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 by the City of Columbus, Ohio. Here are our observations.
In the CIP covering the 2023-2028 fiscal years, City of Columbus detailed plans to spend $4.9 billion on capital projects, an increase of 35.6% from nearly $3.6 billion in its 2022-2027 CIP. The current CIP has 601 discrete projects, compared to 483 projects in the prior CIP. The table below breaks down City of Columbus’s planned capital spending by business area for its last two CIPs.
*Numbers are Rounded
Nearly $1 Billion Increase in Public Utilities
The Public Utilities business area comprises the highest planned spending in the CIP, increasing by 32.8% to nearly $4 billion. The increase goes to existing projects, including one of the top projects, the Water Main Rehabilitation, valued at $115.5 million from $0.5 million in the previous period. Planned spending in Finance and Management also increased by $170 million mainly because of the new project, the construction of the Municipal Court, worth $170 million.
Water-Related Project to Nearly $500 Million of Investment
The City of Columbus has four notable projects valued at more than $150 million, all belonging to the Public Utilities category. The largest single project is the Fourth Water Plant, valued at $258.5 million for the construction of a new fourth water plant and association finished water transmission mains to meet water supply needs and increase the resiliency and reliability of the water supply system. Listed below are other notable projects:
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Three Creeks Relief Tunnel - valued at $249.5 million;
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Southerly Wastewater Treatment Plant (SWWTP) Far East Train - valued at $226.1 million;
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Broadview Road 30-inch Transmission Main - valued at $180 million. This project will provide a 30-inch diameter transmission main from the North pressure district to supply booster stations located near Morse Road/Hamilton Road that supply the Morse pressure district.
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.