Cadiz executes guaranteed maximum price construction contracts for Northern Pipeline project, pegs capex at $403.3 million
CDZI•Construction contracts set pipeline capex at $403.3 million
Cadiz affiliate Fenner Gap Mutual Water executed CMAR construction contracts with guaranteed maximum prices for the Northern Pipeline conversion project.
The contracts set estimated capital expenditures to place the pipeline into service at about $403.3 million.
The pricing framework is intended to support project financing for the Mojave Groundwater Bank, including a bid for up to $194 million in WIFIA funding.
