Energy Efficiency Upgrades for 10 New York City Federal Buildings

Original title: General Services Administration → TRANE U.S. INC. ($88.91M)

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What This Bill Does

The General Services Administration has contracted Trane U.S. Inc. to implement energy and water conservation measures across 10 federal buildings in New York City. The project is privately financed by the contractor and will be repaid over 18 years using guaranteed energy savings.

Why it matters

This $180.6 million project upgrades critical federal infrastructure in New York City, with costs covered by future energy savings rather than immediate upfront government appropriations.

Who It Affects

Groups the bill's text affects, as described in the record. Being affected is not a position for or against it.

Directly affected

Trane U.S. Inc.

The company is responsible for financing and installing energy conservation measures and will receive payments over 18 years.

Directly affected

General Services Administration

The agency is overseeing the project and is obligated to repay the financing through energy savings.

Key Facts

The total cost to the government over the 18-year loan term is $180,619,943.
The project involves 98 distinct energy and water conservation measures.
The construction investment value for the project is $113,161,454.
The project is privately financed by Trane U.S. Inc. at an interest rate of 3.44%.

Show all 8 facts

The loan term for the project is 18 years.
Repayment is structured to be paid from energy savings guaranteed annually.
The project covers 10 specific federal buildings in New York City.
Buildings included: Jacob Javits Federal Building, U.S. Court of International Trade, Ted Weiss Federal Building, Alexander Hamilton U.S. Customs House, Daniel P. Moynihan Federal Courthouse, Varick Street Federal Building, Ronald Brown U.S. Mission to the UN, Theodore Roosevelt Courthouse, Emmanuel Celler Courthouse, Conrad Duberstein Federal Courthouse, and Charles Brieant Federal Courthouse.

Frequently Asked Questions

Who is paying for these building upgrades?

Trane U.S. Inc. is providing the private financing for the project, which the government will repay over 18 years using the money saved on energy costs.

Which buildings are being upgraded?

The project covers 10 federal buildings in New York City, including the Jacob Javits Federal Building, the U.S. Court of International Trade, and several federal courthouses.

What else do you want to know?

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Self-Financing Infrastructure Model

The project utilizes an Energy Savings Performance Contract (ESPC) model where the contractor assumes the financial risk of the initial investment, which is then recouped through operational savings.

Trane U.S. Inc.General Services Administration