Private finance steals the day in California
- From: Vol 9, Issue 7 (July 2008)
- Category: General
- Region: Americas
- Country: United States
- Related Companies: Alinda, Pacific Environmental Resources Corporation and Veolia Water North America
The decision by the city of Santa Paula in California to leave the funding of a new MBR plant to the private sector shows a bold new direction in the financing of US water infrastructure.
The financing of public projects in the US is changing. The recent decision by the Californian city of Santa Paula to ask a private equity fund to raise the capital to fund a new 12,870m3/d water recycling facility, rather than secure tax-exempt financing itself, typifies this change. What happened in Santa Paula is one of the many incarnations ...
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