Project
| ID | INDIGO-POJ-0094 |
|---|---|
| Impact Bond Name - (Value) | DC Water Environmental Bond |
| Stage of Development - (Value) | Implementation |
| Dates - Date outcomes contract signed - (Value) | 2017 |
| Dates - Start date of service provision - (Value) | 2016-10 |
| Dates - (Source ID's) | source2 |
| Overall project finance - Total investment commitment - Currency - (Value) | USD |
| Overall project finance - Total investment commitment - Amount - Exact - (Value) | 25000000 |
| Overall project finance - Total investment commitment - Amount USD - Exact - (Value) | 25000000 |
| Overall project finance - Maximum potential outcome payment - Currency - (Value) | USD |
| Overall project finance - Maximum potential outcome payment - Amount - (Value) | 28300000 |
| Overall project finance - Maximum potential outcome payment - Amount USD - (Value) | 28300000 |
| Purpose and classifications - Social challenge - (Value) | Stormwater runoff |
| Purpose and classifications - Intervention - (Value) | Development of green infrastructure (i.e. permeable pavement and bioretention) designed to mimic the same absorption and filtering processes found in nature in order to slow surges of stormwater during periods of heavy rainfall. Beneath the surface of a rain garden or permeable pavement installation, there are layers of soil, rock, and gravel that slowly filter stormwater allowing it to be reabsorbed into the ground or flow into the sewer system and back to the treatment facility for treatment. By absorbing and slowing stormwater, green infrastructure mitigates stormwater runoff, ultimately reducing the incidence and volume of CSOs (i.e. Combined Sewer Overflow). |
| Purpose and classifications - Policy sector - (Value) | Agriculture and environment |
| Purpose and classifications - (Source ID's) | source8,source1 |
| Service and beneficiaries - Target population - (Value) | 20 equivalent impervious acres of green stormwater infrastructure for Rock Creek Project A. |
| Service and beneficiaries - (Source ID's) | source10 |
| Notes - (Value) | The cost of installing the green infrastructure are paid for by DC Water (through the issuing of a 30 year municipal tax-exempt bond with a mandatory term of 5 years), but the performance risk of the green infrastructure in managing stormwater runoff is shared amongst DC Water and the investors through the SIB mechanism. Only a 3,3 million USD payment is linked to performance metrics. |
| Delivery Locations 1: Service Provision ID - (Value) | serviceprovision1 |
| Delivery Locations 1: Location - Name - (Value) | Rock Creek sewershed, Washington, DC, USA |
| Delivery Locations 1: Location - Country - (Value) | US |
| Delivery Locations 1: Lat/Lng - Lat - (Value) | 38.867713 |
| Delivery Locations 1: Lat/Lng - Lng - (Value) | -77.029891 |
| Sources 1: Id | source1 |
| Sources 1: Name - (Value) | DC Water Environmental Impact Bond fact sheet (2016) - p.1. Accessed on 29/7/2019 at https://www.goldmansachs.com/media-relations/press-releases/current/dc-water-environmental-impact-bond-fact-sheet.pdf |
| Sources 2: Id | source2 |
| Sources 2: Name - (Value) | HKS Government Performance Lab PFS case study (2017) - p.1. accessed on 29/7/2019 at https://govlab.hks.harvard.edu/files/govlabs/files/dc_water_environmental_impact_bond.pdf |
| Sources 3: Id | source3 |
| Sources 3: Name - (Value) | DCWater.com, accessed on 29/7/19 at https://www.dcwater.com/whats-going-on/news/dc-water-and-district-officials-kick-green-projects-improve-health-rock-creek |
| Sources 4: Id | source4 |
| Sources 4: Name - (Value) | HKS Government Performance Lab PFS case study (2017) - p.3. accessed on 29/7/2019 at https://govlab.hks.harvard.edu/files/govlabs/files/dc_water_environmental_impact_bond.pdf |
| Sources 5: Id | source5 |
| Sources 5: Name - (Value) | DC Water Environmental Impact Bond fact sheet (2016) - p.4. Accessed on 29/7/2019 at https://www.goldmansachs.com/media-relations/press-releases/current/dc-water-environmental-impact-bond-fact-sheet.pdf |
| Sources 6: Id | source6 |
| Sources 6: Name - (Value) | HKS Government Performance Lab PFS case study (2017) - p.3-4. accessed on 29/7/2019 at https://govlab.hks.harvard.edu/files/govlabs/files/dc_water_environmental_impact_bond.pdf |
| Sources 7: Id | source7 |
| Sources 7: Name - (Value) | DC Water Environmental Impact Bond fact sheet (2016) - p.2. Accessed on 29/7/2019 at https://www.goldmansachs.com/media-relations/press-releases/current/dc-water-environmental-impact-bond-fact-sheet.pdf |
| Sources 8: Id | source8 |
| Sources 8: Name - (Value) | HKS Government Performance Lab PFS case study (2017) - p.2-3. accessed on 29/7/2019 at https://govlab.hks.harvard.edu/files/govlabs/files/dc_water_environmental_impact_bond.pdf |
| Sources 9: Id | source9 |
| Sources 9: Name - (Value) | HKS Government Performance Lab PFS case study (2017) - p.1. accessed on 29/7/2019 at https://govlab.hks.harvard.edu/files/govlabs/files/dc_water_environmental_impact_bond.pdf |
| Sources 10: Id | source10 |
| Sources 10: Name - (Value) | HKS Government Performance Lab PFS case study (2017) - p.2 accessed on 29/7/2019 at https://govlab.hks.harvard.edu/files/govlabs/files/dc_water_environmental_impact_bond.pdf |
| Sources 11: Id | source11 |
| Sources 11: Name - (Value) | EPA Water Infrastructure and Resiliency Finance Center, DC Water's Environmental Impact Bond: A First of its Kind (April, 2017) - p. 1 - 2. Accessed on 29/7/19 at DC Water’s Environmental Impact Bond: A First of its Kind |
| Service Provisions 1: Id | serviceprovision1 |
| Service Provisions 1: Organisation ID - (Value) | INDIGO-ORG-0325 |
| Outcome Payment Commitments 1: Organisation ID - (Value) | INDIGO-ORG-0332 |
| Investments 1: Id | investment1 |
| Investments 1: Organisation ID - (Value) | INDIGO-ORG-0419 |
| Investments 1: Investment Type - (Value) | risk share payment in case of underperformance |
| Investments 1: Notes | risk share payment in case of underperformance |
| Investments 2: Id | investment2 |
| Investments 2: Organisation ID - (Value) | INDIGO-ORG-0334 |
| Investments 2: Investment Type - (Value) | risk share payment in case of underperformance |
| Investments 2: Notes | risk share payment in case of underperformance |
| Intermediary services 1: Organisation ID - (Value) | INDIGO-ORG-0326 |
| Intermediary services 1: Organisation Role Category - (Value) | Performance management |
| Intermediary services 2: Organisation ID - (Value) | INDIGO-ORG-0327 |
| Intermediary services 2: Organisation Role Category - (Value) | Performance management |
| Intermediary services 3: Organisation ID - (Value) | INDIGO-ORG-0605 |
| Intermediary services 4: Organisation ID - (Value) | INDIGO-ORG-0329 |
| Intermediary services 5: Organisation ID - (Value) | INDIGO-ORG-0331 |
| Outcome Metrics 1: Id | outcomemetric1 |
| Outcome Metrics 1: Outcome Definition - (Value) | Reduction in stormwater runoff - better than expected performance. Percentage reduction in stormwater runoff per acre by >41.3%. Evaluator performance monitoring results. |
| Outcome Metrics 1: Primary SDG goal - (Value) | 6 |
| Outcome Metrics 1: Primary SDG target - (Value) | 6.4 |
| Outcome Metrics 2: Id | outcomemetric2 |
| Outcome Metrics 2: Outcome Definition - (Value) | Reduction in stormwater runoff - performance within predicted bounds. Percentage reduction in stormwater runoff per acre between 18.6%<= and <=41.3%. Evaluator performance monitoring results. |
| Outcome Metrics 2: Primary SDG goal - (Value) | 6 |
| Outcome Metrics 2: Primary SDG target - (Value) | 6.4 |
| Outcome Metrics 3: Id | outcomemetric3 |
| Outcome Metrics 3: Outcome Definition - (Value) | Reduction in stormwater runoff - worse than expected performance. Percentage reduction in stormwater runoff per acre between <18.6%. Evaluator performance monitoring results. |
| Outcome Metrics 3: Primary SDG goal - (Value) | 6 |
| Outcome Metrics 3: Primary SDG target - (Value) | 6.4 |
| Documents 1: Title - (Value) | PFS - Fact Sheet |
| Documents 1: URL - (Value) | https://s3.eu-west-2.amazonaws.com/golab.prod/documents/PFS_fact_sheet-3.pdf |