish Rail- several bridges. An existing bridge ways. We have also assisted in a number management system for the registration of other projects, such as the new Danish and evaluation of the bridges has been Øresund Bridge was National Archives and the Viking Cable upgraded. opened on 1 July 2000. between Norway and Germany. We detail designed the bridge, together with the Swedish company, SWECO.

23 COWI 99 • 00 Building and Operation

We create the basis for the efﬁ cient functioning and operation of buildings in cooperation with our clients. We have worked with several concepts for energy- efﬁ cient and environment-friendly build- Director, Building and Operation ings using a new model for life cycle Niels Aude costs.

• Industrial and Healthy indoor climate administration buildings The focus on indoor climate in homes

• Sports centres and and offi ces is sharpening. A survey shows cultural buildings a high level of resident satisfaction with • Housing, schools and our CASA NOVA environmentally and The new administration universities energy-correct timber-based residential offi ces for the Danish wind turbine manufacturers, NEG • Hospitals, sheltered buildings. We are at present involved in housing and nursing Micon, designed together homes four new CASA NOVA building projects. with the architects C.F. Møllers Tegnestue. • Urban development COWI’s new offi ces for three branches

• Operation and in Denmark are now in use and the new Maintenance head offi ce extension is well under way. In close cooperation with our clients, we • Owner and tenant Our concept for the Offi ce of the Future, quickly mobilised a nationwide team of consultancy services supporting the organisational develop- experts and created effi cient communica- • Project development ment of companies, is being evaluated in tion channels with customised reporting • Life cycle costs these offi ces. and follow-up systems.

New forms of partnership Consultant to DR We are testing a new form of collabora- We are consultants to Marriott Interna- tion with NCC Danmark on a new offi ce tional Inc. and the fi nancial institution complex at Langelinie in Copenhagen. Nykredit with an international 5-star We have created a good We have further refi ned a model of hotel with 395 rooms on the Copenhagen indoor climate in the Psy- partnership where building owners, waterfront. chiatric Department of the County Hospital on Funen, contractors, architects and engineers In the autumn of 1999, we won the Denmark. The project was work closely together, with common competition for consultancy services for implemented in cooperation with the architects goals and criteria for success. The fi rst the relocation of the Danish Broadcasting Stærmose & Isager K/S. partnership project, for a Danish munici- Corporation, DR, to its new home in pality, is for the extension of a school. Ørestad. Plans for the complex comprise 100,000 m2 of modern, fl exible buildings Insurance concept and a concert hall of international stand- On 3 December 1999, a hurricane hit ards seating 1,600 persons. The concept Denmark, leaving a trail of destruction in for the project has now been created in its wake. We have assisted several insur- close collaboration with the DR project ance companies in assessing some 1,500 group and PLH architects in Denmark, damage claims from both private and DEGW from the UK and DS-Plan from public sectors. Germany.

24 COWI 99 • 00 The ﬁ rst building for Co- penhagen University Am- ager is now under construction. The 41,000 m2 project was designed in collaboration with the architects KHR A/S.

Operational development We have been closely involved in the operational development of public service sectors, concentrating on rationalisation and business procedures. We have conducted analyses and subsequent EU tendering of building management at Rigs- hospitalet, the National Hospital of Den- mark. Our computerised building management system, Caretaker, has been introduced in many organisations and has provided a ﬁ rm foundation for our building operations consultancy. The Danish State Railways, DSB, puts highest priority on operational safety. To- gether with COWI and MARINTEK, DSB’s component workshop has em- barked on a project embracing reliability centered maintenance. The programmes will ensure the highest possible operational efﬁ ciency, meeting the requirements of safety, the environment and costs.

Assignments in the Baltic States Together with COWI Baltic, we have completed the extension of the Radisson SAS Hotel in Vilnius, Lithuania. Our services included installations, particularly those for indoor climate and intelligent energy-saving systems. We were awarded the design contract for the extension of Riga Airport in Latvia, together with the architects Arhis. The airport will be able to serve 1.3 million passengers a year, instead of the present 500,000. The project includes a new ﬁ nger with ﬁ ve airgates, new aprons and a comprehensive renovation of the terminal buildings. New technical installations, with intelligent control systems, will bring the airport up to international standards.

25 COWI 99 • 00 Industry, Energy and IT

Director, Industry, Energy and IT Bjarne Henning Jensen (Until 30 September 2000 Jørgen Grundtvig)

• Industry COWI is consultant to • Energy Danida for a 30 MW wind farm in Egypt. • Oil and gas

• IT and management Cooperation with both private and public Industry clients has become more differentiated, We have combined all our industrial with the focus on cost-effective solutions. disciplines and pooled our expertise The ability to utilise and combine our within plant layout, automation, process disciplines together with the client has and product development, optimisation therefore assumed even more importance and cleaner technology. in our role as consultants. We assisted Coca Cola Tapperierne Almost half the turnover was generat- A/S in Denmark with the extension of ed by projects outside Denmark for both their bottling capacity. public and private clients. We have prepared a project proposal for DUMEX-ALPHARMA A/S for a new Energy sterile department for bulk production of The market is demanding integrated antibiotics. services combining stringent project The Danish pharmaceutical company, management with specialist knowledge in Chr. Hansen A/S, has asked COWI to energy production and distribution, re- prepare a project proposal for a new newable energy and waste incineration. production plant for natural colour In Denmark, we are main consultants additives. for a new incineration plant with a capac- In China, COWI has been in charge of ity of 24 t/h. We are also increasing the the project management for the extension incineration capacity of another plant by of a pump factory for Grundfos Pumps 16 t/h. Both projects were designed in (Suzhou) Ltd. And in France, work has The winning project for the cooperation with the Danish architects begun on the extension of a factory for capacity extension of the Friis & Moltke A/S Arkitekter MAA. carding of non-woven products for Jacob Århus Nord incineration plant in Denmark. Together with Copenhagen Energy Holm Industries (France) SAS. and A/S Rørbyg, we have designed and built the ﬁ rst Danish district cooling plant Oil and gas based on absorption cooling, with district We will continue to operate within all heating as the primary source. phases of exploitation of oil and gas re- We were consultants for the construc- serves, from petroleum engineering to off- tion of a 3.8 MW diesel power plant in shore and onshore facilities. Reservoir en- Burkina Faso for Danida. gineering, risk and safety assessment, and

26 COWI 99 • 00 By putting the spotlight on energy consumption, a DKK 5 million saving has been achieved in the annual operating costs of Danpo A/S’ new poultry factory.

environmental impact assessment are among our specialist services. We carried out reservoir simulation assignments for several oil companies and participated in a Joint Chalk Research Project sponsored by 12 oil companies. We are designing a harbour terminal for import/export of crude oil and reﬁ ned products for Azzawiya Oil Reﬁ ning Com- pany of Libya, together with Port Consult. Offshore we have prepared a de-bottle- necking study for Amerada Hess of the process facilities in the Danish Syd Arne Field and are currently engaged in studies for ELF Petroleum Norge AS of the decommissioning of the steel and concrete platforms of the large Frigg Field.

IT and management Our ability to combine expertise with multi-disciplinary experience makes a solid platform from which to implement IT projects. We have gained experience in adjusting business processes and ﬁ nding optimum solutions together with the end users. We possess specialist knowledge in document handling, Geographical Infor- mation Systems, data and telecommunica- tion and the development of customised solutions. Eight municipalities in the Copenhagen area will soon have an Internet-based professional information system designed to generate synergy by the dissemination of public information and business-to- business information. We are elaborating a new system for information integration for the Hungarian Railway Company, MAV, which will give it access to information on international freight trafﬁ c via the European railway communication network HERMES.

27 COWI 99 • 00 Subsidiaries

Matcon Consulting Engineers A/S, a church and various parish halls in Denmark Denmark. Matcon has continued its work in the We have provided consultancy to fi shing industry in Vietnam for Danida, several Danish municipalities in advising with consultancy services to 25 compa- pensioners on how to apply for grants for nies in the upgrading of their production energy-saving improvements. And in the facilities. school sector, we have begun a DKK 20 The fi shing harbour at Killybegs in million project for the extension and re- Matcon has been commis- County Donegal, Ireland, is to be ex- building of a Danish school and several sioned to design the fi sh tended with a new 130 m quay. We have other minor rebuilding projects. handling systems for the extended fi shing harbour been commissioned to design the fi sh In the future, our activities will be at Killybegs in Ireland. handling systems. particularly directed towards assignments We have been engaged in Latvia and in the management and maintenance of Estonia with the restructuring of the fi sh- existing buildings. We will intensify our ing industry as a result of the problems efforts to win more assignments in the that have arisen in Russia, an important fi eld of energy management. sales market for these two countries. We have continued our work with Bruun & Sørensen Group AS, Irvin and Johnson in South Africa with Denmark the design of new production lines and With the focus on optimising operations product optimisation. and supply reliability, we have carried out Studstrup & Østgaard On the Faeroe Islands, we are design- extensive hydraulic analyses of the district were responsible, together ing a new prawn processing factory and heating network for Randers Municipal with the architects Dall & Lindhardsen, Denmark, for assisting in the detail design and fi tting Utilities in Denmark. This is a particularly the extension of a Danish out of production halls. complex network as it covers a large teacher training college with an auditorium and Finally, we have prepared a status re- geographical area with considerable dif- teaching facilities. port for the Danish Environmental Pro- ferences in elevation. A number of hypo- tection Agency on the lead content of thetical incidents have been simulated. In fi shing gear. addition, two new heat exchange stations have been established, as well as a brand Studstrup & Østgaard A/S new SCADA system that monitors and Consulting Engineers and controls the network, the heating plants, Planners, Denmark and the new exchange stations. We have constructed 65 homes for students Throughout 1999, we worked for at a Danish University and 24 homes for Aarhus Municipal Utilities in Denmark retired people in a Danish county. Together on the establishment of a 17 km district with the architects Brøgger-Arkitektfi rma, heating main consisting of two 800 mm we have completed construction projects pipes between the power plant Studstrup- for the Ministry of Ecclesiastical Affairs, værket and Aarhus. The project budget involving the extensions and rebuilding of amounts to DKK 223 million. The involve-

Aarhus Municipal Utilities is about to lay a 17 km district heating pipeline between Studstrupværket and Aarhus in Denmark. Bruun & Sørensen is the Owner’s consultant.

28 COWI 99 • 00 Green tree frog, numerous in wetlands in and around the Bialowieza National Park, Poland ment of COWI civil engineering and soil of all buildings currently in use are to be engineering specialists played a decisive demolished. We were recently awarded role in the implementation of this project. the assignment of preparing tender documents for the third stage of the demolition COWI Polska Sp. z o.o., Poland process. Our main objective for this as- COWI Polska is developing into new signment was to develop and incorporate business areas and new client groups. stringent environmental criteria, in line The main sectors are: sustainable de- with the Owner’s general environmental velopment and physical planning, environ- policy, specifying that 90% of all demoli- mental protection and energy. Of late, tion waste is to be reused or recycled. environmental work has been the largest The Uddevalla Bridge on the Swedish source of growth, with projects for private coast is part of the E6 motorway between industry as well as bilateral fi nancing Oslo and Gothenburg. It was completed agencies. in May 2000. The bridge is a high-level In association with COWI Denmark, bridge with a total length of 1,712 m, car- we are currently working on a sustainable rying four traffi c lanes—the longest mo- forest management and income generation torway bridge in Sweden. The central project for the Bialowieza Forest area. This cable-stayed section has a main span of year, we have also worked on the emer- 414 m and provides a navigation clearance gency fl ood recovery projects in Wroclaw. which is 190 m wide and 52 m above the Demolition and materials We are one of the few companies in Sunninge Sound. The contractor was reuse, RIT 2000 Hospital, Poland specialising in environmental due SKANSKA, Sweden; the detailed design Norway diligence, serving a large national market was carried out by Johs. Holt A.S. for buying and selling industrial plants (a wholly-owned subsidiary of Hjellnes and real estate. COWI) and SKANSKA Teknik AB. The other facet of COWI Polska is The new international airport for the energy systems and energy planning, in Oslo region was opened at Gardermoen which there still is a stream of work for in October 1998. In April 2000, the established clients. Norwegian Government and Parliament During the past year, we have also decided that the former airport at Fornebu dedicated resources to building up our should be developed into a knowledge organisation to enable us to take our and innovation campus owned by the place in the developing transportation company IT-Forneby AS, with the Nor- market in Poland. wegian Goverment as shareholders. Through our associated company, Hjellnes COWI AS, Norway Aviaplan AS, we are the main consultant It has been an extremely active year with on this project. The fi rst phase includes a multitude of projects. Among these, the redesign of the terminal complex to three in particular should be mentioned: accommodate an IT technology centre. The construction of a new regional hospi- We are to further design the conversion of tal (RIT 2000) in the city of Trondheim is three main hangars into commercial now well under way. The new hospital is buildings. being built on the same grounds as the existing one and is to be completed by 2008. As part of the development, 70%

29 COWI 99 • 00 Subsidiaries

BaUm COWI UAB COWI BALTIC Bau- und Umweltplanung GmbH, Consulting Engineers and Germany Planners, Lithuania Despite the recession in the German In 1999/2000, COWI Baltic successfully market, BaUm COWI has managed to completed the most challenging project in continue activities on many large projects, the company’s history—the renovation of mainly in the Berlin area, which is BaUm the Radisson SAS Hotel, situated in the COWI’s home base. This has brought the very centre of the Old Town of Vilnius. It fi rm out of the decline we have been ex- is the only hotel in Lithuania currently Prior to EXPO 2000, BaUm periencing in recent years because of the equipped with Building Management COWI has taken part in market depression in public sector System (BMS), a system designed in the development of the Rummelsburger Bucht area investments in Germany. collaboration with COWI Denmark. of Berlin. We therefore targeted our efforts to We also prepared a number of con- develop a market for new services to new ceptual and tender designs of ventilation, clients, particularly private sector clients air conditioning and heating installations and clients outside Berlin. Our regional of administrative buildings, hotels and offi ce in Dresden is developing very well, breweries. with work in hand on the inland harbour We prepared feasibility studies and in- on the river Elbe and construction man- vestment plans for several regional mu- agement for city road projects. nicipalities. As a part of an international The development of the Rummelsburger team, we also prepared a feasibility study Bucht area in Berlin is one of the EXPO for the World Bank on the rehabilitation 2000 projects—BaUm COWI has pre- of the district heating network in Vilnius pared the comprehensive planning and City. design of its infrastructure. We have also Our activities in the environmental supervised the construction of the Danish fi eld continued to expand. Together with EXPO pavilion. COWI Denmark, we are engaged in the BaUm COWI has extensive records of preparation of Waste Management Plan- public infrastructure facilities in former ning Guidelines for regional Lithuanian East Berlin. We have therefore developed authorities. a database and computer modelling tools We continued working on the project to enable us to assist in rehabilitation and of introducing cleaner technologies in site development at short notice. As one slaughterhouses—the project has already of the fi rst results of this investment, we reached the technical installation phase. were commissioned to prepare plans for Together with COWI Denmark, we rearranging the Alexander Platz area in are assisting the Lithuanian Ministry of the centre of Berlin. This major infra- Environment to introduce modern IT fa- structure project includes an underground cilities at regional environmental agencies. car park with space for 1,200 cars.

COWI Baltic has extensively renovated the Radisson SAS Hotel in Vilnius, Lithuania

30 COWI 99 • 00 The Volga River in Russia. Ice ﬁ shing in winter.

Transport projects related to rehabilita- future is to train some 30,000 Russian tion and upgrading of railway structures managers. and harbour facilities are becoming the Together with COWI Denmark, we target for future activities and further ex- have started a very exciting project on pansion of the company. environmental fi nancing strategies, environmental expenditure and use of eco- Moscow Representative Offi ce of nomic instruments in the NIS (Newly COWIconsult International Ltd., Independent States), with COWI Moscow Russia providing input on the development of The main activities of COWIconsult In- regional fi nancing strategies in the munici- ternational via its Moscow Representative pal water sector for Pskov and Novgorod Offi ce were in the fi elds of environmental in Russia and national fi nancing strategies economics and water sector studies. for Moldova, Georgia, Kazakhstan and Work continued with our client GEF/ Ukraine. The project is aimed at the Min- WB (Global Environmental Facility/World isterial Consultation on “Water Manage- Bank) on the implementation of Ozone ment and Investments in the NIS” in Al- Depleting Substances (ODS) phase-out maty, Kazakhstan in October 2000. The sub-projects for the remaining Third Consultation is organised by the OECD Tranche Enterprises in aerosol and re- Environmental Action Plan Task Force frigeration sectors in Russia. We are and the ministers of environment and responsible for the hydrocarbon and fi nance of OECD and Central and Eastern cyclopentane installation safety audit in European countries are invited. several enterprises. Recently, together with the Danish Technological Institute, we have COWI Hungary Ltd., been awarded the ODS Production Closure Hungary Monitoring and Verifi cation Project. COWI Hungary Ltd. was established in In close cooperation with COWI May 1999 and founded on the long Denmark, we have successfully completed experience gained in a COWI project a major TACIS project on institutional offi ce for a PHARE-funded technical support to the Russian State Committee assistance project. We started as a small on Environmental Protection, and World company, with special focus on environ- Flooding of the Tisza River, Bank fi nancial and institutional studies mental economics, fi nancial analysis and Hungary for two major water utilities in Belarus environmental policy consultancy. (Minsk and Gomel). We have contributed COWI Hungary developed dynamically to several projects fi nanced by Dancee and has now been involved in more than on upgrading wastewater treatment 30 national and international projects. plants. Sludge disposal and solid waste Together with COWI Denmark, we management projects are under imple- are involved in several projects covering mentation in north-west Russia. environmental policy consultancy in We are also contributing to TACIS Central and Eastern European countries Environmental Management Training and the NIS. One of our major projects is Project in the Volga Basin—a project our participation in developing method- aimed at developing 13 training courses. ology for environmental fi nancing strate- Some 165 Russian co-trainers are to gies and environmental expenditure attend the courses—the target for the estimates for the NIS. We applied the

31 COWI 99 • 00 Subsidiaries

methodology in Georgia and assisted the Ministry of Environment in preparing a fi nancing strategy for the water and sanitation sector. This project is fi nanced by the Danish Ministry of Environment and Energy. We are also working on the project “Impact of retainment and development COWI Almoayed Gulf W.L.L., of railway transport in the Southern Bahrain, has completed the preliminary design of the Al Trans-Danubian Region” of Hungary, Saffar fi ve-storey offi ce building. which is being implemented under the PHARE Framework Contract in the cost effi ciency for a clean-up programme. transport fi eld. The general objectives of We have recently won a contract to assist the project are to assess the economic via- in drafting the law governing protection bility of selected railway lines and draw against agricultural nitrate-pollution as a up plans, including measures to imple- step towards EU harmonisation, and the ment these plans. We also aim to ensure development of an impact study on the that any relevant experience gained in this work necessary in bridging the gap be- project is transferred to other similar rail- tween current Hungarian practice and the way networks. requirements of the new law. The share of revenue from Hungarian- funded projects is increasing. Our major COWI Tanzania Consulting domestic clients are ministries and the Engineers and Planners Ltd., State Property Agency. We have had Tanzania several projects for the Ministry of Envi- COWI Tanzania continues to be the mar- ronment focusing on water, particularly ket leader in the road sector, having suc- groundwater. Our involvement is to carry cessfully won projects funded by Danida, out economic impact assessment of pro- the EU and the World Bank. Our strategic posed new legislation, a task which will working relationship with local consul- assist the Ministry in developing new EU- tancy fi rms plays an important role in compatible legislation and implementation securing our position in the market. With plans. the steady increase of local and foreign We have also worked for the Ministry investment, demand for passable-all- of Environment to develop guidelines on weather roads, especially in the rural

Road maintenance in the areas, is becoming more and more of a Ruﬁ ji District, Tanzania priority for all sectors. COWI Tanzania has been instrumen- tal in introducing and implementing successful, cost effective labour-based techniques for the construction and maintenance of rural roads, with documented cost reductions of up to 50% of total costs compared to machine-based techniques. In that respect, our road maintenance and capacity-building initiative in

32 COWI 99 • 00 the Rufi ji District Coastal Region continues Preliminary design has been completed to be a great success, thanks to the imple- for the Al Saffar fi ve-storey offi ce building mentation of these techniques, develop- and the A.K. Almoayed (Gulf) warehouse ment planning and the introduction of a facility to house the Jotun Paints distribu- ‘spot improvement’ approach to low tion centre. volume road engineering (construction We have assisted contractors on the and maintenance). With both government structural design of various concrete and the local community very impressed structures, the Ad Dur Desalination Plant with the development of the district, for Ahmed Mansoor Al A’Ali and the Danida, the funding source of the project, ALBA new Coke Calcining Plant for the has approved COWI for the next phase of Mannai Engineering Company. the project. Design of a 190 m dual highway We are also seeing an increase of ac- bridge with six lanes has begun for the tivity in the building sector. Again with Ministry of Works and Agriculture. Danida as the funding source, we recently Our ad hoc assistance to Cunningham won the contract to rehabilitate the Lindsey Middle East on insurance matters 100-year-old Magistrate Court Building. includes design checks for decennial in- Other noteworthy projects include The surances for buildings, as well as investi- Pozzalan Study, which is attracting in- gation and assessment of structures dam- creasing attention, both politically and in aged by fi re or impact. terms of technical expertise. Concrete repair works continue to be one of our specialities and have been car- COWI-Almoayed Gulf W.L.L., ried out on a number of building struc- Bahrain tures. We are providing consultancy serv- In the past year we have provided engi- ices on maintenance work on reinforced neering and architectural consultancy concrete structures at the Arab Shipbuild- services to our traditional government ing and Repair Yard. clients as well as some of the large industries, contractors and other private clients. COWI-ALMOAYED GULF W.L.L., Ghubaiba Car Park— Dubai, U.A.E. The fi rst neighbourhood of the Zayed design and construction Housing Project for the Bahrain Defence We have recently completed the supervi- supervision by CAG, Dubai Force is in the fi nal stages of construction, sion of the re-roofi ng of four large sports with the 273 two-storey buildings expect- centres in Dubai, and the Dubai Munici- ed to be handed over to the client during pality has taken possession of the com- the summer of 2000. pleted Ghubaiba car park and commer- We have prepared a preliminary de- cial facility. We were lead consultant for sign scheme for Gulf International Bank both design and construction supervision B.S.C. for the replanning and refurbish- of these projects. ment of the bank’s main entrance area, We are currently providing site super- conference and offi ce support facilities, vision services to the Dubai Ports Authority cafeteria and multi-storey car park. for the repair and rehabilitation of wharves We have designed and supervised the and quay walls at the port of Jebel Ali. replanning of the Dealing Room and meeting room facility for the Bahrain Monetary Agency.

33 COWI 99 • 00 Subsidiaries

COWI & Partners L.L.C., Oman cation of large precast concrete shells; Our image as leading architects and con- identifying casting facility requirements, sulting engineers has been enhanced this launching, transport, placement and an- year by the award of the “Oman Civil chorage methods for “in-the-wet” con- Order—Third Class” to our Chief Archi- struction; use of large-diameter steel-en- tect Ole B. Larsen by His Majesty Sultan cased concrete cylinder piles for over-wa- Qaboos. The award was given in recogni- ter bridges, wharves and piers; innovative tion of the architectural design of the uses of tremie concrete, including mix headquarters of the Central Bank of design and placement procedures; test COWI and Partners L.C.C. Oman and Ole’s contribution to architec- studies for concrete durability under ice is involved in the pre-con- ture in Oman over the past 24 years. loading, ice abrasion studies, improved cept design of a new tourist complex and theme We are currently involved in precon- concrete shear resistance and punching park, and the refurbish- cept designs for a new tourist complex shear capacity; detailed inspection and ment of a large shopping mall, shown here in model and theme park, the refurbishment of a revitalisation evaluation for deteriorated form. large shopping mall, a number of resort concrete structures. hotels and various land use studies. The Olmsted Dam on the Ohio River Other established projects include a was engineered to be built using lift-in new hotel in Al Ghubra, an offi ce building concrete shells weighing up to 4,500 tons. in Al Khuwair, and a number of exclusive As part of a joint venture, we have taken residences. the lead in areas of innovative marine Within our specialist fi eld of investiga- construction methods, marine foundation tion and rehabilitation, we are presently design and construction, tremie concrete involved in a tunnel investigation for a construction techniques and seismic power and desalination plant, an investi- design. gation of a large seawall for the Diwan of The Braddock Dam, on the Monon- the Royal Court and a multi-phase reha- gahela River, was designed to be built bilitation project for Oman Oil Refi nery. using fl oat-in concrete shells, up to 100 m long, fabricated offsite, fl oated into place Ben C. Gerwick, Inc. over pre-installed foundation caissons, set Consulting Engineers, USA down, grouted in-place, and then infi lled We have continued to provide expert with concrete. The construction methods consultancy services for durability assess- we developed for this project provided the ment and repair of concrete structures. advantages of less disruption to river nav- Over the years, the Gerwick staff has igation and fl ow, lower construction cost, utilised its expertise in this area to support shorter construction time, less environ- numerous major civil projects worldwide, mental impact and better quality control. such as the prestressed lightweight Con- We have participated in studies re- crete Island Drilling System (Super CIDS), garding the use of off-site prefabrication Hibernia GBS platform, the Eurotunnel technology for inland waterways for the and currently the Olmsted Dam and U.S. Army Corps of Engineers, including: Braddock Dam. widening of Lock 4 on the Monongahela To meet the demands of the market, River for the Pittsburgh District; increas- we have applied and refi ned specifi c con- ing lock capacity on the Ohio River Main struction methods: “in-the-wet” construc- Stem for the Louisville District; increasing tion techniques utilising offsite prefabri- lock capacity on the Upper Mississippi

34 COWI 99 • 00 Sidney Lanier Bridge pier protection

River for the St. Louis, St. Paul and Rock Vancouver, Canada—the rehabilitation Island Districts; a new lock for the Inner will be conducted to our design. The Harbor Navigation Canal for the New bridge is a three-span suspension bridge, Orleans District; studies for the Water- with a 472 m main span and steel via- ways Experiment Station regarding such ducts, totalling 1.6 km. topics as heavy-lift equipment, tremie We have completed the fi nal design, concrete technology and precast concrete. with construction now under way, to add one lane to the existing four-lane, 366 m Buckland & Taylor Ltd. main span, 3-span tied arch, Port Mann Bridge Engineering, Canada Bridge in Vancouver, BC. The fi ve lanes Buckland & Taylor Ltd. specialises in will fi t between the main arch members bridge engineering, including design, both with the sidewalks located outside. Seis- new and seismic retrofi t, and construc- mic retrofi t design of the main span and tion engineering. During the past year, we approach spans is also under way. have continued to pursue work in the US We prepared alternate design/build de- resulting in contracts for redesign of an signs for the St. John and Jemseg Bridges alternate temporary bracing system for on the New Fredericton-Moncton High- the stiffening truss diagonals of the West way, New Brunswick. Both bridges are Bay Bridge, San Francisco, CA; analysis being constructed to our design using and design of temporary supports for continuous composite steel girders, and bridges at San Francisco Airport; prebid are comprised of twin, two-lane, high work on the seismic retrofi t of Richmond level crossings. San Rafael Bridge, CA, including the con- A review of the existing Skytrain ceptual study of access platforms and in- Guideway in Vancouver was required to stallation of micro-piles; seismic retrofi t ensure its capacity to carry new, heavier of a lifeline bascule bridge in Alameda vehicles. The review has been completed County, CA; and alternate design for the and we are now designing the upgrading Owner and erection engineering for the for some sections of the guideway and the Contractor for the Turtle Bay cable-stayed cable-stayed SkyTrain Bridge. pedestrian bridge in Redding, CA—this bridge is 220 m long and has a striking inclined tower 58 m high. International work has included fi nal Rama 8 Bridge design of the 300 m main span, single Buckland & Taylor Ltd.’s scope of work includes tower cable-stayed Rama 8 Bridge in both the design of the Bangkok, Thailand; design check of the cable-stayed bridge and provision of construction Rion Antirion cable-stayed bridge in engineering for its erection. Greece, with three central spans of 560 m The bridge is scheduled for and two fl anking spans of 305 m; and completion in 2001. feasibility design of the second Inchon Bridge in Korea. We continue to work on major contracts in Canada. We are the Owner’s en- gineer for the complete suspended span replacement of Lions’ Gate Bridge,

35 COWI 99 • 00 Intellectual Capital Accounts 1999/2000

The Intellectual Capital Accounts are in- 100 members of staff. The profi les are tended to reveal whether our present then refi ned to form the basis for the knowledge management strengthens our employees’ annual review interviews, at strategies and policies. which personal development is discussed • these Accounts cover only the parent on an individual basis. company, COWI Consulting Engineers and Planners AS Intellectual Capital Accounts at • these Accounts are not audited all levels externally COWI is a project-oriented company in • the accounts for 1999/00 are struc- which responsibility is delegated to the tured in the same way as last year. individual organisational unit, the indi- In 1999/00, no external or internal vidual project manager and the individual image survey was conducted employee. We will compile decentralised Intellec- Competence profi le on a trial tual Capital Reports for each department basis and division. They will form the basis for It is the individual staff member’s profes- evaluating to what degree a business unit sional and personal knowledge that or manager lives up to the values that are creates value in COWI. Each employee not expressed in the fi nancial accounts. develops his or her own knowledge base To optimise the fi nal form of the Ac- through working with clients, partners counts, we are now carrying out trials and colleagues in the company’s organisa- with decentralised Intellectual Capital tion and networks. Accounts for all divisions. We have developed a pilot project for producing competence profi les of some

36 COWI 99 • 00 International activity

100%

90%

80%

70%

60%

50%

40%

30%

20%

10%

0% 98/99 99/00

The clients should know what Parent company international activity Turnover from international projects we know rose from 39% in 1998/99 to 41% in Turnover from Danish projects We are striving to become more visible in 99/00, measured in turnover from inter- Parent company share of in- society and to promote our skills and national projects. This puts COWI in ternational activity measured in turnover is still rising and knowledge to the client. The Accounts a favourable position in terms of represented 41% in 99/00. therefore include a number of indicators globalisation. that reveal the division of turnover by client and their perception of us. Client proﬁ le

Our specialist skills are of great im- We foresee a stagnant market for public Client proﬁ le 99/00 portance to our visibility and the number sector assignment and a growth in de- of articles published, and lectures given, is mand for consultancy services on the 40% 17% satisfactory. private market. Part of our corporate

strategy, therefore, is to strengthen our 15% 28% International activity position in the private sector. In 1999/00, We must increase the share of interna- the private sector share of our activity tional assignments—both for the sake of fell from 33% to 28%. This is a trend Year’s projects by sector the development potential it gives our we are striving to change by becoming measured by direct salary expenses staff and because a sound economy and more visible and attractive to private Public healthy employment demand a broad sector clients. Semi-public market and a diversiﬁ ed portfolio of Private projects and clients. Associations, international organisations and joint ventures

Client proﬁ le 98/99

34% 18%

15% 33%

37 COWI 99 • 00 Intellectual Capital Accounts

Staff satisfaction is essential The employees are the company’s single greatest asset, as stated in our staff policy. We make great demands on all our staff and managers—we expect good business acumen, professional competence, good Project management capacity people skills and the ability to adjust COWI staff members with managerial experience and develop. In the career system, each manager’s performance is assessed by 98/99 indicators such as the employee’s educa- 99/00 tional level, project and managerial ex- 70% perience, international experience and ﬂ exibility. These ﬁ gure in the Intellectual Management capacity 60% Capital Accounts. Project management is important for

50% The year saw a high turnover of COWI. We are therefore delighted with staff—12% infl ow and 14% outfl ow. the noticeable increase in capacity to 40% Outfl ow was highest among those over manage major projects. 37% of all em- the 35-40 age group, whilst there was ployees now have some experience with 30% considerable net infl ow of people under managing major projects and 56% general

20% 30. There has been a relatively high in- project management. This is a develop- ﬂ ow of IT specialists and employees with ment that will be of great beneﬁ t to our 10% Masters degrees, whilst administrative future clients. personnel, secretaries and multi-lingual COWI’s fundamental business policy 0% secretaries account for the bulk of those states that the company is to develop leaving. as the employees’ company and be an interesting and challenging place to work.

Line managers This goal is being attained through staff inﬂ uence, insight and information—and Total project managers project Total Major project managers Major project through co-ownership. The number of

International project managers International project employees owning COWI shares has risen, so that 80% of all staff are now co- owners. This is a situation with which we are highly satisﬁ ed, as 80% is the Co-ownership maximum attainable, with staff having to Staff owning shares be employed for at least one year before they are eligible to buy shares.

61%

20% 19%

Co-owners Increase in co-ownership No co-ownership

38 COWI 99 • 00 Specialist networks Development Development Our employees are the most important Self-fi nanced development has fallen by part of the production system, which is 1.4% of total man-hours. This is a result 6% fuelled by knowledge and commitment. of the completion of last year’s major IT 5% The organisation, therefore, must form development. the framework that gives the staff the 4% chance to maintain, build on and share Time spent abroad 3% their knowledge with their colleagues. Time spent abroad rose from 8.5% of to- 2% One way of doing this is through cooper- tal man-hours in 98/99 to 8.9% in 99/00. 1% ation across organisational boundaries, a This is a step in the right direction which 0% tenet we are supporting by strengthening we are striving to further—partly through 97/98 98/99 99/00 our specialist networks. trainee and exchange schemes with our Share of total man-hours Learning on the job is important and subsidiaries—because international used on self-fi nanced can be promoted through the sharing of experience is important to the realisation development knowledge and dialogue in well-structured of our strategies. and dynamic specialist networks. At the present time, we have 33 professional External access to IT facilities networks, an increase compared to last Our staff must be able to make the most year. Such networks promote knowledge of IT technology wherever they may be— sharing between colleagues and make at the clients’ offi ces, travelling or at visible our spectrum of in-house skills and home. Staff now have direct access to expertise. 41% of all our IT facilities via external In a move to maximise benefi t of the connection. We want to see far greater knowledge and experience present in the fl exibility in our work processes and are company, we are building up an effi cient therefore intensifying our efforts make system that continuously records Best more IT facilities available to our staff, Practices within our specialist skills and irrespective of time or place. project management. So far, we have registered about 700 Best Practices on the Intranet.

39 COWI 99 • 00 Intellectual Capital Accounts

1999/00 1998/99 Notes Clients and market

Clients Resources 1 Share of annual turnover measured against direct Client proﬁ le 1 salary expenses. Others include international Public clients 40% 34% organisations, associations and joint ventures. Semi-public clients 17% 18% 2 Share of annual turnover measured against fee. Private clients 28% 33% 3 New method of data collection. Figures for this Others 15% 15% year are therefore not comparable with last year’s. International turnover 2 4 Based on 190 answers from clients early 1998. Projects abroad 41% 39% 5 No image surveys were conducted in 1999/00. Processes Professional proﬁ ling 3 Lectures per 100 employees 19 (3.5) Pro. papers per 100 employees 17 (6.2) Results Clients’ impression of COWI Total image index - 5 65% 4 Media exposure Press cuttings per employee 1.0 0.6

Staff

Staff Resources 1 Staff composition (year end). Staff profi le 1 2 Gross outfl ow and infl ow in % of staff at the Total number of staff 1514 1544 beginning of the fi nancial year. Average age 42.3 y 42.3 y 3 Average duration of education including high Share of women 33% 33% school. The original value is written off with 50% Staff turnover 2 over 35 years. Infl ow 12% 10% 4 100% is achieved 30 years after education has Outfl ow 14% 13% been completed. The annual increased value is Education 3 highest during the early years. On average, emplo- Length of education 6.0 y 5.9 y yees have almost 17 years’ experience since Written-off value 4.4 y 4.2 y fi nishing their education. Experience 4 72% 74% 5 100% is achieved after 5 years of employment Seniority 5 71% 71% in COWI. Average length employment in COWI is Project manager capacity 6 almost 9 years. All projects 56% 56% 6 Fraction of all staff with project management Major projects (> DKK 1m) 37% 31% experience, divided into three levels of complexity. International projects 25% 25% Major projects are those with a fee of more than Line manager capacity 7 DKK 1m. Experience 8.7% 9.1% 7 Fraction of staff with department management International experience 8 experience in COWI (year end) Travelling activity 20% 20% 8 100% is achieved after 200 days of travelling (per Staff co-ownership employee) since recruitment. The fi gure is 24%, Staff owning COWI shares 80% 61% incl. duty travel before employment in COWI. 17% Processes of employees have been posted abroad for more Flexibility 9 than 6 months before or whilst employed in COWI. Overtime (gross) 5.7% 3.9% 9 Overtime is calculated in % of the annual total sum -Deducted time off in lieu (net) 3.5% 1.4% of working hours, with and without time off in lieu. Results: 10 Weighted average of 22 questions given all staff in Staff satisfaction connection with the climate survey conducted in Total satisfaction index 10 - 64%10 May 1999. Reply percentage: 74%. Sick leave % of total working hours 2.5% 2.5%

40 COWI 99 • 00 Intellectual Capital Accounts

Organisation 1999/00 1998/99 Notes

Resources Organisation Professional networks 1 Staff involved in professional networks, indicated in Total 33 29 % of total number of employees (year end) Degree of organisation 1 7.5% 7.4% 2 Number of registered Best Practices (year end). Best Practices (BP) 2 3 Weighted indicator for share of IT facilities acces- Number of BP on the Intranet 699 612 sible via external connection (year end). External data access 3 4 Distribution of the year’s project activities in relation to internal line switching 41% 42% measured in working hours by type of consulting Processes services. Not registered in 99/00. Project activity 4 5 Average number of external projects that each -Technical consulting - 48% employee on average has worked on during the -General consulting, R&D - 24% year. -Planning/survey/analysis - 24% 6 Development activity’s share of the total number -Other - 4% of working hours. Activities consist of R&D, Assignments/Staff 5 19.5 18.2 supplementary education and internally fi nanced Development activity 6 specialist development. Total >4.8% 7.3% 7 Comparative fi gures of average cross- On client projects - 1.4% organisational collaboration. Internal fi nanced 4.4% 5.8% 8 Inter-disciplinary collaboration on projects -R&D projects - 0.6% (in relation to maximum attainable), where the -Supplementary education 0.8% 0.5% composition of all project teams refl ected the Inter-organisational collaboration 7 specialist group’s share of the total number of staff. Own activity 31% 34% 9 Share of the year’s total working hours spent on Colleagues from: overnight travelling and periods abroad of more -Own department 36% 32% than 6 months. The fi gure for foreign postings -Own division 12% 12% has been revised. The fi gure for 98/99 has been -Other division 21% 23% adjusted accordingly. Inter-disciplinary collaboration 8 All disciplines 30% 30% -Technical science 27% 28% -Social science 26% 26% -Natural science 38% 39% Overseas stays 9 Short stays 4.9% 4.1% Posting 4.0% (1.8%)

41 COWI 99 • 00 Accounting Report

Annual turnover of the Group The Group’s fi nancial development during lion of this fi nancial year’s bond discount distributed between Denmark and 1999/00 showed signifi cant improvement is unamortised. abroad, DKK million on the previous year. Operating profi t and The overall result before taxes and 1400 profi t before and after taxes were con- minority interests is a profi t of DKK 19.0 1200 siderably improved. million, compared to a loss of DKK 19.8 1000 In accordance with Group strategy, million the previous year—an improve-

800 turnover is now shared equally between ment of DKK 39.8 million.

600 the Danish and foreign markets. Turnover The year’s result after provision for amounted to DKK 1,377.3 million, an in- taxes and minority interests is a profi t of 400 crease of 4%. The Danish contribution DKK 6 million, against a loss of DKK 4.5 200 rose by 2%, whilst the contribution from million last year. 0 abroad rose by 5%. Total assets rose from DKK 900.6 95/96 96/97 97/98 98/99 99/00 Overall costs, exclusive fi nancial and million to DKK 1,004.4 million. Denmark extraordinary items amounted to DKK The most noticeable development on Abroad 1,378.4 million, much in line with the the assets side is a rise in accounts receiv- previous year. Expenses, exclusive payroll able from services rendered—an increase Turnover and profi t costs, fell by 3% to DKK 317.1 million, from DKK 68.1 million to DKK 364.8 DKK million sundry external expenses rose by 4% to million. This rise is due to a delay in in-

1400 DKK 184.1 million, whilst staff expenses voicing to April, the last month of the rose by only 1% to DKK 831.0 million. fi nancial year, as a result of the introduc- 1200 Depreciation fell by 6%, that is DKK tion of a new administrative framework 2.6 million. system. The most troublesome problems 1000 The Group improved its operating encountered have now already been profi t, excluding subsidiaries and fi nanc- solved. 800 ing, by DKK 41.7 million. Compared to On the liability side, equity capital

100 the loss the previous year of DKK 35.9 rose from DKK 295 million to DKK

0 million, the result this year was a profi t of 297.5 million. In addition, there is a con- 95/96 96/97 97/98 98/99 99/00 DKK 5.8 million. siderable rise in bank debt from DKK 5.0 Turnover The net result on fi nancial income and million last year to DKK 77.3 million, a Pre-tax profi t expenses was a profi t of DKK 15.1 million change which should be seen in the light against DKK 17.7 million the previous of the aforementioned delay in invoicing. fi nancial year. Financial income amounted Accounts payable to suppliers of goods Equity capital to DKK 32.4 million, compared to DKK and services rose from DKK 22.9 million DKK million 25.5 million the previous year. The im- to DKK 65.7 million. 300 provement was due primarily to exchange Equity share fell from 32.8% to 250 rate adjustments as a result of the 29.6%.

200 strengthening of several currencies against the Danish krone. Financial expenses 150 amounted to DKK 17.2 million, com- 100 pared to DKK 7.8 million the previous 50 year. This change was mainly due to bond

0 discount of DKK 8 million, against DKK 95/96 96/97 97/98 98/99 99/00 1 million the previous year. DKK 5 mil-

Minority interests Equity capital

42 COWI 99 • 00 Board of Directors Positions in other Danish companies Auditor’s Report Jørgen Madsen Chairman of the Board of: We have audited the consolidated Chairman Denka Holding A/S accounts and the annual accounts of On the Board of: COWI Consulting Engineers and Thando A/S Planners AS for 1999/00 prepared by Jørn Schønneman the management. Vice Chairman

Ole Steen Andersen Danfoss A/S - Executive Vice President, CFO Audit Work Performed Niels Christian Nielsen On the Board of: In accordance with generally Den Danske Bank A/S, Grundfos A/S, accepted auditing principles, we Dampskibsselskabet TORM, planned and performed the audit to Ejendomsselskabet Norden A/S, obtain reasonable assurance as to Otto Mønsted A/S, Oticon-Fonden whether the annual accounts are free Carsten Kærgaard from material errors or omissions. Based on an assessment of material- Torsten Mølgaard ity and risk, our audit includes Henriette Bundgaard* examining evidence supporting the Ida Garre* amounts and other disclosures in the consolidated and annual accounts. Peter Michael Steen Jacobsen* We have assessed the accounting Carsten Digman Stig* principles used and estimates made by management, and evaluated the adequacy of the presentation of in- * Staff representatives formation in the consolidated and annual accounts. The audit did not give rise to any Management Positions in other Danish companies qualiﬁ cations. Klaus H. Ostenfeld Managing Director, CEO Conclusion Knud Østergaard Hansen On the Board of: In our opinion, the consolidated and Executive Director, Danish Standard Association annual accounts have been properly Danish Operations prepared in accordance with the Henning H. Therkelsen accounting provisions of the law, and Executive Director, give a true and fair view of the International Operations ﬁ nancial position of the company, the assets and liabilities, and the Keld Sørensen result of its operations. Financial Director, CFO

Copenhagen, 29 June 2000 PricewaterhouseCoopers

Hans Primdal, State Authorised Public Accountant

43 COWI 99 • 00 Consolidated Accounts 1999-2000

Accounting policies Capital in subsidiaries and associated The main characteristics of the accounting companies is included according to the policies—which are essentially the same for parent company’s percentage of the indi- all companies of the group—are as follows: vidual company’s equity. The share in joint ventures is included in the receiva- Profi t and Loss statement bles with associated companies. The turnover of the parent company in- Securities are entered at purchase cludes the invoiced amounts of the year price or at market price as per 30 April from the Danish offi ces for domestic and 2000, whichever is lower. international jobs. It has been adjusted Work in progress consists of the cost for changes in work in progress and price of work not yet invoiced based on amounts invoiced in advance. an evaluation of salaries and job expenses In all cases, linear depreciation is com- on each job. Under project expenses, puted over the estimated economic life- project costs are entered in the same way time of the investment. The principles are as other expenses. Comparative fi gures described in the notes. for last year for work in hand and ad- The subsidiaries’ and associated com- vance invoicing have been changed, panies’ incomes are included in the parent though with no effect on the profi t for company’s profi t and loss statement the year. according to percentage of ownership. Provision for general reserves for risks The company’s activity exercised through abroad etc. is based on an overall evalua- joint ventures is included in the company’s tion of foreign accounts receivable and turnover. Conversion of income from other risks. foreign companies is calculated at the rate Accounts receivable and debts in for- of exchange ruling at the end of the fi scal eign exchange have been entered at the year. rate of exchange ruling at the end of the Interest income and expenses are cal- fi scal year. culated according to the accruals concept. Exchange adjustments for accounts re- Principles of consolidation ceivable and debts in foreign currencies as The consolidated accounts are made up of 30 April 2000, are calculated at rates on the basis of the accounts of the indi- of exchange on the same date. vidual companies of the group by adding In the case of securities, realised capi- corresponding items and eliminating in- tal gain is entered as income, while both come and expenses and accounts between realised and non-realised capital loss are the companies of the group. entered as expenditure. In the consolidated accounts, the dif- Taxes have been preliminarily calcu- ference between the acquisition price of lated and appear on the profi t and loss percentages of subsidiary companies and statement. that part of their equity capital which the traded capital interests represent at the Balance sheet time of acquisition, is treated as goodwill. As a main rule, the assets of the group The amount is written off over a fi ve-year have been entered at the initial cost or the period. cost price with deductions of accumulated depreciation.

44 COWI 99 • 00 Proﬁ t and Loss Statement

Parent Company Group

99/00 98/99 99/00 98/99 Note DKK 1,000 DKK million Note DKK 1,000 DKK million

Turnover 1 1,147,583 1,119.1 20 1,377,337 1,328.5 Sundry income 0 0 6,565 8.3 1,147,583 1,119.1 1,383,902 1,336.8

Direct job expenses 309,989 309.8 317,063 325.8 Net turnover 837,594 809.3 1,066,839 1,011,0

Sundry external expenses 133,760 128.0 184,097 177.8 Staff expenses 2 664,110 668.4 21 831,036 818.9 39,724 12.9 51,706 14.3

Depreciations 3 29,184 32.0 39,206 41.8 Sundry expenses 4,796 7.6 6,688 8.4 Operating proﬁ t excluding 5,744 -26.7 5,812 -35.9 subsidiaries etc.

Profi t from associated companies 2,949 1.5 0 0.1 Loss from associated companies and subsidiaries 11,700 11.5 267 0.0 Profi t before fi nancing -3,007 -36.7 5,545 -35.8

Financial income 31,802 24.2 32,364 25.5 Financial expenses 13,397 4.2 17,218 7.8 15,398 -16.7 20,691 -18.1

Extraordinary income 0 0.0 1,188 0.1 Extraordinary expenses 0 0.0 2,860 1.8 Proﬁ t before taxes 15,398 -16.7 19,019 -19.8

Adjustments in tax in respect of prior years 4 0 +7.5 0 +7.5 Taxes 4 9,357 +4.7 22 12,177 +7.1 6,842 -5.2

Minority interests 23 801 +0.7 Proﬁ t of the year 6,041 -4.5 6,041 -4.5

45 COWI 99 • 00 Assets

Parent Company Group

99/00 98/99 99/00 98/99 Note DKK 1,000 DKK million Note DKK 1,000 DKK million

Fixed assets Intangible assets Leasehold improvements 14,767 8.6 15,565 9.8 Goodwill 3,488 6.0 15,221 19.1 Deposits 22,964 21.8 23,549 22.0 Software 14,581 19.3 14,581 19.3 Total intangible assets 5 55,800 55.7 24 68,916 70.2

Tangible assets Land and buildings 5,496 5.7 61,719 61.8 Plant and equipment 37,212 46.1 48,708 59.5 Total tangible assets 6 42,708 51.8 25 110,427 121.3

Financial assets 7 26 Shares in subsidiaries 8 48,687 56.5 - - Shares in associated companies 9 931 0.3 27 2,726 0.4 Amounts owed by subsidiaries 22,418 13.2 - - Other equities and shares of capital 206 0.3 346 1.2 Total ﬁ nancial assets 72,242 70.3 3,072 1.6

Total ﬁ xed assets 170,750 177.8 182,415 193.1

Current assets Work in progress, net 10 88,479 75.1 28 108,430 93.1

Accounts receivable Rendering of services 301,988 223.7 364,791 296.7 Subsidiaries 28,648 33.2 - - Associated companies 527 0.0 12,963 8.5 Others 34,336 33.1 49,784 38.8 Total accounts receivable 365,499 290.0 427,538 344.0

Own shares 11 474 1.1 474 1.1

Bonds and equities 12 214,078 206.3 29 214,078 206.3 Cash funds 30,272 37.8 71,456 63.0 Total current assets 698,802 610.3 821,976 707.5 Total assets 869,552 788.1 1,004,391 900.6

46 COWI 99 • 00 Liabilities

Parent Company Group

99/00 98/99 99/00 98/99 Note DKK 1,000 DKK million Note DKK 1,000 DKK million

Equity capital Company capital 34,750 34.8 34,750 34.8 Share premium 5,881 5.9 5,881 5.9 Legal reserves: Reserve for own shares 474 1.1 474 1.1 Proﬁ t brought forward 256,413 253.2 256,413 253.2 Total equity capital 13 297,518 295.0 297,518 295.0

Minority interests 6,893 8.5

Provisions Deferred taxes 14 124,830 115.6 124,610 119.7 Provisions 15 7,000 7.0 30 13,871 13.6 Total provisions 131,830 122.6 138,481 133.3

Long term liabilities Mortgage loan 16 0 0.0 31 6,975 10.6 Other long term liabilities 9,213 7.8 Total long term liabilities 0 0.0 16,188 18.4

Current liabilities Mortgage loan 16 9 0.0 31 347 0.4 Bank debt 58,936 0.0 77,294 5.0 Debts to subsidiaries 6,080 5.7 - - Accounts owed to associated companies 0 0.0 22,414 14.2 Accounts payable suppliers 53,144 35.1 65,713 42.8 V.A.T., PAYE 55,428 57.9 55,428 57.9 Accounts payable other 20,444 25.0 38,189 44.7 Invoiced in advance 17 150,314 159.3 32 166,685 172.6 Accrued holiday allowance 92,374 87.5 112,886 105.6 Accrued tax 0 0.0 2,880 2.2 Dividend for the year 3,475 0.0 3,475 0.0 Total current liabilities 440,204 370.5 545,311 445.4 Total debts 440,204 370.5 561,499 463.8 Total liabilities 869,552 788.1 1,004,391 900.6

Fee to auditor appointed in Annual General Meeting 18

Contingency liabilities 19 33

47 COWI 99 • 00 Cash Flow Statement

Parent Company Group

99/00 98/99 99/00 98/99 Note DKK 1,000 DKK million Note DKK 1,000 DKK million

Proﬁ t of the year 6,041 -4.5 6,041 -4.5 Depreciation of the year 29,184 32.1 39,206 41.7 Provision for tax 9,200 -12,7 4,912 -18.1 Provisions 0 0.0 291 -5.7 Adjustment of: Receivables, services -78,231 -8.1 -68,076 -16.2 Receivables and debt, subsidiaries, etc. 4,347 1.2 -4,429 -8.1 Work in progress and invoiced in advance -22,322 18.8 -21,228 26.3 Other receivables -1,189 -5.7 -10,984 -4.8 Own shares 618 2.2 618 2.2 Suppliers of goods and services 18,063 -8.6 31,090 3.1 Other debt -2,202 -29.7 1,645 -26.1 Corporation debt paid 0 0.0 672 1.0 Cash ﬂ ow from operating activities -36,491 -15.0 -20,242 -9.2

Acquisition of intangible fi xed assets -10,552 -9.3 -12,800 -24.5 Acquisition of tangible fi xed assets -9,705 -18.2 -14,191 -23.8 Acquisition of fi nancial fi xed assets -1,913 -15.5 -1,483 0.0 Cash fl ow from investment activities -22,170 -43.0 -28,474 -48.3

Dividend paid/acquisition of minority shareholdings 0 0.0 -5,129 -1.5 Repayment of investment loan -35 0.0 -3,636 -10.7 Repayment of investment loan 0 0.0 1,417 6.7 Repayment of non-trade creditors and bank debt 58,936 0.0 72,337 4.3 Cash ﬂ ow from ﬁ nancing activities 58,901 0.0 64,989 -1.2

Movements of the year in net liquid funds 240 -58.0 16,273 -58.7

Liquid funds 1 May 244,110 302.1 269,261 328.0 Liquid funds 30 April 244,350 244.1 285,534 269.3

Liquid funds include securities and cash at bank and in hand.

48 COWI 99 • 00 The COWI Ofﬁ ces

Denmark

Regional Director: Regional Director: Regional Director: Regional Director: Ib Thorseng Torben Søgaard Jensen Lars-Peter Søbye John Dyrlund

OFFICES IN DENMARK Region Funen Region North Jutland Region Mid Jutland Region South Jutland

Head Ofﬁ ce COWI Svendborg COWI Aalborg COWI Århus COWI Vejle Fåborgvej 65 A Cimbrergaarden Jens Chr. Skous Vej 9 Flegborg 6 Lyngby 5700 Svendborg Thulebakken 34 8000 Århus C 7100 Vejle Parallelvej 15 Tel.: +45 62 21 43 11 9000 Aalborg Tel.: +45 87 39 66 00 Tel.: +45 76 42 64 00 2800 Lyngby Fax: +45 62 22 38 43 Tel.: +45 99 36 77 00 Fax: +45 86 39 66 00 Fax: +45 76 42 64 01 Tel.: +45 45 97 22 11 35 employees Fax: +45 99 36 77 01 120 employees 60 employees Fax: +45 45 97 22 12 Regional Director: 77 employees Regional Director: Regional Director: E-mail: [email protected] Ib Thorseng Regional Director: Torben Lars-Peter Søbye John Dyrlund Internet: www.cowi.dk Søgaard Jensen 961 employees COWI Odense COWI Holstebro COWI Kolding Odensevej 95 COWI Viborg Enghaven 4 Nytorv 2 Gladsaxe 5260 Odense S Sct. Mathiasgade 38 7500 Holstebro 6000 Kolding Gladsaxevej 372 Tel.: +45 63 11 49 00 8800 Viborg Tel.: +45 97 40 42 33 Tel.: +45 76 33 86 00 2860 Søborg Fax: +45 63 11 49 49 Tel.: +45 86 61 40 44 Fax: +45 97 41 30 28 Fax: +45 76 33 86 01 Tel.: +45 45 97 22 11 40 employees Fax: +45 86 61 41 41 7 employees 19 employees Fax: +45 45 97 21 17 Branch Manager: 9 employees Branch Manager: Regional Director: 92 employees Søren Rasmussen Branch Manager: Niels Møller Jensen John Dyrlund Jens Erik Larsen Sorø COWI Esbjerg Energivej 3 Stormgade 2 4180 Sorø 6701 Esbjerg Tel.: +45 57 83 32 88 Tel.: +45 79 18 17 77 Fax: +45 57 83 32 85 Fax: +45 75 45 22 45 2 employees 30 employees Branch Manager: Branch Manager: John Jansson Henning Peick

SUBSIDARIES Established in 1975. Studstrup & Østgaard Managing Director: A/S Consulting Engineers COMAR Engineers A/S Jørgen Grundtvig and Planners Lyngby Hovedgade 94 Cimbrergaarden 2800 Lyngby Thulebakken 34 Tel.: +45 45 87 44 77 BRUUN&SØRENSEN 9000 Aalborg SV Fax: +45 45 87 33 22 GROUP AS Tel.: +45 98 18 81 33 Established in 1988. Consulting Engineers Fax: +45 98 18 67 32 Managing Director: and Planners Established in 1953. Ole Juul Jensen Jens Chr. Skous Vej 9 Managing Director: Aalborg 8000 Århus C Mogens Bo Knudsen MATCON Consulting Tel.: +45 87 39 67 00 Engineers and Fax: +45 87 39 66 60 Branch Offi ce Planners A/S Established in 1983. Jernbanegade 17 Parallelvej 15 Managing Director: 9670 Løgstør 2800 Lyngby Hans Christian Bjørn Tel.: +45 98 67 12 44 Tel.: +45 45 97 24 75 Fax: +45 98 67 20 73 Fax: +45 45 97 21 14 Branch Offi ce Viborg E-mail: [email protected] Enghaven 4 Internet: www.matcon.dk 7500 Holstebro DANPORT Tel.: +45 97 40 42 33 The Danish Port Holstebro Fax: +45 97 41 30 28 Consultancy Group AS Århus Lyngby Hovedgade 94 Branch Offi ce 2800 Lyngby Lyngby Parallelvej 15 Tel.: +45 45 87 40 10 2800 Lyngby Fax: +45 45 87 33 22 Vejle Tel.: +45 45 97 22 11 Managing Director: Gladsaxe Fax: +45 45 97 22 12 Ole Juul Jensen Esbjerg Enviroplan Kolding Sorø International A/S Odense Gladsaxevej 372 2860 Søborg Svendborg Tel.: +45 45 97 22 11 Fax: +45 45 97 21 17 Managing Director: Jørn Schønnemann

49 COWI 99 • 00 Ofﬁ ces abroad International experience

Abroad

EUROPE Norway Great Britain Spain Lithuania

Germany Hjellnes COWI AS COWIconsult Covitecma, S.A. UAB COWI Baltic Consulting Engineers International Ltd. Ingenieros Consultores Consulting Engineers BaUm COWI and Planners Consulting Engineers Agustin de Foxá 25 and Planners Bau- und Umweltplanung Postal address: and Planners E-28036 Madrid Lukiskiu Street 5-416 GmbH P.O. Box 91, Manglerud 35 Basinghall Street Tel.: +34 91 378 97 00 2600 Vilnius Seydelstrasse 27 N-0612 Oslo London EC2V 5DB Fax: +34 91 378 97 11 Tel.: +370 2-618 003 D-10117 Berlin Offi ce address: E-mail: [email protected] Fax: +370 2-224 777 Tel.: +49 30-20 19 83 30 Plogveien 1, Manglerud General Manager: E-mail: [email protected] Fax: +49 30-20 19 83 05 N-0612 Oslo Russia Tomás A. Barrera Managing Director: E-mail: Tel.: +47 22-57 48 00 Andrius Koncius [email protected] Fax: +47 22-19 05 38 Moscow Representative Managing Director: E-mail: [email protected] Offi ce of COWIconsult Belgium Reinhard Jannicke Managing Director: International Ltd. Hungary Ivar Schjetlein Krzhizhanovskogo St. 14 COWI Dresden Branch Block 3, Consulting Engineers COWI Hungary Ltd. Wasastrasse 50 COWI Oil and Gas 117218 Moscow and Planners AS Bihary János u. 20/III/3 D-01255 Radebeul Auglendsdalen 81 Russian Federation Rue Montoyer 6, 1 H-1055 Budapest Tel.: +49 35 18 30 47 66 N-4017 Stavanger Tel.: +7 095-125 38 85 B-1040 Brussels Tlf.: +36 1-31 16570 Branch Manager: Tel.: +47 51-58 00 40 Fax: +7 095-719 74 10 Tel.: +32 2-511 23 83 Fax: +36 1-31 16570 Thomas Schade Fax: +47 51-58 00 44 E-mail: offi [email protected] Fax: +32 2-511 38 81 E-mail: E-mail: [email protected] Internet: E-mail: [email protected] [email protected] Established in 1998. http://www.cowi.ru Branch Manager: Managing Director: Poland Branch Manager: Managing Director: Preben Juul Mikkelsen Zsuzsanna Lehoczki Frank Gjertsen Sergey L. Stepanischev COWI Polska Sp. z o.o. ul. Iganska 10 skr. poczt. 83 04-087 Warszawa 50 Tel.: +48 228 13 56 46 Fax: +48 228 10 02 25 E-mail: [email protected] Managing Director: Tadeusz Popielas

50 COWI 99 • 00 NORTH AMERICA AFRICA MIDDLE EAST THE FAR EAST

USA Tanzania Uganda Bahrain The Philippines

Ben C. Gerwick, Inc. COWI Tanzania COWI COWI-ALMOAYED GULF COWI Philippines, Inc. Consulting Engineers Consulting Engineers Consulting Engineers W.L.L. Postal address: 601 Montgomery Street and Planners Ltd. and Planners AS Consulting Engineers P.O. Box 14463, Suite 400 Postal address: Postal address: and Planners Ortigas Center Post Offi ce, San Francisco CA 94111 P.O. Box 1007 P.O. Box 10591, Kampala Postal address: Emerald Avenue, Tel.: +1 415-398 89 72 Dar es Salaam Offi ce address: P.O. Box 5486, Manama Pasig, Metro Manila Fax: +1 415-433 81 89 Offi ce address: Crusader House, Offi ce address: Offi ce address:: E-mail: [email protected] Plot 2410/5 2nd Floor, House No.694, Room 601, 6th Floor, Internet: Sea View Road, Plot No. 3, Portal Avenue Road No. 920 Emerald Building, http://www.gerwick.com Upanga Kampala Area 309 (Al Sulmaniya) No.14 Emerald Avenue President: Tel.: +255 22-212 00 06/07 Tel.: +256 41-34 30 45 Tel.: +973 24 42 27 Ortigas Center, Pasig, Paul Erik Bach Fax: +255 22-211 82 86 Fax: +256 41-34 32 43 Fax: +973 24 43 37 Metro Manila E-mail: [email protected] E-mail: E-mail: Tel.: +63 2-633 39 98 Buckland & Taylor Ltd. Managing Director: [email protected] [email protected] Fax: +63 2-633 40 03 Bridge Engineering Henrik Theilgaard Branch Manager: General Manager: E-Mail: 101 Ygnacio Valley Road Kurt Andreasen Torben Bang [email protected] Suite 105 Walnut Creek, CA 94596 Nigeria Tel.: +1 925 472-8600 Ghana Dubai, U.A.E. China Fax: +1 925 472-8602 NIDANservices Beijing YAN-DAN E-mail: [email protected] Consulting Engineers COWI COWI-ALMOAYED GULF Heat Energy Technology Branch Manager: and Planners Consulting Engineers W.L.L. Development Co., Ltd. Paul A. Goryl Postal address: and Planners AS, Ghana Consulting Engineers Offi ce address: P.O. Box 2223, Lagos Postal address: and Planners RM 302, Ideal Building, Offi ce address: P.O. Box 30507, Kotoka Postal address: IA Nanlishilu Ertiao Canada Plot 27, Femi Ayantuga International Airport, Accra P.O. Box 52978, Dubai Xicheng District Cresent, Surulere, Lagos Offi ce address: Offi ce address: Beijing, China 10045 Buckland & Taylor Ltd. Tel.: +234 1-83 49 93 4 Agbaamo Street, Al Waleed Building Tel.: +86 10-68 53 13 74 Bridge Engineering Fax: +234 1-87 42 29 Airport Residential Area, Offi ce No. 601 Fax: +86 10-68 56 54 75 1591 Bowser Avenue Owner: Ajani Tomori Accra Al Mina Road/Al Rola Road, E-mail: [email protected] North Vancouver, BC Tel.: +233 21-77 34 51 Dubai Managing Director: Canada V7P 2Y4 Fax: +233 21-77 15 16 Tel.: +971 4-39 31 607 Ma Jingtao Tel.: +1 604 986-1222 Kenya E-mail: Fax: +971 4-39 31 605 Fax: +1 604 986-1302 [email protected] E-mail: Denmark COWI E-mail: [email protected] Runji & Partners [email protected] Consulting Engineers Internet: http://www.b-t.com Consulting Engineers Ltd. General Manager: and Planners AS President: Postal address: Burkina Faso Anthony J. Carpenter 6F Kings Tower, Peter G. Buckland P.O. Box 68053, Nairobi #16 Shishan Rd. Offi ce address: COWI 215011 Suzhou 3 Kindaruma Road Consulting Engineers Oman Tel.: 86 512 825 0400 (Off Ngong Road) and Planners AS Fax: 86 512 825 9401 Nairobi Postal address: COWI & Partners LLC E-mail: [email protected] Tel.: +254 2-71 72 13/14 01 B.P. 1770 Consulting Engineers Fax: +254 2-71 72 15 Ouagadougou 01 and Planners Owner: Runji Ngware Offi ce address: Postal address: Vietnam Avenue Yennenga P.O. Box 2115, Ruwi Ouagadougou 01 Postal Code 112 COWI - HADECON South Africa Tel.: +226 305348 Offi ce address: Project Offi ce Fax: +226 305347 Al Wallaj Street, 132 Le Duan KAGISO-COWI E-mail: [email protected] Building No.5902, Hanoi Development Planning Branch Manager: Way No.664, Qurum Tel.: +84 48-222 833 Consultants Pierre de Rancourt Tel.: +968 56 22 80/81 Fax: +84 48-222 834 Postal address: Fax: +968 56 46 43 E-mail: P.O. Box 1878, E-mail: [email protected] Johannesburg 2000 [email protected] Offi ce address: General Manager: 8th Floor, Anthony J. Carpenter Braamfontein Centre 23 Jorissen Street Braamfontein 2001 Tel.: +27 11 403 63 19 Fax: +27 11 403 18 84 E-mail: [email protected] Acting Managing Director: Kgotso Schoeman

51 COWI 99 • 00 Editor: John Jørgensen (responsible) Editorial input ended July 29 2000 Print run: 10,000

Rewrites and translation: Tony Wedgwood

Design and DTP: Designenheden

Graphic production: Wandel & Carlsen Printed on Nordic Ecolabel paper

Photographs etc.: Portraits: Steen Bjerregaard Knud E. Fotografi Mona’s Foto Atelier Cover and fl ap: Mogens Carrebye Page 2-3: Mogens Carrebye Nordfoto, Bo Amstrup Page 10-11: Claus Haagensen/Chili SAS DISSING+WEITLING arkitektfi rma a/s Page 12-13: Nordfoto, Ditte Bjerregaard Page 14-15: Mogens Carrebye Bert Wiklund Nordfoto, Darren Regnier Page 18-19: Medvind Fotografi Page 20-21: Ørestadsselskabet - Thomas Ipsen and Teit Hornbak Page 22-23: Mogens Carrebye Page 24-25: C.F. Møllers Tegnestue Bach Fotografi Mogens Carrebye Page 26-27: Mogens Carrebye Page 30-31: Nordfoto, Søren Bidstrup Page 36-41: Mogens Carrebye And COWI employees.

52 COWI 99 • 00

Consulting Engineers and Planners AS Parallelvej 15 DK-2800 Lyngby

Tel. +45 45 97 22 11 Fax. +45 45 97 22 12 E-mail [email protected] Internet www.cowi.dk

CVR NO 44623528 Member of the Danish Association of Consulting Engineers afﬁ liated to Fédération Internationale des Ingénieurs-Conseils (FIDIC)