Update on ROR-CPRA Finance Project
The teams submitting Statements of Interest and Qualifications was as impressive as it was diverse.
In early August, Restore or Retreat (ROR) announced a partnership with the Louisiana Coastal Protection and Restoration Authority (CPRA) to source expertise in areas of financing and economics to identify strategies to maximize the impact of near-term revenue streams for Coastal Master Plan projects. The project aims to create a financing structure for several specific Master Plan projects, develop repayment strategies from existing committed sources of revenue, as well as project economic benefits to the state and impacted communities by advancing restoration.
Statements of Interest and Qualifications (SIQ)
from financial services firms, consultant teams with financial expertise, and research institutions with finance experience. Ten teams with over 30 different firms and experts submitted, and the field was narrowed down to four to submit full proposals.
We will be sure to keep you posted on the results of the full proposals, and we look forward to making an announcement later this fall!