The consortium has been selected through an open and transparent global bidding process.
The proposed water supply project will almost double the water availability at Haldia at a competitive cost.
The concession includes setting up of a 25 million gallons per day (mgd) water treatment plant on a build-operate-and -transfer basis along with operation and maintenance of the existing water supply system for 25 years at an expected investment of around Rs 100 crore.
Under the agreement HDA will have a predetermined annual guaranteed income along with revenue sharing. The guaranteed income over the concession period is estimated to be around Rs 1,220 crore.
The agreement also specifies strict quality and service standards, lays down detailed customer service rules and emphasises on improving customer service and response. It also focuses on reduction of water losses through induction of latest technology and improvement in operational efficiency.