Missouri-based Garney Construction is now the owner of the Vista Ridge water pipeline project after attorneys representing the construction firm, former owner Abengoa Vista Ridge, and other partners came to an agreement on Tuesday afternoon.
Garney was already a construction partner but will now be in charge of operations, maintenance, and financing of the project.
The announcement comes just days before the March 28 deadline for the subsidiary of Abengoa Sociedad Anónima, the Spanish renewable energy and engineering conglomerate that filed for protection from its creditors in November 2015. Abengoa had been searching for months for another firm or corporation to take over 80% of the 142-mile water pipeline project that would bring 16 billion gallons of water from Burleson County’s Carrizo Aquifer to San Antonio every year for 30-60 years… Read more from the Rivard Report