Latest News for Week 13 (2016)

Vista Ridge decision prefigures key Abengoa deadline

San Antonio mayor Ivy Taylor revealed in her State of the City address on Tuesday that Abengoa is in final negotiations with Garney Construction to sell its controlling interest in the Vista Ridge water pipeline project in Texas.

The news comes just days before next Monday’s insolvency deadline, by which time Abengoa must secure approval for its restructuring plan...

ADB’s Chinese water lending spree continues

On Tuesday, the Asian Development Bank (ADB) signed off on a $250 million multi-currency loan package for Hong Kong-listed private industrial wastewater project developer CT Environmental Group (CTEG).

The deal consists of a $100 million equivalent 10-year A-loan from the ADB’s own account, denominated in dollars and yuan, as well as a $150 million commercially...

Metropolitan Barcelona backs water municipalisation

Barcelona’s metropolitan authority (AMB) has announced it won’t appeal last week’s Catalan high court verdict annulling Agbar’s flagship 35-year Aguas de Barcelona concession, and “will begin working to plan a public model of water supply.”

The court ruled that the 2012 decision by AMB to award the €3.5 billion concession to an...

Economic crisis widens disparity in Brazilian water

Disparities in water and wastewater provision in Brazilian cities are widening, a report published last week by the Trata Brasil institute shows.

The report, ranking the performance of Brazil’s 100 biggest cities, shows these accounted for half of the BRL12 billion ($3.3 billion) invested in water and wastewater provision in 2014, with the 20 best-performing...