JULY 2016 — Public-private partnerships, commonly referred to as P3, are growing rapidly in popularity in many states across the country. With limited funding, an increasing number of municipalities are turning to the private sector.
According to the American Society of Civil Engineers (ASCE), upgrading the country’s infrastructure will cost $3.6 billion by 2020. As the nation’s infrastructure continues to decline, P3 is quickly becoming an avenue for state and municipal funding. Legislation in favor of P3 is also on the rise.
Garney is an active supporter of P3 legislation, and recently finalized the takeover of the Vista Ridge Water Supply project. This P3 venture is a significant milestone as Garney will play a lead role in overseeing the design, construction, and financing for a 142-mile raw water system. Vista Ridge will expand San Antonio’s water supply by 20 percent, decreasing pressure on the sensitive Edwards Aquifer, which is subject to Federal, state and regional pumping regulations.
Construction is set to begin early next year and last through 2019, with water flowing by 2020.
“We’re excited to help secure San Antonio’s water future,” said Scott Parrish, Chief Operating Officer for Garney Construction. “Garney has a 30-year history delivering projects for SAWS water ratepayers and we’re here for the next 30 years – you’ve got a company that can get the project to the finish line and secure the water future for this community.”
For more information on P3, visit The National Council for Public for Public-Private Partnerships.