Hanson introduces leasing alternative for Stormceptor units
Stormceptors were recently used at an
MTO truck impoundment yard in Toronto
to prevent contamination from leaking
vehicles.
An agreement between Hanson
Pipe & Products Canada Inc.
and Kerotec Leasing Ltd.
gives developers, municipalities
and consulting engineers a new
flexibility in specifying Stormceptor®
oil and sediment removal systems.
These systems are designed for parking
lots, existing developments, public
works yards, automobile service stations,
transfer stations, docking stations,
bus depots, rail yards, new residential
developments, urban cores,
airports, military bases and many other
projects.
Leasing arrangements are available
for three, five, or seven-year terms and
options include: flexible start-up dates,
a maintenance service package for the
term of the lease; third party care of
assets with less chance for environmental
mishaps. Additional assets may
be added to the lease as required. When
the lease ends, lessees own the units.
According to Hanson, this new way
of acquiring Stormceptors means that
infrastructure costs are moved to
“additional rent”. Customers should
see an immediate savings in taxes and
budgeted expenditures. The impact of
budget overruns is significantly reduced
as servicing costs are rolled into
scheduled payments over the term of
the lease, along with responsibility and
obligation of servicing oil and sediment
removal units. Once funding
issues are removed through the lease
option, projects should move ahead
more quickly.
Companies involved in launching
this new alternative to acquiring buried
infrastructure include: Hanson Pipe
and Products Canada, Inc., Stormceptor
Canada Inc., Minotaur Guardian
Service Limited, and Kerotec. Hanson
produces concrete pipe and precast
concrete products with 96 production
facilities in 19 US states and Canada.
Stormceptor is a leading supplier of
engineered stormwater treatment
structures that remove oil and sediment
from stormwater runoff.
Minotaur develops and provides custom
programs of inspection, monitoring
and maintenance of Stormceptor
units. Kerotec is also the corporation
responsible for customizing and implementing leasing arrangements of infrastructure
products.
