Jackson infrastructure work will better sewer lines
After months of negotiations, the city of Jackson's $90 million infrastructure deal with Siemens has cleared its final hurdle. (Source: MGN / Eco Watch)
JACKSON, MS (AP) - After months of negotiations, the city of Jackson's $90 million infrastructure deal with Siemens has cleared its final hurdle.
The Associated Press states that the Mississippi Development Authority on Monday 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.
Copyright 2013 The Associated Press. All rights reserved.
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