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MORRISON KNUDSEN APPARENT LOW BIDDER FOR $91-MILLION CONTRACT TO BUILD WASTEWATER TREATMENT PLANT IN EGYPT

 MORRISON KNUDSEN APPARENT LOW BIDDER FOR $91-MILLION CONTRACT TO
 BUILD WASTEWATER TREATMENT PLANT IN EGYPT
 BOISE, Idaho, Aug. 28 /PRNewswire/ -- William J. Agee, chairman and chief executive officer of Morrison Knudsen Corp. (MK)(NYSE: MRN), announced today that MK is the apparent low bidder for a $91.1-million contract to provide final design and construction of a wastewater treatment plant in Egypt.
 Announcement of the low bid was made by the National Organization for Potable Water and Sanitary Drainage, an agency of the Egyptian Government. The project will be financed by the Egyptian government and the U.S. Agency for International Development (USAID).
 "We are committed to playing a significant role as Egypt continues to improve and expand that nation's infrastructure," said Agee, who added that MK presently is at work on three water-system projects in Cairo.
 Award of the contract is expected to take place following bid review, a process which will take approximately 90 days.
 The wastewater plant, which will have an initial capacity of 90,000 cubic meters per day, will be constructed near Ismailia, about 60 miles northeast of Cairo. The project is scheduled to take three years to complete.
 The project is another step in MK's reemergence into the international market that began shortly after Agee assumed the helm of the company in 1988. MK presently has major projects underway in 19 countries around the world.
 Morrison Knudsen Corp. is an international company serving the environmental, industrial process, power and transportation markets with complete development, design/engineering, construction and financial services.
 -0- 8/28/92
 /CONTACT: Brent Brandon of Morrison Knudsen, 208-386-5000/
 (MRN) CO: Morrison Knudsen Corp. ST: Idaho IN: CST SU:


JH -- SE005 -- 4597 08/28/92 16:56 EDT
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Publication:PR Newswire
Date:Aug 28, 1992
Words:286
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