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 Hampton Roads Sanitation District, Virginia. Here are our observations.
In the CIP covering the 2023-2032 fiscal years, Hampton Roads Sanitation District (HRSD) detailed plans to spend $3.4 billion on capital projects, an increase of 17% from $2.9 billion in its 2022-2031 CIP. The current CIP has 220 funded projects, compared to 194 funded projects in the prior CIP. The table below breaks down HRSD planned capital spending by business area for its last two CIPs.
*Numbers are Rounded
Planned Increases for Almost All Business Areas
In the current CIP, three business areas have increased the most: Administration, Army Base and Eastern Shore. However, categories with significant planned increase and most interesting projects are described below.
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Atlantic - An increase of $64 million, or 82%, is due to new projects in the current CIP. The largest project is ATP Solids Handling Improvements and Odor Control Upgrades Phase I. The project involves replacement of two of the aging and inefficient odor control units with one larger unit with a project value of $26 million.
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Future Improvement - For both previous and current CIPs, there is only one project: Interceptor System Rehabilitation and Replacement. The project is project is a placeholder to meet future year spending targets, and it is related to undefined rehabilitation or replacement interceptor projects. It has increased from $217 million to $281.2 million, or 30% from the previous CIP.
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Nansemond - An increase of $69.9 million or 20% is due to new projects and an increment of the project value of twelve projects from the previous CIP. New projects amount to $37.9 million; the largest is related to the Wilroy Pressure Reducing Station and Off-line Storage Facility. This project is about installing New Pressure Reducing Station (Prs) With 80 Feet Of Assistance; the project value is $27 million.
Major Planned Investments for Water Treatment Facilities
HRSD planned spending has two notable projects in the current CIP under the General Business area, both concerning swift water delivery. One is the VIP SWIFT Facility, which includes water treatment facilities needed to produce swift water at the VIP Treatment Plant. The second is Nansemond SWIFT Facility, and it will consist of advanced water treatment facilities required to make swift water at the Nansemond Treatment Plant. The value for both notable projects is $334.1 million and $306.4 million, respectively.
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.