The City and County of Denver and Adams County, the State of Colorado, and the USACE have signed the intergovernmental agreement establishing the platform for a P3 that will restore a 6.5 mile stretch of the South Platte River.
The agreement sets out project outputs, cost share splits, funding reimbursement requirements and designates the City and County of Denver as the lead in project delivery.
It is the latest project to be developed through the USACE’s pilot program, using private partners to support and deliver the initiatives, and follows the huge Fargo-Moorhead flood diversion initiative that reached financial close in 2021.
“This project presents a unique opportunity for the Omaha District Corps of Engineers to partner with an extremely dedicated sponsor to restore a highly degraded river that would provide a significant boost in nationally significant habitat and habitat connectivity,” said Col. Mark Himes, USACE Omaha District commander.
For an in-depth look at the growing role of federally supported P3 projects, such as those being developed through the USACE’s pilot program, click here.