Carlsbad Desalination Project Wins ‘North American Water Deal of the Year’

Project Finance magazine cites Water Authority’s role and credit were key to successMarch 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.
Carlsbad Desalination Project

• Total capital cost: $1.003 billion (includes plant, pipeline, financing costs and Water Authority system modifications)
• Bond interest rate: 4.78 percent
• Developer: Poseidon Resources
• Construction contractors: Kiewit Infrastructure West and J.F. Shea Construction Inc.
• Water deliveries: Expected to begin in 2016
• Production: 48,000 to 56,000 acre-feet/year

The magazine’s March issue said the $734 million bond issue in December “could serve as a useful template” for public-private partnerships in the water industry, particularly for seawater desalination projects. 

Read the full article: sdcwa.org.