On 21 February 2023, the City of Fort Lauderdale, Florida announced the closing of a public-private partnership (PPP) with Ridgewood Infrastructure, IDE Technologies, and Kiewit Corporation. The agreement is for the design, build, and operation of a new 50 million gallon per day (MGD) advanced water treatment plant.
While PPPs remain uncommon in the U.S. water sector, inflation, climate change, and mounting investment needs are prompting cities such as Fort Lauderdale, Florida and Lake Oswego, Oregon to turn to private financing and progressive delivery methods to mitigate risk and rising costs.
In this Research Note:
- Fort Lauderdale, Lake Oswego signal next step in P3 opportunities
- Demonstrated U.S. water experience begets project opportunities
- PPPs still few and far in between