Water Online

March 2013

Water Online the Magazine gives Water & Wastewater Engineers and end-users a venue to find project solutions and source valuable product information. We aim to educate the engineering and operations community on important issues and trends.

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Financing ture costs and project risks,��� according to David Knowles, who serves as CH2M HILL���s project manager for the WCX engagement. ���Through sound management practices, aggregation of similar projects, partnering with innovators in other regions, and promoting standardization, the WCX will play a critical intermediary role as a connector and match-maker WE TAKE THE between public entities and private capital.��� Around the world, alternative models of project development and finance now provide examples for West Coast jurisdictions to explore and adapt to their circumstances. The traditional approach, where a public jurisdiction develops a detailed design and then awards a construction contract to the low bidder, does not always deliver the best value to customers. Performance contracts with private entities that design, build, operate, and sometimes finance facilities, can provide better value and less risk for the public. With growing interest among large investors in infrastructure as an asset class and growing evidence of better value for a dollar in other parts of the world, these public-private approaches deserve a close look. ���Our report found that a collaborative mechanism such as the West Coast Exchange would help address the region���s infrastructure needs and that there are promising private investment and delivery models employed more extensively internationally that could help fill the gap,��� said Knowles. CHALLENGE OUT OF CHALLENGING WATERS. At QUA, we���ve spent a decade developing breakthrough membrane products that redefne water treatment. Our Q-SEP�� hollow fber ultrafltration modules use a patented, cloud precipitation method for improved fltrate quality. While our FEDI�� fractional electrodeionization stacks utilize a patented, dual voltage separation process for greater hardness tolerance. 2013 NORTH AMERICAN INDUSTRIAL WATER AND WASTEWATER TREATMENT TECHNOLOGY NEW PRODUCT INNOVATION AWARD WINNER New Product Innovation Award QUA���s customer-focused approach, exceptional service and innovative solutions outperform conventional technologies. Contact us to receive our free software sizing program that will help you design your system. ANSI Standard 61 Advanced Membrane Technology www.quagroup.com 36 US: 87 US: 877-782-7558 877-782-7558 2 7558 Asia: +91 8806661037 806661037 6610 �� 2012 QUA Group QUA-1-5 wateronline.com ��� Water Online The Magazine Overcoming Challenges However, the challenge in connecting infrastructure projects with institutional and impact investors in the United States is three-fold. First, there is widespread investor belief that bureaucratic delays and environmental review requirements plague domestic public infrastructure projects, making governments unreliable partners. Investors are looking for predictable deal flow for viable projects ��� those that are defined, buildable, and feasible with policy level support and environmental approvals in place or pending. Second, the U.S. market lacks a transparent and objective method for vetting infrastructure projects in a manner that reveals the full range of costs and benefits of financing delivery options, a framework that considers the financial performance plus the risk transfers that occur under various financing/ delivery options. Third, the use of private capital, ranging from private equity groups to pension funds and specialized impact investment funds, faces persistent political challenges resulting from,

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