Water Finance

Logistec Corp., a diversified cargo handler in eastern Canadian and U.S. ports, as well as an environmental service provider whose services include PCB management, site remediation and trenchless structural rehabilitation of watermains, announced Oct. 30 that it has acquired, via its subsidiary Sanexen Environmental Services Inc., the Niedner business for cash consideration of US$13.4 million.

The Water Environment Research Foundation (WERF) will receive $10 million in U.S Environmental Protection Agency (EPA) funds to evaluate new technologies that will help utilities cope with aging and failing water and wastewater systems.

Perhaps a kind of infrastructure tipping point has finally been reached ? one sparked by a number of highly visible incidents including a bridge collapse, a steam pipeline explosion, a major water pipe break less than 15 miles from the White House, and another dismal report card from the American Society of Civil Engineers (ASCE).

The UIM Conference Series is heading to Blacksburg, Va., March 10 for its Water/Wastewater Management Conference.