ARCADIS Wins Development Contract Worth Millions
30 January 2008 - 6:00PM
PR Newswire (US)
ARNHEM, The Netherlands, January 30 /PRNewswire-FirstCall/ --
ARCADIS (EURONEXT: ARCAD), the international consulting, design and
engineering company, today announced that it has been assigned a
contract for the design and construction of the next phase for the
housing development Oostindie in Leek in the Dutch province of
Groningen. The housing development will be almost 150 acres in size
with two neighborhood parks and a center park. The project has a
value of EUR 13.5 million and will be completed by 2012. The
contracts were signed on January 25, 2008. The green areas that
will be developed will consist of a large park adjacent to the
neighborhood, a green zone around the entire development and a
green area in the center that will also include a pond. After the
completion of phase 2 of this development, ARCADIS will manage the
quality of the public space for a period of five years. "This
contract is an excellent example of the integrated way in which
ARCADIS looks at neighborhood development", says Douwe Kras,
director for the Dutch ARCADIS activities. "The value of houses and
enjoyment of people are strongly influenced by the quality of the
environment. Neighborhoods in which buildings, green amenities and
recreational facilities are well arranged, simply provide more
comfort. If in addition, this gives residents a safer feeling, that
really provides added value. Not only is this beneficial for the
people living there, it is also good for the owners of the
properties, such as housing corporations." ARCADIS is an
international company providing consultancy, design and engineering
and management services in infrastructure, environment and
facilities, to enhance mobility, sustainability and quality of
life. ARCADIS develops, designs, implements, maintains and operates
projects for companies and governments. With more than 12,000
employees and US$2 billion in gross revenue, the company has an
extensive international network that is supported by strong local
market positions. Except for historical information contained
herein, the statements in this release are forward-looking
statements that are made pursuant to the safe harbor provisions of
the Private Securities Litigation Reform Act of 1995.
Forward-looking statements involve known and unknown risks and
uncertainties that may cause the company's actual results in future
periods to differ materially from forecasted results. Those risks
include, among others, risks associated with possible changes in
environmental legislation and risks with regard to the Company's
ability to acquire and execute projects. These and other risks are
described in ARCADIS' filings with the Securities and Exchange
Commission over the last 12 months, copies of which will be
available from the SEC or may be obtained upon request from the
Company. Visit us on the Internet: http://www.arcadis-global.com/
DATASOURCE: ARCADIS NV CONTACT: For more information contact: Joost
Slooten of ARCADIS at +31-26-3778604 or e-mail at . Visit us on the
Internet: http://www.arcadis-global.com/
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