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How Profits, Rather than Politics, Became the Consensus on Thames Water

The British people have a right to be angry at the state of their water industry. And they certainly are. The industry featured heavily among voters in the UK’s recent election campaign, which resulted in a sweeping victory for the Labour Party. Things have only gotten worse for the industry, and Thames Water in particular, […]

Who’s Muddying Thames Water?

We Yanks are loathe to weigh in on the affairs of the British, and this is especially true with regards to infrastructure policy. His Majesty’s infrastructure agencies have long been considered the gold standard, and London a respected global center for infrastructure finance. The debacle presently unfolding at Thames Water, and the privatized UK water […]

Commercial Close for Prospect Lake Clean Water Center in Florida

A DBFOM P3 to develop the 50 MGD Prospect Lake Clean Water Center in Fort Lauderdale, Florida reached commercial close in February. The concessionaire for the project is a joint venture between IDE Technologies and Ridgewood Infrastructure, with Kiewit as the design-builder for the project. The project includes fixed costs of $485 million and will […]

Trials and Privatizations in Chester Pennsylvania

Chester, Pennsylvania fell on hard times decades ago, and today the city is very, very bankrupt. An editorial in the Philadelphia Enquirer in December noted that the city currently faces a $46.5 million deficit on a budget of just $55 million. The city of nearly 34,000 has been in a long-running financial crisis that is only […]

Are P3s Possible for Dredging? USACE Awards First Pilot

Dredging projects are, in theory, well suited for delivery and long-term maintenance via a P3. They require significant upfront capital investment for the channel deepening and any locks or supporting infrastructure, and entail relatively clear availability-based performance mechanisms. P3s in the sector may also be used to transfer unique risks, including some sedimentation risks and […]