Water & Wastewater Market Recap, September 2022

By FirmoGraphs Staff
Power Round Up December 2020 Power Lines Solar Power Panels

The September 2022 Water and Wastewater Market Recap covers interesting and useful water industry news for this month. It contains updates on industry drivers, notable projects, and recent mergers and acquisitions, as well as some interesting reads, and upcoming upcoming meetings and conferences.


Notable Capital Improvement Programs

Depositphotos_7058400_s-2019

Here are some recent, notable Capital Improvement Programs (CIPs). FirmoGraphs has deconstructed the CIPs into data elements, along with available project descriptions. Please feel free to request a meeting and review the data live in our business intelligence application.

City of Miami Beach, Florida, Capital Spending Plan Decreased by Nearly 30%

In the CIP covering the 2022-2026 fiscal years, the City of Miami Beach detailed plans to spend $841.5 million on capital projects, a decrease of 27.8% from $1.2 billion in its 2021-2025 CIP. The current CIP has 644 discrete projects, compared to 637 projects in the prior CIP. The table below breaks down the City of Miami Beach planned capital spending by business area for its last two CIPs.

miami beach florida capital spending table

 

Major Planned Spending Decrease in Utilities, Street/Sidewalks/Streetscape and Street Lighting

Planned spending decreased by 68.7% to $91.8 million in the Utilities business area. The decrease is due to 14 neighborhood improvement projects being deferred beyond 2026, a decrease of $184.1 million reportedly associated with COVID-19 impacts. The largest deferred projects include the Lakeview ($41 million) and Normandy Shores ($29.1 million) neighborhoods.

The Street / Sidewalks / Streetscape category and Street Lighting also declined by 13.9% and 83.4% respectively, for the same reason.

The General Public Buildings category increased by 83.2% to nearly $25 million. The increase goes to an ongoing project, the Replacement of Fire Station #3, worth $10 million.

Nearly $300 Million Investment in Drainage Improvements

Miami Beach has four notable projects. One is valued at nearly $300 million, and three are valued at more than $25 million. The largest single project is the proposed drainage improvements for the Normandy Isle neighborhood and landscaping improvements throughout the community, worth $292 million under the Streets/Sidewalks/Streetscape business area. 

Another $96 million is planned for the repairs of the catch basin, manholes, pipes, seawalls and the construction of water quality treatment devices, and pump stations. In addition, the Utilities category also has a notable project, the rehabilitation, and upgrade of water and wastewater pipelines, worth $44.9 million. Lastly is the construction of a Parking garage in the 72 Street Community Complex, worth $43 million under the Parks category.

Click Here to See Miami Beach, FL, CIP

 

Pittsburgh Water & Sewer Authority, Pennsylvania, Capital Spending Plan Increased by Over 14%

In the CIP covering the 2022-2026 fiscal years, the Pittsburgh Water & Sewer Authority detailed plans to spend $1.4 billion on capital projects, an increase of 14.1% from $1.2 billion in 2021-2025. The current CIP has 103 discrete projects, compared to 92 projects in the prior CIP. The table below breaks down the Pittsburgh Water & Sewer Authority planned capital spending by business area for its last two CIPs.

pwsa pennsylvania capital spending table

Major Investments in Lead Service Lines Replacement

Planned spending in the Water Treatment Plant business area increased by 53% to $193.7 million. The increase goes toward new projects such as the Clearwell Improvements, at $57 million, and the Rapid Mix and Clarifier Improvements Project, at $22 million. There is also a $38.5 million increase in Stormwater due to sewer system improvements and catch basins replacement projects under the Wet Weather Program and Catch Basin and Inlet Replacement Program. The 17.4% increase in Water Distribution resulted from the Neighborhood Lead Service Line Replacement Program, valued at $111 million.

The most significant decrease of 88.8% occurred in the Other/Miscellaneous area due to completed projects in 2021. The planned $2.5 million is meant to be used on the utility cost shares.

Water Main Replacement Project Receives More than $250 Million Investment

The current CIP has three projects valued at more than $100 million. Two projects are under Water Distribution: Small Diameter Water Main Replacement Program, with the highest planned spending of $254 million. Another one is the above-mentioned Neighborhood Lead Service Line Replacement Program. The third project is the Small Diameter Sewer Rehabilitation Program, valued at $110 million under the Wastewater System area.

Click Here to See Pittsburgh Water & Sewer Authority, PA, CIP

 

Notable M&A

Depositphotos_4659189_s-2019

The following  M&A transactions in the Power Generation and Supply Industry stand out in the month of September:



What We Are Reading

Reading News and Market Updates

Here are some recent articles our team has been reading:



Meeting Planner

Fiscal Year Planning-min

There is no replacement for face-to-face meetings with your prospects and customers! We track meetings of interest to our customers serving the US water and wastewater industry industry so you won’t miss upcoming meetings and deadlines. Also, FirmoGraphs has recently implemented a free-of-charge service for tracking notable infrastructure events. 

 

Meetings in October and November 2022

Early Bird Registrations

Call for Papers

Tags: water, wastewater

Related Articles

Water & Wastewater Market Recap, September 2024

( read )

Topics: water, wastewater

Water & Wastewater Market Recap, August 2024

( read )

Topics: water, wastewater

Water & Wastewater Market Recap, July 2024

( read )

Topics: water, wastewater

Follow Us

Contact us
San Francisco Bay Area
California, USA
510.671.0373

©2024 by FirmoGraphs, LLC.