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Commission authorizes MOU to explore private financing of horizontal infrastructure on Big Island
Summary
DHHL authorized the chair to enter a nonbinding MOU with Sustainability Partners LLC to evaluate an infrastructure‑as‑a‑service financing model for the Poneva/Grama Road development that could fund wastewater, water, roads and electrical backbone for initial residential phases.
The commission authorized DHHL to sign a nonbinding memorandum of understanding with Sustainability Partners LLC to explore alternative financing for horizontal infrastructure at the Poneva/Grama Road residential development on Hawaii Island. Acting LDD administrator Kalani Franda said the MOU would create a collaborative planning framework to evaluate conceptual engineering, financing structures, maintenance responsibilities and statements of work.
Danny Hughes of Sustainability Partners described an "infrastructure as a service" model that could fund and deliver wastewater treatment, electrical, water and transportation infrastructure, converting large upfront capital outlays into monthly payments aligned to revenue streams or utility offsets. He said the firm could provide up to 100% of design and construction financing and would work toward a long‑term handover of assets; department staff said preliminary analysis considered a 20‑year amortization and county turn‑over discussions.
Commissioners asked about ownership, investor sources, payback mechanisms and the county’s role; staff said the MOU is exploratory and nonbinding and will allow a risk analysis and legal review before any commitment.
