Capital City’s $90M infrastructure deal finally approved
Published: April 2,2013
JACKSON — After months of negotiations, the city of Jackson’s $90-million infrastructure deal with Siemens has cleared its final hurdle.
The Clarion-Ledger reports the Mississippi Development Authority has approved the project, which will use promises of future savings to upgrade the city’s two water plants, install new meters and repair or replace around two miles of sewer lines.
The project was created under a process known as energy performance contracting.
The general contractor, Siemens, guarantees that by making certain improvements, a government agency will save enough money on things like electricity and manpower over the course of 15 years to pay off the cost of the work, plus interest.
To sign up for Mississippi Business Daily Updates, click here.
Top Posts & Pages
- The Dan Jones-IHL saga: Is this the story that started it all?
- DAVID DALLAS — From Dan and Dixie with love
- Email from Nash to Delta Council’s Morgan included in DHA court file
- Dan Jones rejects IHL offer, won't publicly apologize
- Delta Health Alliance CEO Karen Fox under investigation for possible misuse of funds
- BREAKING NEWS: Trustees offer new deal to Ole Miss chancellor Dan Jones
- Suit against Kemper employee Brett Wingo is dismissed
- Ole Miss chancellor: Talks continue over job status
- WRESTLING SUCCESS — Ted DiBiase Jr. leaves ring to become entrepreneur