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.
“We’re excited to help secure San Antonio’s water future,” said Scott Parrish, Garney chief operating officer for western pipe operations, echoing a phrase used by SAWS officials, city council members and business leaders who have spoken in favor of the Vista Ridge pipeline through nearly six months of turmoil.
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