Amber Infrastructure Group, the international infrastructure specialist, and Hunt Companies Inc. have achieved financial close of the City of Biddeford, Lincoln Garage, and RiverWalk project in Maine. 

The project involves the design, build, finance, operation, and maintenance of a 640 space parking garage along with the construction of sections of the City’s pioneering urban RiverWalk. The project, which is part of the City’s masterplan to reinvigorate its downtown Mill District, will provide much-needed civic amenities to facilitate further development in the area.

The City engaged the Amber and Hunt teams through a Progressive Development Agreement which provided the City with a guaranteed maximum price for the project. The agreement includes a 26-year lease of the newly constructed parking garage to Amber. Through the Progressive Development Agreement, the City was able to optimize the design and delivery schedule while significantly reducing the procurement risk and expense. The Progressive Development model is a specialism of the Amber and Hunt teams and was recently used successfully by the group to deliver the San Marcos Public Services Complex and Travis County Courthouse projects.

Construction of the Lincoln Garage will now commence with an expected in-service date of July 2021. PC Construction is undertaking the project construction and Premium Parking will operate parking services at the parking garage.