Green Stormwater Infrastructure Financing Opportunities in Intrenchment Creek
Explore outcomes-based financing opportunities for green stormwater infrastructure in Intrenchment Creek, tailored to enhance local flooding, water quality, and economic conditions. Discover cost-effectiveness comparisons between green and grey infrastructure, operational costs, and various models for project funding involving EIB, private impact investors, and public-private partnerships.
- Green infrastructure
- Stormwater management
- Financing opportunities
- Intrenchment Creek
- Outcomes-based
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Presentation Transcript
Outcomes-Based Financing Opportunity for Green Stormwater Infrastructure in Intrenchment Creek Follow Up Call with American Rivers, August 30, 2019
Our Green Infrastructure Deals are Tailored to Best Suit Context and Core Values of Projects BALTIMORE, MD WASHINGTON, DC ATLANTA, GA What is the cost-effectiveness of green vs. grey infrastructure for CSO reduction? How can green infrastructure improve local flooding, water quality, and economic conditions? What are the ongoing operational costs and viability associated with green infrastructure? Primary Value Proposition of EIB $25,000,000 $14,020,000 $6,200,000 (est.) Size Term Placement Structure Outcome Metric 30 years (5 year re-tender) 10 years 7 years Private Limited Public Private 3-tiered 2-tiered 3-tiered Volume capture (flow / runoff) Volume capture (capacity / storage) Plant survivability Yes No Partial Regulatory Driver? Types of GI Right of way planters Bioretention on public parks Right of way planters Bioretention on public parks Stream & floodplain restoration Right of way planters Bioretention on public parks Stream & floodplain restoration Impervious surface removal
Possible Models for Intrenchment Creek Green Stormwater Infrastructure 1. EIB issued by Carter (as payor) 2. EIB issued by DWM on behalf of multiple payors 3. P3 mechanism, with private developer financing projects and receiving a share of the value of benefits from outcomes payors to repay its investors
Possible Models for Intrenchment Creek Green Stormwater Infrastructure Carter issues corporate bond or other debt to pay for projects 1. EIB issued by Carter (as payor) 2. EIB issued by DWM on behalf of multiple payors 3. P3 mechanism, with private developer financing projects and receiving a share of the value of benefits from outcomes payors to repay its investors Private Impact Investors Carter (or property manager) Carter repays investors based on water efficiency (water bill cost savings) and other outcomes GSU and DWM could play some supporting role (financial or otherwise) Projects Funded GSU DWM
Possible Models for Intrenchment Creek Green Stormwater Infrastructure 1. EIB issued by Carter (as payor) 2. EIB issued by DWM on behalf of multiple payors 3. P3 mechanism, with private developer financing projects and receiving a share of the value of benefits from outcomes payors to repay its investors Atlanta DWM Private Impact Investors Carter (or property manager) Carter, GSU, and DWM share repayments to investors based on water efficiency, flood risk reduction, water quality, and other outcomes Projects Funded Georgia State University
Possible Models for Intrenchment Creek Green Stormwater Infrastructure A private developer / P3 manager brings its own financing for projects 1. EIB issued by Carter (as payor) 2. EIB issued by DWM on behalf of multiple payors 3. P3 mechanism, with private developer financing projects and receiving a share of the value of benefits from outcomes payors to repay its investors Atlanta DWM Private Developer / P3 Manager No debt needs to be issued Carter (or property manager) Carter, GSU, and DWM contribute regular payments to developer / P3 manager for outcomes-as-a-service for water efficiency, flood risk reduction, water quality, and other outcomes Georgia State University Projects Funded
Outstanding Questions What role does Carter play exactly? Where exactly are benefits accruing? Does GSU have appetite to support an outcomes-based financing structure, financially or otherwise, despite lacking the ability to issue debt for it?
