United Water to Manage Nassau Wastewater for $1.2 Billion
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The United Water unit of Suez Environnement Co., Europe’s second-biggest water utility, signed a 20-year contract to operate and maintain Nassau County’s sewers for $1.2 billion.
The agreement, expected to save the New York county at least $230 million, was announced in part in June and is the largest of its kind in the U.S., Harrington Park, New Jersey-based United Water said today. The company previously agreed to manage the water system in Bayonne, New Jersey, for $307 million as local governments turn more to public-private partnerships to help fund costly infrastructure needs.