Developing Framework for Alternative Funding Options in Water Infrastructure Projects

Matt Nafziger¹, Dan Koo²

¹Construction Engineering Management Technology Department of Engineering Technology, Purdue School of Engineering and Technology, Indiana University Purdue University Indianapolis (IUPUI), Indianapolis, IN, USA.
²Construction Engineering Management Technology, Purdue School of Engineering and Technology, Indiana University Purdue University Indianapolis (IUPUI), Indianapolis, IN, USA.

DOI: 10.4236/jbcpr.2015.31004                

Abstract

The United States is facing a crisis in which less financial resources are available to maintain the quality and to meet increasing demand of our water infrastructure system. Water utility owners across the nation are faced with the incredible challenge of finding ways to invest because of limited government funding, from local to federal levels. The funding gap between available and necessary funds has been increasing and expected to increase in the future. With government unable to provide adequate funding, water utility owners should consider alternative funding sources such as private partnerships and investment. There are many key aspects of an effective funding strategy for water utility owners to achieve successful water infrastructure planning and development. This paper presents various funding alternatives and provides a framework for utilizing alternative funding in water infrastructure planning and development to help alleviate funding gaps while simultaneously encouraging future sustainability in public water infrastructure.

Keywords

Public Private Partnership (PPP), Infrastructure Financing, Water Infrastructure

Conflicts of Interest

The authors declare no conflicts of interest.

References

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