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Article: Azurix and City of Wildwood, New Jersey Sign 20-Year, $71 Million Operation And Maintenance Contract for City Water System.
- Article from:
- PR Newswire
- Article date:
- May 4, 2000
CopyrightCOPYRIGHT 2000 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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HOUSTON, May 4 /PRNewswire/ --
Azurix Corp. (NYSE: AZX) and the City of Wildwood, New Jersey announced today that Azurix North America and the City have signed a 20-year, $71 million operation and maintenance contract for water services, effective immediately.
Under the terms of the contract, Azurix North America will operate the City's water system, which has 12,000 connections. In the peak summer tourist season, when Wildwood's local beaches, boardwalks and amusement piers are in high demand, the City's water service coverage increases from 18,000 customers to approximately 120,000 customers and water usage increases from approximately 2 million ...