Veolia has secured a landmark contract to modernize the water and sanitation infrastructure of Cúcuta, one of Colombia’s largest cities, reinforcing its strategic position in Latin America. The agreement entails an average annual revenue of around €100 million over a 20-year term, representing an estimated €2 billion backlog. This expansion allows Veolia to extend its operational footprint beyond waste management, addressing critical water scarcity and urbanization challenges for 866,000 inhabitants.

The municipality of Cúcuta has entrusted Veolia with the responsibility to enhance service resilience and environmental security, with operations set to commence in July 2026. Building on more than 20 years of successful waste management operations in the city, this new mandate marks a significant diversification of Veolia’s local portfolio. The contract responds to growing pressures from climate change and rapid urban growth, which have strained existing water networks and increased the frequency of water scarcity events.

Project Scope and Technical Objectives

The initiative focuses on securing water supply, expanding storage capacity, and modernizing treatment facilities while renewing distribution networks. A primary technical objective is to reduce non-revenue water losses from the current 42% to below 30%, aligning Cúcuta’s performance with the most efficient utilities in Latin America.

To achieve these targets, Veolia will deploy advanced technologies including He Tracer for systematic leak detection, hydraulic sectorization, dynamic pressure control, and comprehensive network renewal. The plan also includes cadastral updating and meter replacement to improve resource efficiency and ease pressure on natural ecosystems.

Strategic Implications for Latin America

Estelle Brachlianoff, Chief Executive Officer of Veolia, stated that the contract reflects confidence in the company’s ability to deliver innovative and resilient environmental solutions. She emphasized that Colombia remains a strategic market for the group, highlighting the partnership’s role in ensuring reliable access to essential services amidst climate adaptation needs.

Veolia has operated in Colombia for 30 years, employing more than 7,800 people. The group currently provides water services to 2.7 million people across 17 operations and waste management services to more than 5.3 million people across 36 operations. Additionally, Veolia operates eight Smart Ecological Management Centers (CIGE) and delivers energy efficiency projects in major cities such as Cartagena and Barranquilla.

What the Numbers Show

The €2 billion backlog from a single municipal contract underscores Veolia’s ability to secure large-scale, long-term infrastructure deals in emerging markets. By targeting a reduction in water losses from 42% to below 30%, the project addresses a significant operational inefficiency that typically erodes utility margins. Success in Cúcuta could serve as a scalable model for other Latin American municipalities facing similar infrastructure deficits, potentially unlocking further revenue streams beyond the initial €100 million annual average.

Veolia Environnement reported the resources available on its liquidity account as of June 30, 2026, under the liquidity contract entered into with Kepler Cheuvreux. The account held 82,789 shares and €17,735,334 at the end of the half-year period. The agreement complies with AMF Decision N°2021-01 of June 22, 2021, regarding the implementation of liquidity contracts for shares.

During the semester, the liquidity provider executed 6,414 transactions on the buy side and 6,573 on the sell side. The total traded volume on the buy side reached 7,181,115 shares for €240,371,984.87, while the sell side volume totaled 7,405,858 shares for €248,590,679.20.

Liquidity Account Resources

The following table details the resources on the liquidity account at the end of the reporting period compared to the previous half-year statement and the start of activity.

Trading Activity Summary

The table below summarizes the trading activity executed by Kepler Cheuvreux on behalf of Veolia Environnement during the first half of 2026.

Veolia Environnement is a public limited company with a Board of Directors and a share capital of €3,712,483,250. Its registered office is located at 21, rue La Boétie, 75008 Paris, France.