Public private partnerships in water and wastewater : case studies on Brownfield leases
Abstract/Contents
- Abstract
- Local government finances across the United States are being strained by decisions made over the past several decades. Underfunded pension liabilities and growing debt burdens are forcing governments to make hard choices to resolve them. In addition to broad fiscal pressures, governments are facing acute stress from deteriorating infrastructure. State and local governments are faced with difficult choices about how to resolve these pressures. Public private partnerships (P3s) are seen as a tool for tackling looming liabilities as well as deferred maintenance. When used on existing or brownfield infrastructure, P3s allow governments to lease the asset in exchange for payments which can be used to resolve their fiscal challenges. Between 2012 and 2014, Bayonne, New Jersey; Allentown, Pennsylvania and Middletown, Pennsylvania entered into P3s for their existing water and sewer systems. The three cities faced mounting pension and debt burdens that were resolved in large part by the use of a P3. This thesis develops case studies for each transaction. The case studies for this thesis expand the previous research on P3s for brownfield infrastructure by focusing on smaller transactions in the water sector. In addition, previous case studies have failed to look at how the procurement process impacts the contract structure and risk sharing arrangement. Finally, the case studies for this thesis illustrate how learning and standardization occurs across multiple transactions. This thesis finds that while each city was able to reduce its pressing fiscal challenges, the three transactions have had both positive and negative impacts that stem from the procurement process and goals of each city. In addition, the three transactions provided a benefit beyond the three cities by facilitating learning by various stakeholders that could be applied to future transactions.
Description
| Type of resource | text |
|---|---|
| Form | electronic; electronic resource; remote |
| Extent | 1 online resource. |
| Publication date | 2016 |
| Issuance | monographic |
| Language | English |
Creators/Contributors
| Associated with | Wingate, David F |
|---|---|
| Associated with | Stanford University, Department of Civil and Environmental Engineering. |
| Advisor | Levitt, Raymond E |
| Thesis advisor | Levitt, Raymond E |
Subjects
| Genre | Theses |
|---|
Bibliographic information
| Statement of responsibility | David F. Wingate. |
|---|---|
| Note | Submitted to the Department of Civil and Environmental Engineering. |
| Thesis | Thesis (Engineering)--Stanford University, 2016. |
| Location | electronic resource |
Access conditions
- Copyright
- © 2016 by David Frazer Wingate
- License
- This work is licensed under a Creative Commons Attribution Non Commercial 3.0 Unported license (CC BY-NC).
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