US private firms shrink from weak deals
- From: Vol 4, Issue 8 (August 2003)
- Category: General
- Region: Americas
- Country: Puerto Rico and United States
- Related Companies: American Water Services, CH2M Hill, Earth Tech, OMI, Ondeo/Suez, Thames Water, Tyco, United Water, US Filter and Veolia
Contract operators who had once competed fiercely for big city water and wastewater projects in North America may be throwing in the towel, writes Larry Chertoff.
The huge campaign costs to win and the financial risks to operate showcase North American projects no longer appear to be acceptable to international private water companies.
In the past few months, Suez has forced the retrenchment of its water subsidiaries – Ondeo and United Water; Tyco International, parent company of Earth Tech, halted contract negotiations with Phoenix; OMI, part of ...
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