TFTT Report
Black & Veatch: The Many Benefits of Public-Private Partnerships
A piece by Black & Veatch’s Gordon Heft highlights twelve benefits of water and wastewater public-private partnerships, including:
- Asset management implementation
- Capital improvement efficiencies
- Ability to retain ownership of the assets
- Retention of workforce
- Customizable PPP models
- Relief of financial stresses on cities
- Upfront capital
- Economic growth
- New revenue opportunities
- Ability to handle aging workforce
- Investment in new technology
- Savings on precious natural resources
More than 2,000 water and wastewater facilities across the country are operated under public-private partnership arrangements. These partnerships can lower operating costs by 24 percent on average, have high satisfaction rates reflected by a 97 percent renewal rate, and can be customized to meet the unique needs of a community.
