FirmoGraphs keeps its clients up to date on capital plans of interest for long-term business development. We help our customers use this information to gain a competitive advantage and improve proactive conversations with their clients. We recently processed the latest capital spending plan from the City of Baltimore, Maryland. Here are our observations.
In the CIP covering the 2023 - 2028 fiscal years, the City of Baltimore detailed plans to spend nearly $3.7 billion on capital projects, an increase of 9.5% from $3.3 billion in its 2022 - 2027 CIP. The current CIP has 480 discrete projects, compared to 449 projects in the prior CIP. The table below breaks down the City of Baltimore's planned capital spending by business area for its last two CIPs.
*Numbers are Rounded
Planned Spending Cuts for Wastewater Department; New Water Department Projects
Planned spending in the Department of Public Works - Water Supply increased by 31.6% to $876.4 million. The increase goes to 28 new projects, including Montebello 1 & 2 Filtered Water Reservoir Improvements and Watershed Bridge Maintenance, worth $43.2 million and $39.8 million, respectively. The Department of General Services also increased by $66.5 million for the same reason.
The Department of Public Works - Wastewater cut its planned spending by 7.9% due to projects nearing completion, including Patapsco Wastewater Treatment Plant Headworks Upgrade, valued at $39.4 million, and Patapsco Wastewater Treatment Plant Secondary Reactor Rehabilitation, valued at $55.6 million. The ongoing Conduit Corridor Construction Project, under the Conduit category, involves the reconstruction and replacement of segments of the conduit system with new conduit manholes and duct banks decreased by $75.5 million.
Over $200 Million Investment in Sewer Projects
Baltimore has 29 notable projects. Three projects are valued at more than $100 million, and twenty-six projects are valued at more than $25 million. The largest single project is the Outfall Phase II Sewershed Improvements for 5-Year Storm Level of Protection (LOP), worth over $155 million. In addition, another $106.9 million is planned for the Gwynn's Falls Phase II Sewershed Improvements for a 5-year LOP. These two projects belong to the Department of Public Works - Wastewater, which has the highest budget in the CIP. The Department of Public Works - Water Supply also has a notable project, the Future 15 Miles Water Main Replacement, worth $120 million.
How FirmoGraphs Can Help
FirmoGraphs curates data about U.S. public sector markets, including capital plans, regulatory developments, and other critical information. We help our customers use this information to gain competitive advantage and improve proactive conversations with their clients. We’d be glad to meet with you and help your company sort through the wealth of information in capital plans and other publicly available documents. Feel free to request a meeting and review the data live in our Business Intelligence platform.
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