PUBLIC PRIVATE PARTNERSHIP (P3) LEADS TO POSITIVE OUTCOMES

In November 2020, University of Idaho signed a 50-year concession agreement for the institution’s utility systems. It is an exciting example of a funding mechanism that monetizes non-strategic assets, transfers risk to the private sector, promotes high quality educational programming and ultimately enhances creativity and coordination by bringing many experts to the table. The partnership with Sacyr Plenary

Utility Partners Idaho and McKinstry provides a new metric driven strategy to invest in student success, research and telling our story to better recruit students. It delivers benefits to the state of Idaho and taxpayers by providing financing for a deferred maintenance plan for our utility systems. With this P3 agreement, the university has benefitted from a minimum annual investment of $6 million in revenue generating strategic initiatives.