UUGWF - Jacobs' C2V to Help United Utilities' Water Services | Benzinga
Jacobs Solutions, Inc. (NYSE: J) and VolkerStevin's joint venture company — C2V — will act as a Construction Delivery Partner to support United Utilities' (OTC: UUGWF) major capital investment program.
C2V will provide project management, design, build and commissioning solutions services for complex capital projects. These projects will cover water and wastewater treatment, pumping stations, reservoirs, bioresources and energy.
C2V and other companies involved in this specialist framework will form an integrated delivery organization with United Utilities to deliver an estimated $3.8 billion capital program from 2025 to 2030. The program also has an option to extend for an additional five years, from 2030 to 2035.
Meanwhile, the Water Services Regulation Authority for England and Wales, Ofwat, will review United Utilities' proposals and give its draft response by July, with final plans agreed by December this year.
Jacobs' senior vice president, Kate Kenny, said, "The water sector is facing unprecedented environmental challenges. This framework positions United Utilities to deliver its largest ...