Owners of large infrastructure projects naturally try to off-load as much of the risk of the project as possible, but that also can significantly add to the overall costs. As an alternative, owners should examine ways to lower their costs by accepting some level of reasonable risk and working with high-quality EPC contractors.
Significant savings in expenses are possible for energy and water utilities once they are able to see deeply in their operational systems. That requires a data analytics platform designed to alert utilities to actionable decisions.
In many countries across the globe, various sectors – such as toll roads, parking garages and airports – have embraced the concept of public-private partnerships (PPPs) since it provides essential capital while meeting a public need.
As water and wastewater utilities are challenged to minimize rate increases while balancing limited budgets – complicated by deferred maintenance, chronic underinvestment and compliance mandates – one solution to consider is the public-private partnership (PPP) model.
Cities struggling with finding funds for smart city initiatives might be wise to connect the issue with another that almost all municipalities have in common – aging infrastructure.