Florida was an early pioneer in the United States of the public-private partnership (“P3”) model as a means of funding infrastructure improvements. In South Florida alone, we have the Florida Atlantic University dormitory, the $1.8 billion expansion of I-595, the $663 million Port of Miami tunnel and more recently, the Miami Beach Light Rail, to name a few. The use of P3s to fund transportation and social infrastructure projects in the Sunshine State cannot be gainsaid.
Conspicuously absent, however, from the list of readily recognized P3 projects in Florida is water and wastewater infrastructure. That omission should be remedied shortly though. Private investment in municipal water and wastewater infrastructure in the United States is poised for record growth and Florida is no exception to the projection. Continue Reading