Latest news with #waterservices
Yahoo
09-07-2025
- Business
- Yahoo
Pure Cycle: Fiscal Q3 Earnings Snapshot
WATKINS, Colo. (AP) — WATKINS, Colo. (AP) — Pure Cycle Corp. (PCYO) on Wednesday reported profit of $2.3 million in its fiscal third quarter. The Watkins, Colorado-based company said it had net income of 9 cents per share. The water and wastewater services company posted revenue of $5.1 million in the period. _____ This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on PCYO at Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Times of Oman
09-07-2025
- Business
- Times of Oman
Water network projects, rehabilitation of existing ones being implemented in Al Buraimi
Al Buraimi: Nama Water Services continues to implement a number of vital projects in Al Buraimi Governorate as part of its efforts to ensure water service sustainability and water security. These initiatives include the development of new water networks and the rehabilitation of existing ones. Water network coverage in the governorate, previously implemented, has reached 60%. Currently, the company is executing six water network projects in new residential plans and areas across the governorate this year. These include Al Ghuraifa (Phase 2), part of the Northern Al Uqda plan, as well as several projects in Hafeet and Al Sunainah. The total length of new networks implemented in these projects is approximately 20 kilometres, at a cost of OMR247,000 with an estimated 250 connections benefiting up to 12,000 subscribers. The completion rate has reached around 40%, with Al Ghuraifa expected to achieve 100% water network coverage by the end of this year. As part of its efforts to rehabilitate existing networks, Nama Water has carried out projects in several areas of Al Buraimi Governorate, including Khadra Al Nadi, Sa'ara, and part of Hamasa village. The total length of networks under rehabilitation is about 50,000 metres of varying diameters, with the rehabilitation work currently 25% complete. These projects aim to reduce operational water losses resulting from technical and operational challenges associated with aging networks. Additionally, they seek to enhance service quality by supplying water through new infrastructure that complies with local and international standards for drinking water materials, which are continuously updated and monitored.
Irish Times
04-07-2025
- Business
- Irish Times
Ringfence €500m annually for water services, builders tell Government
Government must earmark €500 million a year to develop water services to aid house building, the Construction Industry Federation (CIF) argues in a pre-budget submission. State company Uisce Éireann warned recently that it faces serious challenges to provide water treatment and waste services needed for the 300,000 new homes the Government aims to have built by 2030. The Government should 'ringfence investment of €500 million a year in water and wastewater infrastructure' to aid house building, the CIF says in a document setting out its recommendations for next year's State spending plans. Specifically, its pre-budget submission says spending needs to prioritise plans such as the Greater Dublin Drainage and Water Supply projects. READ MORE The drainage project will serve 500,000 people. It includes a new wastewater treatment plant at Clonshaugh, sewers to cater for large parts of the city's northside and a discharge point for the treated water. Reports estimate the cost at €1.3 billion. The supply project will tap the Shannon at Parteen, Co Tipperary and pipe water supplies to the midlands and eastern regions, ultimately serving about half the Republic's population. The plan, with an estimated €10 billion cost, faces opposition, particularly in Co Tipperary. The CIF's submission warns that there are not enough water services to provide for the 60,000 homes the Government hopes the industry will build each year up to 2030. The body calculates that it would cost €15 billion to provide the water supply and treatment systems the Republic needs. 'Uisce Éireann has not been allocated the necessary capital funding to construct new infrastructure in 2024 and 2025,' the CIF argues. The organisation dubs the Republic's infrastructure gap 'its greatest competitiveness challenge', which demands urgent 'plan-led investment'. The CIF also argues that the State should increase investment in the national grid and electricity infrastructure. An inability to supply the pharmaceutical, biotech and data industries with the energy they need is an 'impediment to the further growth of these sectors', the CIF says. Hubert Fitzpatrick, federation director general, says that two-thirds of the 50 biggest companies in the organisation are exporting their expertise to international markets, despite the infrastructure gaps at home. 'Construction companies want to deliver critical infrastructure at home, but the projects simply aren't materialising,' he says. 'Many can no longer rely on Ireland as a stable base for long-term business.' Irish builders have the 'talent and resources' to meet demand, according to Mr Fitzpatrick. 'The main barriers lie outside the industry with persistent planning delays, a lack of zoned land, and low delivery of enabling infrastructure like water and electricity,' he says. 'These consistent roadblocks mean that for many companies, a reliable pipeline of work is not available in Ireland, and for housebuilders, continued delays are slowing the pace of home delivery and deepening the housing crisis.' Government must co-ordinate infrastructure investment over several years, while reforming public procurement and construction contracts, to give building businesses the confidence to expand here, he adds. Paschal Donohoe , Minister for Finance, will announce details of the 2026 budget in October. .
RNZ News
30-06-2025
- Business
- RNZ News
Wellington Water to be replaced by new stand-alone entity next year
Lower Hutt mayor Campbell Barry. Photo: RNZ / Reece Baker Wellington's troubled water services provider will be replaced with a new stand-alone entity by this time next year, which councils say will be less costly for ratepayers. Upper Hutt City Council today agreed to back the "reset", which already had the support of Porirua, Lower Hutt and Wellington City Councils and Greater Wellington Regional Council. Lower Hutt mayor Campbell Barry, who chairs the Wellington Water Committee, welcomed today's "milestone", saying the decision marked "a reset for water services in the region". Unlike Wellington Water, the new entity would own the water infrastructure that was currently owned by councils, which meant it would be able to generate its own income, manage its own debt, and "not be constrained by council funding". "The new entity unlocks the financial tools needed to make smart investments in water infrastructure, without placing an unsustainable burden on ratepayers. "It will enable better decision-making across the entire network and ensure more consistent service delivery." Turning around "historical underinvestment" in water infrastructure would take time and water bills would still increase under the new entity to meet the needs of the region's ageing network, he admitted. However, high-level modelling showed that any rise in water charges would be about 30 percent less than what households would face under the current model. "Our main goal is to introduce a new way of delivering water services that allows for more investment in the network with an entity that is more efficient; while keeping costs more affordable and sustainable over the long-term," Barry said. The entity will be governed by a board of independent professional directors who will be appointed by a steering committee of council and iwi representatives. The decision comes as part of the government's Local Water Done Well reform, which requires councils to decide on a long term water services model and submit delivery plans by September 2025. The new entity will take over the ownership and management of drinking water, wastewater and stormwater infrastructure by 1 July 2026. Sign up for Ngā Pitopito Kōrero , a daily newsletter curated by our editors and delivered straight to your inbox every weekday.
RNZ News
15-06-2025
- Business
- RNZ News
Decision time for councils on water
Councils are running out of time to decide the future model of their water services, which need tens of billions of dollars of investment over the coming decades. Rates are to set to rise steeply in some places to meet the cost. But the new model is also to enable more long-term borrowing by new entities that are to be established. By September 3, councils must opt for and outline a financially sustainable model of how their drinking, waste and stormwater services will be delivered. Of the 66 councils, 45 have chosen to combine, with 18 councils keeping their water serices in house and three are going alone with council-controlled organisations. Nick Davis is a public policy expert and partner at Martin Jenkins and he speaks to Kathryn about the movements of councils all around the country. Kathryn also speaks to Hamilton mayor Paula Southgate and Timaru mayor Nigel Bowen about the decisions their councils are making.
