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 Portland, Oregon. Here are our observations.
In the CIP covering the 2023-2027 fiscal years, City of Portland, Oregon detailed plans to spend nearly $3.7 billion on capital projects, an increase of 20.4% from $3 billion in its 2022-2026 CIP. The current CIP has 485 discrete projects, 5 less compared to the prior CIP. The table below breaks down the City of Portland’s planned capital spending by business area for its last two CIPs.
*Numbers are Rounded
Planned Spending Increase for Water Projects, Portland Parks & Recreation Drops
Planned spending in the Portland Water Bureau category increased by 43.4% to nearly $511 million. The increase goes to 23 new significant projects valued at $98 million, including the Washington Park Reservoir 3 project, worth $34 million, and another $30 million for the Advanced Metering Infrastructure project.
The Office of Management & Finance also increased by 74.2%, to $78 million, due to the notable increase in investment for FY 2021-22 City Fleet Kerby Garage replacement project, with a $120 million rise from the previous period. On the other hand, Portland Parks & Recreation cut its planned spending by 25.3% to nearly $48 million due to completed and near-completion projects.
$1.3 Billion Planned Investment for Water Projects
The City of Portland, Oregon’s recent CIP has four projects valued at more than $100 million:
Bull Run Filtration - valued at $873.4 million under the Portland Water Bureau business area; this will plan, design, and construct a new filtration plant for the City of Portland’s water supply.
Bull Run Pipelines - valued $333.1 million under the Portland Water Bureau business area; this will design and construct large-diameter pipelines that connect the proposed Filtration Facility to the existing conduits.
Distribution Mains - valued at $123.5 million under the Portland Water Bureau business area; this is to improve maintenance of the water system infrastructure, including repairs, replacements, and upgrades.
CityFleet Kerby Garage Replacement - valued at $120 million under the Office of Management and Finance business area.
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.