California P3 Being Touted as Model Agreement

A water recycling plant in Santa Paula is being lauded as a “pioneering public-private partnership project” that’s proven to be a triumphant model of risk assessment and transfer critical to the success of any P3. A post on JDSupra.com explains the project broke new ground in terms of its vision. “As a result of changing from the design-bid-build option to the P3 approach, Santa Paula was able to avoid $18 million in construction costs, $1.8 million per year of current operating costs, increase design capacity by 25 percent, reduce facility footprint by 70 percent, reduce energy consumption by 30 percent and avoid $8 million of accrued fines assessed by the state.” The plant was completed in 2010 and, at the time, was the largest privately funded municipal wastewater facility of its kind in California.

 

http://www.jdsupra.com/legalnews/santa-paula-s-water-recycling-facility-90219/