The first segment of pipeline construction is currently under way in San Marcos at Rancho Santa Fe Road and Creek Street. On April 1, construction near Saint Joseph Academy on Las Flores and 9th Street will begin and work will travel east on 9th Street toward Rancho Santa Fe Road. On April 18, construction on Poinsettia Avenue and W. Linda Vista Drive will begin and travel south on Poinsettia Drive toward Specialty Drive. On April 29th, work on Las Flores Drive will travel from Saint Joseph Academy south toward W. Linda Vista Drive. Finally, on June 1, work will begin on W. Linda Vista Drive from Las Flores Street toward Poinsettia Avenue. Construction work in San Marcos is expected to be completed by August 2013. Stay tuned for more updates as construction continues on the desalination pipeline.
Project Finance magazine cites Water Authority’s role and credit were key to success
March 8, 2013 -
The Carlsbad Desalination Project was honored Thursday in New York as the “North American Water Deal of the Year” for 2012 by Project Finance, an international trade publication that annually highlights major industry accomplishments around the world.
Infrastructure Investor Magazine has given it's North American Infrastructure Deal of the Year award to Poseidon Water for the Claude "Bud" Lewis Carlsbad Desalination Plant.
"The $733.56 million issue of bonds for Poseidon Resources’ Carlsbad reverse osmosis desalination project took ten years to come to market. But it could serve as a useful template for applying PPP structures to water assets, particularly in ocean water desalination.The project, located in Carlsbad, California, had a long gestation because of the highly public nature of the project and what it will produce. Poseidon ultimately came to work with the San Diego County Water Authority, whose role as offtaker was the key to bringing the deal to close. Poseidon will own the plant, which will sell output to the water authority under a 30-year water purchase agreement (WPA), and the agency will own an associated pipeline, though the sponsor will be responsible for building it." Download the full article.
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