Carlsbad, CA — Poseidon Resources issued the following statement today regarding Tuesday’s Carlsbad City Council vote to approve an agreement with the San Diego County Water Authority on the Carlsbad Desalination Project:
“Poseidon Resources is grateful to the Carlsbad City Council for its decisive action to move the Carlsbad Desalination Project one step closer to full-scale construction. The City of Carlsbad and County Water Authority staff worked diligently for many months to come to an agreement that was beneficial to all parties. Their willingness to work together and put the needs of the region first demonstrates true leadership.
“Poseidon Resources is grateful to the Carlsbad City Council for its decisive action to move the Carlsbad Desalination Project one step closer to full-scale construction. The City of Carlsbad and County Water Authority staff worked diligently for many months to come to an agreement that was beneficial to all parties. Their willingness to work together and put the needs of the region first demonstrates true leadership.
“The Carlsbad project is the largest shovel-ready water infrastructure project in the state of California. It will create over 2,000 skilled jobs and generate over $350 million in economic activity during the 36-month construction phase. Once operations begin, the project will support 400 permanent jobs and contribute over $50 million annually to the regional economy.
“We look forward to working with the County Water Authority to finalize a water purchase agreement so that we can start construction on this new locally-controlled, drought-proof water supply for San Diego County.”
Poseidon Water specializes in developing and financing water infrastructure projects, primarily seawater desalination and water treatment plants. These projects are implemented through innovative public-private partnerships in which private enterprise assumes the developmental and financial risks. For more information on Poseidon Water please visit our website at www.poseidonwater.com.
“We look forward to working with the County Water Authority to finalize a water purchase agreement so that we can start construction on this new locally-controlled, drought-proof water supply for San Diego County.”
Poseidon Water specializes in developing and financing water infrastructure projects, primarily seawater desalination and water treatment plants. These projects are implemented through innovative public-private partnerships in which private enterprise assumes the developmental and financial risks. For more information on Poseidon Water please visit our website at www.poseidonwater.com.
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