Project News
ASN Constructors is the construction arm of the Red River Valley Alliance and is building the Fargo-Moorhead Area Diversion channel. The Fargo-Moorhead Metropolitan Area Flood Risk Management Project represents the first United States Army Corps of Engineers (USACE) public-private partnership (P3) and one of the first large-scale ESG-focused P3 transactions in the United States of America.
The project offers long-term flood protection to the Fargo-Moorhead-West Fargo metro area, and is designed to withstand a 100-year flood, and to provide resiliency in the event of a 500-year flood.
The project is the first pilot project under the agency’s Revolutionize USACE Civil Works initiative, which aims to demonstrate the possibility of novel delivery methods that effectively lower project costs and construction time.
This first-of-its-kind climate resiliency P3 project, speaks directly to the current and future climate change adaptation goals of the Authority, the State and U.S. federal sponsors of the project, and may very well set a new standard for both project development and financing.
Once completed, the project is anticipated to safeguard more than 260,000 people and 70 square miles of current infrastructure against flooding, potentially saving American taxpayers billions of dollars in disaster recovery funding and protecting the livelihoods of thousands of small and medium sized businesses throughout the region.