Project Details

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Results Chart for Delivery Method and Financing

Delivery Method

DBFOM All Private Finance
# of Projects: 1
100% of the Results

Background informationProject Created: October 8, 2008

Project Name: Cranston Wastewater Treatment Upgrade
Year in Operation: 1997
Sector: Water & Waste
Subsector: Wastewater
Status: In Operation
Type: Substantial Alteration of Existing Facility
Description: 25 year Design-Build-Operate franchise for upgrade of City's wastewater treatment works and long term operations in accordance with applicable federal and state permit requirements.
Delivery Method as described in the country where it's located: Design Build Operate
Is the project still active: Yes
Comments: 25 year lease to a special purpose entity responsible for installing $30 million in wastewater treatment facilities and retiring $8 million in existing City wastewater debt, while maintaining and operating the system over the lease. Independent assessment that Life Cycle Delivery produced $116 million in savings to the City over the benchmark during the 25 year lease.

Project Locations

City: Cranston
State: Rhode Island
Country: United States of America

Souces of Project Support (Non-monetary)

Checkbox Checked Land: Existing facilities leased to DBO contractor.
Checkbox Checked Revenue Stream (Cash Flow) Protected Through Long Term Commitment(s) of Public Sponsor(s): 25 year lease, in which sewer rates are competitively determined initially, and adjusted only in accordance with the Consumer Price Index and Chemical indices.

Souces of Project Support (Monetary)

Checkbox Checked

From Private Capital Markets Directly to Producers as Debt

Checkbox Checked

From Producers as Equity: Some equity from special purpose entity.

Project Delivery & Finance Method

Project Delivery:
All Public Finance. Public Sponsor contracts for initial design, and separately contracts for initial construction. Public Owner operates and maintains the resulting facility.
Is there an independent checking engineer? Yes
Project Finance Method: All By Private Sponsor

Procurement Approach

Project Component
Based Selection
Request for
Request for
for Bids

Term for Key Components & Forms of Contract

Project Component
Combined Term: Initial Design, Construction, O&M Period

Project Value (If and As Known)

Date of Estimated Project Value: September 1, 1995
Project Value
Hard Cost
Hard & Soft Costs
$200-500 Million US
$200-500 Million US


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