Three South Australian local government councils have announced a Registrations of Interest (ROI) process for selected water utility assets.
The assets are contained within a consortium of the City of Onkaparinga, the Adelaide Hills Council and the Rural City of Murray Bridge, with the ROI the first of a potential three-stage market testing process to determine the future of the assets.
The total assets on offer comprise 16 community wastewater management systems consisting of approximately 220 km of sewer mains servicing around 6,500 customers, five stormwater harvesting/alternative water schemes, and two community water management systems servicing about 160 customers.
Adelaide Equity Partners has been retained by the consortium to manage and execute the process at state, national and/or international levels and the assets are not part of SA’s main water storage and supply distribution network.
The process will move to a second stage in the event the ROI generates the relevant interest, before a third stage would see due diligence undertaken with preferred providers with a view to moving to final recommendations and commercial completion.
The consortium stresses that there is no guarantee of any future sale, change in ownership or management of the assets.
For more information visit the Adelaide Equity Partners website.
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