Water is a resource that is available in nature.‬ ‪But even so it requires, so it can be of use to man, major investments that cover many different aspects, such as the guarantee of supply (regulation works), transportation to its destinations (works pipeline, normally high, or distribution, usually low), pre-treatment (purification facilities), storage prior to use (deposits), or the discharge of wastewater (sewerage and water treatment works), or industrial processes that fit the resource for use (such as desalination and reuse).‬

‪The implementation of this infrastructure demands strong investments and the collection, as required by the Water Framework Directive, against the end user or beneficiary thereof, not only of operating, maintenance and repair costs, but also the costs of amortization and, where appropriate, the financial cost of invested capital and environmental costs and opportunity.‬

‪Despite the major investments in recent decades, Spain continues to be in need of the execution of hydraulic infrastructures.‬ ‪Compliance with EU obligations regarding water quality, still far from being considered resolved, and the permanent need to ensure the availability of water resources, especially in times of prolonged drought, show that, unlike what happens in other sectors, our country still needs to develop certain waterworks and perform replacement work of many of those presently in existence. In addition, there continues to be an intense margin for improving efficiency and effectiveness in the exploitation, maintenance and preservation of the waterworks infrastructures in operation. ‪All of this without taking into consideration the convenience of introducing in many of them important technological enhancements or adapting them to the advances contributed by continuous technical progress.

‪It is, on the other hand, obvious, in the current economic and financial circumstances, that the possibility of undertaking infrastructure under the general state budget has declined dramatically and is expected to remain so not only in the short but also in the medium term, which recommends more and more the use of public-private collaboration formulas that demand complex financial structures.

‪Similarly, local authorities, operators of integral cycle low water public services (water supply, sanitation and water treatment), seek efficient formulas for managing these services without losing control over them, through participation of the private sector in the management, which requires above all the development of complex contractual arrangements, stable and above all, fundable.‬

‪In short, water management is a complex world that requires highly qualified specialists sensitive to the needs of different, very heterogeneous, operators involved in the processes of structuring, implementation, development and management of water projects.‬ ‪Gómez-Acebo & Pombo offers a team of experts in the field, led by Carlos Vázquez Cobos, former Technical Secretary General of the Ministry of Environment and one of the highest regarded nationally in the field of Water Law and water management.‬