Despite financial concerns surrounding the Vista Ridge water project, SAWS CEO says the project is not riskier.
“Risk has decreased for SAWS,” CEO Robert Puente said.
He said contract provisions protect the city of San Antonio and he is confident in the project.
“There’s a lot of explaining to do,” Councilman Ron Nirenberg told KTSA News. “The solvency of Abengoa and the viability of this project are very concerning to me.”
He promised the city’s taxpayers will come first and promised that SAWS would be held accountable for any changes.
“If there are any material changes to the contract, council has an obligation to be involved,” he said. “And if there’s any shifting of risk to the taxpayer for the failure of the project, I find that unacceptable.”
So, Councilman Nirenberg, do you think this project is now riskier for the city and ratepayers?
“I would say that if it’s not, somebody got to explain to me why it’s not,” he answered.