Communities across the country have difficulties addressing their stormwater infrastructure needs for resolving growing water quality and quantity challenges. From meeting regulatory requirements to maintaining and updating infrastructure in the face of tightening and sometimes shrinking budgets, along with very limited federal funding, the public sector is faced with an increasing set of challenges to meet their residents’ever important water resource needs. However, there is an emerging partnership model to assist the public sector, while providing added local benefits.
The Community-Based Public-Private Partnership (CBP3) approach is a strong partnership between a local government and a private entity that leverages greater implementation capacity and flexibility, utilizes the latest advances in affordable, high performance technologies, facilitates market tools, like credits and trading, addresses dynamic community development trends and goals, and instills long-term financial and regulatory commitments for integrating multi-functional Green Infrastructure (GI) into stormwater management programs. The model develops a strong, long-term partnership between a municipality or local government and a private entity, sharing the risk, lowering the overall costs and incentivizing greater efficiencies, productivity and accountability by reinvesting cost savings and revenues into greater community improvement projects and local economic development. The model was developed by the U.S. Environmental Protection Agency Region 3 office in Philadelphia through a variety of experts and is being employed on a major green stormwater system retrofit partnership demonstration project in Prince George’s County, Maryland.
The first ever CBP3 Stormwater Infrastructure Summit will take place December 7, 2015 in Philadelphia. It is cohosted by the National Council for Public-Private Partnerships and the U.S. Environmental Protection Agency, in partnership with the Water Environment Federation, Chesapeake Bay Trust and Pennsylvania Water Environment Association.
Why Should I Attend?
- The CBP3 Stormwater Summit is the only event to focus on this new and emerging area of public-private partnerships
- Summit provides a unique chance to learn from stormwater and P3 experts in one place
- Leaders will discuss emerging opportunities for CBP3s
Who Should Attend?
- Public sector leaders responsible for stormwater programs
- Water resource managers
- Public sector finance experts
- Stormwater professionals
- Green Infrastructure professionals
- Financial Advisors
- Legal Experts
- Construction Firms
- Engineering Firms
- Subcontractors and Suppliers
- Economic Development Officials