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      Alternative Finance For Waterways Infrastructure

      To evaluate Public Private Partnership (P3) authorization under the Water Resources Reform and Development Act of 2014 (WRRDA). P3 is not a new concept. The private sector historically had an important role in highway construction operation and financing in the early development of the U.S. In the mid-part of the 1800s, private sector financing and operations declined. In the late 1980’s, P3 remerged for highways (i.e., toll roads, bridges and tunnels). Today, many of our nation's critical infrastructure projects for transportation are evaluating innovative financing. Of all the P3 transportation projects started in 2005, the U.S. has reached financial closure for 15 projects since 2009 at a total value of $21B. In Canada, 13 projects have reached financial closure since 2009 at a total value of $10B in Canadian dollars. Since 1989, there have been over 100 P3 projects with a total value of $54B. Due to the passage of WRRDA of 2014, the Water Infrastructure P3 Pilot Program authorized a 5-year pilot program to identify up to 15 previously authorized navigation, flood damage reduction, and hurricane/storm damage reduction projects for private participation. This enables an innovative agreement with the private sector for projects from planning, design to construction. A non-federal entity or a consortium of one or more private entities or a public authority could participate in the funding, operations, maintenance, and replacement or major rehabilitation of locks and dams under a real property instrument and cooperative agreement while still owned by the Federal government.

      Committee Members

      Chris Accardo
      Member

      Scott Arends
      Member

      Kelly J. Barnes
      Member

      David Baxter
      Member

      Robert J Beduhn
      Chair

      Jonathan Benvenuto
      Member

      Todd S Bridges
      Member

      Elizabeth C Burkhart
      Member

      Andrew Henry Cairns
      Member

      John Chapman
      Member

      Christopher B Cornell
      Member

      Michael D Cox
      Member

      Steven Russell Davie
      Member

      Catherine Chiappinelli Dunn
      Member

      John D Francescon
      Secretary

      Kallol Ganguli
      Member

      Derek John Gardels
      Member

      Brad Guilmino
      Member

      William H. Hanson
      Member

      Edward John Hecker
      Member

      Jill Jamieson
      Member

      Kevin Karaloff
      Member

      Dennis Groome Lambert
      Member

      Norma Jean Mattei
      Member

      William Robert Miles
      Member

      Thandava R Murthy
      Member

      Emery Myers
      Member

      Mahmood Naghash
      Member

      Alfred Charles Naomi
      Member

      Nicholas Pansic
      Member

      Steve Peaslee
      Member

      Garland Paul Pennison
      Member

      Craig Eliot Philip
      Member

      Sujan Punyamurthula
      Vice-Chair

      Anthony Risko
      Member

      Scott Sigman
      Member

      Mohan NMN Singh
      Member

      Merdith Wyndham Bolling Temple
      Member

      Fred Tharp
      Member

      Ilker Tutuncu
      Member

      Nicolaas C Veraart
      Member

      Robert Vining
      Member

      Thomas H Wakeman, III
      Member

      Jim Walker
      Member

      Tracy Zea
      Member

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