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Cadiz Inc. received an effective Right-of-Way Grant from the Bureau of Land Management to convert its 220-mile…
CDZIPCadiz Inc
Cadiz Inc. received an effective Right-of-Way Grant from the Bureau of Land Management to convert its 220-mile Northern Pipeline to water conveyance. The company paid approximately $2.5 million in rent, fees, and a performance and reclamation bond to satisfy requirements. The Northern Pipeline has a capacity to deliver up to 25,000 acre-feet of water per year, with 85% of capacity (21,275 acre-feet) already contracted with water providers in Inland Southern California. Cadiz Inc. operates in the water resource management and infrastructure industry.