After SAWS vote, construction firm takes reins on pipeline project
The construction firm originally tapped to build a 142-mile pipeline to deliver water to the San Antonio Water System will now take control of the project.
On Wednesday, SAWS’ board of trustees voted unanimously to allow a subsidiary of Spanish conglomerate Abengoa, S.A., to sell 80 percent of its stake in the project to Garney Construction, a Kansas City firm with offices in 11 states that has worked as a contractor on SAWS projects for 30 years. Garney will also build the pipeline.
The shakeup began in November. Abengoa, struggling under more than $10.2 billion in debt, declared it was seeking pre-insolvency protections in Spain that might help it avoid full-on bankruptcy… More from SA Express-News