More utilities embracing public-private partnerships

摘要

Last year, the U.S. Environmental Protection Agency (EPA) released a study detailing that $330 billion is needed during the next 2 decades to fund critical water and sewer upgrades across the U.S. But despite the significant and increasing need, constrained federal and municipal budgets continue to limit funding opportunities for projects. This dilemma is pushing an increasing number of utilities toward public-private partnerships, which can provide immediate upfront capital and a longer-term financing mechanism for getting projects off the ground and built.