United Water, KKR Seal A 40-Year P3 In Bayonne, N.J.

The Bayonne, NJ, Municipal Utilities Authority (BMUA), loaded with debt and facing double-digit rate increases to keep its system running, found a soft landing this month in a 40-year concession with Kohlberg Kravis Roberts & Co (KKR) and United Water that solves the city’s failing credit problem and holds rates near where they would be in a public solution.


About Bill Reinhardt

Editor of Public Works Financing newsletter
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