Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Bloomberg Customers

KKR, United Water to Operate New Jersey Town's Water

KKR & Co. and United Water, a subsidiary of France’s Suez Environnement Co., have formed a partnership to a operate water and wastewater system in Bayonne, New Jersey.

The joint venture will become the operator under a 40-year agreement with the Bayonne Municipal Utilities Authority, according to a statement today. The partnership has paid $150 million to the authority and has agreed to spend another $157 million on the system over the life of the contract. New York-based KKR will fund 90 percent of the venture.

The agreement follows another innovative private-public deal between Veolia Environnement SA, the world’s biggest water company, and the city of New York, Maxime Serrano Bardisa, a London-based analyst for Bloomberg New Energy Finance, said today in an interview.

“It’s too early to say whether it’s a trend, but the market is definitely trying to find new ways of financing infrastructure and supplying water more efficiently,” he said. “The New York example is one, and in Bayonne is another.”

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.