Cadiz Executes Guaranteed Maximum Price Construction Contracts for Northern Pipeline Project
Cadiz's affiliate Fenner Gap Mutual Water Company executed guaranteed maximum price construction contracts for the Northern Pipeline, establishing an estimated capital budget of $403.3 million. The CMAR delivery structure reduces cost uncertainty and defines the construction budget, supporting financing efforts for the Mojave Groundwater Bank and related infrastructure.
Key figures
- Estimated capex
- 403300000
- Wifia application amount
- 194000000
AI analysis
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