Municipal Bond Publication Names Karegnondi Water Pipeline “Deal of the Year”

The Karegnondi Water Authority (KWA) pipeline project in Flint, Michigan, was recently named the Midwest “deal of the year,” by a publication covering the municipal bond industry. The award is designed to recognize “innovation in finance,” according to The Bond Buyer. The KWA pipeline will supply 60 million gallons of water a day to Flint and Genesee County, and is scheduled for completion in 2015.

AMERICAN Cast Iron Pipe Company is supplying spiral-welded pipe, ductile iron pipe and large diameter Flex-Ring gate valves for the project. In November 2013, AMERICAN announced plans to build a new spiral-weld pipe facility in Flint to support the KWA and other regional water infrastructure projects. The facility became operational in December 2014 and employs about 50 people.