After years of bureaucratic delays, governments around the world have started to allocate the money on improving their water infrastructure, explains Luke Burgess in Energy & Capital.

Globally, we’re talking about hundreds of billions of dollars that will need to be spent. The time to enter water infrastructure has never been better.

WSP Global (WSP) provides technical and strategic consulting to a number of sectors including infrastructure, environment, industrial, and natural resources.

A consulting company as a water play? That’s right. And that’s because consulting is going to be one of the first industries to benefit, as governments turn to consulting firms before allocating those funds.

And not just any consulting company. WSP is one of the world’s leading water resource engineering firms, providing services to customers throughout the entire water cycle.

The Canadian government announced it would spend over $5 billion on the country’s water infrastructure. Headquarter in Montreal, WSP is in a perfect position to take a piece of that spending.

In addition, the Canada Pension Plan—similar to Social Security in the US—just purchased $14 million worth of WSP on the open market.

The company’s financials are quite strong overall, with an adjusted EBITDA of $442 million in 2015, up 74% over the previous year. The stock is even paying a 4% dividend right now.

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By Luke Burgess of Energy & Capital

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