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Tyco Bags Australian Desalination Project

 Sep 23, 2009 08:17 PM UTC
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Graphic_arrow1 Via Long Investment Ideas from Seeking Alpha:  

A unit of Tyco International Ltd.’s (TYC) Tyco Flow Control was recently selected to support the construction of Australia's largest desalination project in one of the largest public-private partnerships for infrastructure in the world.

The desalination plant in Victoria will play a key role in meeting the needs of the drought-prone areas of southern and eastern Australia by turning sea water into 40 billion gallons of drinking water per year. This will reach 3.5 million people in Melbourne and adjoining areas. Under the $120 million contract, Tyco Flow Control will supply 6,200 mild steel pipes, stretching across 53 miles and connecting the desalination plant to the Melbourne water supply system.


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