Financial Close for US-36 PPP in two weeks

Subscribe to our newsletter and get the latest news and business opportunities in your inbox
Financial Close for US-36 PPP in two weeks

The Colorado Department of Transportation (CDOT) has announced that the US 36 Express Lanes/Bus Rapid Transit project will achieve financial close within two weeks.

According to Don Hunt, Colorado Department of Transportation Director, investors are lined up and bond buyers are ready to purchase the debt to finance the road-widening effort on U.S. 36 between Denver and Boulder.

On April 11, a team formed by The Plenary Group, Ames Construction, Inc., Granite ConstructionHDRTransfield Services and Goldman Sachs, won the US-36 Managed lanes toll concession project.

Plenary beat competition from US 36 Development Partners which included Isolux Infrastructure, Netherlands B.V., Kiewit Infrastructure Co.Atkins, Terracare Associates, Bank of Tokyo-Mitsubishi UFJ and THB Advisory.

The project will be developed on a design, build, finance, operation and maintenace (DBFOM) basis. The agreement will be structured as a toll concession and is expected to have a term of 50 years.

The Plenary-led team will construct six miles of existing US36 from 88th Street to Table Mesa and add a managed lane in each direction. The concessionaire will also be responsible for operations and maintenance of managed lanes in the complete US 36 corridor and the existing I-25 Express Lanes.

List of country news

Country news

  • February 17, 2014

    Bechtel announces leadership changes

    Bechtel, one of the world's leading engineering, procurement, and construction companies, today announced several leadership changes throughout its worldwide organization, effective immediately. Read more
  • February 17, 2014

    FDOT receives Technical Proposals for I-4 Ultimate Project

    The Florida Department of Transportation (FDOT) announced that it has received and accepted four Technical Proposals in response to its Request for Proposals for the I-4 Ultimate Project. Read more
  • February 17, 2014

    Law firm expands energy & infrastructure finance practice

    Wilson Sonsini Goodrich & Rosati, a law firm with deep roots in Silicon Valley, has announced that Sean M. Moran and Michael P. Joyce have joined the firm as new partners. Formerly with Sidley Austin, Moran and Joyce are focused on high-level energy and infrastructure finance and will be based in the firm's Los Angeles office. Read more
  • February 18, 2014

    TIFIA loan signed for Grand Parkway

    U.S. Department of Transportation, through the U.S. Transportation Secretary Foxx, has announced a US$840 million loan for the Grand Parkway Project in Greater Houston. Read more
  • February 18, 2014

    Parsons Brinckerhoff announces hires in London and New York

    Raymond Moore has been named a Senior Professional Manager in the New York City office of Parsons Brinckerhoff. Read more

Share this news

Join us

In order to get full access to News section, you must have a full subscription. You can check all the benefits of becoming a member and purchase a subscription on our membership page.