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 1. American Society of Civil Engineers, State Report Card 2009 among other things, the lack of a broad understanding of the benefits and drawbacks of privately financed projects. More information about the WCX, including examples of Fortunately, the WCX has identified a strategic action plan innovative projects, the CH2M HILL study, and the formal to overcome these challenges. By developing a database of WCX agreement is available at www.westcoastx.org. projects and an evaluation framework that levels the playing field for financing/delivery options, the WCX will guide the debate beyond simplistic discussions over challenges about ���privatizing��� towards new ���performance-based��� but public infrastructure. At the same time, the experience of other countries has shown that an organization like the WCX could offer the West Coast states a real opportunity to address the infrastructure service delivery challenge. The WCX is changing the dialogue now to help inform, transform, and facilitate the finance of infrastructure projects. The WCX will help address the challenge of a shortfall in public project finance by clearing the path for impact investors in search of infrastructure opportunities generating competitive rates of return. The WCX will also work with state and local governments to enhance their capacity in risk management, project vetting, and project finance. In time, the WCX will also act as a consolidator of information and policy regarding performance-based contracting and provide technical assistance to public entities interested in procuring proj7KHUHFHQWXSGDWHG(3$)DFW6KHHWRQSHUDFHWLFDFLG ects through alternative contracting. LGHQWL��HV3$$DVDQHIIHFWLYHZDVWHZDWHUGLVLQIHFWLRQ According to Knowles, ���This new WUHDWPHQW$QDOWHUQDWLYHGLVLQIHFWLRQFRPSRXQGWKDWGRHV approach to infrastructure financing QRWJHQHUDWHKDUPIXO'%3V3UR[LWDQH::SHUDFHWLF will result in an important shift by DFLGLVDPRUHUDSLGO\DFWLQJGLVLQIHFWDQWWKDQFKORULQHEDVHG state and local government from a GLVLQIHFWDQWVDQGFDQEHHFRQRPLFDOO\UHWUR��WWHGDQGRU reflexive commitment to status quo ZRUNLQVHULHVZLWKDQH[LVWLQJGLVLQIHFWLRQV\VWHP financing mechanisms, project types, and sources of repayment. By invest5HVXOWVRIDUHFHQWFDVHVWXG\VKRZLQLWLDOIHFDOFROLIRUP ing in the development of research FRXQWVUHGXFHGIROGZLWKLQWKH��UVWPLQXWHV and analysis to comprehensively HVWLPDWHGUHVLGHQFHWLPHDIWHUFRQWDFWZLWK3$$$OO3$$ document the market potential for this change and identify productive ZDVFRQVXPHGSULRUWRGLVFKDUJHGHPRQVWUDWLQJLWVODFNRI pathways that protect public benefit, SHUVLVWHQFH&DOO-RKQ0D;]LXNLQ+RXVWRQDW stakeholders will have the informaIRUPRUHLQIRUPDWLRQ tion necessary to support a move towards high-performance infrastructure investments.��� ��� Solvay Chemicals, Inc. 3$$6ROXWLRQV $QHIIHFWLYHGLVLQIHFWLRQ PHWKRGKHOSVSUHYHQWWKH VSUHDGRIZDWHUERUQH GLVHDVHV 1.800.SOLVAY C (800.765.8292) Michael Matichich is global technology leader, Financial Services, for CH2M HILL in Washington, D.C. He can be reached at michael.matichich@ch2m.com. Subscribe to PAA Solutions at www.solvaychemicals.us Copyright 2013, Solvay Chemicals, Inc. All Rights Reserved wateronline.com ��� Water Online The Magazine 37

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