Posts tagged Water.
Posted in P3s, Water

Despite perceived uncertainty as to the future of two, prominent transportation P3 projects, it appears that jurisdictions within Maryland are looking to P3 structures to solve a wider array of infrastructure issues in the state.

Prince George’s County, one of Washington, D.C.’s Maryland suburbs, recently entered into a first-of-its-kind stormwater P3 with a subsidiary to Corvias, a private company with P3 experience in housing social infrastructure.  The partnership entity, called the Clean Water Partnership will tackle regulatory requirements for stormwater ...

Posted in Ports

On November 12, during a keynote address at the annual convention of the American Association of Port Authorities in Houston, Vice President Biden issued a call to action for greater investment in U.S. port facilities.

We are investing less than one percent of our GDP in transportation infrastructure . . . ranking 28th in the world among advanced nations.  That is simply unacceptable.

The Vice President stated that after years of underinvestment, more than $90 billion in port improvements are needed by 2020.  In part, these improvements are needed to prepare for a significant increase ...

Posted in P3s

On November 29, 2012, financial closing was achieved on a 30 year concession relating to the water and wastewater facilities of the City of Rialto, California.  The agreement, which had been executed in March 2012, is among Rialto Water Services, LLC, the single purpose vehicle set up by Table Rock Capital as the project sponsor, the City of Rialto and the Rialto Utility Authority.  

The approximately $175 million transaction is being bond financed through a private placement and an approximately $26 million equity contribution.  The concession agreement provides for approximately ...

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