Jordan Times reported that Water from the Disi Water Conveyance Project is expected to be running through the capital's water network by the end of 2012.
Mr Arif Ozozan MD of GAMA said that "The project went into effect as of June 30th. We will do our best to finish before the deadline and deliver water to Amman in three and a half years by the end of 2012 the water will be in Amman, hopefully."
Mr Ozozan said that the company will finalize the purchase of steel and pipes after the detailed engineering studies are completed. He said that "We want to take advantage of the current financial market conditions so during the coming 12 months the purchases of steel and pipes will be completed."
He added that the cost of steel constitutes 30% of the project's total cost or approximately USD 333 million, excepting transport costs.
Mr Ozozan said that "The company is currently working on the engineering studies, the mobilization of our teams at the site will be during August."
He said that the company has been successfully operating for 50 years with around 30,000 employees in different countries. He added that "We are not a company established yesterday. All employees are paid on time and this transaction and its closing show our financial strength as well, so we have a vote of confidence from the financial community."
(Sourced from http://www.steelguru.com/news/index/2009/07/15/MTAyMjI4/GAMA_to_decide_on_steel_pipes_purchase_for_Disi_Water_project.html)
Tuesday, July 14, 2009
GAMA to decide on steel pipes purchase for Disi Water project
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