Fostering Partnerships Between States and Economic Development Districtsnado-web
With historic amounts of federal funds being allocated to support pandemic recovery, state economic development offices and regional Economic Development Districts need to work well together now more than ever. This session will explore strategies and best practices for how states and EDDs can better coordinate their efforts to achieve better outcomes and meet local, regional, and statewide goals. Presenters will share regional and state-level perspectives as well as recent research emerging from a current capacity building project to support better regional-state partnerships.
The cultural assets and heritage of Ohio's Appalachian region are strengths that local leaders should strive to capitalize upon. Successful small town redevelopment is dependent upon integrating the arts and historic rehabilitation. During this session, learn how stakeholders in Ohio are working toward building vibrant communities that attract new businesses, new residents, and more visitors.
Overview of U.S. Treasury Final Rule For ARPA Fiscal Recovery Fundnado-web
Eryn Hurley (National Association of Counties) discusses the four major categories of eligible users for American Rescue Plan funds at the NADO-DDAA Washington Conference.
The road to connecting our communities to broadband has been a long and complicated journey. Hear from trailblazers and leaders in the space as they provide a roadmap detailing what has happened, what is to come, and some ways to prepare for the historical investments in broadband in our country. A wide range of topics will be discussed, from best practices to advocacy issues, including the Rural Digital Opportunity Fund, the Broadband provisions of the Infrastructure Investment and Jobs Act, State Broadband Offices, and more.
Fostering Partnerships Between States and Economic Development Districtsnado-web
With historic amounts of federal funds being allocated to support pandemic recovery, state economic development offices and regional Economic Development Districts need to work well together now more than ever. This session will explore strategies and best practices for how states and EDDs can better coordinate their efforts to achieve better outcomes and meet local, regional, and statewide goals. Presenters will share regional and state-level perspectives as well as recent research emerging from a current capacity building project to support better regional-state partnerships.
The cultural assets and heritage of Ohio's Appalachian region are strengths that local leaders should strive to capitalize upon. Successful small town redevelopment is dependent upon integrating the arts and historic rehabilitation. During this session, learn how stakeholders in Ohio are working toward building vibrant communities that attract new businesses, new residents, and more visitors.
Overview of U.S. Treasury Final Rule For ARPA Fiscal Recovery Fundnado-web
Eryn Hurley (National Association of Counties) discusses the four major categories of eligible users for American Rescue Plan funds at the NADO-DDAA Washington Conference.
The road to connecting our communities to broadband has been a long and complicated journey. Hear from trailblazers and leaders in the space as they provide a roadmap detailing what has happened, what is to come, and some ways to prepare for the historical investments in broadband in our country. A wide range of topics will be discussed, from best practices to advocacy issues, including the Rural Digital Opportunity Fund, the Broadband provisions of the Infrastructure Investment and Jobs Act, State Broadband Offices, and more.
Much like the construction of broadband networks across municipality borders, community development efforts often rely upon collaborations between multiple local governments and other organizations to produce the best outcomes. This session will focus on best practices for regional collaboration around broadband and community development. This session will also highlight a success story about reaching universal broadband coverage in Grayson County, Virginia.
Jeremy Lind, Institute of Development Studies
Presentation given at “Unlocking Investment in Africa’s Renewables: What are the Binding Constraints?” event, organised by the Institute of Development Studies and held on 19 January 2017 at the Wellcome Collection, London. For more information, please visit http://www.ids.ac.uk/events/unlocking-investment-in-africa-s-renewables-what-are-the-binding-constraints.
Edwin Nateminya, Integral Advisory
Presentation given at “Unlocking Investment in Africa’s Renewables: What are the Binding Constraints?” event, organised by the Institute of Development Studies and held on 19 January 2017 at the Wellcome Collection, London. For more information, please visit http://www.ids.ac.uk/events/unlocking-investment-in-africa-s-renewables-what-are-the-binding-constraints.
This presentation will discuss infrastructure funding in Canada.
The presentation will look at areas like funding, qualifying for funding, infrastructure gaps, how to maximised funding and role of the private sector with infrastructure projects
nvesting in Rural Prosperity: A Vision for the Future of Rural Developmentnado-web
Recent and projected demographic and economic transitions present both challenges and opportunities for rural communities. Whether rural communities and the people who call them home will thrive in the future depends in part on the approach that community leaders take to supporting workers, businesses, and families. An increasing body of evidence indicates that creating a strong sense of place, good quality of life, and inclusive access to opportunity may be deciding factors in whether a community will flourish or struggle over the long-term. Come to this session to hear from national thought leaders and on-the-ground practitioners about what this means for the work of Regional Development Organizations, their stakeholders, and the policies that support their work.
Racial Disparity in the Land of Sky Regionnado-web
Erica Anderson (Land of Sky Regional Council) discusses inclusive hiring practices in Asheville and Buncombe Counties at the NADO-DDAA Washington Conference.
Simon Bawakyillenuo, Institute of Statistical, Social and Economic Research
Presentation given at “Unlocking Investment in Africa’s Renewables: What are the Binding Constraints?” event, organised by the Institute of Development Studies and held on 19 January 2017 at the Wellcome Collection, London. For more information, please visit http://www.ids.ac.uk/events/unlocking-investment-in-africa-s-renewables-what-are-the-binding-constraints.
New Growth Innovation Network: Strengthening Regions Through Equity and Econo...nado-web
Amanda Straight (New Growth Innovation Network) discusses tools and tactics to build equity into organizations and tactics at the NADO-DDAA Washington Conference.
Much like the construction of broadband networks across municipality borders, community development efforts often rely upon collaborations between multiple local governments and other organizations to produce the best outcomes. This session will focus on best practices for regional collaboration around broadband and community development. This session will also highlight a success story about reaching universal broadband coverage in Grayson County, Virginia.
Jeremy Lind, Institute of Development Studies
Presentation given at “Unlocking Investment in Africa’s Renewables: What are the Binding Constraints?” event, organised by the Institute of Development Studies and held on 19 January 2017 at the Wellcome Collection, London. For more information, please visit http://www.ids.ac.uk/events/unlocking-investment-in-africa-s-renewables-what-are-the-binding-constraints.
Edwin Nateminya, Integral Advisory
Presentation given at “Unlocking Investment in Africa’s Renewables: What are the Binding Constraints?” event, organised by the Institute of Development Studies and held on 19 January 2017 at the Wellcome Collection, London. For more information, please visit http://www.ids.ac.uk/events/unlocking-investment-in-africa-s-renewables-what-are-the-binding-constraints.
This presentation will discuss infrastructure funding in Canada.
The presentation will look at areas like funding, qualifying for funding, infrastructure gaps, how to maximised funding and role of the private sector with infrastructure projects
nvesting in Rural Prosperity: A Vision for the Future of Rural Developmentnado-web
Recent and projected demographic and economic transitions present both challenges and opportunities for rural communities. Whether rural communities and the people who call them home will thrive in the future depends in part on the approach that community leaders take to supporting workers, businesses, and families. An increasing body of evidence indicates that creating a strong sense of place, good quality of life, and inclusive access to opportunity may be deciding factors in whether a community will flourish or struggle over the long-term. Come to this session to hear from national thought leaders and on-the-ground practitioners about what this means for the work of Regional Development Organizations, their stakeholders, and the policies that support their work.
Racial Disparity in the Land of Sky Regionnado-web
Erica Anderson (Land of Sky Regional Council) discusses inclusive hiring practices in Asheville and Buncombe Counties at the NADO-DDAA Washington Conference.
Simon Bawakyillenuo, Institute of Statistical, Social and Economic Research
Presentation given at “Unlocking Investment in Africa’s Renewables: What are the Binding Constraints?” event, organised by the Institute of Development Studies and held on 19 January 2017 at the Wellcome Collection, London. For more information, please visit http://www.ids.ac.uk/events/unlocking-investment-in-africa-s-renewables-what-are-the-binding-constraints.
New Growth Innovation Network: Strengthening Regions Through Equity and Econo...nado-web
Amanda Straight (New Growth Innovation Network) discusses tools and tactics to build equity into organizations and tactics at the NADO-DDAA Washington Conference.
Making blended finance work for water and sanitation green talks webinarOECD Environment
Water-related investments are key for sustainable development and inclusive growth. Blended finance can play a critical role in mobilising commercial finance and strengthening the financing systems on which water-related investments rely on. Water flows as a prerequisite through every one of the sustainable development goals (SDGs), especially those on food security, healthy lives, energy, sustainable cities and marine and terrestrial ecosystems.
We need a water low-carbon resilient infrastructure. Delivering these environmental ambitions will require historic scaling of financing on water related investments. These requires using existing sources of finance more strategically.
On 9 Sept 2019, Kathleen Dominique of the Environment Directorate OECD and Wiebke Bartz-Zuccala of the Development Co-operation Directorate OECD, discussed ongoing OECD work on blended finance and what has worked in the past as well as the potential to scale up blended finance approaches to apply to a broader range of investment types and contexts.
Watch the video recording of the Green Talk: https://www.youtube.com/watch?v=c2cO5F5gg2g&t=50s
Find out more: http://www.oecd.org/environment/making-blended-finance-work-for-sdg-6-5efc8950-en.htm
Cities around the world are facing a crisis of investment. An integral part of solving this challenge requires building local government capacities and providing practitioners, academics, and advisors who work with cities with leading strategies that have the potential to advance infrastructure investment in ways that contribute to sound municipal fiscal systems. This presentation was originally delivered as a webinar on November 9, 2016 as part of a series of webinars on Municipal Fiscal Health. The webinar featured Dr. Julie Kim, a global infrastructure finance expert at Stanford University's Global Projects Center with over 30 years of public-private partnerships and infrastructure consulting experience in the U.S. and Asia; and Nicole DuPuis from the the National League of Cities, the nation's leading advocacy organization devoted to strengthening and promoting cities as centers of opportunity, leadership and governance.
This session focused on the key roles cities can play in support their own energy procurements, as well as key roles of local government can play to catalyze clean energy adoption community-wide.
Using Federal Charging Funds Equitably & Effectively by Steve Lommele and Bri...Forth
Steve Lommele, Interim Communications and Stakeholder Engagement Lead and Bridget Gilmore, EV Charging Fellow at Joint Office of Energy & Transportation gave this presentation at the Forth Using Federal Charging Funds Equitably & Effectively webinar on November 15, 2022.
Information for Cuyahoga County applicants to the State Infrastructure Programs
This presentation was shown at workshops on July 23 and 24, 2018.
http://www.countyplanning.us/services/grant-programs/infrastructure-programs/
about how to establish a program to make that a reality. Learn about tools like the Green Infrastructure Portfolio Standard, how to set a measurable goal and implement your project, and address challenges in financing.
Learn about tools like the Green Infrastructure Portfolio Standard, how to set a measurable goal and implement your project, and address challenges in financing.
Economic Development Administration UpdateRPO America
During the 2017 National Regional Transportation Conference, Cindy Edwards provided an update from the Economic Development Administration's Denver Regional Office on the agency's activities related to infrastructure and transportation.
Yaz Emrani, M.S., P.E., Vice President of Carollo Engineers, Inc., and Co-chair of the OC Infrastructure Report Card Executive Committee, discussed the results of the Report Card and the ‘C+’ average grade awarded based on the 12 categories: Aviation (A-); Electric Power (C-); Flood Control and Levees (C-); Ground Transportation (C); Natural Gas (B-); Oil (B-); Parks, Recreation, and Environment (C+); School Facilities (C); Solid Waste (B); Surface Water Quality (D+); Wastewater (B); and Water Supply (B).
Enhancing the ability of governments and other organizations to provide environmental programs in fair, effective, and financially sustainable ways through:
•Applied Research
•Education and Outreach
•Program Design and Evaluation
Similar to Investing in Michigan’s Infrastructure: Building for Economic Growth (20)
Business Leaders for Michigan is pleased to provide you with this year’s fact-based assessment of Michigan’s economic competitiveness relative to other states. We compare Michigan’s performance on key output (e.g., employment, personal income) and input (e.g., taxes, education) metrics annually to that of “traditional,” “new economy,” and “Top Ten” benchmark states. These metrics provide multiple reference points to evaluate Michigan’s performance.
The conclusions included in this report are used by Business Leaders for Michigan and policymakers alike to help develop strategies for making Michigan a “Top Ten” state for jobs, personal income, and a healthy economy.
If Michigan were performing like a “Top Ten” state today, there would be:
72,300 more Michigan people working
$9,200 more income per person
$12,300 more GDP per person
Business leaders looking for places to locate or expand operations often consider the stability of government financial operations as a key factor in their site selection decisions.
When current levels of taxation and service provision are not sustainable, it creates uncertainty about the location’s long-term viability as a place to invest, live or work.
Michigan has a history of being more fiscally unstable than the average state, due to a traditionally heavier reliance on manufacturing. Michigan has had a tendency to out-perform the nation during economic recoveries and under-perform during periods of recession. These trends result in tax revenues that vary widely from year to year, making budget and economic planning a challenge for state and local officials. In addition, stagnant population growth and an aging population have increased taxpayer demand on public services.
The nearly decade-long recession Michigan experienced in the 2000’s placed significant pressure on the people of Michigan and left many local units of government in fiscal distress. State leaders responded by passing the Local Financial Stability and Choice Act (Public Act 436 of 2012) to address the growing number of local governments and school districts with unusually high levels of economic hardship. The City of Detroit filed for bankruptcy in 2013, and Michigan has had four school districts cease operations due to fiscal insolvency (Highland Park, Buena Vista, Inkster, and Muskegon Heights). Moreover, Detroit Public Schools recently came very close to insolvency.
Michigan’s top economic leaders today issued a series of findings that forecast the state’s readiness to fill high-paying, high-demand jobs with educated and skilled workers.
And, while data show the state is generally prepared to meet the demand for high-wage jobs over the next three years, the ability to meet demand over the long-term is less certain.
The Building a New Michigan Plan is a fact-based roadmap to help Michigan become a “Top Ten” economic competitor by 2020. It is the successor to Business Leaders for Michigan's Michigan Turnaround Plan (MTP), which was designed to restart economic growth after the Great Recession.
“Thanks to the support of the public, policy makers, business and community leaders, much of the MTP has been accomplished, with positive results—new jobs, higher incomes and a growing population. Now that we’ve shored up our economic foundation, it’s time for us to get building,” said Patrick Doyle, Domino’s President & CEO and BLM Board Chair.
Doyle said while the state’s economic growth has been promising, there is much more to be accomplished.
“The Great Recession hit Michigan harder than any other state, so while our recent growth has been impressive, we’re still not where we should be in absolute terms,” Doyle said. “The Turnaround Plan headed us in the right direction. The new plan is designed to complete the mission of getting us to become a Top Ten state.”
If Michigan was performing like a Top Ten state today, there would be 120,000 more Michiganders working and $11,000 more income per person annually.
This report provides a fact-based assessment of Michigan’s economic competitiveness relative to other states. Michigan’s performance is compared on key output (e.g., employment, GDP) and input (e.g., labor cost) metrics. A set of “traditional,” “new economy,” and “Top Ten” benchmark states were used to provide multiple reference points to evaluate Michigan’s performance.
While the intent of this report is not to make recommendations, general conclusions are outlined. These conclusions are used by Business Leaders for Michigan to help develop strategies for making Michigan a “Top Ten” state for jobs, personal income, and a healthy economy.
The Road to Renaissance initiative was the first comprehensive strategy developed to accelerate economic growth for the entire Detroit region.
The initiative was launched in 2006 by Business Leaders for Michigan (formerly Detroit Renaissance) and was based on extensive research and community input, including:
– Benchmarking 6 national & global regions
– Analyzing the region’s workforce & business strengths
– Reviewing 15 previous regional studies
– Obtaining input from 650 leaders/500 organizations
Final recommendations were released in 2007 with work continuing through 2011 and beyond. This is the final summary of our results.
Using our Michigan Turnaround Plan as a checklist, we can see how much has been done to strengthen our state and reshape its economy. Our state finances are managed better, our tax policy has been improved, our regulatory
environment makes more sense, and the conditions are right to foster growth in our state, creating new jobs and bringing life to our communities. As you read this report, we think you’ll see that much has been done to strengthen Michigan’s economic environment. Our economy might not be a Top Ten State yet, but we’re well on our way.
In the 2012 Michigan Turnaround Plan, we identify what work remains in Steps 1-5 to further strengthen our state’s
competitiveness and put our state on a solid path to prosperity.
Now that our foundation is more solid, it is time to add a sixth step to the MTP – Leveraging Assets to Grow the New
Michigan. We identify existing Michigan assets that we believe, based on solid data, can be leveraged to accelerate
growth and transition to the New Michigan. It’s a 10+ year vision that builds on the first five steps of the Plan. We
detail the possibilities we see in each “growth opportunity”to reshape and strengthen the Michigan of tomorrow.
Business Leaders for Michigan (BLM) hired Public Sector Consultants (PSC) to outline strategies that the State of Michigan can implement to help its regions and cities achieve their economic and urban development goals. The Brookings Institution Metropolitan Policy Program substantively
shaped and contributed to this project under the auspices of the Brookings-Rockefeller Project on
State and Metropolitan Innovation, which works to present fiscally responsible state policies and practical, metropolitan-led solutions that leaders can use to create the next American economy.
Working together on this effort, PSC and Brookings have focused on state-level interventions that
will support and empower metropolitan areas in their ongoing economic and urban revitalization efforts. This strategy recognizes that much of the heavy lifting regarding urban and metropolitan revitalization must be done at the local level, and that there is an abundance of work focused on
local urban revitalization efforts. This strategy is intended to build on those efforts, and make
recommendations regarding what the state (and other stakeholders) can do at both the state and metro-specific level to help urban metropolitan areas achieve their prosperity goals.
This report provides a fact-based assessment of Michigan’s economic competitiveness relative to other states and nations. It is used by Business Leaders for Michigan to help
develop strategies and recommendations for making Michigan a “Top Ten” state for job,
economic, and personal income growth, such as those contained in the Michigan Turnaround Plan.
Comparisons are made of Michigan’s performance with other states on key output (e.g., GDP growth) and input (e.g., labor cost) metrics. A set of “traditional,” “new economy,”
“global,” and “Top Ten” benchmark states and/or nations were used to provide multiple reference points to evaluate Michigan’s performance. While the intent of this report is not to make recommendations, general conclusions are outlined.
In 2009, Business Leaders for Michigan (BLM)
released the Michigan Turnaround Plan, a plan
on how to make Michigan a Top Ten state for
job, economic and personal income growth.
The Plan was updated in 2012 to identify the
six most distinctive assets Michigan had which
could be leveraged to accelerate growth.
These assets include the state’s engineering
prowess, geographic location, and world-class
higher education institutions, among others.
The 2013 New Michigan Report is the first in
an annual series in which Michigan’s progress
in leveraging its assets into economic growth
will be tracked. Michigan’s performance on
various metrics will be charted over time, and
compared to the results achieved in other
high-performing states.
Business Leaders for Michigan’s goal of helping Michigan become a Top Ten state will be impacted by the strength of our workforce. This paper summarizes research we conducted to identify economic trends that
will influence Michigan’s workforce needs, and suggests ways we can support state residents to meet those needs now and in the future. Three primary findings were drawn from the research:
This report provides a fact-based assessment of Michigan’s economic competitiveness relative to other states and nations. Michigan’s performance is compared with that of other
states on key output (e.g., employment, GDP) and input (e.g., labor cost) metrics. A set of “traditional,” “new economy,” “global,” and “Top Ten” benchmark states were used to
provide multiple reference points to evaluate Michigan’s performance.
While the intent of this report is not to make recommendations, general conclusions are
outlined. These conclusions are used by Business Leaders for Michigan to help develop strategies for making Michigan a “Top Ten” state for job, economic, and personal income growth, such as those contained in the Michigan Turnaround Plan.
Business Leaders for Michigan’s New Michigan strategy identified Michigan’s engineering talent as a key asset that could be leveraged to help grow the state’s economy into a Global Engineering Village. This plan was developed by a group of stakeholders to help achieve that result.
This report was unveiled at Business Leaders for Michigan's 2nd annual Leadership Summit on March 10, 2014, where nearly 500 attendees met to hear about Michigan's recent progress in six areas identified in BLM’s New Michigan strategy as having the greatest potential to grow good jobs quickly and a sustainable economy. The six areas are: engineering, logistics/supply chain, higher education, natural resources, mobility and life sciences.
Compete. Invest. Grow.
Five years after the launch of its strategy for economic change, Business Leaders for Michigan (BLM) unveiled plans for continuing Michigan’s progress toward more jobs, higher income, and a healthy economy.
This report provides a fact-based assessment of Michigan's economic competitiveness relative to other states. Michigan's performance is compared on key output (e.g., employment, GFP) and input (e.g., labor cost) metrics. A set of "traditional," "new economy,' and "Top Ten" benchmark states were used to provide multiple reference points to evaluate Michigan's performance.
This report explores the specific contributions made by Michigan’s higher education sector and
discusses the strong and growing need for quality postsecondary options. It builds on recent
recommendations for performance-based funding and provides a multi-pronged approach for
accelerating the pace toward Top Ten educational attainment. This report also details how higher education can help create more jobs in Michigan.
The automotive industry is quickly becoming a mobility industry. This report was developed with a coalition of top industry experts, the Center for Automotive Research and McKinsey & Company. It outlines a strategy to position Michigan for long-term growth in the auto sector as it continues to transition to an increasingly advanced technology-based sector.
It was produced with support from Business Leaders for Michigan and the Michigan Economic Development Corporation. This report was developed with a coalition of top industry experts, the Center for Automotive Research and McKinsey & Company. It outlines a strategy to position Michigan for long-term growth in the auto sector as it continues to transition to an increasingly advanced technology-based sector. It was produced with support from Business Leaders for Michigan and the Michigan Economic Development Corporation.
To further Business Leaders for Michigan's strategy for building a New Michigan, it recently released The Michigan Natural Resources Business Plan: Leveraging Our Assets to Make Michigan a Top Ten State, which details recommendations for how Michigan could better leverage its strengths in natural resources, from tourism to agriculture and beyond.
What website can I sell pi coins securely.DOT TECH
Currently there are no website or exchange that allow buying or selling of pi coins..
But you can still easily sell pi coins, by reselling it to exchanges/crypto whales interested in holding thousands of pi coins before the mainnet launch.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and resell to these crypto whales and holders of pi..
This is because pi network is not doing any pre-sale. The only way exchanges can get pi is by buying from miners and pi merchants stands in between the miners and the exchanges.
How can I sell my pi coins?
Selling pi coins is really easy, but first you need to migrate to mainnet wallet before you can do that. I will leave the telegram contact of my personal pi merchant to trade with.
Tele-gram.
@Pi_vendor_247
Even tho Pi network is not listed on any exchange yet.
Buying/Selling or investing in pi network coins is highly possible through the help of vendors. You can buy from vendors[ buy directly from the pi network miners and resell it]. I will leave the telegram contact of my personal vendor.
@Pi_vendor_247
Introduction to Indian Financial System ()Avanish Goel
The financial system of a country is an important tool for economic development of the country, as it helps in creation of wealth by linking savings with investments.
It facilitates the flow of funds form the households (savers) to business firms (investors) to aid in wealth creation and development of both the parties
when will pi network coin be available on crypto exchange.DOT TECH
There is no set date for when Pi coins will enter the market.
However, the developers are working hard to get them released as soon as possible.
Once they are available, users will be able to exchange other cryptocurrencies for Pi coins on designated exchanges.
But for now the only way to sell your pi coins is through verified pi vendor.
Here is the telegram contact of my personal pi vendor
@Pi_vendor_247
how to sell pi coins effectively (from 50 - 100k pi)DOT TECH
Anywhere in the world, including Africa, America, and Europe, you can sell Pi Network Coins online and receive cash through online payment options.
Pi has not yet been launched on any exchange because we are currently using the confined Mainnet. The planned launch date for Pi is June 28, 2026.
Reselling to investors who want to hold until the mainnet launch in 2026 is currently the sole way to sell.
Consequently, right now. All you need to do is select the right pi network provider.
Who is a pi merchant?
An individual who buys coins from miners on the pi network and resells them to investors hoping to hang onto them until the mainnet is launched is known as a pi merchant.
debuts.
I'll provide you the Telegram username
@Pi_vendor_247
Poonawalla Fincorp and IndusInd Bank Introduce New Co-Branded Credit Cardnickysharmasucks
The unveiling of the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card marks a notable milestone in the Indian financial landscape, showcasing a successful partnership between two leading institutions, Poonawalla Fincorp and IndusInd Bank. This co-branded credit card not only offers users a plethora of benefits but also reflects a commitment to innovation and adaptation. With a focus on providing value-driven and customer-centric solutions, this launch represents more than just a new product—it signifies a step towards redefining the banking experience for millions. Promising convenience, rewards, and a touch of luxury in everyday financial transactions, this collaboration aims to cater to the evolving needs of customers and set new standards in the industry.
how to sell pi coins at high rate quickly.DOT TECH
Where can I sell my pi coins at a high rate.
Pi is not launched yet on any exchange. But one can easily sell his or her pi coins to investors who want to hold pi till mainnet launch.
This means crypto whales want to hold pi. And you can get a good rate for selling pi to them. I will leave the telegram contact of my personal pi vendor below.
A vendor is someone who buys from a miner and resell it to a holder or crypto whale.
Here is the telegram contact of my vendor:
@Pi_vendor_247
USDA Loans in California: A Comprehensive Overview.pptxmarketing367770
USDA Loans in California: A Comprehensive Overview
If you're dreaming of owning a home in California's rural or suburban areas, a USDA loan might be the perfect solution. The U.S. Department of Agriculture (USDA) offers these loans to help low-to-moderate-income individuals and families achieve homeownership.
Key Features of USDA Loans:
Zero Down Payment: USDA loans require no down payment, making homeownership more accessible.
Competitive Interest Rates: These loans often come with lower interest rates compared to conventional loans.
Flexible Credit Requirements: USDA loans have more lenient credit score requirements, helping those with less-than-perfect credit.
Guaranteed Loan Program: The USDA guarantees a portion of the loan, reducing risk for lenders and expanding borrowing options.
Eligibility Criteria:
Location: The property must be located in a USDA-designated rural or suburban area. Many areas in California qualify.
Income Limits: Applicants must meet income guidelines, which vary by region and household size.
Primary Residence: The home must be used as the borrower's primary residence.
Application Process:
Find a USDA-Approved Lender: Not all lenders offer USDA loans, so it's essential to choose one approved by the USDA.
Pre-Qualification: Determine your eligibility and the amount you can borrow.
Property Search: Look for properties in eligible rural or suburban areas.
Loan Application: Submit your application, including financial and personal information.
Processing and Approval: The lender and USDA will review your application. If approved, you can proceed to closing.
USDA loans are an excellent option for those looking to buy a home in California's rural and suburban areas. With no down payment and flexible requirements, these loans make homeownership more attainable for many families. Explore your eligibility today and take the first step toward owning your dream home.
what is the future of Pi Network currency.DOT TECH
The future of the Pi cryptocurrency is uncertain, and its success will depend on several factors. Pi is a relatively new cryptocurrency that aims to be user-friendly and accessible to a wide audience. Here are a few key considerations for its future:
Message: @Pi_vendor_247 on telegram if u want to sell PI COINS.
1. Mainnet Launch: As of my last knowledge update in January 2022, Pi was still in the testnet phase. Its success will depend on a successful transition to a mainnet, where actual transactions can take place.
2. User Adoption: Pi's success will be closely tied to user adoption. The more users who join the network and actively participate, the stronger the ecosystem can become.
3. Utility and Use Cases: For a cryptocurrency to thrive, it must offer utility and practical use cases. The Pi team has talked about various applications, including peer-to-peer transactions, smart contracts, and more. The development and implementation of these features will be essential.
4. Regulatory Environment: The regulatory environment for cryptocurrencies is evolving globally. How Pi navigates and complies with regulations in various jurisdictions will significantly impact its future.
5. Technology Development: The Pi network must continue to develop and improve its technology, security, and scalability to compete with established cryptocurrencies.
6. Community Engagement: The Pi community plays a critical role in its future. Engaged users can help build trust and grow the network.
7. Monetization and Sustainability: The Pi team's monetization strategy, such as fees, partnerships, or other revenue sources, will affect its long-term sustainability.
It's essential to approach Pi or any new cryptocurrency with caution and conduct due diligence. Cryptocurrency investments involve risks, and potential rewards can be uncertain. The success and future of Pi will depend on the collective efforts of its team, community, and the broader cryptocurrency market dynamics. It's advisable to stay updated on Pi's development and follow any updates from the official Pi Network website or announcements from the team.
The European Unemployment Puzzle: implications from population agingGRAPE
We study the link between the evolving age structure of the working population and unemployment. We build a large new Keynesian OLG model with a realistic age structure, labor market frictions, sticky prices, and aggregate shocks. Once calibrated to the European economy, we quantify the extent to which demographic changes over the last three decades have contributed to the decline of the unemployment rate. Our findings yield important implications for the future evolution of unemployment given the anticipated further aging of the working population in Europe. We also quantify the implications for optimal monetary policy: lowering inflation volatility becomes less costly in terms of GDP and unemployment volatility, which hints that optimal monetary policy may be more hawkish in an aging society. Finally, our results also propose a partial reversal of the European-US unemployment puzzle due to the fact that the share of young workers is expected to remain robust in the US.
what is the best method to sell pi coins in 2024DOT TECH
The best way to sell your pi coins safely is trading with an exchange..but since pi is not launched in any exchange, and second option is through a VERIFIED pi merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and pioneers and resell them to Investors looking forward to hold massive amounts before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade pi coins with.
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Investing in Michigan’s Infrastructure: Building for Economic Growth
1. Investing in Michigan’s
Infrastructure: Building
for Economic Growth
Leading Practices in Infrastructure Planning, Funding & Financing
with Key Findings for the State of Michigan
2. TABLE OF CONTENTS
3
15
26
36
45
1 Executive Summary
Leading Practices Research Supporting Case Studies
Summary of Potential 21st Century Infrastructure Technical Solutions
Infrastructure Investment Index Prioritization Criteria & Scoring Results
Project Work Plan
Infrastructure Subject Matter Expert Interview List
Report Endnotes
5 Appendices
2 Current State of Infrastructure Planning, Funding & Policy in Michigan
4 Key Findings
3 Infrastructure Planning, Funding & Policy Leading Practices Research
2
4. The project scope included a review of Michigan infrastructure data, industry stakeholder
interviews, Infrastructure Commission workshops and a global review of leading practices.
Energy Communications
WaterTransportation
• Roads
• Bridges
• Rail
• Airports
• Drinking Water
• Dams
• Sewer
• Storm Water
• Electricity
• Gas
• Alternative Energy
• Fixed Broadband
• Mobile Networks
• Telephone
1 Michigan Infrastructure
Data Review
Deloitte Infrastructure
Expert Interviews
Global & U.S. Leading
Practices Research
BLM / Infrastructure
Commission Workshops
Infrastructure Industry
Expert Interviews
Project Focus: Infrastructure Planning, Funding and Financing in the State of Michigan
INFRASTRUCTURE IN SCOPE PROJECT APPROACH STUDY INPUTS
2
3
4
5
30 Industry Experts Interviewed
15 U.S. Locations Researched
15 Global Locations Researched
19 Leading Practices Identified
28 Leading Practice Case Studies
4Executive Summary
PROJECT SCOPE & METHODOLOGY
5. Public Health and Safety Risks
• Some critical infrastructure at risk of failure.
• Significant under-investment in some basic essential services.
Future Economic Growth Risks
• Soo Locks upgrade required to increase logistics reliability.
• Limited public transportation options in major cities.
• Detroit Airport expansion to leverage undeveloped land.
• Waste water overflows into natural waterways.
• Broadband speed and coverage expansion required to
support economic growth.
Infrastructure Funding Risks
• Infrastructure funding gaps are growing rapidly, potentially
creating a large burden on future generations.
• Limited new sources of funding, increasing the role of private
investment.
Michigan has a major need to rehabilitate deteriorating water, transportation and energy infrastructure.
Communication infrastructure is relatively new and well maintained by the private sector.
Michigan Infrastructure Condition Grades
Current State of Michigan Infrastructure Related
Issues
Infrastructure Types
Michigan
(2009)
U.S.
Average
(2013)
Roads D D
Bridges D C +
Rail D + C +
Aviation C D
Navigation / Ports C – C
Public Transport D + D
Drinking Water D D
Waste Water C D
Storm Water D + D –
Energy C – D +
Communications N/A N/A
Overall D D +
C = Mediocre, Requires Attention
D = Poor, At Risk
Source: American Society of Civil Engineers
5
CURRENT STATE OF MICHIGAN INFRASTRUCTURE –
PHYSICAL LIMITATIONS
Executive Summary
6. There appears to be under-investment in Michigan when compared to similar states and
the U.S. average and this has led to significant current state infrastructure funding gaps.
6
PEER INFRASTRUCTURE SPENDING COMPARISON
Executive Summary
$341
$278
$100
$72
$92
$189
$107
$274
$563
$358
$424
$450
$421
$395
$446
$536
$1,651
$481
$978
$935
$553
$649
$470
$795
New York
Indiana
Illinois
Pennsylvania
Ohio
Wisconsin
Michigan
U.S. Average
New York
Indiana
Illinois
Pennsylvania
Ohio
Wisconsin
Michigan
U.S. Average
New York
Indiana
Illinois
Pennsylvania
Ohio
Wisconsin
Michigan
U.S. Average
EnergyWaterTransportation
State and Local Functional Spend per Capita
Annual Average 2010 - 2014
Source: U.S. Census Bureau Note: Chart shows functional spend (Capital Expenditure + Operational Expenditure)
Source: U.S. Census Bureau
State and Local Capital Spend (% of Total Expenditure)
Annual Average 2010 – 2014
Observations
• Michigan had the lowest % capital spend compared to similar states at 6.4%
• Michigan spent 4.2% less than the U.S. Average and would need to
increase (2014) annual capital spending by $4 billion to align
• Michigan spent 2.4% less than the Great Lakes Average and would need to
increase (2014) annual capital spending by $2.5 billion to align
Observations
• Transportation: $325 per capita less than the U.S. average (Ranking: 51st)
• Water: $90 per capita less than the U.S. average (Ranking: 18th)
• Energy: $167 per capita less than the U.S. average (Ranking: 40th)
• Communications spending data not publicly available
11.3%
9.9%
9.8%
9.4%
9.2%
8.5%
6.4%
10.6%
New York
Indiana
Illinois
Pennsylvania
Ohio
Wisconsin
Michigan
U.S. Average
7. Innovative infrastructure planning and coordination practices are deployed to increase
accountability, transparency and collaboration in major asset investment decision-making.
Coordinated Infrastructure Planning Coordinated Infrastructure Procurement
Asset Management Practices Incentives for Coordination
The State of Connecticut’s
Regional Performance Incentive
Program helps municipalities
reduce costs through the
regionalization of services.
Infrastructure Victoria has been
established to publicly release a 30-year
Infrastructure Strategy detailing short,
medium and long-term infrastructure
needs and priorities.
Ontario’s Rural Asset Management
Program was launched to help eligible
municipalities and local services boards
improve and increase their capacity to
manage their infrastructure assets.
Infrastructure Ontario is an independent
infrastructure procurement body set up to
support the government’s initiatives to
modernize and maximize the value of
public infrastructure and realty.
7
LEADING PRACTICE EXAMPLES –
INFRASTRUCTURE PLANNING & COORDINATION
Executive Summary
8. Infrastructure funding sources are government cash flows that can be used to support the
construction and operation of infrastructure via. the repayment of infrastructure financing.
Direct / Indirect Taxation User Fees
Land Value Capture Infrastructure Leasing
Oregon has implemented the first
voluntary pilot program for Vehicle
Miles Travelled (VMT) Tax in America.
This program taxes on miles driven
rather than gallons of gas purchased.
Washington DC Water has
implemented a Water System
Replacement Fee to recover costs
associated with renewing and replacing
water service lines.
Toronto’s Metrolinx Project administered
a fee to property owners, including
developers and home buyers, to capture
the increase in property value due to the
new transportation infrastructure.
The State of New South Wales in
Australia leased part of its electricity
network to raise money for an
infrastructure development fund and
then “recycled” the investments.
8
LEADING PRACTICE EXAMPLES –
INFRASTRUCTURE FUNDING SOURCES
Executive Summary
9. Infrastructure financing strategies are the debt and equity investments that can be made to pay for
projects now, but are then repaid with a minimum return using cash flows over the life of the asset.
Infrastructure Bonds State Infrastructure Banks
Public-Private Partnerships Other Sources of Private Capital
In 2014, Washington DC Water issued
$350 million in taxable, green century
bonds to finance a portion of the $2.6
billion DC Clean Rivers project to reduce
waste water overflows to waterways.
The Commonwealth of Pennsylvania
has established separate transportation
and water infrastructure investment
authorities to leverage Federal & State
funds and make low-interest loans for
improvement projects.
Virginia and Florida are two U.S. states
that have led the way with the
implementation of large scale and
innovative Toll Road Public-Private
Partnerships to improve infrastructure
condition and boost capacity.
The State of Alaska initiated a public-
private research effort to find more
affordable ways to deliver drinking water
and sewage disposal services in rural
areas, including the potential invention of
innovative decentralized water systems.
9
LEADING PRACTICE EXAMPLES –
INFRASTRUCTURE FINANCING STRATEGIES
Executive Summary
10. “Average” “Good” “Leading Practice”
Asset
Management
Practices
Coordinated
Infrastructure
Planning
Coordinated
Infrastructure
Procurement
Financing
Strategies
Funding
Mechanisms
W T
Limited asset data
collection and analytics
Statewide Asset Management
Framework and Guidelines
Integrated asset data inventory
and risk-based decision-making
Reviews &
Approvals
EC
WT
Limited cross-sector collaboration
in infrastructure planning
Committee to determine statewide
infrastructure priorities
Independent planning body and
state infrastructure strategy
E C
Major capital investments
reviewed on case by case basis
Robust business cases, funding
allocated to high value investments
Capital investment guidelines and
funding allocation framework
Limited cross-sector collaboration in
the procurement of major projects
State department dedicated to
procurement of major projects
Independent procurement body
and facilitate private investment
W T
Traditional forms of financing like
loans, grants and municipal bonds
Alternative infrastructure
financing models are piloted
Private financing is introduced
through public-private partnerships
Traditional forms of taxation and
user fees utilized as funding source
Funding sources diversified with
deployment of new mechanisms
Funding leverages full asset value
and integrates true cost to serve
WT EC
E CWT
E C
WT E C
Michigan’s infrastructure planning, funding and financing practices are at diverse levels of
maturity across its different infrastructure platforms, when compared to leading practices.
T Transportation Infrastructure W Water Infrastructure E Energy Infrastructure C Communications Infrastructure
10
MICHIGAN INFRASTRUCTURE MATURITY / GAP ASSESSMENT
Executive Summary
11. States are increasingly addressing infrastructure needs more holistically, with greater
emphasis on coordinated planning, asset management and funding high value projects.
Capital
Investment
Lifecycle
Strategy &
Planning
Procurement
Construction
Operations &
Maintenance
Asset Management Framework, Systems & Processes
Coordinated Infrastructure Procurement
Coordinated Infrastructure Planning
Infrastructure Plan Approval
• Design and implement a statewide
Asset Management Framework and
Guidelines.
• Support utilities and local government
with implementation of asset
management practices.
• Build and maintain a statewide Asset
Database with analytics.
• Leverage Federal & State Funds.
• Identify and implement long-term
innovative funding strategies.
• Support financing of major projects.
• Facilitate private investment and the
set up of public-private
partnerships.
• Analyze the statewide
infrastructure priorities to reduce
risk and fuel economic growth.
• Develop a long-term statewide
infrastructure strategy.
• Make infrastructure investment
recommendations to the
Governor and legislature.
• Measure improvements in
performance.
• Design and implement major
capital investment guidelines.
• Release standard business
case analysis template.
• Agree on a capital
prioritization framework to
allocate funding across
statewide needs.
11Executive Summary
MICHIGAN INFRASTRUCTURE PLANNING &
PROCUREMENT FINDINGS
12. 12Executive Summary
It is recommended that Michigan raise current annual infrastructure spending levels by
an additional $4B per year to close the investment gap with the U.S. average.
MICHIGAN INVESTMENT FINDINGS
WaterTransportation Energy Communications
Sources:
(1) Investment Needs & Funding Gaps Defined by Michigan Infrastructure Commission (December, 2016)
(2) Annual Investment Gaps, Michigan vs Great Lakes and U.S. Average, based on Capital Spending data between 2010 – 2014 from the U.S. Census Bureau (see Page 19 of this report for details)
Michigan Infrastructure
Forecast Investment Gaps(1)
• Approximately $2.7B per
year
• Approximately $0.5B per
year
• N/A – largely private
utility funding
• N/A – largely Federal and
private funding
Likely Sources of Funding
• Raise the gas tax
• Pilot VMT tax
• User Fees
• Water Rate Increase
• Water Infrastructure
Replacement Fee
• Energy Rate Increase
• Private Ownership
• Federal Funding
• Private Ownership
Michigan vs Great Lakes
Annual Investment Gap(2)
• Annual Average Capital Spending as a % of Total Spending between 2010-2014 was 2.4% less than the Great Lakes average.
• Michigan would need to increase 2014 annual capital investment levels by $2.5B to match the Great Lakes average.
Michigan vs U.S Average
Annual Investment Gap(2)
• Annual Average Capital Spending as a % of Total Spending between 2010-2014 was 4.2% less than the U.S. average.
• Michigan would need to increase 2014 annual capital investment levels by $4B to match the U.S. average.
Michigan Investment
Recommendations
• Michigan to close the annual investment gap with the U.S. average over 5 years.
• Our research concludes that the minimum Michigan should increase annual infrastructure spending is $4B to close the
Michigan Infrastructure Investment Gap.
13. 1
Low Risk
5
High Risk
2 3 41
Low Value
5
High Value
2 3 4
Expected Value Investment Risk
Compliance / Basic Essential Service /
Public Safety and Well Being at Risk
Alignment with Michigan’s Economic
Goals
Rehabilitation of Aging Infrastructure
Public Demand and Unmet Needs
Other Anticipated Benefits including
Public Visibility, Environmental and
Social Views
Current and Estimated Future Funding
Gap
High Capital Cost and Long-term
Implementation Schedule
Availability of Potential Funding Sources
to Address Funding Gap
Level of Complexity
Reputational Risk, Public and
Stakeholder Support
Building a New
Michigan
Raw
Score
Scales
13Executive Summary
RECOMMENDED INFRASTRUCTURE INVESTMENT
PRIORITIZATION CRITERIA
Based on our experience with implementing capital investment frameworks in public sector
organizations, we recommend the criteria below to assist with the prioritization of funding needs.
14. 5
2 3 4 5
1
1
2
3
4 Dams
Rail
Drinking Water
Airports
Sewer
Bridges Roads [Limiter]
GasExpected
Value
Electricity
Alternative
Energy
Investment
Risk
Mobile
Networks
Telephone
Storm Water
Lowest
Risk
Highest
Risk
Lowest
Value
Highest
Value
Infrastructure
Platforms
Infrastructure
Sub-Categories
Expected
Value
Invest.
Risk
Transportation
Roads 5.0 3.4
Bridges 5.0 3.2
Rail 3.6 4.0
Airports 3.0 3.6
Ports 2.8 3.4
Mobility 3.6 2.4
Water
Drinking Water 4.6 3.4
Sewer 4.2 3.4
Storm Water 4.0 2.6
Dams 4.0 4.4
Energy
Electricity 4.2 3.0
Gas 4.0 2.8
Alternative Energy 3.2 2.2
Communications
Broadband 3.4 1.8
Mobile Networks 3.0 1.8
Telephone 2.2 3.0
Transportation Infrastructure Water Infrastructure
Energy Infrastructure Communications
Infrastructure
Starting Point
‘Quick-Wins’
Plan Now /
Mitigate Risks
Reassess
Investment
Needs
Broadband
Consider
Funding
Alternatives
Ports
Mobility
Michigan’s Infrastructure Investment Index Scoring Results Summary
Note: Size of bubble = relative scale of
estimated annual funding gap.
14Executive Summary
MICHIGAN’S INFRASTRUCTURE INVESTMENT INDEX
Results show that water infrastructure may provide the greatest expected value on
average, however this infrastructure platform also contains the highest level of
investment risk. Roads and bridges are the highest ranked infrastructure sub-categories.
15. Current State of Infrastructure
Planning, Funding & Policy in the
State of Michigan
2
16. 16
PROJECT BACKGROUND – THE CASE FOR CHANGE
The Infrastructure Funding and Policy Strategy is intended to address Michigan’s current
and future infrastructure needs and will also provide the guideposts for political and
business leadership in Michigan to assist the state prepare for future economic growth.
The State of Michigan, like many states
across the country, is currently facing
significant infrastructure challenges. In
2015, Michigan Governor Rick Snyder
signed into law a broad road and bridge
funding package, however many
acknowledge that a more holistic
solution is required to address the
State’s infrastructure needs.
BLM launches a complementary
initiative in March 2016 designed to
identify actions that can be taken to
jump-start infrastructure
improvements, by identifying leading
practices other states or nations have
taken to address their infrastructure
needs and making recommendations
for policy and business leaders
(including finance, policy and
administrative actions).
In response to these high profile infrastructure
issues, Governor Snyder created the 21st
Century Infrastructure Commission in March
2016 as a means of studying the State’s
infrastructure needs and identifying “strategic
best practices to modernize” transportation,
water and sewer, energy and communications
infrastructure in the state so Michigan’s
infrastructure remains safe and efficient now
and into the future.
21st Century Infrastructure Commission
Michigan Infrastructure
Funding and Policy Strategy
Road and Bridge Funding Package
2015 2016
Michigan Water Crisis
Drinking water supply and
infrastructure issues in Flint
culminated in a lead contamination
emergency in 2015 and early 2016.
This issue is still currently being
addressed.
Current State Assessment
17. Public Health and Safety Risks
• Some critical infrastructure at risk of failure.
• Significant under-investment in some basic essential services.
Future Economic Growth Risks
• Soo Locks upgrade required to increase logistics reliability.
• Limited public transportation options in major cities.
• Detroit Airport expansion to leverage undeveloped land.
• Waste water overflows into natural waterways.
• Broadband speed and coverage expansion required to
support economic growth.
Infrastructure Funding Risks
• Infrastructure funding gaps are growing rapidly, potentially
creating a large burden on future generations.
• Limited new sources of funding, increasing the role of private
investment.
Michigan has a major need to rehabilitate deteriorating water, transportation and energy infrastructure.
Communication infrastructure is relatively new and well maintained by the private sector.
Michigan Infrastructure Condition Grades Current State Michigan Infrastructure Related Issues
Infrastructure Types
Michigan
(2009)
U.S.
Average
(2013)
Roads D D
Bridges D C +
Rail D + C +
Aviation C D
Navigation / Ports C – C
Public Transport D + D
Drinking Water D D
Waste Water C D
Storm Water D + D –
Energy C – D +
Communications N/A N/A
Overall D D +
C = Mediocre, Requires Attention
D = Poor, At Risk
Source: American Society of Civil Engineers
CURRENT STATE OF MICHIGAN INFRASTRUCTURE –
PHYSICAL LIMITATIONS
Current State Assessment 17
18. 18
THE NEED TO INVEST IN NEW INFRASTRUCTURE TO
SUPPORT ECONOMIC GROWTH
Business Leaders for Michigan has identified six key assets and opportunities to accelerate the
economy and each infrastructure platform plays a role in driving economic growth.
Six
Assets
Engineering Talent Geographic Location
Higher Education
System
Health & Medical
Expertise
Automotive Industry Natural Resources
Opportunities
Global Engineering
Village
Gateway to the Midwest
Higher Education
Marketplace
Life Sciences Hub Global Center of Mobility
Natural Resources
Economy
Potential
ways to
leverage the
assets
Brand the engineering
sector
●
Grow engineering
education capacity
●
Grow engineering firms
Consolidate logistics base
into Michigan
●
Scale Aerotropolis
●
Invest in strategic trade-
related infrastructure
Strengthen quality,
affordability, productivity
& economic impact
●
Grow university
enrollment
●
Grow industry & university
funded R&D
●
Grow commercialization
of R&D
Create a Hub for bio-
pharmaceutical R&D
●
Become the center for
research, testing &
medical labs
●
Grow medical tourism
Lead in sustainable mobility
&multi-modal systems
●
Lead in vehicle/
infrastructure technology
●
Ensure MI remains a top
three region for global R&D
spending and employment
●
Catalyze growth in advance
and interactive, smart,
connected transportation
Invest in infrastructure
that promotes natural
resources industries
●
Expand & promote MI’s
tourism and outdoor
recreation amenities &
services
●
Focus public and private
R&D activities on
sustain-able natural
resources products and
processes
Current State Assessment
Six Assets and Opportunities to Accelerate Michigan’s Job, Personal Income and Economic Growth
Infrastructure Impacting the Ability to Grow the Economy
Six
Assets
Engineering Talent Geographic Location
Higher Education
System
Health & Medical
Expertise
Automotive Industry Natural Resources
Transport High Impact High Impact High Impact High Impact High Impact High Impact
Water Low Impact Medium Impact Low Impact Medium Impact Medium Impact High Impact
Energy Low Impact Medium Impact Low Impact Medium Impact Medium Impact High Impact
Communic-
ations
High Impact Medium Impact High Impact High Impact High Impact Medium Impact
Source: BLM Building a New Michigan Framework
19. $341
$278
$100
$72
$92
$189
$107
$274
$563
$358
$424
$450
$421
$395
$446
$536
$1,651
$481
$978
$935
$553
$649
$470
$795
New York
Indiana
Illinois
Pennsylvania
Ohio
Wisconsin
Michigan
U.S. Average
New York
Indiana
Illinois
Pennsylvania
Ohio
Wisconsin
Michigan
U.S. Average
New York
Indiana
Illinois
Pennsylvania
Ohio
Wisconsin
Michigan
U.S. Average
EnergyWaterTransportation
There appears to be under-investment in Michigan when compared to similar states and
the U.S. average and this has led to significant current state infrastructure funding gaps.
State and Local Functional Spend per Capita
Annual Average 2010 - 2014
Source: U.S. Census Bureau Note: Chart shows functional spend (Capital Expenditure + Operational Expenditure)
Source: U.S. Census Bureau
State and Local Capital Spend (% of Total Expenditure)
Annual Average 2010 – 2014
19
PEER INFRASTRUCTURE SPENDING COMPARISON
Current State Assessment
Observations
• Michigan had the lowest % capital spend compared to similar states at 6.4%
• Michigan spent 4.2% less than the U.S. Average and would need to
increase (2014) annual capital spending by $4 billion to align
• Michigan spent 2.4% less than the Great Lakes Average and would need to
increase (2014) annual capital spending by $2.5 billion to align
Observations
• Transportation: $325 per capita less than the U.S. average (Ranking: 51st)
• Water: $90 per capita less than the U.S. average (Ranking: 18th)
• Energy: $167 per capita less than the U.S. average (Ranking: 40th)
• Communications spending data not publicly available
11.3%
9.9%
9.8%
9.4%
9.2%
8.5%
6.4%
10.6%
New York
Indiana
Illinois
Pennsylvania
Ohio
Wisconsin
Michigan
U.S. Average
20. 20
RECENT MAJOR INFRASTRUCTURE PROJECTS IN MICHIGAN
Select state agency major capital improvement plans and projects greater than $100M
implemented over the last five years between 2011 – 2016.
Upper Peninsula Region
Northwest
Region
Northeast
Region
West
Region
East
Central
Region
East
Region
South
Central
Region
Southwest
Region
Southeast
Region
Detroit
Metro
Region
Detroit Energy Overhaul
$200M replace and renovate portions
of Detroit’s energy
Freeway Lighting
Freeway Lighting as a public-private
partnership in a $123M investment for
LED lighting
Ann Arbor Solar Farm
$2B total investment in solar
farm completed in 2015
Grand Rapids Stormwater Management System
$37M to upgrade the stormwater management system
Electronic Transmission Infrastructure Power Growth
$2.6B investment to improve grid performance
and reliability and connect new generations
Combined Sewer Overflow (CSO)
$250M investment in CSO in Grand Rapids
$430M to acquire and upgrade passenger rail
between Kalamazoo and Dearborn
Passenger Rail Corridor
Current State Assessment
Detroit Wastewater Treatment Plant
$150M for wastewater treatment
plant process upgrades
I-75 (Rouge) Monroe County
$110M for wastewater treatment plant process upgrades
$254M for new alignment in 2012
Ambassador Bridge Gateway
$124M for reconstruction and
new alignment in 2015
Southfield Freeway
M-231; US-31 NB / I-96 / M-104 Improvements
$151M for new construction (M-231) and reconstruction
$131M reconstruction of M1 to
include rail line
M-1 Rail (Qline)
Blue Water Bridge Toll Plaza
$588M to build a new toll plaza
$285M for reconstruction
and new interchange
I-96 Improvements
Ann Arbor Wastewater Treatment Plant
$235M for modernization and
reconstruction of road and bridges
I-94
Improvements
$218M for
reconstruction and
modernization
$123M for reconstruction and modernization
US-23 Improvements
21. 21
FORECAST MAJOR INFRASTRUCTURE PROJECTS IN MICHIGAN
Select state agency major capital improvement plans and projects greater than $100M
forecasted between 2016 – 2020.
Upper Peninsula Region
Northwest
Region
Northeast
Region
West
Region
East
Central
Region
East
Region
South
Central
Region
Southwest
Region
Southeast
Region
Detroit
Metro
Region
$1B+ for construction of the new lock
could generate as many as 15,000
construction jobs in the eastern
Upper Peninsula
Soo Locks
$195M budgeted for water
infrastructure including replacing
lead pipes
Flint Water Infrastructure
$2B bridge to connect Canada
and Detroit. U.S. and Canadian
Governments are sharing costs in
a public-private partnership
Gordie Howe International Bridge
$901M for 349 projects in 6 years
ranging from water systems to
parking facilities
Ann Arbor Capital Improvements Plan
$144M to create a new 114-megawatt energy
plant in Holland, MI
New Holland Natural Gas Plant
Current State Assessment
Work commences on $1.3B of
modernization and reconstruction
improvements to I-75
I-75 Oakland and Wayne Counties
Work commences on $2.9B of
modernization improvements to I-94
I-94 Wayne County
$1B for consolidation of freight
facilities and rail improvements
Detroit Intermodal Freight Terminal
22. 22
TRANSPORTATION INFRASTRUCTURE –
CHALLENGES & OPPORTUNITIES
Michigan recently raised its gas tax, however the expected future revenues will not be
sufficient to pay for the projected costs to build new and upgrade old transportation assets.
Current State Assessment
Highway Spending - Capital Outlay
(2010 – 2013)
Transportation Infrastructure Spending & Funding Indicators
Transportation Infrastructure Challenges in Michigan Transportation Infrastructure Opportunities in Michigan
State Gas Taxes & Fees (cents per gallon)
(2012 – 2016)
• MDOT is a leader in asset management, a risk management approach that
can also help negotiate political funding for critical infrastructure projects.
• Michigan's rail forms a gateway to the mid-west from Ontario, Canada.
• The Michigan Ports Strategy was recently released in June 2016.
• Detroit Lighting was innovative P3, lower energy costs and better service.
• Michigan Governor is applying pressure to move Soo Locks Upgrade forward.
• Road funding allocations still determined using old and outdated formulas.
• Public transport is heavily subsidized, particularly in the Detroit area.
• Bridges that require funding either structurally deficient or functionally obsolete.
• There are 696 structurally deficient bridges in Michigan, all on local roads.
• Soo Locks are very old and critical to Michigan's logistics industry.
• Estimate about $86.5B necessary over 25 years, doubles current funding level.
20
30
40
50
60
2012 2013 2014 2015 2016
GasTax(Centspergallon)
Illinois Indiana Michigan New York
Ohio Pennsylvania Wisconsin U.S. Average
Michigan Gas Tax Ranking (2016): 18th
$-
$500,000,000
$1,000,000,000
$1,500,000,000
$2,000,000,000
$2,500,000,000
$3,000,000,000
2010 2011 2012 2013
HighwayCapitalOutlay($)
Michigan Great Lakes Average U.S. Average
Michigan Highway Spending Ranking (2013): 25th
Source: U.S. Census Bureau Note: Rates do not include the 18.40 cent/gallon federal excise tax on gas
Source: Taxfoundation.org
23. $200
$250
$300
$350
$400
$450
$500
US AVG MI IL WI IN OH PA
Municipal or Local Government Owned Private or Investor Owned
23
WATER INFRASTRUCTURE – CHALLENGES & OPPORTUNITIES
There is limited data available on Michigan’s aging underground water infrastructure
network and investment levels appear to be lower than other infrastructure platforms.
Current State Assessment
Water Infrastructure Challenges in Michigan Water Infrastructure Opportunities in Michigan
Water Infrastructure Spending & Funding Indicators
Drinking Water State Revolving Fund Allotments
(2011 EPA 20-Year Drinking Water Needs Survey)
Annual Household Water Bill
of Public and Private Utilities
(2009)
Source: U.S. Environmental Protection Agency Source: Foodandwaterwatch.org
• Create uniform standards and funding mechanisms to replace failed systems.
• Improve water asset data inventory, particularly for storm water assets.
• Investigate application of MDOT Asset Management Framework to water assets.
• Maximize Federal Loan Programs for water projects e.g. About $800B Federal
money has been delivered to roads/bridges and only $500M to water.
• Analyze the true cost to serve water customers and potentially adjust rates.
Michigan Water Bill Ranking (2009): 16th
• Limited water asset data inventory due to old underground infrastructure. Aged
lead lines are a major issue in parts of the State.
• Water pricing may not incorporate full cost to serve customers, including cost
to rehabilitate or replace aging infrastructure.
• Private wells are often abandoned, improperly constructed, and contaminated
from groundwater runoff. Can lead to contamination of local waterways.
• Estimate about $1.2B - $1.5B annual underinvestment in water infrastructure.
4.8%
3.2%
1.6%
4.2%
2.8%
1.7%
3.1%
2.7%
1.9%
$0.0
$10.0
$20.0
$30.0
$40.0
$50.0
$60.0
0.0%
1.0%
2.0%
3.0%
4.0%
5.0%
6.0%
NY PA IN IL OH WI MI Great
Lakes
Average
U.S.
Average
20-YearDrinkingWaterNeeds$B
%ofFundsAvailabletoStates
Michigan DWSRF Allotment Ranking (2016): 7th
24. 24
ENERGY INFRASTRUCTURE – CHALLENGES & OPPORTUNITIES
A large majority of Michigan’s electricity and gas infrastructure assets are managed by
private utilities.
Current State Assessment
Energy Infrastructure Challenges in Michigan Energy Infrastructure Opportunities in Michigan
Energy Infrastructure Spending & Funding Indicators
CapEx Incremental Investment: Electricity & Natural Gas
(2012 - 2015)
Note: Values are capital expenditures by DTE Energy & Consumers Energy are are approximate
Source: Michigan Agency for Energy, Michigan Public Service Commission, May 2016
• Vital to repair and replace energy assets due to the direct connection between
electricity and water as well as communications.
• There is an opportunity to fund natural gas pipelines at same time with water,
sewer pipelines, roads and communications assets.
• Modern technological updates in energy e.g. smart meters to analyze outages.
• Onshore wind and solar are becoming more economical and cost effective.
• Increasing disruption to power supply in recent years from weather so system
resilience and building in redundancy are critical.
• Many providers across the State.
• Difficult for Michigan to lean on other states for power, geography is a limitation.
• Michigan has many high risk cast iron lines, 30 year cycle before all is replaced.
• Closing a number of power generation units due to new environmental standards.
$0.0
$0.2
$0.4
$0.6
$0.8
$1.0
$1.2
$1.4
$1.6
$1.8
$2.0
Generation Distribution Storage Transmission Distribution
Electricity Natural Gas
CapExIncrementalInvestment:
Electricity&NatualGas($B)
2012 2013 2014 2015
0%
20%
40%
60%
80%
100%
120%
Michigan
(2015)
U.S. Average
(2015)
ShareofHousehold(%)
Natural Gas Fuel Oil Electricity Liquefied Petroleum Gases Other/None
Energy Source Used for Home Heating (Share of Households)
(2015)
Source: U.S. Energy Information Administration (EIA)
25. 25
COMMUNICATIONS INFRASTRUCTURE – CHALLENGES & OPPORTUNITIES
Michigan’s communications assets are relatively new and the highest priorities right now
are improving school and public access to high speed internet and new technology.
Current State Assessment
Communications Infrastructure Challenges in Michigan Communications Infrastructure Opportunities in Michigan
Communications Infrastructure Spending & Funding Indicators
Household Broadband Download Speeds
(2015)
Household Broadband Penetration
(2015)
Source: Connect Michigan, National Broadband Map
• Technology boom has only been the last 20 years, so very new infrastructure.
• Copper infrastructure encourages companies to switch to fiber due to
maintenance costs.
• Opportunity to become a national leader in communications innovation,
particularly if Michigan is to lead autonomous vehicles, smart highways.
• What speeds and accessibility levels are appropriate for Michigan?
• Broadband is 90% is privately owned and only present in parts of the State.
• There are about 145 private providers and schools are Federally funded.
• Access on phone can be faster than home connection.
• Long-term communications goals for Michigan are currently unclear e.g. is it
100MB universal access and then where are the gaps?
• Assets often built in isolation, limited coordination with other infrastructure types.
95.2%
88.0%
82.8%
93.6%
86.4%
66.6%
92.9%
85.3%
64.8%
60.0%
65.0%
70.0%
75.0%
80.0%
85.0%
90.0%
95.0%
100.0%
10 Mbps / 1 Mbps 25 Mbps / 3 Mbps 100 Mbps / 3 Mbps
Michigan Great Lakes Average U.S. Average
Source: Connect Michigan, National Broadband Map
81.9%
92.9%
80.1%
72.0%
87.8%
71.9%
60.0%
65.0%
70.0%
75.0%
80.0%
85.0%
90.0%
95.0%
Percent of Households with
Access to at Least Two
Carriers (10 Mbps / 1 Mbps)
Percent of Rural Households
with 10 Mbps / 1 Mbps
Available
Percent of Rural Households
with 25 Mbps / 3 Mbps
Available
Michigan Great Lakes Average
27. The project scope included a review of Michigan infrastructure data, industry stakeholder interviews,
Infrastructure Commission workshops and a global review of leading practices.
Energy Communications
WaterTransportation
• Roads
• Bridges
• Rail
• Airports
• Drinking Water
• Dams
• Sewer
• Storm Water
• Electricity
• Gas
• Alternative Energy
• Fixed Broadband
• Mobile Networks
• Telephone
1 Michigan Infrastructure
Data Review
Deloitte Infrastructure
Expert Interviews
Global & U.S. Leading
Practices Research
BLM / Infrastructure
Commission Workshops
Infrastructure Industry
Expert Interviews
Project Focus: Infrastructure Planning, Funding and Financing in the State of Michigan
Infrastructure in Scope Project Approach Study Inputs
2
3
4
5
30 Industry Experts Interviewed
15 U.S. Locations Researched
15 Global Locations Researched
19 Leading Practices Identified
28 Leading Practice Case Studies
PROJECT SCOPE & METHODOLOGY
27Leading Practices Research
28. 28
LEADING PRACTICE RESEARCH & ANALYSIS PLAN –
OVERVIEW
The recommended strategies are based on a combination of existing Michigan data,
stakeholder interviews, Commission workshops and a global review of leading practices.
Research Guiding Elements Research & Analysis Approach
1 2 3 4
Capture all of the
existing relevant
data available
from State of
Michigan Agencies
on the current
state of Michigan’s
infrastructure
Preliminary
Data Request
Stakeholder
Interviews
Gain additional
qualitative data and
insights on current
state challenges
and opportunities
during interviews
with key project
stakeholders
Final Data
Request
Create a final
data request
following
discussions
about available
data in
stakeholder
interviews
U.S. Leading
Practices
Research
Research
strategies
deployed by Great
Lakes states, then
look at other U.S.
states with similar
characteristics to
Michigan
5 Global Leading
Practices
Research
Research
strategies
deployed by
nations or states
with similar
characteristics to
Michigan
6 BLM /
Commission
Workshops
Test research and
analysis findings with
the Infrastructure
Commission to
confirm applicability
and gain additional
insights
7 Data
Analysis
Complete high level
and discrete pieces
of analysis as
required to evaluate
current state and to
determine viability
of strategies
8
Summarize and
prioritize
recommended
strategies based on
alignment with
overarching vision
for State of Michigan
Recommended
Strategies
• Innovative Solutions – search
for creative and recent
infrastructure planning, funding
and policy solutions that have
been recognized as leading
practice.
• Holistic Solutions – search
for solutions that have been
designed to address multiple
issues across different
infrastructure categories.
• Successful Solutions –
search for solutions that have
been proven to be successful
in dealing with challenges
related to specific infrastructure
categories.
• Applicability to Michigan –
search for solutions that align
with current state infrastructure
issues in Michigan (see next
page for benchmark
locations)
Leading Practices Research
29. 29
LEADING PRACTICES RESEARCH & ANALYSIS PLAN –
BENCHMARK LOCATIONS
The initial search for solutions focused largely on the 30 benchmark locations outlined
below, so that the research process and applicability to Michigan could be streamlined.
Similar
Infrastructure
Similar
Economy
Infrastructure
Spend
Infrastructure
Grade
Innovative
Infrastructure
Description Similar Infrastructure
Assets
Economic
Competitors
Largest %
Infrastructure Spend
Best Quality
Infrastructure
Most Innovative
Infrastructure
Comparison Peers Peers Leading Leading Leading
Latest
Measures
Infrastructure
Categories
Industries
Present
% Capital Investment
of Total Spend
Infrastructure
Condition Grades
Presence of Tech
Region USA
Rank - #1 Illinois Tennessee South Dakota Colorado New York
Rank - #2 Indiana Georgia North Dakota Utah California
Rank - #3 Ohio Alabama Alaska Texas Florida
Data Sources
BLM Benchmarking
Report
BLM Benchmarking
Report
U.S. Census Bureau
Data (2013)1
ASCE Reports
(2013)3
100 Most Innovative
Infrastructure Projects5
Region Global
Rank - #1 Ontario, Canada Sunderland Region,
North-East England
France Hong Kong, China London, UK
Rank - #2 Quebec, Canada Lower Saxony,
Germany
Switzerland Singapore, SE
Asia
Rotterdam, The
Netherlands
Rank - #3 New South Wales,
Australia
Shiga Prefecture,
Japan
Germany United Arab
Emirates
Barcelona, Spain
Data Sources Internet Research –
Similar Infrastructure
Internet Research-
Manufacturing Hubs
Standard & Poor’s
Report (2015)2
World Economic
Forum Report (2015)4
100 Most Innovative
Infrastructure Projects5
Region Rest of the World
– additional locations will be identified as required through further research & interviews with Subject Matter Experts.
Notes: 1 Census Bureau data on capital spending include the costs of construction and of the purchase of buildings, equipment, and land and of major alterations.
2 Standard & Poor’s Ratings Services, Global Infrastructure Investment Report, 2015.
3 Latest U.S. American Society of Civil Engineers Report Card by State utilized from 2013.
4 World Economic Forum Global Competitiveness Report, 2014-15.
5 KPMG 100 Most Innovative Projects, World Cities Edition, 2012. Leading Practices Research
30. 30
LEADING PRACTICE OBSERVATIONS – OVERALL SUMMARY
Our leading practice research has shown that State Governments are increasing their focus on key
elements of the capital investment lifecycle to direct funds towards high value, high risk projects.
Capital
Investment
Lifecycle
Strategy &
Planning
Procurement
Construction
Operations &
Maintenance
Infrastructure Asset Management Framework, Systems & Processes
Infrastructure Delivery Body
Infrastructure Planning Body
Infrastructure Plan Approval
• Focus is on high value and high risk needs.
• Typically a multi-sector view.
• Traditionally coordinated by in-house state
department, however control is recently being
transferred to an independent statutory authority to
coordinate integrated planning efforts.
• This move is designed to remove political influence
over infrastructure planning processes and to increase
transparency to investment decision-making process.
• Independent statutory authority completes a long-term
20-30 year infrastructure plan and tables high priorities
for the state.
• A capital investment framework is typically used to
prioritize recommendations.
• Coordinating body liaises with relevant state agencies
and regional representatives on infrastructure needs.
• Plan is typically updated every 5 years.
• Planning process includes economic development
indicators and statistics.
• State citizens are engaged in development of the plan.
• State Government reviews and challenges long-term
infrastructure plan priorities and recommendations.
• Final approval of the long-term infrastructure plan is
retained by the State Government.
• State Government decides how much funding to
commit to the plan and execution timing.
• State Government reviews and approves major
projects as they are developed and progress through
a pre-defined state gate process.
• Focus is on high value and high risk needs.
• Can be either a multi-sector or sector specific view.
• Traditionally coordinated by in-house state department,
however control is recently being transferred to an
independent statutory authority to coordinate infrastructure
financing, identify alternative funding sources, encourage
private investment activity and realize expected benefits.
• If sector specific, delivery body can sit within the relevant
state department.
• Set up of a delivery body can send a signal to the markets
that public-private partnerships are a priority.
• A delivery body can coordinate sale of assets in addition to
construction of new assets.
• Coordinated organizational activities designed to realize the full value of assets over the
whole lifecycle, from monitoring asset performance, identifying investment needs,
rehabilitation of old assets, construction of new assets to ongoing maintenance.
• State Governments are designing and implementing standard frameworks, systems and
processes for asset management activities to ensure a coordinated approach.
• A coordinated approach can be used to manage large and small assets, to capture and
analyze asset data and to develop investment priorities in a consistent manner.
• Adherence to asset management standards can provide
the State Government with assurance that state
agencies and municipalities understand the current
make-up, condition and risks of their asset base and that
capital investment priorities being put forward for
evaluation have been prioritized based on asset value
and risk.
Leading Practices Research
31. 31
LEADING PRACTICE OBSERVATIONS –
INFRASTRUCTURE PLANNING AND COORDINATION
Leading Practices Description High Level Examples Case Studies
Long-Term
Infrastructure Needs
Preparing and publishing a long-term Infrastructure Strategy at the State Government level,
detailing short, medium and long term infrastructure needs and priorities. Collective view across
broad range of infrastructure categories, which is extending to include social infrastructure. Refresh
the strategy every 5 years and engage the public as a key stakeholder to provide feedback on plan.
• State infrastructure strategies and plans.
• Long-term planning horizon 30 years.
• Typically 5-year update cycle.
• Broader definitions of infrastructure.
• Online interactive infrastructure maps.
• UK National
Infrastructure Plan.
• New York Works Task
Force.
Coordinating Bodies Creation of an independent statutory authority to provide expert research and advice to
governments on infrastructure needs, planning priorities and to assist with the development of
project procurement in cooperation with private investors. These coordinating bodies are often led
by a board comprising members from both the private and public sectors.
• Dedicated Independent Infrastructure
Bodies in Australia and Canada.
• Detailed business case reviews and
investment advice to government.
• Bundling projects together for private
investment.
• Infrastructure Victoria.
• Infrastructure Ontario.
Infrastructure Asset
Management
Frameworks &
Processes
Cascading Infrastructure Asset Management Frameworks & Guidelines from State Government
down to Municipal level to set standards for asset inventory data collection and risk based asset
planning / capital expenditure program decision-making.
• Asset Management Program Mandates.
• Regulators enforcing global standard for
asset management ISO-55000.
• Michigan Transportation Asset
Management Council.
• Asset Management in
Australia.
• Ontario’s Rural Asset
Management Plan.
Capital Investment
Decision-Making
A capital investment framework is becoming more common at the state government level as a tool
for scoring of projects by value and risk and this process allows an infrastructure investment
committee to assess, rank and prioritize projects across different infrastructure types. With the
limited availability of funding, there is becoming an increasing need to consider the economic
returns when selecting our infrastructure investments and to prioritize high return investments.
A capital investment framework can be a powerful and transparent approach to overcome political
interests, focus on critical priorities and to balance the overall portfolio of projects, particularly the
competing priorities between rehabilitating existing infrastructure vs. investing for economic growth.
• Capital investment framework developed
collaboratively by key state government
stakeholders and published online for the
public to view and provide feedback.
• State-wide capital investment guidelines.
• Virginia DOT Smart
Scale Program.
Incentives for
Coordination
Creating incentives to encourage greater collaboration between infrastructure planning agencies
and utilities so that productivity/efficiency gains can be achieved.
Also consider incentivizing industries and organizations to become more efficient at spending
infrastructure funding by reviewing operational performance and also seeking opportunities to
achieve industry consolidation to ease burden on smaller utilities.
• Reward organizational operational
efficiency gains with grants or funding.
• Regionalize or integrate services between
large and small utilities.
• Synchronization of state-wide project
permitting and reviews/approvals.
• Encourage industry collaboration.
• Connecticut Regional
Performance Incentive
Program.
Regulatory Reform Regulatory reform can also unlock better usage of existing infrastructure and use of multi-sectoral
long term strategies can reduce complexity and time between planning and implementation. Rates
are regulated and asset/risk management standards are enforced by public utility commissions.
• Reducing infrastructure demand
• Policies that enable full or partial private
ownership of assets.
• South Africa Renewable
Energy.
Innovative infrastructure planning and coordination practices can be deployed to increase
accountability, transparency and collaboration in major asset investment and delivery decisions.
Leading Practices Research
32. 32
LEADING PRACTICE OBSERVATIONS – INFRASTRUCTURE
FUNDING SOURCES
Leading Practices Description High Level Examples Case Studies
Direct/Indirect Taxation
Revenues
Use of direct or indirect taxation as a payment of funds for the use of infrastructure. Many states
in the U.S. have found it difficult to gain approval to raise taxes as a method for paying for
infrastructure in previous years, however public appetite seems to be improving.
• Many states targeting an increase in the
gas tax to pay for roads and bridges.
• NJ & Illinois Gas Tax,
Oregon Vehicle Miles
Traveled Tax.
User Fees User fees allow cities and other local jurisdictions to impose fees to cover the cost associated
with funding services and enhancements to increase the quality of life and cover administrative
and regulatory processes.
• Create road user license fees.
• Congestion pricing.
• Road usage surcharges.
• Transportation Pricing in
Colorado.
Full-Cost Pricing Consider appropriate pricing of related/substitute infrastructure services such as public transport
which is currently subsidized, to enable ongoing funding while at the same time meeting
social/equity objectives.
• Water utility pricing and/or public
transport pricing may be subsidized.
• Incorporating the full cost to serve
customers, including the upgrade of
aging and failing infrastructure.
• DC Water System
Replacement Fee.
Land Value Capture Land Value Capture is a way to capture the increase in the value of land and development
generated by the improved accessibility of transportation. Improved access has value which is
reflected in land and property values just like property which has waterfront views.
• Added value generated around the
development of transit stations.
• Metrolinx Land Value
Capture in Toronto.
Infrastructure Leasing Also known as “asset recycling”. A state or local government leases (for 50 to 99 years) existing
revenue-producing infrastructure assets (airports, seaports, toll roads, electric utilities,
transmission grids, etc.) to investment funds and pension funds—and uses the proceeds from the
lease to pay for needed new infrastructure projects.
• Use funds from long-term leases to pay
for other asset investments e.g. cash
from port sale into rail.
• Rebuilding NSW in
Australia.
Partial Asset Sales Some assets may show potential for capital reform should certain criteria be met such as a
materiality threshold, overall utilization, operating costs, condition rating and if there is a
precedent for treatment of similar assets.
• Full or partial sale of land or other public
assets.
• Sale of obsolete ports to developers.
• Port Covington
Redevelopment in
Baltimore.
Full Privatization of
Infrastructure
Transfer of public companies to private owners and operators as a method for increasing
efficiency and creating competition in a particular sector.
• Introduction of Independent Power
Producers to create competition.
• Private ownership of water assets.
• UK Water Industry
Privatization.
Infrastructure funding sources are government cash flows that can be used to support the
construction and operation of infrastructure via the repayment of infrastructure financing.
Leading Practices Research
33. 33
LEADING PRACTICE OBSERVATIONS – INFRASTRUCTURE
FINANCING STRATEGIES
Leading Practices Description High Level Examples Case Studies
Federal Grants & Loans The federal government funds highway construction primarily with grants, while it
subsidizes drinking water and wastewater projects with low-interest loans. The Federal-Aid
Highway Program (FAHP) funds a large majority of the costs for Interstate System and
non-Interstate System projects with states covering the remaining costs. Administered at
the state level, the EPA’s Drinking Water State Revolving Fund (DWSRF) and Clean Water
State Revolving Fund (CWSRF) provide low interest loans for drinking water and
wastewater infrastructure projects.
• TIFIA (Transportation Infrastructure
Finance and Innovation Act)
• WIFIA (Water Infrastructure Finance
and Innovation Act)
• RRIF (Railroad Rehabilitation &
Improvement Financing)
• Water State Revolving Funds (SRFs)
• Texas Central High Speed Rail.
State Infrastructure
Banks
Infrastructure banks provide low-interest loans to help fund projects in the State with the
overarching objectives of leveraging State and Federal funds, accelerating priority projects,
driving economic development and assisting local government needs. The banks can be
set up with a focus on supporting projects in one particular infrastructure sector or they can
also have a multi-sector focus.
• Low-interest loans from Federal and
State sources for transportation and
water projects.
• California & Pennsylvania
Infrastructure Banks.
Infrastructure Bonds Infrastructure bonds are borrowings to be invested in government funded infrastructure
projects. They are issued by governments or government authorized infrastructure
companies or non- banking financial companies. New types of infrastructure bonds
designed with environmental incentives are becoming more common in the U.S. market.
• Tax-exempt municipal bond market
that is unique to the U.S.
• Direct pay taxable bonds (Build
America Bonds or BABs)
• Tax-exempt qualified Private Activity
Bonds (PABs)
• Green Infrastructure Bonds.
• DC Water Green Bonds.
Public Private
Partnerships
Public Private Partnerships (PPPs) are agreements between a public agency (federal,
state, or local) and a private-sector entity that uses the specific skills and assets of each
sector and balances the project risks between all parties. Fundamentally, a PPP is the
payment of a lump-sum to the public entity in exchange for the stream of future revenues.
• Many toll roads are built and operated
as PPPs.
• Some bridges, airports, water and
energy assets are also redeveloped as
PPPs.
• PPPs typically involve private company
investors (contractors / operators),
private equity infrastructure funds
and/or institutional investors.
• Virginia & Florida Road PPPs.
• Detroit / Canada Bridge PPP.
• Pennsylvania Rapid Bridge
Replacement PPP Program.
• Bayonne, NJ Water PPP.
• Denver Airport Link PPP.
Special Purpose
Infrastructure Providers
Setting up a brand new infrastructure operating company specifically to build, operate and
own major infrastructure. Levering private money to finance major infrastructure and
funding it under a regulated environment.
• A unique infrastructure financing model
was recently developed for the Thames
Tideway Tunnel project in London, UK.
• Thames Tideway Tunnel, London.
Other Sources of
Private Capital
Direct private investment in infrastructure is increasing and other sources of private capital
include; venture capital funds, seed capital from crowdfunding and investments from
private companies with an interest in developing specific infrastructure.
• Venture capital funds.
• Crowdfunding.
• Private developers.
• Alaska Water & Sewer Challenge.
• Missouri Solar Road Crowdfunding.
• LinkNYC Wi-Fi.
Infrastructure financing strategies are the debt and equity investments that can be made to pay for
projects now, but are then repaid with a minimum return using cash flows over the life of the asset.
Leading Practices Research
34. 34
LIST OF SUPPORTING CASE STUDIES (1/2)
# Case Studies* Leading Practice Description
1 UK National Infrastructure Plan Long-Term
Infrastructure
Needs
• The National Infrastructure Plan sets out what will be built and where, focusing specifically on nearly £300 billion
that will be delivered over the next 5 years to 2020-21. It also includes housing & social infrastructure.
2 New York Works Task Force
• The task force brings together finance, labor, planning and transportation professionals to coordinate a
statewide infrastructure plan and strategic allocation of capital investment funds.
3 Infrastructure Victoria
Coordinating
Bodies
• Once established, Infrastructure Victoria will be required to publicly release a 30-year Infrastructure Strategy
detailing short, medium and long-term infrastructure needs and priorities. It will be updated every 5 years.
4 Infrastructure Ontario
• Infrastructure Ontario is an Independent Infrastructure Authority set up to build, manage, finance, and enhance
the value of Ontario public assets. There is a strong focus on procurement through public-private partnerships.
5
Infrastructure Asset Management in
Australia Infrastructure Asset
Management
Frameworks &
Processes
• Pressure to prioritize capital and operating budgets with limited funding and the increasing risks from an aging
asset base are the largest drivers of asset management frameworks in Australia.
6
Ontario’s Rural Asset Management
Plan
• The governments of Canada and Ontario launched an Asset Management Program component of the Canada-
Ontario Municipal Rural Infrastructure Fund. An investment of up to $6 million to help eligible municipalities and
Local Service Boards with asset management planning and capacity building.
7 Virginia DOT Smart Scale Program
Capital Investment
Decision-Making
• In 2014, Virginia changed the way transportation projects are selected. Political wish lists have been replaced
with an objective, data-driven and transparent decision process, making the best use of limited state funding.
8
Connecticut Regional Performance
Incentive Program
Incentives for
Coordination
• The State of Connecticut’s Office of Policy and Management administers a State Grant program to help
municipalities reduce costs through the regionalization of services.
9
South African Renewable Energy
Independent Power Producers
Regulatory Reform
• The Renewable Energy IPP Program is a flagship program through which a total of 4,322MW has been
procured in less than four years to reduce reliance on fossil fuels and stimulate the renewable energy industry.
10
NJ & Illinois Gas Tax & Oregon
Vehicle Miles Traveled (VMT) Tax
Direct Taxation
• New Jersey currently considering cut to sales tax by 1 percentage point for raising the gas tax by 23 cents per
gallon. Illinois currently considering a 30 cents per gallon hike. Oregon is piloting a voluntary VMT tax which has
technology installed to record sum of distances traveled by all vehicles in a specified system of highways.
11 Transportation Pricing in Colorado User Fees
• Colorado’s ‘FASTER’ Program generates $200m per year for state transportation projects to counter a low gas
tax and increase in fuel efficient vehicles. Funds are from registration fees, bridge surcharges and rental fees.
12
Washington DC Water System
Replacement Fee
Full-Cost Pricing
• In 2015, DC water implemented a new charge to help pay for repairing and replacing the city’s aging water
pipes, which expected to generate $40m annually and is based the size of pipes serving homes and businesses.
13
Metrolinx Land Value Capture in
Toronto, Canada
Land Value Capture
• This project recognizes that improved connectivity from new transit systems and facilities generates increased
land and development value and that a portion of this increased value should go towards funding the project.
14
‘Rebuilding NSW’ Asset Recycling
in Australia
Infrastructure
Leasing
• Asset recycling is a new, efficient form of financing which is monetizing old assets to pay for the new. NSW,
leased part of electricity network to raise money for infrastructure development fund. Process repeats over time.
* Note: Please refer to the Appendix for the Supporting Case Studies
Leading Practices Research
35. 35
LIST OF SUPPORTING CASE STUDIES (2/2)
# Case Studies* Leading Practice Description
15
Port Covington Redevelopment,
Baltimore
Partial Asset Sales
• Under Armour Inc. has launched plans to redevelop 266 acres from a former industrial site to a major multi-use
waterfront destination. A mix of private investment and federal government TIF bonds are being considered.
16
UK Water Industry – Privatization &
Regulatory Framework
Full Privatization of
Infrastructure
• The ownership and management of water and wastewater assets in England & Wales was privatized in 1989.
Water companies invested £17bn in the 6 years after privatization, compared to £9.3bn in the previous 6 years.
17 Texas Central High Speed Rail
Federal Grants &
Loans
• The Dallas-to-Houston project has raised $75m from private investors for feasibility studies and will consider a
mix of private and existing Federal credit assistance such as RRIF or TIFIA loans to fund the $10bn project.
18
California, Pennsylvania, Chile &
Asian Infrastructure Banks
State Infrastructure
Banks
• The California bank is the only multi-sector bank in the U.S and has loaned out more than $37bn since 1994.
The Pennsylvania bank is a PennDOT program that provides low-interest loans to transportation projects. The
Asian bank is multi-sector and multi-country and Chile will soon set up a bank to promote PPPs in the country.
19
Green Bonds Program at
DC Water
Infrastructure Bonds
• DC Water issued $350m in taxable, green century bonds in 2014 to finance a portion of the $2.6bn DC Clean
Rivers project, a deep tunnel system to significantly reduce combined sewer overflows to area waterways.
20
Toll Road PPPs in Virginia &
Florida
Public-Private
Partnerships
(PPPs)
• Federal law prohibits states from tolling existing interstate highways, except when states expand the system like
the recent construction and tolling of High Occupancy Toll (HOT) express lanes in Virginia, Florida & Texas.
21
Detroit / Canada Bridge Crossing
PPP
• Design, construction, finance, operation and maintenance of the $3bn international bridge crossing and tolling
plazas are being bid out under PPP models for 40-50 year concessions to be reimbursed by future bridge tolls.
22
Pennsylvania Rapid Bridge
Replacement PPP Program
• A PPP project recently awarded by PennDOT to address the state’s ~4,000 structurally deficient bridges. The
consortium will replace 558 aging bridges by end of 2017, mostly are on smaller state highways in rural areas.
23
Bayonne, NJ Water Utility Private
Equity
• The financially stressed Bayonne Municipal Utilities Authority entered into a long-term concession agreement
with KKR (private equity) and United Water to fund significant investments into aging water and sewer systems.
24 Denver Airport Link PPP
• The nation’s first PPP for commuter rail by Denver Transit Partners recently opened its new commuter lines to
the public – the 23-mile University of Colorado A Line running between Denver and the international airport.
25
Thames Tideway Tunnel Financing
Vehicle in London, UK
Special Purpose
Financing Vehicle
• A major sewer project that will reduce overflows into the Thames River has been funded through a special
financing company off balance sheet and this entity will assume ownership of the sewer once complete in 2023.
26 Alaska Water & Sewer Challenge
Other Sources of
Private Capital
• The Department of Environmental Conservation in coordination with tribal, state and federal agencies is leading
a research and development effort to find more affordable ways to deliver drinking water and sewage disposal
services in rural areas, including the potential invention of innovative decentralized water system solutions.
27
Solar Road Crowdfunding in
Missouri
• Missouri’s transportation department is installing energy generating photovoltaic pavers developed by solar
roadway inventors along a section of Route 66 and is launching a crowdfunding campaign to support the pilot.
28 LinkNYC Wi-Fi
• A first-in-kind communications network that will replace 7,500 pay phones with new structures called “Links”
providing fast, free public Wi-Fi. The program is funded by digital advertising, raising $500m a year for NYC.
* Note: Please refer to the Appendix for the Supporting Case Studies
Leading Practices Research
37. “Average” “Good” “Leading Practice”
Asset
Management
Practices
Coordinated
Infrastructure
Planning
Coordinated
Infrastructure
Procurement
Financing
Strategies
Funding
Mechanisms
W T
Limited asset data
collection and analytics
Statewide Asset Management
Framework and Guidelines
Integrated asset data inventory
and risk-based decision-making
Reviews &
Approvals
EC
WT
Limited cross-sector collaboration
in infrastructure planning
Committee to determine statewide
infrastructure priorities
Independent planning body and
state infrastructure strategy
E C
Major capital investments
reviewed on case by case basis
Robust business cases, funding
allocated to high value investments
Capital investment guidelines and
funding allocation framework
Limited cross-sector collaboration in
the procurement of major projects
State department dedicated to
procurement of major projects
Independent procurement body
and facilitate private investment
W T
Traditional forms of financing like
loans, grants and municipal bonds
Alternative infrastructure
financing models are piloted
Private financing is introduced
through public-private partnerships
Traditional forms of taxation and
user fees utilized as funding source
Funding sources diversified with
deployment of new mechanisms
Funding leverages full asset value
and integrates true cost to serve
WT EC
E CWT
E C
WT E C
Michigan’s infrastructure planning, funding and financing practices are at diverse levels of
maturity across its different infrastructure platforms, when compared to leading practices.
T Transportation Infrastructure W Water Infrastructure E Energy Infrastructure C Communications Infrastructure
37
MICHIGAN INFRASTRUCTURE MATURITY / GAP ASSESSMENT
Executive Summary
38. States are increasingly addressing infrastructure needs more holistically, with greater
emphasis on coordinated planning, asset management and funding high value projects.
Capital
Investment
Lifecycle
Strategy &
Planning
Procurement
Construction
Operations &
Maintenance
Asset Management Framework, Systems & Processes
Coordinated Infrastructure Procurement
Coordinated Infrastructure Planning
Infrastructure Plan Approval
• Design and implement a statewide
Asset Management Framework and
Guidelines.
• Support utilities and local government
with implementation of asset
management practices.
• Build and maintain a statewide Asset
Database with analytics.
• Leverage Federal & State Funds.
• Identify and implement long-term
innovative funding strategies.
• Support financing of major projects.
• Facilitate private investment and the
set up of public-private
partnerships.
• Analyze the statewide
infrastructure priorities to reduce
risk and fuel economic growth.
• Develop a long-term statewide
infrastructure strategy.
• Make infrastructure investment
recommendations to the
Governor and legislature.
• Measure improvements in
performance.
• Design and implement major
capital investment guidelines.
• Release standard business
case analysis template.
• Agree on a capital
prioritization framework to
allocate funding across
statewide needs.
38Executive Summary
MICHIGAN INFRASTRUCTURE PLANNING &
PROCUREMENT FINDINGS
39. It is recommended that Michigan raise current annual infrastructure spending levels by
an additional $4B per year to close the investment gap with the U.S. average.
39
MICHIGAN INVESTMENT FINDINGS
Executive Summary
WaterTransportation Energy Communications
Sources:
(1) Investment Gaps Defined by Michigan Infrastructure Commission (December, 2016)
(2) Annual Investment Gaps, Michigan vs Great Lakes and U.S. Average, based on Capital Spending data between 2010 – 2014 from the U.S. Census Bureau (see Page 19 of this report for details)
Michigan Infrastructure
Forecast Investment Gaps(1)
• Approximately $2.7B per
year
• Approximately $0.5B per
year
• N/A – largely private
utility funding
• N/A – largely Federal and
private funding
Likely Sources of Funding
• Raise the gas tax
• Pilot VMT tax
• User Fees
• Water Rate Increase
• Water Infrastructure
Replacement Fee
• Energy Rate Increase
• Private Ownership
• Federal Funding
• Private Ownership
Michigan vs Great Lakes
Annual Investment Gap(2)
• Annual Average Capital Spending as a % of Total Spending between 2010-2014 was 2.4% less than the Great Lakes average.
• Michigan would need to increase 2014 annual capital investment levels by $2.5B to match the Great Lakes average.
Michigan vs U.S Average
Annual Investment Gap(2)
• Annual Average Capital Spending as a % of Total Spending between 2010-2014 was 4.2% less than the U.S. average.
• Michigan would need to increase 2014 annual capital investment levels by $4B to match the U.S. average.
Michigan Investment
Recommendations
• Michigan to close the annual investment gap with the U.S. average over 5 years.
• Our research concludes that the minimum Michigan should increase annual infrastructure spending is $4B to close the
Michigan Infrastructure Investment Gap.
40. 40
INFRASTRUCTURE INVESTMENT PRIORITIZATION
CRITERIA
Based on our experience with implementing capital investment frameworks in public sector
organizations, we recommend the criteria below to assist with the prioritization of funding needs.
1
Low Risk
5
High Risk
2 3 41
Low Value
5
High Value
2 3 4
Expected Value Investment Risk
Compliance / Basic Essential Service / Public
Safety and Well Being at Risk
Alignment with Michigan’s Economic Goals
Rehabilitation of Aging Infrastructure
Public Demand and Unmet Needs
Other Anticipated Benefits including Public
Visibility, Environmental and Social Views
Current and Estimated Future Funding Gap
High Capital Cost and Long-term
Implementation Schedule
Availability of Potential Funding Sources to
Address Funding Gap
Level of Complexity
Reputational Risk, Public and Stakeholder
Support
Building a New
Michigan
Notes:
Each value & risk
criteria is assigned
an agreed
weighting that
reflects the critical
priorities of the
organization and its
key stakeholders.
Right now we are
assuming that all
categories hold the
same weight.
These 10 criteria
could also be
expanded in the
future to introduce
an additional level
of detail to this high
level assessment.
Raw
Score
Scales
Findings & Action Plan
41. 41
Results show that water infrastructure may provide the greatest expected value on average
when addressing funding needs, but it also contains the highest level of investment risk.
SCORING RESULTS BY INFRASTRUCTURE PLATFORM
Expected Value
Compliance / Basic Essential
Service / Public Safety and Well
Being at Risk
Alignment with Michigan’s
Economic Goals
Rehabilitation of Aging
Infrastructure
Public Demand and Unmet
Needs
Other Anticipated Benefits
including Public Visibility,
Environmental and Social
Views
Investment Risk
Current and Estimated Future
Funding Gap
High Capital Cost and Long-
term Implementation Schedule
Availability of Potential Funding
Sources to Address Funding
Gap
Level of Complexity
Reputational Risk, Public and
Stakeholder Support
4.0 5.0 4.7 3.0
4.2 3.3 4.7 3.7
3.3 4.5 2.7 2.0
3.8 4.3 3.0 2.7
3.8 4.0 4.0 3.0
3.3 3.8 3.0 2.0
3.7 3.3 2.7 3.0
3.8 4.0 3.3 1.7
3.8 4.0 2.7 2.0
2.0 2.3 1.7 2.3
3.8 4.2 3.8 2.9 3.3 3.5 2.7 2.2
Findings & Action Plan
42. 42
MICHIGAN’S INFRASTRUCTURE INVESTMENT INDEX
Findings & Action Plan
Results show that water infrastructure may provide the greatest expected value on
average, however this infrastructure platform also contains the highest level of
investment risk. Roads and bridges are the highest ranked infrastructure sub-categories.
5
2 3 4 5
1
1
2
3
4 Dams
Rail
Drinking Water
Airports
Sewer
Bridges Roads [Limiter]
GasExpected
Value
Electricity
Alternative
Energy
Investment
Risk
Mobile
Networks
Telephone
Storm Water
Lowest
Risk
Highest
Risk
Lowest
Value
Highest
Value
Infrastructure
Platforms
Infrastructure
Sub-Categories
Expected
Value
Invest.
Risk
Transportation
Roads 5.0 3.4
Bridges 5.0 3.2
Rail 3.6 4.0
Airports 3.0 3.6
Ports 2.8 3.4
Mobility 3.6 2.4
Water
Drinking Water 4.6 3.4
Sewer 4.2 3.4
Storm Water 4.0 2.6
Dams 4.0 4.4
Energy
Electricity 4.2 3.0
Gas 4.0 2.8
Alternative Energy 3.2 2.2
Communications
Broadband 3.4 1.8
Mobile Networks 3.0 1.8
Telephone 2.2 3.0
Transportation Infrastructure Water Infrastructure
Energy Infrastructure Communications
Infrastructure
Starting Point
‘Quick-Wins’
Plan Now /
Mitigate Risks
Reassess
Investment
Needs
Broadband
Consider
Funding
Alternatives
Ports
Mobility
Michigan’s Infrastructure Investment Index Scoring Results Summary
Note: Size of bubble = relative scale of
estimated annual funding gap.
43. 43
PROPOSED MICHIGAN INFRASTRUCTURE
IMPLEMENTATION PROGRAM
Following on from the leading practices research, Michigan may consider implementing the solutions set
out below as a program of work to improve its infrastructure planning, funding and financing practices.
Work Stream Description Issues Addressed Project Recommendations
Asset
Management
Practices
Set the framework and
guidelines for standard
statewide approach to
asset management
• Gaps in asset inventory data
• Understanding of asset
condition and risks
• Visibility of planned works
Expand Michigan Transportation Asset Management Council to include other infrastructure platforms
Design and implement state-wide asset management framework and guidelines
Design and implement asset data inventory requirements and platform e.g. statewide asset data inventory
Provide assistance to local municipalities in the adoption of asset management practices
Coordinated
Infrastructure
Planning
Create a forum for long-
term, integrated,
independent advice on
major capital investments
• Political influences
• Limited transparency
• Uncoordinated planning
• Economic growth needs
Complete an investment business case assessment of the set up an independent infrastructure planning body e.g.
Infrastructure Michigan
Develop a 30-year integrated Infrastructure Strategy for Michigan to advise the State Government on greatest
infrastructure needs and highest priorities, update strategy every 5 years
Create a benchmarking dashboard to monitor economic benefits from infrastructure investments
Reviews &
Approvals
Agree on a decision
framework for allocating
funding to address gaps
• Significant funding gaps
• Competing priorities
• Spending on low value, low risk
projects
Design and implement statewide capital investment guidelines and business case template
Design and implement statewide capital investment framework to determine investment decisions
Apply investment framework to recommendations from the Michigan Infrastructure Strategy to determine
investment allocation approach and begin to address current funding gaps
Coordinated
Infrastructure
Procurement
Create a delivery body
focused on the
procurement of major
capital investments
• Uncoordinated and/or inefficient
delivery
• Difficult to attract private
investment
• Unclear benefits realization
Pass public-private partnership legislation and assess opportunities for implementation
Complete an investment business case assessment on the set up an independent infrastructure delivery body e.g.
Major Projects Michigan or Michigan Infrastructure Bank or combine with coordinated planning body
Determine the amount of funding required to capitalize the delivery body
Financing
Strategies
Broaden the set of
strategies available to
finance infrastructure
projects
• Under-utilized Federal Loan &
Grant Programs
• Limited financing options
• No incentives to coordinate
Maximize value received from Federal Loan & Grant Programs
Pilot innovative financing models on new projects
Assess opportunities for direct private investment or ownership of infrastructure
Design and implement “incentives for coordination” program and set efficiency targets
Funding
Mechanisms
Raise new funding for
infrastructure projects by
deploying innovative
funding mechanisms
• Limited funding availability
• Restrictions on changes to
funding sources
Agree on set of mechanisms to address funding gaps for each infrastructure platform
Evaluate changes that can be made to current funding sources e.g. raise the gas tax, enhance user pay solutions
Pilot innovative funding strategies identified as part of leading practices review
Findings & Action Plan
44. 2017 2018 2019 2020 2021
44
The recommended solutions may be packaged up into six work streams and delivered as
a 5-year infrastructure planning and procurement improvement program as set out below.
Asset
Management
Practices
Coordinated
Infrastructure
Planning
Reviews &
Approvals
Coordinated
Infrastructure
Procurement
Findings & Action Plan
PROPOSED 5-YEAR MICHIGAN INFRASTRUCTURE
IMPLEMENTATION ROADMAP
Financing
Strategies
Funding
Mechanisms
Timeframe for Action: Years 1 – 3
Implementation
Work Streams:
Timeframe for Action: Years 1 – 2
Timeframe for Action: Years 1 – 2
Timeframe for Action: Years 1 – 3
Timeframe for Action: Years 2 – 5
Timeframe for Action: Years 1 – 5
47. 47
UK NATIONAL INFRASTRUCTURE PLAN (NIP)
Potential Recommendations for Michigan
Lessons Learned
Case Study Summary
Applicability to Michigan / Potential Limitations
Benefits Realized
Implementation Model / How Does It Work?
• NIP sets out the challenges facing UK infrastructure and the government’s strategy
for meeting the infrastructure needs of the UK economy.
• Outlines detailed infrastructure policy and financing plans for each major sector;
including roads, rail, local transport, ports, energy, communication, water, and waste.
• Originally published in 2010, with subsequent updates through the recent publication
of National Infrastructure Delivery Plan 2016-2021, which sets out what will be built
and where over the next 5 years to 2020-21.
• Estimated pipeline of over £460 billion of planned public and private infrastructure
investments beginning 2014 and onward.
• 2014 publication of plan includes a detailed analysis of how the private-sector
element of the pipeline will be funded and financed.
• Outlines specific actions the government will take to improve project delivery and
performance outcomes and to address the drivers of high cost and inefficiency.
• HM Treasury estimates the average annual infrastructure investment increased by
15% between 2005 to 2014.
• Over 2,500 different infrastructure projects or schemes have been completed since
2010.
• £22bn of private-sector investment in water and waste water assets since 2010.
• Estimated pipeline of over £460 billion of planned public and private infrastructure
investments beginning 2014 and onward.
• NIP provides a precedent as to the depth and detail included in an innovative,
government-published infrastructure plan which includes long-term strategies.
• A comprehensive plan not only includes how to prioritize the pipeline, improve
delivery and performance, monitor and report progress; but also specific goals,
implementation plans, and financing methods for each sector.
• NIP provides a precedent to Michigan on producing a comprehensive, government-
published infrastructure plan which includes long-term strategies.
• Because NIP is a national, foreign plan with greater access to funding, NIP may not
apply to Michigan’s profile for infrastructure planning and funding at the state level.
• Michigan may consider studying publications related to NIP to understand which
areas may apply to Michigan’s need for increased infrastructure planning and funding.
• Michigan may consider adopting its own published 5-year plan and reporting periodic
updates on progress.
NIP presents an overview of the UK’s planned policies, investments and delivery plans
between 2010 and 2020 for key infrastructure sectors at the local, regional and national levels.
Infrastructure Planning –
Long-Term Infrastructure Needs
Appendices
48. 48
NEW YORK WORKS TASK FORCE
The task force brings together finance, labor, planning and transportation professionals to
coordinate a statewide infrastructure plan and strategic allocation of capital investment funds.
Potential Recommendations for Michigan
Lessons Learned
Case Study Summary
Applicability to Michigan / Potential Limitations
Benefits Realized
Implementation Model / How Does It Work?
• The task force aims to coordinate and accelerate billions of dollars in critical capital
investment to rebuild the foundation of the state’s economy, the state’s infrastructure
and create thousands of private sector jobs.
• The expertise of finance, labor, planning and transportation professionals is paired
with members of the NY regional economic development councils to support bold
regional economic development strategies across the state.
• Key outcomes desired by the task force are to develop a coordinated, streamlined
and prioritized state infrastructure plan, to accelerate major projects, to explore
financing mechanisms and partner with the private sector on project procurement.
• The task force intends to coordinate $174 billion in spending across 47 state agencies
and authorities. It’s required to mesh that spending with the activities of the 10
Regional Economic Development Councils or REDCs.
• The proposed projects to be included in the long-term infrastructure plan were to be
posted online with real-time updates so that the general public could track the
progress of projects in their community.
• The NY Governor initially announced up to $750 million available as part of a second
Regional Economic Development Council competition to support economic
development, strategic plan implementation and job creation across the state.
• In addition, the Governor announced that 101 project contracts to repair state
highways, bridges, and parks, consisting of more than $133 million in infrastructure
investments, were opened for expedited bidding.
• Following a number of public forums, the Governor announced the release of the
state’s first ever 10-year Statewide Capital Plan in 2013, which coordinates $174
billion in existing capital investment dollars across 45 state agencies and authorities.
• The 10-year capital plan included $118 billion for State of Good Repair projects, but
the specific projects to be funded were not described. Information about the condition
of the state’s infrastructure assets and costs to upgrade was also limited.
• It was estimated that $1 million of public investment in infrastructure produces $1.89
million in total economic activity.
• An improvement to the plan could be to include a set of standard project metrics, so
that the performance of the agency overseeing the project can be assessed.
• The Michigan Infrastructure Commission could evolve into a coordinating
implementation task force, with similar structure and objectives to the NY group.
• A coordinating implementation task force could be considered as an alternative to
setting up a fully independent statutory infrastructure planning body.
Infrastructure Planning –
Long-Term Infrastructure Needs
• The Michigan Infrastructure Commission and the NY Works Task Force both have a
similar structure, however the current objectives of the two groups are different in that
the NY group is coordinating the development of a 10-year statewide capital plan and
the Michigan group is recommending improvements to the way infrastructure is
planned, funded and financed across the state.
• The NY Works Task Force appears to have a larger focus on the identification of
regional projects and this suggests that there may have been a separate process set
up to evaluate NYC needs.
• All major state agencies and authorities are required to participate
on the implementation council to coordinate capital planning.
New York Works Task Force
Task Force Implementation Council
Executive Director
Finance & Economic Development Specialist
Staffing
State Officials
Regional Economic
Development Councils
• 15 members on the Task Force.
• 9 members appointed by the NY Governor.
• 6 members appointed by the Legislature.
Appendices
49. 49
INFRASTRUCTURE VICTORIA
Once established, Infrastructure Victoria will be required to publicly release a 30-year
Infrastructure Strategy detailing short, medium and long-term infrastructure needs and priorities.
Potential Recommendations for Michigan
Lessons Learned
Case Study Summary
Applicability to Michigan / Potential Limitations
Benefits Realized
Implementation Model / How Does It Work?
• Infrastructure Victoria is tasked with ensuring that the future of the State of Victoria in
Australia is planned with transparent, independent and expert infrastructure advice. It
will guide decision making and enhance public debate about Victoria’s future.
• Infrastructure Victoria will transform the way infrastructure planning is undertaken and
will adopt an evidence-based, consultative and transparent approach.
• The new Authority is led by a CEO and a board of seven members comprising four
members from the private sector and three from the public sector.
• A 30-year Infrastructure Strategy will be prepared that supports improved social,
economic and environmental outcomes and it will be updated every 5 years.
• The Victorian community and stakeholders will be engaged throughout the process of
developing the 30-year Infrastructure Strategy.
• One of Infrastructure Victoria’s core roles is to provide written advice to government
on specific infrastructure matters such as assessment of any major infrastructure
projects proposed by government or the private sector (market-led proposals),
intergovernmental submissions or government’s infrastructure plans.
• A current and future state of Victoria analysis was the first piece of work completed
and it focused on economic, social and the environmental indicators and trends.
• An initial Infrastructure Strategy Options Paper has put forward over 200 ideas to
address Victoria’s infrastructure needs, inviting the general public to comment.
• Online and community regional and rural infrastructure forums have been held.
• The Victorian Government has detailed plans to spend $22 billion on infrastructure
over four years.
• Legislation was passed to ensure independence and to reduce the ability of future
governments to make changes to the way that the Authority operates.
• The previously implemented Victorian Government Investment Lifecycle Guidelines
allow the Authority to assess major project business cases that are presented in a
standardized template and reviewed within an agreed stage-gate approval process.
• There has been some negative media reports about the estimated cost to run the
Authority of around $10 million a year and also that the government has not asked
the Authority to review any current major projects as part of its scope.
• Legislation would need to be passed to set up an Independent Statutory Authority
similar to Infrastructure Victoria.
• The annual costs of operating a coordinating body like Infrastructure Victoria may
make the solution prohibitive.
• Putting in place an objective, independent Board may be a challenge.
• Michigan may consider adding additional responsibilities to an independent Statutory
Authority such as providing expert advice on project procurement and encouraging
investment from the private sector.
Infrastructure Planning –
Coordinating Bodies
Legislation
Passed
‘Infrastructure
Victoria Act
2015’
• Legislated objective to provide independent and expert advice.
• An Independent Board.
• No Ministerial Direction or Control.
• Freedom to publish 30-year infrastructure strategy.
• Annual report will include an assessment of Government’s progress.
Key Roles
Set Up
Infrastructure
Victoria
1. Prepare a 30-year Infrastructure Strategy for Victoria.
2. Provide advice to the Victorian Government on infrastructure matters.
3. Publish research on infrastructure matters.
Agreed Scope
Broad View of
Infrastructure
• Energy
• Water
• Transport
• Education and Training
• Health and Human Services
• Justice
• Cultural, Recreational, Tourism
• Science, Agriculture, Environment
• Information & Communications
Technology (ICT)
• Michigan may consider setting up its own Independent Statutory Authority responsible
for developing a long-term consultative 30-year state infrastructure strategy for the
Government, with updates to the strategy every 5 years.
Appendices
50. 50
INFRASTRUCTURE ONTARIO
Infrastructure Ontario is an Independent Infrastructure Authority set up to support the
government’s initiatives to modernize and maximize the value of public infrastructure and realty.
Potential Recommendations for Michigan
Lessons Learned
Case Study Summary
Applicability to Michigan / Potential Limitations
Benefits Realized
Implementation Model / How Does It Work?
• Infrastructure Ontario was launched under the Ontario Infrastructure Projects
Corporation Act in 2006 with the merger of the Ontario Strategic Infrastructure
Financing Authority and Ontario Infrastructure Projects Corporation.
• Today, Infrastructure Ontario is a Crown agency reporting to the Minister of
Infrastructure and is classified by the Province of Ontario as an operational enterprise
without share capital.
• Infrastructure Ontario has a strong focus on helping the state government with the
negotiation and procurement of public-private partnerships.
• Infrastructure Ontario’s scope includes an Alternative Financing and Procurement
(AFP) program that has been widely seen as successful and a world leading practice
to encourage private investment in infrastructure.
• The AFP program brings together private and public sector expertise in a unique
structure that transfers the risk of project cost increases and scheduling delays
typically associated with traditional project delivery.
• The AFP program has an emphasis on building partnerships and creating innovative
solutions by offering clients assistance with financing, planning, procurement and
project management on projects greater than $50 million in value.
• Since 2003, Infrastructure Ontario’s Loan Program has advanced $6.2 billion to more
than 350 public sector clients across Ontario.
• Since 2006, Infrastructure Ontario’s AFP program has brought more than 75 major
infrastructure projects to market, including a mix of road, rail and hospital projects.
• In 2014, Infrastructure Ontario entered into a credit agreement with the Province of
Ontario to provide a short-term revolving credit facility in the amount of $900 million.
• A broad multi-sector scope has been implemented for the infrastructure loan program.
Funds have been used to revitalize roads and bridges, build new recreation centers
and affordable housing, and purchase equipment like fire trucks and energy efficient
streetlights. Loans have terms to match life of the assets, fixed rates up to 30 years.
• A dedicated commercial projects team increases the focus from government on
revenue generation, cost reduction and creation of efficiencies in the public sector.
• Legislation would need to be passed to set up an Independent Infrastructure Authority
similar to Infrastructure Ontario.
• The design and implementation of an Alternative Financing and Procurement
program would be dependent on the authorization of current PPP legislation in
Michigan.
• Michigan may consider setting up its own Independent Infrastructure Authority
responsible for assisting the state with the procurement of PPPs, the provision of
infrastructure loans to municipalities and driving cost efficiencies in the public sector.
• Michigan may consider investigating implementation requirements and estimating the
amount and source of funds that would be supplied to any infrastructure loan facility.
Infrastructure Planning –
Coordinating Bodies
Major Projects
Infrastructure Ontario has 4 lines of business that deliver results directly to clients and stakeholders:
Real Estate
Services
Infrastructure
Lending
Commercial
Projects
• Managing large complex public infrastructure projects through an
alternative financing and procurement program.
• Use of private financing and expertise to build infrastructure.
• North America’s most advanced and active market for PPPs.
• Providing oversight of the Province’s real estate portfolio and
maximizing the value of public buildings and land.
• Strategic asset management portfolio reviews and rationalization,
realty capital planning and accommodation analysis.
• Administering Infrastructure Ontario’s Loan Program, which provides
Ontario municipalities and other eligible public organizations with
access to affordable long-term financing to build and renew public
infrastructure.
• Leveraging private sector partnerships and investments for revenue
generation, cost reduction, and efficiency in government services
and investments.
• Ensuring real value to the Province with every transaction and
ongoing management.
Appendices
51. 51
INFRASTRUCTURE ASSET MANAGEMENT IN AUSTRALIA
Potential Recommendations for Michigan
Lessons Learned
Case Study Summary
Applicability to Michigan / Potential Limitations
Benefits Realized
Implementation Model / How Does It Work?
• In Australia, infrastructure asset management made its way into public works in the early
1990s when the Australian Accounting Standard Board issued a new standard (AAS27)
requiring government agencies to capitalize and depreciate assets rather than expense
them against earnings.
• This development indirectly forced organizations managing infrastructure assets to
consider the useful life and full asset lifecycle cost effectiveness of asset investments.
• Some Australian states have designed and published asset management standards,
frameworks and guidelines to ensure assets are managed efficiently and effectively,
including some mandatory requirements and also general guidance for agencies.
• Many public utilities and local government organizations in Australia have now
implemented asset management systems and planning practices that are aligned with
state-led published frameworks and guidelines.
• In some cases these organizations are even seeking external certification to the recently
developed International Standard for Asset Management ISO 55000, written and
released by the Institute of Asset Management (IAM), based in the UK.
• While certification is not yet mandated in Australia, it is becoming beneficial for these
organizations when justifying necessary capital improvements and rate increases.
• State frameworks and guidelines have been adopted by departments and local
government municipalities across a broad range of sectors from water, energy and
transportation, to health and human services, education and justice/prison services.
• The state frameworks and guidelines have helped smaller organizations to develop
asset management policies, strategies, data capture, analysis and long-term plans.
• A ‘top-down’ approach at the state level to set asset management practices and guide
adoption at the agency level can be very effective to achieve desired outcomes.
• Infrastructure investors are now seeking out information on state asset management
practices and using this as a risk management indicator to provide greater certainty
over long-term returns.
• Centralized asset databases are becoming more common at the state level, however
these are not a replacement for asset data collection and analysis at the local level,
but rather an additional tool for high level asset condition and criticality analytics.
• There is an increasing interest to implement the standard best practice approach to
asset management (ISO 55000) in the U.S. due to its comprehensive methodology
and proven benefits / results.
• The Michigan Department of Transportation Asset Management Council is a model
for asset management that already exists in the state and this approach could
potentially be expanded to other agencies and cascaded to local government levels.
• Michigan may consider what a management system including common standards,
frameworks and guidelines should look like at the state level, so that the adoption of
asset management practices at the local government level can be directed.
• Michigan may consider estimating the costs to implement and ongoing costs to
coordinate the adoption of asset management standards, frameworks and guidelines.
Infrastructure Planning –
Asset Management Frameworks
Example Asset Management Accountability Framework from Australia
Pressure to prioritize capital and operating budgets with limited funding and the increasing risks
from an aging asset base are the largest drivers of asset management frameworks in Australia.
Planning Acquisition Operation Disposal
Asset Life Cycle
Leadership and Accountability
• Governance
• Attestation
• Performance Management
• Achievement of Government outcomes
• Continuous improvement and flexibility
• Asset management
strategy
• Planning for
uncertainty
• Business cases
• Risk management
• Cost/benefit analysis
• Accounting treatment
• Non-asset alternatives
• Acquisition process
• Risk evaluation
• Procurement method
• Monitoring
• Maintenance
• Information
management
• Asset valuation
• Utilization
• Functionality
• Retirement
• Replacement
• Renewal
• Redeployment
Appendices
52. 52
ONTARIO’S RURAL ASSET MANAGEMENT PROGRAM (AMP)
Potential Recommendations for Michigan
Lessons Learned
Case Study Summary
Applicability to Michigan / Potential Limitations
Benefits Realized
Implementation Model / How Does It Work?
• Nearly $6 million in funding was allocated to the AMP under the $298 Canada-Ontario
Municipal Rural Infrastructure Fund (COMRIF) agreement.
• Eligible municipalities and local service boards were required to submit an application,
or “expression of interest”, in order to receive funding for the following uses:
‒ Enhance knowledge of their existing infrastructure assets;
‒ Evaluate life-cycle costs associated with the infrastructure they own and operate;
‒ Assess the capacity of current infrastructure and identify future needs;
‒ Plan and make infrastructure financing decisions; and, train municipal staff in
long-term infrastructure management.
• Funding for AMP is calculated according to a formula that combines a minimum base
amount plus per capita allocations. Funding also includes a one-third municipal
matching contribution up to almost $3 million; allowing the total investment for AMP to
reach almost $9 million.
• The COMRIF Joint Secretariat reviewed the applications and approved funding for
more than 400 municipalities in Ontario.
• Under COMRIF, the federal and provincial governments helped municipalities
improve the quality of life of residents through essential infrastructure projects.
• AMP use of an entitlement-based approach to funding ensured that all municipalities
eligible for COMRIF had access to receive a substantial share of the program funds.
• For many municipalities, improving asset management results in community leaders
making informed and timely decisions which will help municipalities optimize
investments, save money in the long run, and better manage risks.
• Improved municipal asset management will also help ensure that limited provincial
resources are directed to the most critical needs.
• Implementing a regional AMP provides the opportunity for the state to enforce
standard asset management standards, frameworks, systems and data collection.
• AMP provides a precedent to Michigan for the implementation of a rural-based asset
management program.
• Because of Ontario’s rural density, Ontario’s AMP may align with Michigan’s profile for
infrastructure planning and funding at the municipal level for rural areas.
• Michigan may consider requesting additional information from COMRIF to further
understand lessons learned from AMP’s execution.
• Michigan may consider adopting its own regional asset management program to help
improve infrastructure in its rural counties.
In 2006, the $5.96 million AMP was launched to help eligible municipalities and local services
boards improve and increase their capacity to manage their infrastructure assets.
$3 M from
municipal
matching
$6 M from COMRIF’s
Asset Management
Program
428 eligible municipalities
Population of 250,000 or less to be eligible
Infrastructure Planning –
Asset Management Frameworks
$298 Canada-Ontario Municipal Rural
Infrastructure Fund (COMRIF)
Appendices