Scottsdale, Ariz. — Abtech Holdings, Inc. announced a major collaboration effort with Corvias Solutions to develop large stormwater infrastructure projects, particularly under privately financed public-private partnership (P3) models. Corvias Solutions was selected as the private partner to develop the largest stormwater P3 contract in the United States, a $100 million project in Prince George’s County, Md. AbTech’s stormwater engineering subsidiary, AEWS Engineering, has teamed with Corvias Solutions to provide engineering and design services to support the Prince George’s County and Corvias stormwater partnership.
Recognizing the synergies between Abtech, AEWS and Corvias Solutions, the companies have structured a master framework to pursue similar stormwater infrastructure opportunities nationally, with a focus on Northeastern municipalities. They have identified several initial targeted areas and intend to immediately begin joint proposal work on a near-term Tri-state infrastructure opportunity.
Corvias Solutions is an experienced developer, program manager and facility owner/operator with significant experience in establishing, financing, and managing public-private partnerships. Corvias Solutions contributes immeasurably to the success of its parent company, the Corvias Group, which collectively manages 13 U.S. government partnerships, including more than $11 billion in long-term construction projects and more than $12 billion in long-term operations and management projects. Corvias Solutions intends to further its public environmental engagements in cooperation with AbTech on stormwater infrastructure, leveraging the experience and track record gained by Corvias’ Prince George’s County P3 partnership and AbTech’s Nassau County Design-Build-Operate project.
Commenting on the developments, Bjornulf White, Abtech’s Executive Vice President of Corporate Development, said, “We believe the combination of Corvias, AbTech and AEWS Engineering present a powerhouse team to execute large scale stormwater infrastructure projects that are being developed throughout the country. Considering Corvias’ scope and leadership in public-private partnerships, especially having been selected as the partner for the nation’s largest stormwater P3, we are thrilled to join forces and begin expanding our stormwater business lines. This allows AbTech and AEWS Engineering to focus on what they do best, providing innovative technologies and infrastructure solutions along with best-in-class stormwater engineering.”
Tad Davis, Corvias’Solutions Managing Director, commented: “We are excited to partner with AbTech and AEWS to apply our adaptive management approach to address increasingly complex stormwater challenges. Our focus on community-based, public private partnerships enables municipalities to access alternative financing options that include both private and public capital, while also leveraging private sector applications of emerging technologies and operational efficiencies to provide long term, holistic solutions. We believe AbTech Holdings shares our vision of creative problem-solving and we look forward to working in tandem with them to provide innovative stormwater management and treatment solutions to the full range of critical community infrastructure needs.”
