SR 253 m deals for sanitation, water projects

Updated 08 July 2013

SR 253 m deals for sanitation, water projects

Water and Electricity Minister Abdullah bin Abdulrahman Al-Hossein has signed 18 contracts for the implementation of water and sanitation projects across different parts of the Kingdom at costs exceeding more than SR 253 million, Saudi Press Agency reported.
The first contract includes a project of re-use of treated wastewater and implementation of its connections in Riyadh City at the cost of SR 84.35 million.
The second contract includes a project of Al-Ghazlani water tank and a pumping station in Madinah at a cost of SR 25.23 million.
According to the signed deals, the third contract includes completion of a sewage line in the city of Ola town, Madinah Region, at the cost of of SR 23.20 million.
The fourth contract is related to wells operation and maintenance for Riyadh at a cost of SR 18.97 million.
The fifth contract includes the development of water networks in Qatif province and its centers in the Eastern Province at a cost of SR 17.84 million..
The sixth project included provision of water supplies to those affected by waste-water overflows in Abha and Khamis, Asir Region, at the amount of SR 10.53 milion.
The seventh contract includes construction of walls around the General Directorate of Water in Qatif province, Ras Tanura and Jubail in the Eastern Province at amount of SR 10.40 million.
Other contracts include consturciton or completion of water and sewage projects in different parts of the Kingdom with diverse costs.


New emissions blow for VW as German court backs damages claims

Updated 26 May 2020

New emissions blow for VW as German court backs damages claims

  • Scandal has already cost firm more than €30 billion; ruling serves as template for about 60,000 cases

KARLSRUHE, Germany: Volkswagen must pay compensation to owners of vehicles with rigged diesel engines in Germany, a court ruled on Monday, dealing a fresh blow to the automaker almost 5 years after its emissions scandal erupted.

The ruling by Germany’s highest court for civil disputes, which will allow owners to return vehicles for a partial refund of the purchase price, serves as a template for about 60,000 lawsuits that are still pending with lower German courts.

Volkswagen admitted in September 2015 to cheating in emissions tests on diesel engines, a scandal which has already cost it more than €30 billion ($33 billion) in regulatory fines and vehicle refits, mostly in the US.

US authorities banned the affected cars after the cheat software was discovered, triggering claims for compensation.

But in Europe vehicles remained on the roads, leading Volkswagen to argue compensation claims there were without merit. European authorities instead forced the company to update its engine control software and fined it for fraud and administrative lapses.

Volkswagen said on Monday it would work urgently with motorists on an agreement that would see them hold on to the vehicles for a one-off compensation payment.

It did not give an estimate of how much the ruling by the German federal court, the Bundesgerichtshof (BGH), might cost it.

Volkswagen shares were 0.5 percent lower. The BGH’s presiding judge had signaled earlier this month he saw grounds for compensation.

Costs mount

“The verdict by the BGH draws a final line. It creates clarity on the BGH’s views on the underlying questions in the diesel proceedings for most of the 60,000 cases still pending,” Volkswagen said.

A lower court in the city of Koblenz had previously ruled the owner of a VW Sharan minivan had suffered pre-meditated damage, entitling him to reimbursement minus a discount for the mileage the motorist had already
benefited from.

The court at the time said he should be awarded €25,600 for the used-car purchase he made for €31,500 in 2014.

“We have in principle confirmed the verdict from the Koblenz upper regional court,” said BGH presiding federal judge Stephan Seiters.

Volkswagen had petitioned for the ruling to be quashed altogether by the higher court, while the plaintiff had appealed to have the deduction removed.

A Volkswagen spokesman said that outside Germany, more than 100,000 claims for damages were still pending, of which 90,000 cases were in Britain.

The carmaker also said it had paid out a total of €750 million to more than 200,000 separate claimants in Germany who had opted against individual claims and instead joined a class action lawsuit brought by a German consumer group.

The carmaker said last month it would set aside a total of 830 million for that deal.

In a separate court, Volkswagen agreed last week to pay €9 million to end proceedings against its chairman and chief executive, who were accused of withholding market-moving information before the emissions scandal came to light.