Does Anyone Have an Example of Privately Financed Floodplain Restoration?
Published on by Bill McDavitt, Project Manager, water resource expert with hydraulic and time series expertise in Business
In my experience, most of the river and floodplain restoration projects I've seen involve taxpayer/public funds.
I'm curious to find out if there might be examples where private sources of capital have contributed to a floodplain restoration project.
One example might be an insurance company that has a lower risk of flood claims coming in after the project is completed. While the gains might be marginal, a large scale floodplain restoration project could increase baseflows which in turn might lead to a tangible monetary benefit to either a hydropower company or a water supplier. Finally, while there are several variables that would have to be just right, conceivably a farmer with crops in the restored floodplain might have higher yields after a flood occurs.
The attached file is the write-up I did for a course I took on Coursera. My idea is just that, an idea. I'm curious to hear feedback and perhaps other ideas to have private capital partially fund a floodplain restoration project.
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2 Answers
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There is a river and floodplain restoration scheme at the Knepp Castle Estate in England - I think it was was (partly?) funded by the landowner as part of a larger ecological 'rewilding' scheme.
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Hello Bill; I believe I have all of the answers to this general question. There are many options available. Most are extremely inexpensive, have long term solutions, and are cutting edge technology. None are from any level of government. Too much information for this format. You may contact me by email. biozomesales@biozome.com , skype: guy_mcgowen. I will click the connect button and go from there.