Experts can handle repairs and remove the risk of a costly failure
It’s an increasingly familiar scenario: Water and wastewater infrastructure that has served a region well is aging and needs costly repairs, but if it’s not broken, it’s hard to get public funds to fix it.
The problems don’t get better on their own, though, and if repairs are delayed too long, infrastructure may become irreparable. When might it be a good option to sell the infrastructure to a specialized company?
When Costly Repairs Are Needed Immediately
While a utility may be accustomed to routine operations, it may not be prepared to rebuild, overhaul, and upgrade infrastructure. That usually requires dealing with municipal procedures and bidding rules, which slow down service restoration.
With Seven Seas Water Group’s Water-as-a-Service® partnerships, a professional water treatment company can buy failing infrastructure, and repair and upgrade it. When infrastructure is acquired, company engineers can swiftly be mobilized to determine the best solutions. Because the water treatment company will own and operate the acquired plant, using the most reliable equipment available makes sense for the company, local authorities, and ratepayers alike.
Water infrastructure investment may be a hard sell to the public until taps run dry or boil alerts are issued. With Seven Seas, water security is placed in the hands of professionals with decades of experience and an extensive supplier network. The company is also backed by the strength of Morgan Stanley Infrastructure Partners, clearing financial roadblocks to infrastructure renewal. Selling water infrastructure to Seven Seas paves the road to water resilience with no financial potholes.
When Resources for Maintenance Are Scarce
Operating and maintaining water infrastructure over decades may prove difficult for many communities that lack funding or organizational resources. Seven Seas, however, is prepared for such responsibilities. The public won’t pay more for water, and the company provides performance-based O&M contracts with price and quality guaranteed. Seven Seas delivers water at a competitive and often lower cost when it acquires a plant. That’s a classic win-win.
When There’s a Desire to Reduce Water Risk
The most cost-efficient way to address a water crisis is before it happens. How much less expensive is it? A study by the Carbon Disclosure Project reveals that inaction in the face of water risk can cost five times more than timely preparation.
Transferring the infrastructure burden to Seven Seas may be the most compelling option. We have the experience and resources to turn around failing water and wastewater infrastructure for sustainable water resilience. Contact Seven Seas to explore plant acquisitions and other options, including flexible public-private partnerships.
Image Credit: antikainen/123rf.com