The four-year contract with the Panama Ministry of Health (MINSA) covers the maintenance and operation of the city’s wastewater collection systems, pumping stations and other networks.
Degrémont will operate and maintain the 162km system of pipes that are planned to be extended to 248km in 2016.
The deal also includes the repair of several infrastructures and equipment supply.
Degrémont started operations in Panama in 2009, where it designed, built and is now operating the city’s wastewater plant, located downstream of the sanitation system covered by the new contract.
Suez Environnement deputy chief executive officer in charge of the international division Marie-Ange Debon said: "With this new contract, the Ministry of Health has recognised Degrémont’s expertise in operating sanitation systems, developed through 25 years of experience and 247 facilities in operation throughout the world.
"We are proud to be able to continue to support the country in its development initiatives and its environmental conservation efforts."
Degrémont operates in over 70 countries and employs more than 5,000 people. The company generated revenues of €1.1bn in 2013.
Image: Degrémont will maintain and operate the residual wastewater collection system in Panama City. Photo: Courtesy of sakhorn38/FreeDigitalPhotos.net.