CDOT rejects unsolicited proposal for toll lanes

Subscribe to our newsletter and get the latest news and business opportunities in your inbox

The Colorado Department of Transportation (CDOT) has rejected an unsolicited proposal that sought to accelerate the construction of toll-free express lanes on Interstate 25 in order to close an approximately 23-mile gap north of the suburbs of Denver, Colorado, USA.

A group named I-25 Now, managed by Roadis USA, a branch of a Spanish toll-road operator, presented the Colorado Department of Transportation with their concept for a public-private collaboration in early 2021. CDOT has had difficulty raising the hundreds of millions of dollars required to finish the remaining parts. The Roadis team claimed it could complete them and do so substantially more quickly.

An early conceptual presentation by the I-25 Now team suggested an approximately US$1 billion project with an initial expenditure of US$350-500 million. However, CDOT officials have openly shown reluctance to accept the Roadis plan, stating that they are looking into alternative funding sources for the remaining parts.

List of the country updates

Country updates

  • November 21, 2022

    Financial close achieved for JFK Terminal 6 in USA

    The Port Authority of New York and New Jersey has approved a US$4.2 billion project financing for the construction of a new international Terminal 6 in New York, USA. JFK Millennium Pa...

    Read more
  • November 21, 2022

    Veritas to acquire Wood Mackenzie

    Verisk and Veritas Capital have announced the agreement to acquire Verisk’s energy business, Wood Mackenzie for US$3.1 billion excluding US$200 million considering future contingent pa...

    Read more
  • November 18, 2022

    Bidder chosen for Prison PPP project in Lafayette

    The Lafayette Parish Council has announced that it has selected four local businesses for a public-private partnership (PPP) to build a new jail and juvenile detention home in Lafayette Coun...

    Read more
  • November 17, 2022

    RFP launched for High-speed broadband PPP project in USA

    The Highlands County has issued a Request for proposal seeking a public or private partner for the development and implementation of High-speed broadband PPP project in Highlands County...

    Read more
  • November 16, 2022

    Appolo completes acquisition of Harmoni

    Appolo has announced that infrastructure funds managed by its affiliates have completed the previously announced sale of Harmoni Towers (Harmoni), a portfolio company of Parallel Infrastruct...

    Read more

Share this update