A more cost-effective financing and delivery framework
WATER AND WASTEWATER
Our Municipal Asset Partnership (MAP™) is a collaborative, flexible framework used to help municipalities overcome challenges with financing. It also allows you to retain ownership and control over your infrastructure and prioritizes long-term stability for residents.
The benefits of working with Graham Capital
An equal partnership
When municipalities work with Graham, it’s a true partnership—joint project financing, delivery, and governance.
Municipal control
Municipalities retain full ownership, control, and long-term economic benefits of their water and wastewater assets.
Access to expertise
We provide financial advisory support and help navigating funding and financing streams while preserving municipal borrowing capacity.
Affordability
We provide affordability through efficient capital structuring that minimizes private equity. This alleviates upward pressure on rates, reduces private sector dividend payments, and returns surplus rates to the municipality.
How MAP™stacks up to the options
| Consideration | Option 1 Municipal Borrowing |
Option 2 Development Levies |
Option 3 Standard P3 |
Option 4 Utility Privatization |
|
|---|---|---|---|---|---|
| ControlWill the municipality retain ownership and control of the utility infrastructure? | ✓ | ✓ | ✓ | ✗ | ✓ |
| FinanceCan the municipality access alternative financing, which could potentially be structured off-balance sheet? | ✗ | ✗ | - | ✓ | ✓ |
| FlexibilityIs this approach scalable and efficiently implemented to various project sizes? | ✓ | ✓ | ✗ | ✓ | ✓ |
| Does this option address issues with control, financial constraints, and flexibility? | ✗ | ✗ | ✗ | ✗ | ✓ |
Our process
We start with a feasibility analysis and then create the project’s legal and financial structure. Our construction team works with your design and operations team through Early Contractor Involvement to identify risks and work through open-book pricing exercises. Finally, we manage the construction of your project and support the transition to operations. Our typical stages of delivery are:
Establishing project feasibility
1
Design development and financial modelling
2
Creating a funding strategy and securing the funds
3
Overseeing construction to completion
4
Supporting the transition to operations
5
DID YOU KNOW?
Graham’s MAP received a High Commendation at the 2022 P3 Awards under the Best Financial Model category. And the Wetaskiwin Wastewater Treatment Project was a finalist under the Best Utilities Project category.
FEATURED PROJECT
Wetaskiwin Wastewater Treatment Plant
Let’s talk about
your project
Every project is different. We’ll help you find a tailored solution that ensures a reliable outcome. Contact us to find out how we can support you.