University of Iowa P3 Utility System Transaction Project

financial close

The project involves the development, operation, and management of the University of Iowa on-campus utility systems through a 50-year lease and concession agreement.The agreement covers the operation and maintenance of the electrical systems, steam, domestic water, chilled water, sanitary and storm sewer, high-quality water, utility network maintenance, energy control center, environmental compliance, and related distribution systems serving the Main and Oakdale campuses, procurement of the utility systems’ required fuel/energy needs to optimize plant operation, ensure reliability and meet campus demand. UI utility powers and provides water to the entire university campus, located in Iowa City, and UI Hospitals & Clinics, comprising a power plant, water plant, three chilled water plants on the Main Campus, and satellite facilities at the Oakdale Campus.