Global law firm Norton Rose Fulbright has advised a consortium composed of two Italian construction companies, Cospin S.r.l. (Cospin) and Nurovi S.r.l. (Nurovi), which was nominated EPC contractor for work to rehabilitate the water and sanitation systems of Kirandich basin in Kenya, Lot 1 (the Project).
Cospin and Nurovi were awarded the contract under a tender process launched by the Rift Valley Water Services Board (the Contracting Authority) on behalf of the Ministry of Environment, Water and Natural Resources of Kenya. The tender process followed the procedures described in the Practical Guide to contract procedures financed for EC external actions, adopted by the European Commission and Legislative Decree 163/2006 of Italian Republic.
The Project will be financed through a soft loan to be made available to the Contracting Authority by Cassa Depositi e Prestiti S.p.A. and is expected to be completed within 25 months from the commencement date.
The Norton Rose Fulbright team was led by Luigi Costa, banking and construction senior associate based in Milan, who commented:
“This transaction confirms the capability and competitiveness of Italian construction companies in the infrastructure market all over the world. Cospin and Nurovi are emerging construction companies and they are expanding abroad. We are delighted to contribute to their expansion in such market.”
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