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Suez and Mip Announce the Signature of a Preliminary Joint-Venture Agreement to Support Greater Moscow Project

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Suez and Mip Announce the Signature of a Preliminary Joint-Venture Agreement to Support Greater Moscow Project Cannes, 12 March 2019 SUEZ AND MIP ANNOUNCE THE SIGNATURE OF A PRELIMINARY JOINT-VENTURE AGREEMENT TO SUPPORT GREATER MOSCOW PROJECT On the occasion of MIPIM, the world’s leading property market, SUEZ and Mosinzhproekt (MIP) signed a preliminary joint-venture agreement in order to contribute to the strategy for rubble and waste management produced by urban transport projects in Greater Moscow. In order to improve mobility, the City of Moscow is implementing a comprehensive urban transport development plan. It will develop multi-modal transport network by 2023, including the subway, with more than 50 stations and up to 140km of new lines within Greater Moscow. Along with the program of renovation of housing concerning 5,000 public housing buildings, these major projects will generate over 50 million cubic meters of rubble. The Moscow City wants to optimise construction waste management, from treatment to recovery and including reuse, but also to ensure its traceability. The purpose of the joint-venture will be to provide solutions to improve Construction and Demolition Waste management, including soils and sludge, for the construction of new multimodal Mass Rail Transit (MRT) underground metro lines and the urban regeneration of public housing. In this context, the scope of the joint-venture and the final agreement will be finalized early summer 2019. “We are proud to confirm our commitment with MIP to address urban transformation and circular economy challenges in the Russian megalopolis. Our expertise and solutions will help and optimize the management of worksite rubble and debris, but also improve the carbon footprint of the Greater Moscow project”, comments Jean-Louis Chaussade, CEO of SUEZ. “Moscow is interested in leveraging of cutting-edge international expertise. Even if there is no problem of disposal of construction waste, the joint project with one of the world leaders of waste treatment will allow us to progress to a new level using the French technologies and the worldwide experience. It is particularly important regarding the program of renovation of housing”, says the Deputy Mayor in charge of the Greater Moscow Marat Khusnullin. Contacts: SUEZ – Press Mosinzhproekt – Press SUEZ - Analysts and Ophélie Godard +7 495 225-19-40 / investors +33 (0) 1 58 81 54 73 ext. 5064, 5065, 5049 [email protected] [email protected] +33 (0)1 58 81 24 05 About SUEZ With 90 000 people on the five continents, SUEZ is a world leader in smart and sustainable resource management. We provide water and waste management solutions that enable cities and industries to optimize their resource management and strengthen their environmental and economic performances, in line with regulatory standards. To meet increasing demands to overcome resource quality and scarcity challenges, SUEZ is fully engaged in the resource revolution. With the full potential of digital technologies and innovative solutions, the Group recovers 17 million tons of waste a year, produces 3.9 million tons of secondary raw materials and 7 TWh of local renewable energy. It also secures water resources, delivering wastewater treatment services to 58 million people and reusing 882 million m3 of wastewater. SUEZ generated total revenues of €17.3 billion in 2018. About Mosinzhproekt Mosinzhproekt (MIP) is the leader in the construction market of Moscow and the largest engineering holding of Russia. In 2018, MIP renewed his presence within the top-100 of the largest companies in Russia in terms of sales in the RAEX-600 rating, and also received a special prize “For the Implementation of Breakthrough Projects”. In addition, in 2018, the RAEX rating agency (Expert RA) confirmed the quality rating of corporate governance of Mosinzhproekt at the A + .gq level - “Very high level of corporate governance”. In the international ranking of the world's largest contractors ENR’s 2018 Top 250 Global Contractors, the company progressed immediately by 24 positions compared to the previous year, ranking 114. The company also took the 118th position in the TOP-150 of the world's leading designers “ENR’S 2018 Top 150 Global Design Firms”. According to the results of effective work in 2018, the team of MIP was awarded with the Letter of Gratitude of the Mayor of Moscow Sergey Sobyanin “For great contribution to the development of the construction industry of the city of Moscow”. MIP acts as the operator of the Moscow Metro Development Program, participates in the development program of transport intermodal hubs of the Russian capital, manages the civil construction projects, designs and assists the customer for key road facilities in Moscow, manages development projects. The company implemented landmark projects in Moscow: the Luzhniki Stadium, Zaryadye Park, Zaryadye Moscow Philharmonic, Helikon-Opera. MIP Group implements a full cycle of civil works, ranging from the concept till the commissioning of the real estate facilities. The professionalism and experience of the team of MIP allow to successfully implement projects of any complexity. .
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