By Rachel Nix, Building Kentucky
A new municipal wastewater treatment plant is coming to Brandenburg through an innovative program.
The City of Brandenburg is the first local government in Kentucky to use public-private partnership funds. The city worked with Kentucky Bond Corp. in issuing bonds for the $8.3 million facility. The Kentucky General Assembly passed legislation to allow this type of partnership to improve infrastructure systems in 2016, but this is the first P3 to be approved.
P3s pave the way for private companies and public entities to work together to fund major projects.
A new $1.7 billion steel plate manufacturing facility from Nucor Steel will be built on the site of the current wastewater plant. Nucor broke ground on its facility recently and plans to have it fully operational in 2022.
The new Brandenburg wastewater treatment plant will be essential to keep up with Nucor’s expanded needs in the industrial park.