Energy Efficiency Upgrades for 10 NYC 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

The federal government is committing $180.6 million in total payments over 18 years to upgrade energy and water systems in 10 major New York City federal buildings, with costs covered by projected utility savings.

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 executing the energy conservation project over an 18-year period.

Directly affected

General Services Administration

The agency is responsible for managing the contract and overseeing the energy efficiency improvements in its building portfolio.

Key Facts

The total cost to the government over the 18-year term is $180,619,943.
The project involves 98 distinct energy and water conservation measures.
The construction investment value is $113,161,454.
The project covers 10 specific federal buildings in New York City.

Show all 9 facts

Trane U.S. Inc. is providing private financing for the project.
The loan term for the financing is 18 years.
The interest rate for the private financing is 3.44%.
Repayment is structured to be paid from guaranteed annual energy savings.
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

How is this project being paid for?

The project is privately financed by Trane U.S. Inc. and will be repaid by the government over 18 years using the money saved from reduced energy and water consumption.

Which buildings are being upgraded?

The project covers 10 federal buildings in New York City, including several courthouses, the Customs House, and the U.S. Mission to the United Nations.

What else do you want to know?

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Full breakdown

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financial connection90% confidence

Self-Financing Infrastructure Model

The project utilizes a performance-based contract where the total cost to the government ($180.6M) is significantly higher than the construction investment ($113.1M) due to the 18-year financing interest.

Trane U.S. Inc.General Services Administration